POLAND BentallGreenOak makes first Polish acquisition
Investment & financeschedule 26 May 2021
7R Park Tczew is located off the A1 motorway about 35 km south of Gdańsk
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Toronto-based real estate investment manager BentallGreenOak has made its first investment on the Polish market with the acquisition of three buildings in the 7R Park Tczew logistics park from developer 7R for an undisclosed sum.
Two of the three buildings of the park are already built and amount to 39,000 sqm gla, while the third, which is currently under construction will have 10,000 sqm gla and should be completed within the next six months. The assets are around 80 pct leased to InPost and Polomarket.
7R was advised by CBRE and Wolf Theiss, while BentallGreenOak was advised by Dentons, CBRE, Baker McKenzie and Gleeds. ING Bank Śląski provided debt financing for the transaction and was advised by DLA Piper.
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