Pan-European institutional investor Patron Capital, in partnership with warehouse developer 7R, has sold a logistics asset in Goleniów, Poland to an undisclosed institutional investor for €22 mln.

The Polish warehouse

The Polish Warehouse

Constructed for Hultafors Group in 2021 on a ‘build-to-suit' basis, the 30,000 m2 warehouse is located close to the Polish-German border in Goleniów near Szczecin, Poland’s seventh-largest city known for its seaport that connects with the Baltic Sea.

The warehouse is a high-tech building equipped with an AutoStore system. The facility is powered in part by photovoltaic panels and also has charging stations for electric cars. The building has been environmentally certified under the BREEAM system at the 'Very Good' level.

Wiktor Lesinski, investment director at Patron Capital, said: 'The completion of this deal demonstrates that despite the economic uncertainty we have seen over the last 12-months, investor appetite for modern, well-located energy efficient European logistics assets remains robust.

'Our longstanding team with their responsible investment focus and creative approach has played a key role in the success of this asset, and we know this will continue to be the case on new and existing projects as we work to provide exceptional value to our investors in 2023 and beyond.'

Katarzyna Laszkowska, private debt director at 7R Capital Markets, said: 'We are seeing increasing interest from investment funds in high-quality projects that offer environmentally friendly solutions with a visible reduction in energy consumption and a concomitant reduction in carbon footprint.

'The warehouse in Goleniow has met these expectations. It is a technologically advanced, environmentally friendly, first-class project. We are pleased that together with our partner Patron Capital we were able to offer the buyer a property that meets the highest market standards.'