Altamira Asset Management Portugal, in Partnership with AXI IMMO, Sells Assets in Poland

21 January 2021 – Ana Custódio

Altamira Asset Management Portugal announced in a statement that it had finalised the process of selling assets in Poland in conjunction with the Polish real estate consulting group AXI IMMO, to a major international investor focused on developing logistics assets. The amount of the sale has yet to be disclosed.

The Portuguese credit and real estate asset manager, together with AXI IMMO, represented Tiner Polska, whereby the latter sold a warehouse and adjoining land for expansion. The assets consist of a 20,000 square meter warehouse and almost 16 hectares of land in Pietrzykowice, near Wrocław, Poland. Wrocław is one of the most important distribution and production centres serving Western Europe and Poland’s fourth-largest logistics region.

According to Eduardo Cerqueira, CEO of Altamira Asset Management Portugal, “this transaction signified an unprecedented challenge in terms of representing a client, in this case, Tiner Polska. This was possible due to the cooperation and efforts of all parties involved in this process over the past months. It was an important operation for the group, and we are pleased with the successful outcome and therefore, hopeful concerning the potential of future operations.”

Translation: Richard Turner