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Announced

Completed

P3 Logistic Parks completed the acquisition of two logistics parks located in Szczecin and Łódź from developer 7R.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

Storage Terminals

Acquisition

logistics park

Friendly

Poland

Private

Single Bidder

Domestic

Synopsis

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P3 Logistic Parks, a long-term owner, developer and manager of European logistics properties, completed the acquisition of two logistics parks located in Szczecin and Łódź from developer 7R, a developer operating in the logistic and industrial sector. Financial terms were not disclosed. “We are continuing our strategy of diversifying our properties in all of Poland’s key markets, in order to respond quickly to our customers’ needs. The asset in Szczecin strengthens our position in the north of the country, where before now we were present in Gdańsk. Meanwhile, the purchase in Łódź is a perfect complement to our portfolio, not only in that city, but also more broadly in central Poland," Bartłomiej Hofman, P3 Logistic Parks Poland Managing Director.

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