Panattoni has sold two warehouse facilities in Poland to Octane Capital Partners and Peakside Capital for an unspecified amount.
The Panattoni Park Warsaw Janki IV and Panattoni Park Warsaw City V assets located in the Warsaw metropolitan area offer a total of about 24,000sqm represents the first deal for a newly created partnership between Octane Capital Partners and Peakside Capital.
Peakside and Octane have completed the transaction as part of a newly established joint venture, created to target Polish real estate market and debt instruments backed by real estate assets.
MichaΕ Nawrot, head of investments CEE at Peakside Capital Advisors, said: βWe are pleased to announce the finalisation of the purchase of two modern urban warehouse parks located in the Warsaw area.
βThis is another step in the systematic development of our warehouse portfolio in line with the investment strategy focused on urban logistics.β
To read the latest ΒιΆΉΣ³» Real Assets magazine click here.
