CROATIA M7 picks up two Zagreb logistics assets
Investment & financeschedule 24 June 2021
The two properties are located on Slavonska avenija, 5 km east of Zagreb city centre
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London-based investor and asset manager M7 Real Estate has acquired two urban logistics assets in Zagreb on behalf of its M7 CEREF II fund – the first purchases for the fund in Croatia.
The two properties are situated on Zagreb’s main east-west arterial road, Slavonska avenija, around 5 km east of the city centre. The first of these totals 14,000 sqm gla and is leased to four tenants with a weighted average lease term of 5.76 years. The second comprises 8,000 sqm gla and is fully leased to three tenants with a WALT of 2.35 years.
Given the challenging market environment due to the pandemic, we are very pleased to have concluded these transactions quickly and efficientl
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