Poland

2017 July

Alchemia I sale: Alchemia I was sold to Deutsche Alternative Asset Management, a subsidiary of Deutsche Bank and one of the largest international real estate managers. Alchemia I was acquired in July 2015 and during the holding period Bluehouse added value by institutionalizing the asset in terms of its technical position, increasing the building’s occupancy and re-gearing existing leases with all tenants being retained.

2017 August

Panattoni Park, Poznań – Jaryszki, Poland: Bluehouse initiated the development of a modern class A multi-tenant logistics centre offering 86,871 sqm of warehouse space and 3,761 sqm of office space within the Poznan-Jaryszki logistics cluster. The industrial park is going to be constructed in 4 phases with the last phase to be completed in 2019. Phase 1 is currently 65% pre-leased. There is strong interest from tenants for the remaining space with leases being negotiated for approximately 30,000 sqm. Each phase is expected to achieve significant pre-let prior to and during construction.

Jaryszki – approximately 12km from Poznań is the fifth largest city in Poland, an important and upcoming industrial hub strategically located halfway between Berlin and Warsaw. The region has one of the lowest unemployment rates in Poland (1.8%), offering good quality infrastructure and business-related services.

 2017 September

Panattoni Park Warsaw North, Warsaw/Radzymin: Bluehouse initiated the development of a modern class A multi-tenant logistics centre offering 53,000 sqm of warehouse space and 3,000 sqm of office space to be built in Radzymin near Warsaw, one of the most sought-after destinations for logistics / industrial occupiers. The business plan is to develop the Warsaw North centre in two phases with the last phase to be completed in 2019.

Phase 1 is currently 45% pre-leased. There is strong interest from tenants for the remaining space. Each phase is expected to achieve significant pre-let prior to and during construction.

Radzymin is approximately 28 km from Warsaw, being the capital and the largest city in Poland, an important and established industrial hub strategically located in the centre of the country.

The area offers good quality infrastructure and business-related services being consistently ranked the most business-friendly city in Poland.

The Warsaw region is the biggest logistics market in Poland (35%). It is served by the A2 motorway (E-W) which is the main gateway for national and international inbound and outbound traffic. The A2 motorway connects with the Warsaw ring road, which grants access to the major airports and the city centre, as well as the S8 express road, which connects Western and Eastern Europe with the Baltic Countries, Belarus and Russia.