Logicor appoints C&W to manage CEE logistics property portfolio

Logicor appoints C&W to manage CEE logistics property portfolio
Photo: Courtesy of Cushman & Wakefield’

Global real estate services firm Cushman & Wakefield has been appointed by Logicor to manage a portfolio totaling more than 18 million square feet (1.7 million square metres) of logistics real estate across dozens of sites in Central & Eastern Europe (CEE).

Strategically located along busy trade routes in Poland, Hungary, Romania, the Czech Republic and Slovakia, the portfolio – comprising 47 logistics parks Logicor owns and operates in CEE – will be managed by Cushman & Wakefield’s EMEA Asset Services business.

The portfolio includes 33 logistics parks in Poland, located in Warsaw suburbs, Central Poland, Wrocław, Silesia, Kraków, Rzeszów and Poznań. A further eight logistics parks are in Hungary, four properties in Romania, one in the Czech Republic and one in Slovakia.

The Logicor account will be led by Zuzanna Paciorkiewicz, Cushman & Wakefield’s Head of Operations for Asset Services Poland, who will oversee teams based in Warsaw, Budapest, Prague and Bucharest as well as those on site.

“Logicor has one of the largest directly-owned networks of logistics real estate in Europe and we are proud to be entrusted with managing a significant proportion of it in the CEE region,” said Paciorkiewicz.

READ ALSO : European logistics yield falls, retail and office remains flat

“Our value-adding Asset Services platform is focused on driving operational excellence, innovation and exceptional outcomes for our investor clients,” said Tina Reuter, Co-Head of EMEA Asset Services, Cushman & Wakefield. “We look forward to working with Logicor to deliver active and sophisticated management on this significant cross-border logistics portfolio.”