CBRE Investment Management acquires state-of-the-art Polish logistics portfolio
The off-market acquisition from 7R SA includes 44,844 sq m of Grade A space in strategic locations
October 5, 2021
CBRE Investment Management, on behalf of one of its Pan European Funds, has completed the off-market acquisition of a fully-let portfolio of logistics assets in Poland, from 7R SA.
Comprising a total of 44,844 sq m of state-of-the-art, Grade A space, the portfolio consists of 7R Park Poznań East and 7R Park Sosnowiec. 7R Park Poznań East consists of one 22,458 sq m logistics building, while 7R Park Sosnowiec includes three buildings with a total of 22,386 sq m of lettable space. All four properties were developed in 2019 by 7R in a joint venture partnership and are fully let to a well-balanced mix of 10 tenants and have a combined WALT of 5.0 years. Tenants include InPost, No Limit, TI Automotive and Rhenus.
Both assets are well located within major Polish logistics hubs and have very good access to the pan-European transportation corridors (TEN-T). Poznań/Swarzędz benefits from excellent connectivity to the Polish road network through National road 92, S5 expressway and the A2 motorway which is a major West-East transportation axis. 7R Park Poznań East is also situated in close proximity to both an intermodal container terminal and Poland’s Volkswagen factory. The building offers solutions that significantly reduce the energy and heating costs. The warehouse is equipped with LED lighting, ventilation fans and the highest standard of fire protection.
Sosnowiec forming the part of Upper Silesia region is a well-established cross-border hub, near to the border with the Czech Republic and Slovakia.7R Park Sosnowiec can be accessed by the S1 motorway which connects in the vicinity to A4 motorway - the most important transportation corridor in Southern Poland. The area was previously an active mining district and has since been subject to significant regeneration. The building has been designed according to 7R’s eco-building standards and includes solutions such as photovoltaic panels and electric car chargers.
CBRE Investment Management is a leading investor and operator in the European logistics sector, with an AUM of €12.3 bn, a rental area of seven million sq m across 11 countries.
Wojciech Szymaniuk, Transaction Manager CEE at CBRE Investment Management, said: “This off-market transaction was a rare opportunity to acquire an institutional quality logistics portfolio in Poland, providing access to two increasingly attractive Polish submarkets. Poland’s ongoing strong economic growth is set to create heightened demand for well-located and high-quality logistics space in the years ahead, as the logistics sector continues to prove its resilience across a number of our core jurisdictions.”
Łukasz Jachna, Chief Capital Markets Officer, Member of the Board at 7R, said: We are proud of finalizing the sale of these two assets. 7R Park Poznań East and 7R Park Sosnowiec are modern eco warehouses with excellent locations. The successful sale of this portfolio confirms that high-quality warehouses properties are significant assets to invest in.”
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $129.1 billion in AUM* as of June 30, 2021, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2020 revenue). CBRE has more than 100,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*AUM refers to the assets under management, fair market value of real assets-related investments with respect to which CBRE Investment Management 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 Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
About 7R SA
7R SA is a dynamically growing developer operating on the commercial real estate market specializing in delivering A-class logistics space for rent. The company provides warehouse and industrial facilities for many businesses as well as BTS projects. Its portfolio includes both large-scale logistics parks and Small Business Unit urban warehouses uniquely branded 7R City Flex. So far 7R has finalized investments totalling 1 mln sqm and currently has more than 1.6 million sqm in the pipeline in different locations around Poland. The company is committed to ESG activities, and acting responsibly in its interaction with the environment, local communities, and corporate governance.