European real estate fund GreyKite and Central European developer White Star Real Estate have set up a new €300 mln joint venture focused on logistics real estate.
To kick off this venture, GreyKite has acquired a logistics portfolio in Poland, consisting of three properties strategically located in Warsaw, Strykow, and Gliwice. White Star, who previously developed the properties, will continue to play a key role as both asset and property manager.
The 142,000 m2 portfolio boasts an occupancy rate of nearly 100%, spread across more than 40 tenants, with an average lease term of three years. These properties are situated in prime industrial and logistics hubs within Poland. Located in Warsaw, Strykow (near Lodz), and Gliwice (Upper Silesia), they are near major motorways.
Source: PropertyEU 12 Sep 2024