Logistics landlord P3 has acquired two logistics assets from 7R, located in Szczecin and Lódz, Poland.
Financial details were not disclosed.
The parks comprise 61,450 m2 and 34,420 m2, respectively, and are both completed and fully leased. They join P3's portfolio of modern assets in Poland, which amounts more than 1,350,000 m2 GLA in the country’s most important logistics locations.
Bartlomiej Hofman, managing director of P3 Logistic Parks Poland said: 'We are continuing our strategy of diversifying our properties in all of Poland’s key markets, in order to respond quickly to our customers’ needs.
'The asset in Szczecin strengthens our position in the north of the country, where before now we were present in Gdansk. Meanwhile, the purchase in Lódz is a perfect complement to our portfolio, not only in that city, but also more broadly in central Poland.'
Jakub Budych, senior transaction manager, capital markets at 7R, commented: 'We are happy to establish cooperation with such a recognized investor as P3 Logistic Parks. The sale of the facilities in Lódz and Szczecin is one of the largest transactions on the Polish market since the beginning of the year.
'It confirms the investors' unwavering interest in high-quality assets and liquidity in the logistics real estate segment despite the demanding economic environment. The sold parks are distinguished by their urban location and high quality, thus combining key aspects from the point of view of the tenants and the investor.'
The park in Szczecin comprises two modern class A buildings, and is located only 2.5 km from the city centre, and 3.5 km from the city’s seaport.
Similarly, the new acquisition in Lódz enjoys an equally strong location, with the nearest airport 5 km away, and only 7 km from the city centre. Both newly acquired parks are BREEAM certified at the ‘Very Good’ level for sustainability.
Michal Skiba, investment manager, P3 said: 'With the purchase of these logistics assets in Szczecin and Lódz, we continue our commitment to meeting the evolving needs of our customers.
'These two state-of-the-art logistics properties are strategically positioned near key transportation hubs and exemplify premium, modern spaces that enhance efficiency and sustainability for our tenants. We are proud to expand our portfolio with these fully leased, BREEAM-certified assets, delivering top-tier logistics solutions across Poland.'
The purchases continue the growth of P3’s portfolio and geographical diversification, which is also supported by a land bank of almost 1 million m2 GLA.
Greenberg Traurig, Gleeds, Delta Simons, and Marsh advised P3 on the transaction.
