GARBE Industrial Real Estate Poland has entered a Polish market with an acquisition of a new flagship production and warehouse facility of Hubergroup located in Wroclaw. The parties have signed a Preliminary Purchase Agreement for a new 22,000 sq m Build-to-Suit facility, on a 20 year term sale & leaseback transaction.
“We are pleased to secure our first transaction on the Polish market in such a core and well established location. Together with Hubergroup we have long term view at 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 in the transaction.
“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.
Hubergroup is one of the world’s leading specialists for printing inks, coatings and press room chemistry. The successful, family-owned enterprise with more than 255 years of experience and expertise, manufactures high-quality products for packaging, commercial and news printing.
GARBE Industrial Real Estate Poland is a part of GARBE Industrial Real Estate GmbH family-owned and family-managed business located in Hamburg. For more than 30 years, GARBE Industrial Real Estate GmbH has been developing, purchasing, leasing, managing and financing high-quality logistics and corporate real estate in attractive transport and industrial locations. So far, GARBE has focused mainly on logistics real estate in the four Western European markets of Germany, the Netherlands, France and Austria. The plans for Central and Eastern Europe (CEE) will initially focus on Poland, the Czech Republic and Slovakia.
GARBE has consistently expanded its European activities in recent years. In addition to Central Europe, the company is reinforcing its position in France, Italy and Luxemburg.
