7R and Hillwood have finalized a joint venture sale of a warehouse facility to a fund managed by GLL Real Estate Partners. The warehouse building is a build-to-suit (BTS) project for a leading European e-commerce platform. Last year, 7R and another fund managed by GLL Real Estate Partners concluded a larger warehouse portfolio transaction in the Central and Eastern Europe region. Cushman & Wakefield advised the purchaser in both of those acquisitions.
7R will build a modern logistics complex, 7R Park Łódź East I, on a newly purchased 20 ha plot located on Brzezińska Street. This is 7R's fifth investment in the city.
In 2019, 7R commissioned 14 new warehouse facilities in 11 Polish markets. At the same time, the developer increased the level of leased space by almost 45%, successfully sold projects, established international strategic partnerships for the construction of further warehouses, and strengthened the team with the best industry professionals.
7R has finalized the sale of the 7R City Flex Łódź I warehouse located in Łódź, Poland to SELP (Segro European Logistics Partnership). This is the third 7R project, following 7R City Flex Łódź II and 7R Park Wrocław, to join the Polish portfolio managed by Segro.
7R is the first warehouse developer in Poland to create an innovative eco-friendly warehouse – 7R Green. The company's main goal is to provide facilities in which ecological solutions will help minimize their impact on the natural environment. Construction of the first warehouse, designed in keeping with the new green concept, will start in the first half of the year.
Chris Zeuner has been appointed a Non-Executive Director at 7R - one of Poland’s most active and fastest-growing logistics and warehouse developers. His expertise and strong pan-European experience will support 7R’s ambitious development targets and the company’s growth strategy for the upcoming years.
Polish developer 7R plans to set up a network of small business unit (SBU) warehouses across Poland under the 7R City Flex brand. Tenants will be able to sign one joint contract for the lease of warehouse space in several different locations as part of the City Flex program.
Business Garden Wrocław has signed up a new tenant: Travelplanet.pl., who just leased close to 730 sqm of office space. The ISOC Group, the owner of the three buildings developed as part of the first phase of the office complex, was advised on the lease transaction by Savills.
Cushman & Wakefield Echinox has appointed Cristi Moga as Head of Capital Markets. Moga has been working in the research department of the real estate consultancy since 2015.
Property developer Prime Kapital has extended its office lease in Globalworth Tower, Bucharest, for another five years. The company will occupy 3,066 sqm, which is more than double compared to the previous lease deal.
New appointments
Joanna Lewandowska joined 7R as Head of Construction and Design. She will manage a team of professionals involved in the design and architecture of warehouse and industrial buildings and will also supervise the work of project managers responsible for the execution of 7R investments both in Poland and internationally.
Katarzyna Chwalbińska-Kusek has joined Savills as Associate Director and ESG & Sustainability Lead in Poland. She has been actively promoting sustainable construction principles for 15 years.
Cushman & Wakefield Czech Republic has promoted Lukáš Netolický from the Office team to Partner. Lukáš is Head of Regional Cities CZ at Cushman & Wakefield, leading the firm’s Brno office. His main focus is on the development of its business activities, especially in the office segment.
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