Pan-European asset manager M7 Real Estate has launched a €79 mln portfolio of logistics and light industrial assets in Central Europe, owned by Macquarie Infrastructure and Real Assets, as Vector Parks.
The portfolio, which was acquired from HB Reavis in June 2016, comprises four assets which are let to a multinational tenant base, including DHL, UPS, Martinrea and Iron Mountain.
M7 and Macquarie have identified a number of asset management initiatives across the portfolio including refurbishment, lease re-gears and the letting of vacant space which are expected to raise the profile of the properties and boost their value.
The newly branded Vector Parks portfolio covers four key European logistics locations in Slovakia and the Czech Republic, with a strong focus on the area surrounding Bratislava in Slovakia, with both Raca and Svaty Jur located close to the capital, as well as the gateway city of Presov, the third largest city in the country. In addition, there is a fourth site located in the Czech Republic with direct access to the expanding airport at Ostava.
JLL will act as property manager across the portfolio.
