CBRE Investment Management, on behalf of one of its pan-European funds, has completed the off-market acquisition of a fully-let portfolio of logistics assets in Poland, from local player 7R.
Financial details were not disclosed.
Comprising a total of 44,844 m2 of Grade A space, the portfolio comprises 7R Park Poznan East and 7R Park Sosnowiec. 7R Park Poznan East consists of one 22,458 m2 logistics building, while 7R Park Sosnowiec includes three buildings with a total of 22,386 m2 of lettable space.
All four properties were developed in 2019 by 7R in a joint venture partnership and are fully let to a mix of 10 tenants with a combined weighted average lease term of 5 years. Tenants include InPost, No Limit, TI Automotive and Rhenus.
Wojciech Szymaniuk, transaction manager CEE at CBRE Investment Management, said: 'This off-market transaction was a rare opportunity to acquire an institutional quality logistics portfolio in Poland, providing access to two increasingly attractive Polish submarkets.
'Poland’s ongoing strong economic growth is set to create heightened demand for well-located and high-quality logistics space in the years ahead, as the logistics sector continues to prove its resilience across a number of our core jurisdictions.'
Both assets are well located within major Polish logistics hubs 7R Park Poznan East offers solutions that significantly reduce energy and heating costs. The warehouse is equipped with LED lighting, ventilation fans and the highest standard of fire protection.
Sosnowiec, forming part of the Upper Silesia region, is a well-established cross-border hub, close to the border with the Czech Republic and Slovakia. 7R Park Sosnowiec has been designed according to 7R’s eco-building standards and includes solutions such as photovoltaic panels and electric car chargers.
Lukasz Jachna, chief capital markets officer, member of the board at 7R, said: 'We are proud to finalise the sale of these two assets. 7R Park Poznan East and 7R Park Sosnowiec are modern eco warehouses with excellent locations. The successful sale of this portfolio confirms that high-quality warehouses properties are significant assets to invest in.'
