7R and DWS have closed a transaction for the transfer of ownership of 7R Park Poznań East II, a warehouse park with a gross leasable area of over 51,000 sqm. The price has not been disclosed.
DWS, on behalf of one of its German institutional real estate funds, purchased the fully leased warehouse comprising two buildings with a total GLA of 51,105 sqm.
“We are delighted to have partnered with DWS on such an exciting project. Just as in the case of the other 7R facilities, the choice of the building’s location was of a great strategic importance to us. It is also crucial for our tenants, not only for business‑related reasons but also due to their need to provide future employees with convenient access to the workplace. We highly value sustainable transport offered to the location, as it is one of the important elements of our ESG strategy,” says Jakub Budych, Senior Transaction Manager, Capital Markets, 7R.
“DWS is pleased with the addition of this asset in an established logistics market with strong fundamentals, benefitting from a diversified tenant base and being resilient to economic cycles. The building’s high technical specifications allowing for tenant adaptation, and proximity to Poznańn and key motorways enables the landlord to support and participate in economic growth of the region,” said Marek Jakubiak, Head of CEE at DWS.
The warehouse is located 7 kilometres from the centre of Poznań, in Franowo district. Distance to A2 motorway is only 3.5 km. The vicinity of a residential area allows employees to reach the facility by public transport. 7R have also built an access road with a bicycle path, which has been connected to the city’s cycling paths. 7R Park Poznań East II has already been certified BREEAM at Very Good level.
During the transaction process, the 7R was advised by the law firm Wolf Theiss.
