TEL Real Estate Developer (TEL RED) closed a complex transaction divesting its Kalisz Park, including about 20k sqm of logistic and light industrial spaces. The logistic part of the portfolio was acquired by MNK Partners, the industrial one by Konveyor.
The TEL RED Kalisz Park is a multi-purpose portfolio of assets based in the central city of Kalisz. The building complex, whose construction terminated in early 2022, includes logistic and light industrial assets, counting about 20k sqm in total, fully rented to primary multinational companies.
At the beginning of February 2023, TEL RED closed a complex transaction divesting the Kalisz Park to a pool of investors focusing on different asset classes. The logistic part of the portfolio, leased to one of the global logistic leaders, represented by iconic assets with very innovative shapes, was acquired by MNK Partners, a primary pan-European Private Equity Fund, headquartered in Paris and focused on commercial real estate assets in Poland and other strategic European markets. The buyer of the industrial space is Konveyor, a multinational manufacturing company, headquartered in Istanbul, leading supplier of fluid-carrying components for appliances and automotive industries globally.
In this transaction TEL RED has been assisted by a pool of primary real estate advisors as Wojciech Koczara and Julia Łysik from DZP for the legal aspect, Renata Osiecka, Grzegorz Chmielak and Joanna Lewandowska from AXI IMMO Group for the commercial aspect and Fabrizio Bosetti from BGC Group.
This transaction further consolidates the TEL RED positioning as reference partner for the main international logistic players within the niche of small & medium size buildings in Tier-2 cities and it furtherly boosts its future growth – says Domenico Sibilio, CEO and owner of TEL Real Estate Developer.
With this transaction the company furtherly consolidates its partnership with the key international Private Equity Funds focused on Polish logistic assets – says Grzegorz Szczyrek, General Manager of TEL RED in Poland.
TEL Real Estate Developer is a real estate investment company that mainly operates as a developer of logistic parks in Poland and Italy to be long leased to leading multinational logistic companies entering or expanding their presence on these markets. The current TEL RED value proposition is based on the following strategic pillars: developing “logistic last mile” assets – small & medium size assets, located in Tier-2 cities, through Built-to-suit (BTS) investments, so designed on the basis the specific needs of the global logistic companies. The company is active on the polish market since 2004 and since 2012 started to focus on logistic and light industrial.
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