M7 Real Estate, on behalf of its M7 Ceref II Fund, has acquired two urban logistics schemes in Silesia, Poland, from 7R.
Financial details were not disclosed.
The portfolio, dubbed Duo, consists of two warehouse buildings located in Siemianowice Slaskie and Sosnowiec in the Upper Silesia Region – the biggest agglomeration in Poland. Together the properties exceed 22,500 m2 in GLA.
The property in Siemianowice, built in 2018, is a class A warehouse situated in the area of Siemianowice Business Park, with access to the A1 motorway and the S86 and S1 expressways. It is leased to Solution and Jungheinrich.
The Sosnowiec asset, built in 2015, is a modern warehouse and office building situated 1.2 km from the S86 expressway with a good connection with the centre of Sosnowiec and the cities of the Silesian Metropolitan Area.
The property includes a large carpark and access to public transport. It is leased to Döllken and Rafineria w Jasle, McCormick companies. Due to the urban character of the warehouse, the office and showroom part is also leased by companies not occupying the warehouse space directly.
Avison Young represented the seller as the exclusive agent throughout the transaction.
Bartlomiej Krzyzak, director, investment at Avison Young in Poland, said: 'The Duo portfolio properties are representative examples of urban logistics schemes with great locations, which are accessible fast and easy.
'The increase in number of transactions of last mile logistics, parcel delivery centers or Small Business Units have been recognised last year and we expect this trend to continue as the demand for such properties is high.'
M7 Ceref II Fund’s strategy is to target value-add and core plus logistics, industrial and office investments in the key Central European markets of Poland, Hungary and Croatia.
SSW provided legal advice to the seller while Allen&Overy represented the buyer.
