7R finalised the sale of 7R Park Szczecin and 7R Park Łódź West II. The new owner of the properties became P3 Logistic Parks. The price has not been disclosed.
The total area of the warehouse parks is close to 100,000 square meters. P3 Logistic Parks is focused on developing its own portfolio based on high-end assets located throughout Europe. The decision to purchase the warehouse parks from 7R is not only part of the company's long-term development strategy but also a confirmation of the quality and unique character of both properties.
“We are happy to establish cooperation with such a recognized investor as P3 Logistic Parks. The sale of the facilities in Łódź and Szczecin is one of the largest transactions on the Polish market since the beginning of the year. It confirms the investors' unwavering interest in high-quality assets and liquidity in the logistics real estate segment despite the demanding economic environment. The sold parks are distinguished by their urban location and high quality, thus combining key aspects from the point of view of the tenants and the investor”, commented responsible for the transaction Jakub Budych, Senior Transaction Manager, Capital Markets at 7R.
“We are continuing our strategy of diversifying our properties in all of Poland’s key markets, in order to respond quickly to our customers’ needs. The asset in Szczecin strengthens our position in the north of the country, where before now we were present in Gdańsk. Meanwhile, the purchase in Łódź is a perfect complement to our portfolio, not only in that city, but also more broadly in central Poland”, said Bartłomiej Hofman, Managing Director of P3 Logistic Parks Poland.
“Transaction with P3 Logistic Parks is another deal with a leading international investor concerning the sale of high-end logistics assets we have recently concluded. I am convinced that both 7R Park Szczecin and 7R Park Łódź West II will significantly enrich the portfolio of the new owner. Warehouses developed by 7R are high-quality facilities that meet the high expectations of tenants and investors", emphasises Magdalena Uler-Kłeczek, Senior Capital Markets Director at 7R.
7R Park Szczecin is a warehouse facility with an area of 61,000 sqm, located close to the city centre, which ensures comfortable access for employees and customers. In addition, the proximity of national road No. 10, the A6 motorway, and the seaport make the 7R warehouse in Szczecin a convenient destination for companies requiring efficiency and mobility in logistics. The warehouse is fully leased to companies from the e-commerce and logistics services sectors.
The 7R Park Łódź West II complex, located in the western part of the city, is also distinguished by its strategic urban location. The facility's location enables good public transport links as well as convenient access by road, thanks to the newly constructed S14 Ring Road. The warehouses, which are nearly 35,000 sqm are leased to companies from the manufacturing and logistics services sectors.
During the transaction, 7R was advised by lawyers from Allen & Overy, while P3 Logistic Parks was represented by the Greenberg Traurig team.
