Deka Immobilien has announced the disposal of two logistics parks in southern Poland, completing a sale to Hillwood valued at approximately 100 Mio. Euros. The transaction covers the Tychy and Bieruń assets held within the open-ended real estate fund WestInvest InterSelect, and reflects a strategic move to rebalance the fund’s European portfolio.

The sites, both located in the Katowice region, were acquired as a combined portfolio in 2015. During the holding period, the fund supported significant development and expansion to meet tenant needs and leverage demand for modern logistics space in Poland. The parks benefited from sustained occupational performance and above-average rental returns over the decade.

In Bieruń, lettable space increased dramatically from 17,639 square metres to roughly 56,000 square metres following expansions in 2017 and 2019. The scheme now includes approximately 3,500 square metres of office space and 406 parking spaces. The property is let to AutoPartner S.A. on a long-term agreement, providing stable income for the fund throughout ownership.

The neighbouring Tychy facility also underwent upgrades, with an additional 6,300 square metres added to bring total space to 97,000 square metres. The multi-tenant site offers 818 parking spaces and has served as a key logistics base in the region.

Both assets are positioned near major transport corridors, including the A4 motorway linking Dresden, Wrocław and Kraków, and the S1 expressway connecting Warsaw and Łódź with the Czech Republic and Slovakia. This connectivity has helped maintain strong demand and operational resilience.

Deka Immobilien stated that after a holding period of roughly ten years, conditions were favourable to execute the sale and further optimise the fund’s asset mix. The proceeds will be used to support new investment activity, including recent acquisitions in Switzerland and Italy.

Recent transactions saw the fund acquire a distribution hub in the canton of Ticino under a long-term lease to a leading logistics operator, while near Milan the fund secured the MXP3 logistics property in one of Southern Europe’s most established logistics clusters.

The sale to Hillwood reinforces continued investor interest in high-quality logistics assets across Central and Eastern Europe, driven by demand for modern warehousing capacity and efficient transport links.