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PHN, Menard Doswell & Co., Hillwood Europe Team Up

Menard Doswell & Co. and Hillwood Europe have teamed up with the Polish Real Estate Holding PHN to develop Parzniew Logistics Hub. The 95,000 sqm complex is set to go up in the town of Brwiny, near Pruszków, with direct connections to Poland’s A2 motorway. The joint venture agreement will be signed as soon as the companies meet all legal conditions. The project will be delivered in four phases, with completion set for 2021.

“Parzniew Logistics Hub will be one of the first development projects for us on the Polish market which is in line with our long-term strategy in Europe,” said John Thomas, president of Hillwood Europe. “Our success on the American warehouse market have encouraged us to expand in Europe, within which Poland plays an important role.”

“Due to the highly attractive location of the project we’ve been looking for international partners for this investment. The scheme has attracted many investors in its initial stage, and we’re confident about the decision we took while selecting our partners,” said Artur Lebiedziński, chairman of PHN.

 

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