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Prologis acquires 50,000 sq m from Invesco

Prologis and Invesco Real Estate (IRE) today announce that Prologis European Properties Fund II (“PEPF II”) has acquired a high-quality logistics facility in Poland from IRE’s flagship pan-European open-ended strategy.

Renamed Prologis Park Stryków II, the facility comprises 50,000 square metres and is 100-percent leased to Castorama. It is located 18 kilometres southwest of Łódź city centre and 2 kilometres from the intersection of the A1/E75 highway (Gdansk-Vienna) and the A2/E30 highway (Berlin).

The transaction follows the first acquisition by PEPF II from Invesco Real Estate of two logistics facilities in Poland and Hungary, totaling 94,200 square metres, in July.

“This acquisition is a unique opportunity to purchase a premium-quality asset,” said Ben Bannatyne, managing director, Prologis Central and Eastern Europe. “This facility complements PEPF II’s existing portfolio and meets rising demand for well-located logistics infrastructure in Poland.”

Invesco Real Estate was represented by Colliers International, who was retained to market the property for sale and Norton Rose Fulbright, who was the legal advisor.

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