Europa Capital, the pan-European real estate investment manager, in partnership with White Star Real Estate, announces the launch of the Central European Logistics Platform (the “Platform”) on behalf of its latest value add fund, Europa Fund VI (the “Fund”), acquiring a prime 15.0 hectares site on which it will fund the development of park22, an urban logistics park in Budapest, Hungary.
The Platform, which has a target GAV of €150 million, will target standing logistics and urban warehousing assets and ground up development opportunities in strong locations.
The phased development of park22 will deliver a total of 61,400 sq m of Grade A logistics space across six units ranging from 6,452 sq m to 15,081 sq m, as well as office space, car parking and an extensive landscaped green area. Amenities will also include 24-hour security and access control and bicycle storage.
You can now read the full press release at the link below
