7R sells five properties for over 150 million EUR

Developer 7R has sold logistics properties 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, in partnership with its joint venture partner, BUD Holdings.

This is the largest logistics transaction in Poland in the past two years and the second-largest in Central Europe. The sold properties include 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 well-located, high-class warehouse and logistics facilities with a total area of 212,500 sqm, fully adapted to the needs and expectations of nearly thirty current tenants, including companies from the logistics, food, and clothing sectors such as MyBOX, ROHLIG SUUS Logistics, LIDL, and Odyssey.

"The sale of our five high-class logistics properties for over 150 million euros is not only a favorable and one of the largest transactions in recent years but also a strategic step towards the further development of 7R. Thanks to our collaboration 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 are in high demand among tenants and investors who see long-term value in them," said Chris Zeuner, co-CEO of 7R.

"This landmark transaction signals a clear revival in the market that we have all been waiting for. It confirms our strategy that premium assets will always attract capital, even under challenging market conditions. The strong investor interest we observed highlights the enduring value of exceptional logistics investments, and we expect this momentum to grow in 2025," said Magdalena Uler-Kłeczek, Head of Capital Markets at 7R.

"Investika has successfully operated as an investor in the Polish real estate market since 2021, and I am pleased that this acquisition has further strengthened our position in the largest and strongest market in Central and Eastern Europe. The portfolio of five logistics parks acquired from 7R consists of high-quality industrial properties, fully leased to well-known tenants from the manufacturing, logistics, retail, and e-commerce sectors. This acquisition will contribute to the sectoral balance of Investika’s portfolio and help achieve the long-term return target of 4-6% annually for our investors," said Petr Čížek, Chairman of the Board of Directors of Investika, the investment company managing Investika Real Estate Fund, an open-ended investment fund.

"In addition to our current investments, primarily in office buildings, we have decided to focus on the logistics sector. We believe in the future growth in value of this type of property, especially when it comes to such a high-quality product as offered by 7R," added Paolo Panico, Director of BUD Holdings.

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