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.

Hillwood is developing two Class A city warehouses in Warsaw’s Targówek district with a total area of ​​almost 50,000 sqm. Completion of the first hall with an area of ​​24,600 sqm is scheduled for Q3 2020.

Zalando Lounge, online fashion platform Zalando’s shopping club, plans to build a 130,000 square meters large fulfilment centre together with its developer Hillwood. The new site will increase the logistics capacity of Zalando Lounge and flexibility of operations. Intralogistics will be tailored to the specific requirements of Zalando Lounge, taking temporary campaigns and occasionally larger products from the home category into account. The site will be operated by a provider. About 500 jobs will be created in the mid-term.

Danfoss Power Solutions, a manufacturer and provider of hydraulics solutions, has renewed its lease for more than 20,000 sqm of industrial, office and social space at Hillwood Wrocław I. The tenant was represented in the negotiations by Cushman & Wakefield.