Czech and Slovak real estate investment fund Investika and Luxembourg-based private equity company Bud Holdings have acquired five logistics parks in Poland.
The logistics assets were purchased from Polish developer 7R for over €150 mln. The deal represents the largest logistics real estate deal in Poland this year and the second largest in Central Europe for 2024, according to Investika.
The acquired properties total 212,500 m2 of prime logistics space and are nearly fully occupied by tenants from sectors including manufacturing, logistics, retail, and e-commerce. All are BREEAM certified and selected buildings are also equipped with photovoltaic panels.
The purchase brings Investika’s total Polish real estate holdings to over 409,000 m2. The deal was funded by significant investor contributions to the fund over the last two years, with financing provided by Berlin Hyp.
In December 2024, Investika Real Estate Fund added 212,500 m2 of logistics properties to its portfolio, spanning key locations across Poland: 7R Park Bydgoszcz I (northwest), 7R City Park Gdansk Airport I (north), 7R City Flex Kraków Airport I (south), 7R Park Kielce (south), and 7R City Park Poznan West (west).
Petr Cížek, chairman of the board of directors of Investika, said: ‘I am delighted that – thanks to this acquisition – we have further strengthened our position in the largest and most robust market in CEE. This acquisition will contribute to the sectoral rebalancing of Investika Real Estate Fund’s portfolio and achieving of its long-term target return of 4-6% per year for its investors.’
Paolo Panico, director of Bud Holdings, commented: ‘Alongside our existing investments, primarily in office buildings, we have decided to focus on the logistics sector as well. We believe in the future value growth of this type of real estate, particularly when it comes to such a high-quality product as the portfolio from 7R undoubtedly represents.’
Chris Zeuner, co-CEO and member of the board of directors at 7R, said: ‘All five logistics parks guarantee long-term stability of rental income from a diverse group of reputable tenants. With their exceptional quality, these properties represent a rare chance for investors seeking a sizeable, diversified, and stabilised portfolio.’
Investika Real Estate Fund and Bud Holdings received advisory services in Poland from Linklaters, Colliers, Avison Young, Reals, and Crido. 7R was advised by A&O Shearman.
