7R sold a complex of five logistics buildings

Savills Investment Management has finalized the acquisition of logistics assets in Poland from 7R on behalf of Vestas Investment Management. The 7R Park Beskid II complex is located in one of the largest automotive manufacturing and distribution clusters in Europe. The total value of the transaction will exceed 101 million euros.

Savills Investment Management ("Savills IM"), an international investment manager, announced the acquisition of 7R Park Beskid II. The large-scale logistics facility in Czechowice-Dziedzice was purchased from the Polish developer 7R and VRE on behalf of Vestas Investment Management ("Vestas"). The transaction will be carried out in three stages, with the final stage to be completed in March 2022. Financing was provided by Bayerische Landesbank (BayernLB). The transaction increases the value of Vestas' assets in Europe to 1.4 billion EUR, covering 15 office and logistics facilities.

"We are very pleased to conclude another transaction with Vestas and its investors, especially as it concerns this high-quality facility developed by 7R. It is ideally located in one of the largest automotive manufacturing clusters in Europe and is attractive to top-tier tenants. We believe this is the right complex in the right location, which will benefit from key drivers of the logistics sector in the long term" - says Alistair Ennever, Head of Industrial & Logistics, Europe, Savills Investment Management.

7R Park Beskid II is located in the Silesia region, which has become one of the largest concentrations of manufacturing plants for the automotive industry and distribution centers on the Old Continent. This region is a well-developed cross-border hub, serving transport to the Czech Republic and Slovakia. The 7R Park Beskid II property itself is strategically located – directly by national road No. 1, which connects it to the A4 motorway, the most important transport corridor in southern Poland.

"When preparing new investments at 7R, we focus on the high quality of our facilities, enriched with technology and ecological solutions. We are pleased that our approach is gaining increasing interest from investors, which is confirmed by our cooperation with another prestigious entity, Savills Investment Management. I am convinced that we share a common goal, which is creating long-term value for logistics facilities" - adds Łukasz Jachna, Chief Capital Markets Officer, member of the board at 7R.

Developer 7R delivered a logistics complex with an area of approximately 90,000 sqm, consisting of five buildings, offering warehouse and production space for many tenants. Four of them have standard specifications, and one is a BTS (Build-to-Suit) facility built for a joint venture between Valeo and Siemens. It was created for the development and production of innovative drive components for electric vehicles. 7R Park Beskid II holds a BREEAM certificate at the Very Good level.

"Financing 7R Beskid Park fits perfectly into our credit strategy, which focuses on assets in key locations with long-term growth forecasts and positive ESG indicators. We are pleased that we could support this transaction as the sole underwriter and agent" - comments Robert Hetzner, Vice President, Real Estate Division, BayernLB.