Satoia investing in central Poland: acquisition of 10 hectares of land in Wolbórz.
Satoia S.A. continues to expand its investment portfolio. The company has acquired from CPD S.A. 10 hectares of land in Wolbórz, located near the Auchan transshipment center and adjacent to the S8 expressway, with potential for warehouse development covering an area of approximately 43,000 square meters.
Avison Young investment team advised in the purchase, while PwC provided legal advisory. Satoia S.A. purchased the plot along with complete documentation prepared by Kwadrat, which will expedite the development process.
Satoia is about to complete its flagship investment, Wrocław West, in Kąty Wrocławskie, near the A4 motorway. The developers are currently in the preparation phase for the construction of a warehouse-logistics park with social and office facilities, with a total area of approximately 390,000 square meters.
"We believe in the potential of our business and anticipate that within a year, well-located plots with final building permits will be in high demand. We see a gap in the construction market, while the demand for property rental remains high. Particularly attractive are areas where rental can commence within 6 months of signing the agreement. We see enormous investment opportunities, especially in properties with environmental approvals and construction permits, as in the case of Wolbórz." - says Marcin Tadeusz Ochyra, President of Satoia S.A.
"The year 2023, from the perspective of warehouse developers, is characterized by very deliberate land acquisitions. With the continually rising costs of financing, changing construction costs, and pressure from investors for price reductions in the market for ready-made warehouses, the land market is experiencing cumulative pressure. Currently, the most attractive plots are those that are best located and have building permits, allowing for rapid commencement of construction work. This is precisely the case with the land in Wolbórz." - comments Marcin Purgal, Senior Director, Investment at Avison Young.
Satoia is currently working on dozens of hectares of land, and plans for the second half of 2023 involve the purchase or signing of conditional agreements for several hundred hectares.
Through strategic land acquisitions and the development of existing projects, Satoia S.A. is strengthening its position in the real estate investment market. The company continues to expand and consistently pursue its business goals. It is expanding its team with effective and experienced professionals and is open to cooperation with intermediaries and international real estate agencies.
Satoia S.A.
The company searches and analyzes optimal locations for its clients' businesses. It collaborates at all stages of the investment process, managing the project from finding the land and coordinating agreements with sellers to obtaining the necessary legally binding decisions enabling construction to commence, up until the final stage of building the facilities.
Satoia S.A.'s portfolio includes properties with the possibility of immediate commencement of construction for large-scale facilities.
Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Headquartered in Toronto, Canada, Avison Young is a collaborative firm owned and operated by its principals. In the Central Eastern Europe and South Eastern Europe the firm is operating in Bulgaria, Czech Republic, Hungary, Poland, Slovakia and Romania, offering a broad range of consultancy services. In the Polish commercial real estate market, Avison Young is providing professional consultancy services such as office agency, investment advisory, valuation consultancy, technical advisory and project management.
