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2022-01-17 00:00:00
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A Korean fund, represented by the Polish branch of BNP Paribas Real Estate, has acquired the 190,000 sqm distribution centre developed by Panattoni in Ĺwiebodzin in western Poland. Financing of almost EUR 100 million was granted for this transaction by a consortium of two banks, with BNP Paribas Bank Polska acting as the facility and security agent as well as the account bank. The current owner is an international investor who had bought it from its original developer at an auction three years ago for EUR 36 mln. This acquisition marks another milestone event marking Korea's presence on European real estate markets.
South Korean companies further investment In Poland
The four-storey building comprises 190,000 sqm of industrial space together with 9,000 sqm of office space and 1,000 parking places. It is situated close to the S3 expressway and there are plans to build an additional production hall on site by 2021.
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