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POLAND M7 buys Silesian Duo

Investment & finance
UK investment group M7 Real Estate has acquired two urban logistics parks for its M7 CEREF II Fund in Silesia from Polish industrial developer 7R.

The ‘Duo portfolio’ comprises 7R Park Siemianowice Śląskie and 7R City Flex Sosnowiec, which have a combined area of 22,500 sqm gla.

Avison Young represented 7R as its exclusive agent throughout the transaction. SSW provided legal advice to the seller, while Allen & Overy represented the buyer.

The first warehouse project was built in 2018 and is located in Siemianowice Business Park, just off national road 94. It is leased to Solution and Jungheinrich.

The property in Sosnowiec, built in 2015, is situated 1.2 km from the S86 expressway and leased to Döllken, Rafineria w Jaśle and McCormick companies. Due to the urban character of the warehouse, the office and showroom section is also leased by companies that do not directly occupythe warehouse space.

M7 CEREF II Fund’s strategy is to invest in value-add and core plus logistics, industrial and office projects in Poland, Hungary and Croatia.

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