CBRE Global Investors Acquires Logistics Facility in Poland
10 Aug 2020
CBRE Global Investors, on behalf of its Logistics Venture Fund (LoVe), has acquired Building C, 7R Park Beskid I, a newly developed 15,000sqm logistics warehouse located in Czechowice-Dziedzice in the Bielsko-Biała region of Poland. The vendor was 7R.S.A.
Last year, CBRE Global Investors acquired Building A and B at 7R Park Beskid I totaling over 30,000sq m of prime logistics facilities.
The Grade A logistic building is located in the Silesia submarket benefiting from its close location to the Czech and Slovak border and in-between towns Czechowice-Dziedzice and Bielsko-Biała. The park has direct access to the national motorway, No. 1.
The asset is let to three national tenants which includes a sports equipment supplier, a market leader in dental and prosthetic supplies and a logistics operator.
Grzegorz Ryszka, Head of Transactions CEE, CBRE Global Investors commented: “We were already confident in the investment fundamentals of 7R Park Beskid I and are pleased to have acquired this Grade A facility in a prime location.
The local market is characterized by entrepreneurs and innovation and long-term the demand for warehouses and logistics space should increase further. We now look forward to the delivery of Building D which completes the circa 57,500 sq m investment project.
We closed this transaction during the challenging environment that Covid-19 has presented and this is a clear message to both our partner in this project 7R SA and other developers that our interest in this sector is strong and should remain so in the coming years.”
CBRE Logistics Venture has a ‘build to core’ strategy and invests in prime logistics assets located in key logistics locations close to major cities or strategic transportation corridors across Europe.
Linklaters, Arcadis, Riskonet and Crido advised CBRE Global Investors.
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About CBRE Global InvestorsCBRE Global Investors is a global real assets investment management firm with $108.1 billion in assets under management* as of March 31, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.