New facility will address the need for quality industrial assets in strategic logistics location
Upon completion the building is expected to achieve BREEAM Excellent certification
The transaction marks Blackbrook’s second investment in Poland
London, 4th April 2022 – Blackbrook Capital (Blackbrook), a European independent real estate investment firm focusing mission-critical supply chain assets, today announced the funding for the development of a 45,000 sqm Class-A logistics facility in Western Poland.
Located in Poznan, one of the core logistics markets in Poland, the development is situated near key arterial routes and will help to serve both the Polish market and neighbouring German routes, and also the wider Western European trade networks. This specific region has the lowest vacancy rates of all the major logistics hubs in Poland with a significant supply and demand imbalance for top spec modern property, and experienced the highest take-up in logistics assets in the country in 2021, also among the highest in Europe.
The facility will boast state-of-the-art specifications including 12-meter clear heights, ample car and track parking, 5T floor loads, sprinkler systems and support cross docking. The flexible space will allow for a single net-lease occupier, or multiple occupiers, and cater to most third-party use. It will be available for occupation in Q4 2022.
This marks Blackbrook’s second transaction in Poland, following the acquisition of a nearby Class-A logistics facility in November 2020.
Jon Strang, Managing Director of Blackbrook said: “This is an exciting and rare opportunity for Blackbrook to secure a significant asset in an area that demonstrates compelling fundamentals as a strategic logistics hub. In recent years, the industrial market in Poland has seen significant development, with the Wielkopolska region being one of the major contributors. There is a huge supply demand imbalance in the area, and we look forward to bringing a fresh facility to the market equipped with a highly optimised layout and industry leading specifications.”
Arvi Luoma, Co-Founder & CEO of Blackbrook added: “This project perfectly aligns with our core strategy of investing in future-proof supply chain infrastructure to meet the growing demand across Europe. We look forward to continually expanding our portfolio with high quality assets, located along strategic logistics corridors, creating stock for the future of global eCommerce, and strengthening European supply chain resilience.”