Vestas Asset Management said on the 4th that it will acquire a newly built logistics center located in the Katowice area of Poland for about 216 billion won.
This investment in the Poland logistics center was carried out through collaboration with domestic policy finance institutions and logistics corporations, including the Korea Overseas Infrastructure & Urban Development Corporation (KIND), LX Pantos, PIS No. 2 Fund, and the Korea Ocean Business Corporation (KOBC). Based on this, Vestas Asset Management plans to build a new strategic investment platform.
The asset is a newly built, single-story logistics center with a total floor area of 108,977 square meters. Katowice, where the logistics center is located, is an industrial hub in southern Poland adjacent to major manufacturing countries such as Germany, the Czech Republic, and Slovakia. It has secured global retail companies and third-party logistics (3PL) firms as tenants, establishing a stable revenue base.
Vestas Asset Management said it decided on this investment by focusing on the superior logistics infrastructure and growing domestic demand in Central and Eastern Europe (CEE). In particular, Poland is evaluated as a logistics hub in Europe due to its high accessibility to European consumer markets and its low expense structure.
Vestas Asset Management has carried out a total of 19 logistics center investments in the European market. It plans to continue expanding investments in logistics assets across Europe to respond to structural demand growth driven by global supply chain reorganization and the growth of the e-commerce market.
Recently, the European commercial real estate market has been subdued due to interest rate hikes and other factors. However, the logistics sector has maintained a solid trend compared with offices, supported by the expansion of e-commerce and reshoring demand.
A Vestas Asset Management representative said, "The European logistics sector is an asset class capable of defending value amid market volatility, based on stable tenant demand and solid investment fundamentals," adding, "With this investment as a starting point, we will actively identify investment opportunities in undervalued, high-quality logistics assets across Europe."