As a result of the purchase of the industrial park, logistics assets now make up 10 pct of the fund's portfolio. The seller is a joint venture between Panattoni and Central European investment group Bluehouse Capital.
According to a statement by Reico IS ČS: “The Polish logistics market is undergoing enormous growth. By expanding to this attractive market sectoral and regional diversification, which is the core of conservative real estate allocation.”
Panattoni Park Tychy DC1, which has a leasable area of 54,000 sqm, is situated 2 km from the A44 motorway to the east of Tychy and about 24 km south of Katowice.
Reico investiční společnost České spořitelny was founded in Prague in 2006, as a 100% subsidiary of Česká spořitelna, itself part of the Austrian banking group Erste.