Immofinanz Sells Two Logistics Properties in Poland and the Czech Republic

Published: July 28, 2014; 17:48 · (Vindobona)

Immofinanz Group sold two logistics properties – the Bokserska Distribution Park in Warsaw and the Westpoint Distribution Park in Prague. Both transactions took place above book value, with the combined proceeds totalling approx. EUR 33.2 million. The Westpoint Distribution Park was sold to Central Group, a Czech investor, while the Bokserska Distribution Park was sold to “UK & European Investments“, a well-known family office from Great Britain.

Immofinanz Sells Two Logistics Properties in Poland and the Czech Republic / Picture: © Immofinanz Group / Press Photo

“These two transactions reflect our strategic exit from the logistics sector in Poland and the Czech Republic. Our investments in the Czech Republic are now concentrated in the retail and office asset classes. In Poland, we currently hold two other logistics properties that are designated for sale over the medium-term“, explains Eduard Zehetner, CEO of Immofinanz Group. “Our focus…

This article includes a total of 166 words.

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