Kajima Properties Europe has completed the sale of 33,000 sqm logistics park Rzeszów, southeastern Poland, to industrial property investor Accolade and Czech investment manager Conseq. The transaction brings the total logistics disposals in the last 12 months to over €200m.
The property is located north of Rzeszów, adjacent to the international airport, and is served by major transport routes connecting eastern and western Poland. Following the initial acquisition of the site in 2021, KPE invested in developing a state-of-the-art logistics facility, comprising over 33,000 sqm of warehouse space. The asset holds the BREEAM “Excellent” certification, with further green investments planned, including the installation of PV panels, subject to the buyer’s preference.
Completed in 2022, the property is leased to a diverse, blue-chip tenant base, including logistics, e-commerce and manufacturing companies, as well as public institutions.
Three other divestments under KPE’s logistics strategy within the past year include:
- A 45,000 sq m logistics facility in Zabrze, Poland
- A 40,000 sq m logistics facility near Rotterdam, Netherlands
- A 65,000 sq m BREEAM-certified logistics facility in Zgorzelec, Poland
Since launching in 2016, KPE has delivered over 30 logistics assets, representing over 1.5m sqm of warehousing space, with a total GDV in excess of €1.5bn. Rzeszów Airport is KPE’s 11th divestment in Poland and, more widely, its 19th for the business.
Lucas Kester, Senior Investment Manager, KPE, said: “Our latest disposal allows us to recycle capital into compelling opportunities in new markets while adding to our unbroken track record of delivering strong risk-adjusted returns through development. Our strategy remains to develop high-quality, sustainable, and well-located logistics assets across our core target locations in Europe and the UK. At both the occupier and capital markets levels, we are seeing increasing demand for facilities with strong environmental credentials, which has been key to our asset management strategy since the platform’s inception in 2016.”
