CBRE ADVISES HINES GLOBAL REIT ON SALE
CBRE advises Hines global REIT on sale of
Prologis Park Sosnowiec
- 2012 set to be record year in terms of logistics investment transactions -
Warsaw, 30 October 2012
CBRE, the leading global property adviser, announced today that it acted as adviser on a key deal in the logistics sector. The transaction involved the acquisition of a prime logistics facility in one of the most important warehouse locations in the Upper Silesia region. CBRE acted on behalf of Hines Global REIT in their acquisition of Prologis Park Sosnowiec from Prologis European Holdings following on from their acquisition of a larger portfolio of 4 assets from Pro Logis earlier this year. The property totals 47,098 sq m.
Sean Doyle, Associate Director, Capital Markets at CBRE in Poland:
“Over the course of this year we have seen increased interest in prime logistics from a range of international investors. The completed transactions and other pending deals in the sector, likely to close before year end, mean that 2012 is expected to be a record year in terms of logistics transactions as a share of the total annual investment volume in Poland. This is due in large part to the strong fundamentals of the Polish economy, the improving logistics occupational market and the promising outlook for the future.”