{"id":1004101845,"date":"2014-08-06T07:08:18","date_gmt":"2014-08-06T15:08:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004101845"},"modified":"2022-12-08T20:16:09","modified_gmt":"2022-12-09T04:16:09","slug":"immofinanz-sells-warsaw-prague-logistics-facilities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/","title":{"rendered":"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities"},"content":{"rendered":"
\"Westpoint,<\/a>

Westpoint, Prague<\/p><\/div>\n

By Balazs Szekely, Associate Editor<\/i><\/p>\n

Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague sold above book value to Czech and British private investors, respectively, for a total of $44.4 million. UK & European Investments acquired the Warsaw property, while the one in Prague was picked up by the Central Group.<\/p>\n

The seller, Immofinanz Group, is active in the development, management and cycle-optimized sale of sustainable and specially designed properties in premium locations in Austria, the Czech Republic, Germany, Hungary, Poland, Romania, Russia and Slovakia. Since its founding in 1990, the company has compiled a high-quality property portfolio with a carrying amount of approximately $9.9 billion.<\/p>\n

\"Bokserska,<\/a>

Bokserska, Warsaw<\/p><\/div>\n

Located in Warsaw\u2019s southern district of Mokot\u00f3w, Bokserska Distribution Park is strategically situated between the city center and the airport. The logistically cost-effective area near two of the main east-west arterial roads of southern Warsaw also includes office and post-industrial residential developments. Constructed in 2001, the building boasts more than 188,000 square feet of space and was fully rented at the time of the transaction.<\/p>\n

Built in the 1970s, the five main buildings at Westpoint Distribution Park in Prague have around 668,000 square feet of total warehouse, office and external space.\u00a0 Two of the larger logistics buildings are rented to multiple tenants; the three smaller ones are used by single tenants. The site benefits from two railway sidings with platforms, providing on-site rail distribution facilities linked to the national network. At approximately six miles west of the city center, its location also allows for a good connection to the airport, as well as the nearby traffic arteries.<\/p>\n

Immofinanz Group intends to focus on the retail and office markets of Poland and the Czech Republic in the future and plans to exit the logistics sector in the two countries, CEO Eduard Zehetner said in a recent written announcement. <\/i>“Our focus for the development of logistics properties lies on the core markets of Germany, Romania and Russia,” he added. The company\u2019s logistics portfolio includes two more Poland facilities, one in Warsaw just a few miles from Bokserska and one near the city of Cz\u0119stochowa.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague sold above book value to Czech and British private investors.<\/p>\n","protected":false},"author":755,"featured_media":1004101849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,16,21783,21742],"tags":[],"class_list":["post-1004101845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-international","category-investment","category-latest"],"acf":[],"yoast_head":"\nINTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities\" \/>\n<meta property=\"og:description\" content=\"Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague sold above book value to Czech and British private investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-06T15:08:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:16:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/westpoint-prague.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"470\" \/>\n\t<meta property=\"og:image:height\" content=\"280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Suzann D. Silverman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/\"},\"author\":{\"name\":\"Suzann D. Silverman\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c76ee9cae0414c33cc46212296dda6b9\"},\"headline\":\"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities\",\"datePublished\":\"2014-08-06T15:08:18+00:00\",\"dateModified\":\"2022-12-09T04:16:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/\"},\"wordCount\":373,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/westpoint-prague.jpg\",\"articleSection\":[\"Featured\",\"Industrial\",\"International\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/\",\"name\":\"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/westpoint-prague.jpg\",\"datePublished\":\"2014-08-06T15:08:18+00:00\",\"dateModified\":\"2022-12-09T04:16:09+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c76ee9cae0414c33cc46212296dda6b9\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/westpoint-prague.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/westpoint-prague.jpg\",\"width\":470,\"height\":280,\"caption\":\"Westpoint, Prague\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/immofinanz-sells-warsaw-prague-logistics-facilities\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c76ee9cae0414c33cc46212296dda6b9\",\"name\":\"Suzann D. Silverman\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/03\\\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/03\\\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/03\\\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96\",\"caption\":\"Suzann D. Silverman\"},\"description\":\"Suzann D. Silverman is editorial director of CPE. She has covered the commercial and multifamily real estate industry since 1995, becoming editor-in-chief of Commercial Property Executive (formerly Commercial Property News) in 1998 and editorial director of both CPE and Multi-Housing News in 2016. She is also a longtime board member of the National Association of Real Estate Editors, currently serving as vice president. You can reach her at suzann.silverman@cpe-mhn.com.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/suzann-d-silverman\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/","og_locale":"en_US","og_type":"article","og_title":"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities","og_description":"Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague sold above book value to Czech and British private investors.","og_url":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-08-06T15:08:18+00:00","article_modified_time":"2022-12-09T04:16:09+00:00","og_image":[{"width":470,"height":280,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/westpoint-prague.jpg","type":"image\/jpeg"}],"author":"Suzann D. Silverman","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/"},"author":{"name":"Suzann D. Silverman","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c76ee9cae0414c33cc46212296dda6b9"},"headline":"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities","datePublished":"2014-08-06T15:08:18+00:00","dateModified":"2022-12-09T04:16:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/"},"wordCount":373,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/westpoint-prague.jpg","articleSection":["Featured","Industrial","International","Investment","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/","url":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/","name":"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/westpoint-prague.jpg","datePublished":"2014-08-06T15:08:18+00:00","dateModified":"2022-12-09T04:16:09+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c76ee9cae0414c33cc46212296dda6b9"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/westpoint-prague.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/westpoint-prague.jpg","width":470,"height":280,"caption":"Westpoint, Prague"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/immofinanz-sells-warsaw-prague-logistics-facilities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c76ee9cae0414c33cc46212296dda6b9","name":"Suzann D. Silverman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96","caption":"Suzann D. Silverman"},"description":"Suzann D. Silverman is editorial director of CPE. She has covered the commercial and multifamily real estate industry since 1995, becoming editor-in-chief of Commercial Property Executive (formerly Commercial Property News) in 1998 and editorial director of both CPE and Multi-Housing News in 2016. She is also a longtime board member of the National Association of Real Estate Editors, currently serving as vice president. You can reach her at suzann.silverman@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/suzann-d-silverman\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/westpoint-prague.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004101845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/755"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004101845"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004101845\/revisions"}],"predecessor-version":[{"id":1004630120,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004101845\/revisions\/1004630120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004101849"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004101845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004101845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004101845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}