21 November 2023
16 February 2022 - A joint venture (“JV”) between Partners Group, a leading global private markets firm, acting on behalf of its clients (“Partners Group”), and investment manager Peakside Capital Advisors AG (“Peakside”) with a group of additional third-party co-investors has acquired a portfolio of warehouse properties. The purchase price is not being disclosed.
The portfolio is located in and around Warsaw and will represent approx. 150,000 sq.m. of modern logistics space once repositioned. The JV is planning to refurbish and redevelop the properties to create high-quality, efficient logistics and warehouse space with robust ESG credentials. The facilities are ideally located to serve the needs of occupiers from the e-commerce sector, which is underpinned by strong structural tailwinds. The JV aims to grow the new platform by acquiring further logistics assets for sustainable (re-)development.
Rahul Ghai, Managing Director and Co-Head Private Real Estate Europe at Partners Group, said: “We see a strong thematic investing opportunity in Polish warehouse properties, which is underpinned by the growing demand for urban logistics assets serving e-commerce that facilitate the delivery of smaller and more fragmented orders with shorter delivery times."
Lucas Krupp, Private Real EstateEurope at Partners Group, adds: "We look forward to working on our value creation plan, which will focus on raising sustainability standards across the portfolio. We also continue to monitor for further investments in the logistics space across the CEE region.”
Roman Skowroński, Managing Director of Peakside Capital Advisors in Poland, said: “Some time ago, we made the decision to expand our business model in Poland, setting out to build a portfolio of warehouse and industrial properties. The acquisition of this portfolio marks our first step into the broader industrial market in Poland to complement our other activities in Europe.”
Once redeveloped, partly densified and upgraded, the three sites will have a total GLA of nearly 150,000 sq.m. The assets will be rebranded and include:
Peakside will be responsible for the asset management and development of the properties.
Construction work on the City Point Targówek is about to start. The existing buildings will be demolished to create a modern, highly sustainable, multi-tenant logistics park. All new facilities are to receive BREEAM excellent certifications. The park is located only 9 km from Warsaw’s city centre, making it a destination of choice for parcel service providers and other occupiers seeking urban logistics space. It will feature small business units, space to accommodate light production, built-to-suit facilities and modern office space. The park will be re-developed over several stages to offer 90,000 sq.m. of space upon completion.
Works to refurbish the existing buildings at Logistics Point Piaseczno and Logistics Point Raszyn are slated for a later date. Logistics Point Raszyn offers two warehouses with a combined GLA of 31,000 sq.m. It is conveniently located near an exit of the S8 expressway, just 15 km south-west of Warsaw city centre. Logistics Point Piaseczno will be expanded to provide 25,000 sq.m. of GLA in two facilities. The park is located close to national road 79 and the Nowa Iwiczna railway station, only 16 km south from the capital’s centre.
In the transaction, the JV was advised by lawyers Marta Bijak-Haiduk, Jan Bagatela, Konrad Bisiorek, Dominik Górski and Dominika Sulak-Seyfried. Other advisory services were provided by Deloitte, Gleeds and JLL.
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About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 127 billion in assets under management as of 31 December 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).
For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter
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About Peakside Capital Advisors
Peakside Capital Advisors AG is a European investment manager. The private-equity company manages assets worth over EUR 1.4 billion on behalf of institutional investors. Peakside implements differentiated investment strategies tailored to specific investor needs, ranging from core to value-add and opportunistic investments in commercial and residential assets and has in total acquired assets worth EUR 4.1 billion. Peakside’s investment spectrum includes single properties, developments as well as portfolios, distressed debt and real estate operating companies. The firm employs a team of more than 30 professionals in its offices in Frankfurt, Zug, Warsaw, Prague and Luxembourg.
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