Launch of City Point Targówek redevelopment phase one
informacje

Launch of City Point Targówek redevelopment phase one

Demolition works are now beginning on the site of the City Point Targówek redevelopment project. The existing buildings will be removed and replaced with a modern multi-tenant logistics complex, meeting superior standards in sustainability. Once completed, the park will offer nearly 100,000 sq m of modern warehousing and office space. The first completed buildings will be delivered to tenants in the third quarter of 2023.

The redevelopment project will be carried out in line with principles of sustainability, using materials recovered during the demolition works. The new buildings of City Point Targówek are expected to be BREEAM-certified as Excellent and LEED Gold. The park has also been designed to feature a number of pro-environmental solutions such as a district heating connection, which fits in with the policy of sustainability, as well as solar PV panels, electric vehicle chargers, bike shelters and insect hotels.

Given its close proximity to the city centre, City Point Targówek is an ideal location for courier service providers, online retailers and other tenants looking for urban logistics sites and for industrial and warehousing space of the small business units type. It will offer a mix of small and large business units, space designed to accommodate light manufacturing operations, built-to-suit facilities for specific tenants and modern office areas. The redevelopment project in Warsaw’s district of Targówek will be completed in stages, ultimately offering nearly 100,000 sq m of quality space.

Comment by Roman Skowroński, managing director of Peakside Capital Advisors in Poland: “The redevelopment of City Point Targówek is to deliver to the market a state-of-the-art combined office and warehousing space meeting the highest ESG standards. Our purpose is to closely align logistics facilities in this prime location with the needs of tenants looking for modern, urban warehouses”.

City Point Targówek is a functioning logistics park, whose existing operations will be continued based a tenant relocation plan depending on space occupied. It is a constituent part of the portfolio of logistics properties purchased by Partners Group and Peakside Capital Advisors as a joint venture. In addition to the Targówek investment, the portfolio consists of two additional warehouse parks: Logistics Point Raszyn and Logistics Point Piaseczno. Once the upgrade project is completed, all facilities within the complex will supply a total of about 150,000 sq m of state-of-the-art logistics space to the market.

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Peakside Capital Advisors is a European investment manager. The private-equity company manages assets worth ca. EUR 1.4 billion on behalf of institutional investors. Peakside implements differentiated investment strategies tailored to specific investor needs, ranging from core to value-add and opportunistic investments in commercial and residential assets. Peakside’s investment spectrum includes single properties, developments as well as portfolios, distressed debt and real estate operating companies. The firm employs a team of more than 30 professionals in its offices in Warsaw, Prague, Frankfurt, Zug and Luxembourg.

www.peakside.com

Contact:
Tauber Public Relations | Anna Siwek | 664 926 910 | [email protected]

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