US investor Invesco Real Estate has sold the Panattoni Park Gdańsk Airport logistics park near Gdańsk International Airport to EQT Exeter. The complex, some of which is still under construction, consists of five buildings and has a total lettable area of approx. 110,000 sqm.
The value of the transaction was not disclosed. Panattoni Park Gdańsk Airport was developed in a joint venture between Invesco and Panattoni. It consists of a big box warehouse and four last-mile logistics buildings. The project is Panattoni’s largest park in Pomerania and is BREEAM Very Good certified.
Greenberg Traurig advised Invesco on the sale.
We are delighted to have advised Invesco Real Estate on another complex logistics transaction. This transaction once again confirms the continuously growing interest of investors in the Polish logistics real estate market.
Rafał Siwek, a local partner in Greenberg Traurig’s Warsaw real estate practice
Invesco Real Estate is a real estate investment manager with $92 billion in assets under management from 21 regional offices in the US, Europe and Asia. At the end of the first quarter of 2022, it managed assets of USD 15 billion in 14 European countries.
