Kajima completes over €200m in logistics disposals in Europe

Kajima Properties Europe (KPE), Kajima's pan-European development and investment management arm, has sold a 33,000 m2 BREEAM "Excellent" certified logistics park in Rzeszów, southeastern Poland

Rzeszow Airport logistics

The buyer is industrial property investor Accolade and Czech investment manager Conseq. 
This transaction brings KPE's total logistics disposals over the past year to more than €200 mln.
The Rzeszów logistics park, completed in 2022, is strategically located north of the city, adjacent to the international airport, and offers access to major transport routes like the A4 motorway and S19 expressway, connecting eastern and western Poland. It is fully leased to a diverse mix of blue-chip tenants, including logistics, e-commerce, manufacturing companies, and public institutions. KPE acquired the site in 2021 and invested in developing this state-of-the-art facility, with further green investments like PV panel installation being considered.
This sale marks the 19th divestment for KPE's logistics strategy, which focuses on development and value-add opportunities across core European logistics markets. Over the last year, KPE has completed three other significant logistics divestments totalling over 240,000 m2 of Grade A space: a 45,000 m2 facility in Zabrze, Poland, to Generali Group; a 40,000 m2 facility near Rotterdam to MEAG; and a 65,000 m2 BREEAM-certified facility in Zgorzelec, Poland, to Arete Investment Group.
Since its launch in 2016, KPE has developed over 30 logistics assets, encompassing more than 1.5 mln m2 of warehousing space, with a total Gross Development Value exceeding €1.5 bn. The latest announcement is KPE's 11th divestment in Poland and its 19th overall for the logistics strategy.
Lucas Kester, senior investment manager, KPE, said: “Our latest disposal allows us to recycle capital into compelling opportunities in new markets while adding to our unbroken track record of delivering strong risk-adjusted returns through development. Our strategy remains to develop high-quality, sustainable, and well-located logistics assets across our core target locations in Europe and the UK. At both the occupier and capital markets levels, we are seeing increasing demand for facilities with strong environmental credentials, which has been key to our asset management strategy since the platform’s inception in 2016.”
Jakub Leszczyński, transaction director, Accolade in Poland, said: “Rzeszów is one of the Polish cities that has offered the most to industrial investors and occupiers in recent years. Its well-developed road, air and rail infrastructure, access to skilled labour and strategic location on the planned Via Carpatia route make the region one of the emerging logistics hubs in Central and Eastern Europe. This is confirmed by Rzeszów’s strong fourth place in our ranking ‘Medium-Sized Cities – Great Investment Potential’, which highlights the most promising Polish mid-sized cities for warehouse and logistics development.”