The joint venture between Polish industrial space developer Panattoni Europe and private equity real estate platform Bluehouse Capital has sold a newly-developed logistics facility near Warsaw.
Completed in November 2018 as a build-to-suit courier delivery distribution centre for DHL Parcel Polska, the newly-developed logistics facility is located at Radzymin, 30 kilometers from Warsaw city centre.
The joint venture divested the 8,500 square meters cross-docking facility to London-based real estate investment management firm Oxenwood Real Estate for 13.5 million euros ($15 million).
More so, Oxenwood was advised by CBRE Poland, Kochanski & Partners, KPMG and Paragon Consulting on the deal, whereas Panattoni Europe and Bluehouse Capital were advised by Kucharski & Partners and TPA.