The Czech real estate fund Trigea has acquired Panattoni Tricity North, a 46,000 sqm logistics park in the northern Polish port town of Gdynia. Panattoni CEO Robert Dobrzycki said it was the facility’s access to the sea (along with continuing attractiveness of Polish assets) that made it attractive to investors. Given the fact that Panattoni has developed four other industrial parks in the Tricity area, it’s clear the company has a deep level of trust in it. For Trigea Nemovitostni Fund however, it marks just the second investment in Poland. Chairman of the board Tomáš Trčka said Tricity is an attractive destination for international investitutional investors. Panattoni was advised by DLA Piper and Albaluna Investments while Cushman & Wakefield assisted the buyer along with Arcadis, Baker McKenzie, and Greenberg Traurig Nowakowska-Zimoch Wysokiński. The parties to the deal are keeping its price tag under wraps.
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