We worked on the acquisition of the largest distribution and industrial facility of its kind in Warsaw

Working closely with our client Teesland iOG, we played an important role in their acquisition of City Point Park in Warsaw from Europa Capital for €71.6m, reflecting an initial yield of 6.46%.

Only 6km from the centre of Warsaw, City Point totals 1,313,197 sq ft and is the largest multi-let distribution and industrial facility in Warsaw, making up more than 20% of the modern warehouse stock in the city. 95% of the City Point units are already let to over 100 tenants, including Colgate Palmolive, Saturn Planet, PZU and UPS. City Point is attractive to both SMEs and larger companies because of the wide range of unit sizes available. It also offers excellent modern office space.

Teesland iOG, which is now part of the Valad Property Group, will place the acquisition in its Central European Industrial Fund (CEIF), managed by Morley. City Point has terrific growth potential, plus the potential for asset management services. Further development is also a possibility.

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