Corees Polska as an advisor in the sale of industrial and warehouse real estate

Corees Polska carried out the process of valuation and sale of industrial and warehouse real estate in Bielsko-Biała, belonging to the portfolio of its client – a leading global technology company ABB.
The amount of the real estate sale transaction, as well as the buyer himself, are confidential at the moment. The buyer was represented in the process by attorney Grzegorz Pacek, partner at the law firm Marek Płonka i Wspólnicy Sp. K.

ABB is a leading global technology company that drives the transformation of economies and societies, building their future efficiently and sustainably. Integrating electrification, robotics, automation, and drive systems products with digital solutions sets new technology standards. The company employs approximately 110 thousand employees in over 100 countries. ABB conducts a full range of business activities in Poland, hiring more than 5,000 people.

As we wanted to finalize the transaction by the end of 2021, the broker was subject to a lot of time pressure. Despite this, the entire process was carried out very efficiently and with the utmost care – says Janusz Machnicki, Real Estate Director at Hub Polska, ABB Sp. z o.o.

– As part of cooperation with ABB, Corees prepared the property for sale by preparing an information package sent to a group of selected investors. During the marketing of the property, inspections were made with potential buyers, technical parameters, availability of power to the building, technical and legal condition were verified. After the bid, ABB began the sale of the property to the highest bidder and thanks to cooperation with Corees, an efficient transfer of ownership, securing the continuity of utilities and transfer of utilities was carried out to the new owner. Corees supported ABB and the new buyer at all stages of the process as well as provided after-sales support – sums up Łukasz Nelken-Żbik, RICS, Head of Valuation at Corees Polska. 

Corees Polska provides real estate leasing and investment services. In particular, the Valuation Department specializes in the valuation of all types of commercial real estate for the purposes of bank financing, purchase / sale, accounting or other, at the client’s individual request. In addition, complex valuations of land easements and cost valuations of buildings, equipment and other complex real estate are prepared. Both individual and portfolio valuations are done in accordance with Polish and international valuation standards. Corees prepares real estate for sale by completing the necessary commercial, technical and legal documentation, conducts the investment process, advising the buyer / seller at every stage and providing information to interested entities during the due diligence.