Garbe makes debut shed deal in Poland

Garbe Industrial Real Estate Poland has entered the Polish market with the acquisition of a new flagship production and warehouse facility located in Wroclaw from Hubergroup.

Financial details were not disclosed.

The 20-year term sale & leaseback deal comprises a 22,000 m2 build-to-suit facility, which Hubergroup will occupy.

Martin Polák, managing director CEE at Garbe Industrial Real Estate said: 'We are pleased to secure our first transaction in Poland in such a core and well established location. Together with Hubergroup we have a long term view for operating in Wroclaw and working together.'

Savills advised the vendor, while Allen & Overy advised the purchaser.

Lukasz Frominski, associate director, investment at Savills Poland said: 'This sale & leaseback transaction confirms that Poland is an attractive strategic location for operations, sales and distribution.'

Hubergroup is a 255-year-old family-owned enterprise specialising in printer inks, coatings and pressroom chemistry.

Garbe Industrial Real Estate Poland is part of Garbe Industrial Real Estate's family-owned and family-managed business located in Hamburg.


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