7R sells five facilities for over 150 million EUR

Developer 7R has sold logistics facilities with a total area of 212,500 sqm in five Polish cities. The properties were acquired by INVESTIKA Real Estate Fund, one of the largest open-ended real estate funds in the Czech Republic, operating together with its joint venture partner - BUD Holdings.

This is the largest transaction on the logistics market in Poland in the last two years and the second largest in Central Europe. The following were sold: 7R City Flex Kraków Airport I, 7R City Park Gdańsk Airport I, 7R Park Poznań West I, 7R Park Bydgoszcz I and 7R Park Kielce. These are perfectly located, high-class warehouse and logistics spaces with a total area of 212,500 sqm. The facilities are fully adapted to the needs and expectations of nearly thirty current tenants - including companies from the logistics, food, and clothing industries, such as: MyBOX, ROHLIG SUUS Logistics, LIDL or Odyssey.

- The sale of our five high-class logistics facilities for over 150 million euros is not only the closing of a profitable transaction and one of the largest in recent years, but also a strategic step towards the further development of 7R. Thanks to the cooperation with Investika, one of the leading Czech investment fund managers, we have gained the opportunity to focus on new projects and innovative solutions in the warehouse sector. Our warehouse and production facilities enjoy great interest from tenants and investors who see value in them for years to come - says Chris Zeuner, co-CEO at 7R.

- This breakthrough transaction signals a clear recovery in the market that we have all been waiting for. It confirms our strategy that premium assets will always attract capital, even in difficult market conditions. The strong investor interest we have observed underscores the lasting value of exceptional logistics investments, and we expect this momentum to intensify in 2025 - says Magdalena Uler-Kłeczek, Head of Capital Markets at 7R.

- Investika has been successfully operating on the Polish real estate market as an investor since 2021, and I am pleased that thanks to this acquisition, we have further strengthened our position in the largest and strongest market in Central and Eastern Europe. The portfolio of 5 logistics parks that we acquired from 7R consists of high-quality industrial properties, fully leased to well-known tenants from the production, logistics, retail, and e-commerce sectors. This acquisition will contribute to the sectoral balancing of Investika's portfolio and the achievement of a long-term return target of 4 - 6% per annum for our investors - says Petr Čížek, Chairman of the Board of Directors of Investika, an investment company managing Investika Real Estate Fund, an open-ended investment fund.

- Alongside our existing investments, primarily in office buildings, we have also decided to focus on the logistics sector. We believe in the future growth in value of this type of property, especially in the case of such a high-quality product as offered by 7R - adds Paolo Panico, Director of BUD Holdings.

The transaction confirms 7R's ability to attract leading investors to its portfolio of modern logistics facilities. Since 2023, other significant buyers of 7R logistics parks have been P3 and GLP.