Accelerate to buy portfolio of five industrial properties in Poland
‘This portfolio complements our offshore strategy to invest in long-term single-tenant net leased properties,’ says JSE-listed real estate investment trust
Accelerate Property Fund, the JSE-listed real estate investment trust with significant exposure in Fourways, has announced it will acquire a portfolio of five single-tenanted, long-lease, light industrial properties in Poland for €41.9m.The portfolio comprises warehouse and logistics facilities which are either newly constructed or were recently developed by Panattoni Development Company, an international real estate developer specialising in industrial real estate and warehouses in Europe and the US.The properties had strong locations with good road access and visibility, and were situated in strategic manufacturing nodes within Poland, said Accelerate."We are very excited about this acquisition of five new, high-quality, light industrial assets in Poland, the largest economy in Central and Eastern Europe."This portfolio complements our current bespoke offshore strategy to invest in long-term single-tenant net leased properties that are strategic to blue-chip multinational or large...
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