Warsaw – Panattoni Europe and Standard Life Investments have announced the sale of five projects in Poland, totalling 170,000 square meters of industrial space. The buildings were sold to European Property Investors Special Opportunities, L.P. (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners. The transaction is valued at €91 million.
Panattoni Europe and Standard Life Investments, have successfully sold five buildings located in Lodz, Pruszkow and Poznan. All warehouse facilities are fully leased to a tenant mix of 18 logistics, light production & FMCG companies. The projects were developed in 2007-2008 and have become a valuable asset for AEW Europe/Tristan Fund due to their core location, institutional quality and commercial success. The assets were sold for €91 million.
Robert Dobrzycki, Managing Partner for Central Europe at Panattoni Europe comments, “The Polish real estate market is recently becoming an increasingly interesting place for foreign international real estate investment funds. Together, with Standard Life Investments, we have delivered a stable portfolio of strategically located projects despite the recent tough times. We believe in the strength of our investments and are pleased that the EPISO fund has acknowledged its value. We are also proud that AEW Europe/Tristan has selected Panattoni Europe as their property and asset manager based on our quality of service and reputation in the Polish logistics market.”
Warsaw – Panattoni Europe and Standard Life Investments have announced the sale of five projects in Poland, totalling 170,000 square meters of industrial space. The buildings were sold to European Property Investors Special Opportunities, L.P. (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners. The transaction is valued at €91 million. 
