M7 Real Estate, on behalf of its M7 CEREF II Fund, acquired two urban logistics schemes from 7R. Avison Young represented the seller as the exclusive agent throughout the transaction.
The portfolio consists of two warehouse buildings located in Siemianowice Slaskie and Sosnowiec in the Upper Silesia Region, the biggest agglomeration in Poland. The so-called DUO portfolio exceeds 22,500 sqm GLA in total.
The property in Siemianowice, built in 2018, is a Class A warehouse located next to the national road no. 94 in the area of Siemianowice Business Park, with access to the A1 motorway and the S86 and S1 expressways ensuring convenient communication in the Upper Silesia region. It is leased to Solution and Jungheinrich.
The property in Sosnowiec, 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 all the cities of the Silesian Metropolitan Area. It is leased to Döllken and Rafineria w Jaśle, 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.
“The DUO portfolio properties are representative examples of urban logistics schemes with great locations, which are accessible fast and easy. Such products have become recently even more sought-after by investors. This is a result of a rapid acceleration of e-commerce development stimulated by COVID-19. The increase in the number of transactions of last-mile logistics, parcel delivery centres or Small Business Units have been recognized last year and we expect this trend to continue as the demand for such properties is high.”- comments Bartlomiej Krzyzak, Director, Investment at Avison Young in Poland.
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.
