GARBE Industrial Real Estate Poland has entered a Polish market with an acquisition of a new flagship production and warehouse facility of Hubergroup located in Wroclaw. The parties have signed a Preliminary Purchase Agreement for a new 22,000 sqm of Build-to-Suit facility, on a 20-year term sale & leaseback transaction.
“We are pleased to secure our first transaction on the Polish market in such a core and well-established location. Together with Hubergroup, we have a long-term view of operating in Wroclaw and working together,” Martin Polák, Managing Director CEE at GARBE Industrial Real Estate, said.
Savills advised the vendor, Allen & Overy advised the purchaser in the transaction.
“This sale & leaseback transaction confirms that Poland is an attractive strategic location for operations, sales, and distribution,” Łukasz Fromiński, Associate Director, Investment at Savills, added.
Hubergroup is one of the world’s leading specialists in printing inks, coatings, and pressroom chemistry. The successful, family-owned enterprise with more than 255 years of experience and expertise, manufactures high-quality products for packaging, commercial, and news printing.