Diamond Business Park Stryków, owned by the joint venture of GREYKITE European Real Estate Fund I and White Star Real Estate, has finalized further transactions with its key long-standing tenants. Konvertia Poland and Fresenius Kabi Polska have decided to continue their cooperation through lease renewals, with Fresenius Kabi also expanding its footprint in the asset. The total volume of the signed transactions, exceeding 34,400 sqm of warehouse, office and social space, confirms the stability of the property and its importance as a logistics and distribution hub in central Poland.
Decisions to enter into further long-term lease renewals with tenants that have been operating at Diamond Business Park Stryków for 18 and 14 years respectively clearly demonstrate the stability of the asset and the effectiveness of the adopted management model. Long-term tenant retention combined with expansion decisions confirms that the investment genuinely supports international companies planning their operational activities over a long-term horizon,
says Urszula Rasmussen, Head of Industrial Leasing at White Star Real Estate.
Konvertia Poland – continuation of a long-term partnership
Stryków is a key operational hub within Konvertia Group’s European network, supporting its customers across several countries simultaneously. Proximity to major transport routes and the logistics infrastructure of Diamond Business Park Stryków, supports our paper and cardboard converting operations, where timeliness and delivery reliability are of critical importance. The decision to continue our presence at DBP Stryków reflects our responsibility towards our customers, partners and the market, as well as our long-term development strategy in the region,
says Tero Karstikko, VP Operations at Konvertia Group.
Fresenius Kabi Polska – lease renewal and expansion
Diamond Business Park Stryków within the GREYKITE and White Star Real Estate joint venture structure
About White Star Real Estate
White Star Real Estate is a diversified real estate company whose core businesses include acquisition and development of properties, and provision of asset and property management services. The company has been present in the Central and Eastern European region since 1997, leading the completion of over 50 development projects and currently managing more than 100 buildings with over 2 million square meters. These properties include a large portfolio of landmark office buildings, as well as several warehouse, retail, leisure and residential developments. With offices in Poland, the Czech Republic, Hungary and Romania, White Star’s team of over 300 people is focused on providing clients with high quality, best of class, real estate asset management services, as well as sourcing and developing real estate opportunities in the CEE markets.