10 November 2014
Deals | Poland - Real Estate
The Real Estate legal team at Gide advised P3, a specialist owner, developer and manager of European logistics properties, on an investment involving the creation of a production and storage facility for the furniture company Sofa.com in P3 Park Poznań. The building was opened on 1 September.
Gide represented P3 in the lease negotiations for production and storage space in P3 Park Poznań with British furniture dealer Sofa.com, operating in Poland through their subsidiary Zaparoh, as well as in negotiations with the general contractor, Goldbeck.
The transaction involved the construction and leasing of a newly built development with a total area of 11.2 thousand sq.m., including 4.3 thousand sq.m. of production space, 6.2 thousand sq.m. of warehousing and 665 sq.m. of office space. The lease agreement was a BTS (build-to-suit), i.e. an investment planned and built for a specific tenant.
The tenant, Zaparoh, is owned by the online distributor of high-quality furniture Sofa.com, which supplies products throughout Western Europe and the United States.
"We are very pleased with the results of this investment. In just four months, a modern factory is already up and running, and can ultimately create some 160 jobs. We are pleased that our team was able to be a part of this project", commented Marcin Muszel, the partner in charge of the project. The Gide team also comprised Błażej Czwarnok and Sebastian Wiśniewski.
Acting for the tenant was Maciej Żukiel of Kancelaria Adwokacka Żukiel in Poznań.