GARBE Industrial Real Estate makes first acquisition in Poland

GARBE Industrial Real Estate Poland has entered the Polish market with the acquisition of a new flagship production and warehouse facility, located in Wroclaw, from Hubergroup.

The parties have signed a Preliminary Purchase Agreement for a new 22,000 sq m Build-to-Suit facility, as part of a 20-year term sale & leaseback transaction.

“We are pleased to secure our first transaction in Poland in such a core and well established location. Together with Hubergroup we have a long term view for operating in Wroclaw and working together,” says Martin Polák, Managing Director CEE at GARBE Industrial Real Estate.

Savills advised the vendor, Allen & Overy advised the purchaser.

“This sale & leaseback transaction confirms that Poland is an attractive strategic location for operations, sales and distribution,” says Łukasz Fromiński, Associate Director, Investment at Savills Poland.

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