Savills IM acquires Łódź logistics unit for Korean investors

Savills Investment Management, on behalf of Korean institutional investors managed by Vestas Investment Management, has acquired a BTS logistics facility in Piątek, near Łódź. The seller is Invesco Real Estate. The cost of the deal was €71m. The investment was developed by Panattoni Europe and offers 123,000 sqm. During the transaction process, Savills IM was represented by Savills and Dentons, while Invesco Real Estate was represented by Greenberg Traurig. This latest acquisition brings the value of Vestas IM’s European logistics assets under management to approximately €1bn, of which €470m is in partnership with Savills IM.

Foto.: Kajima Poland