7R has finalized the divestment of 7R Park Kraków IX logistics building to Generali Real Estate. The 33,000 sqm warehouse, commissioned for use in the middle of the year, is fully leased and BREEAM-certified at the Very Good level. This is the second transaction between Generali and 7R in 2021 following Generali Real Estate’s acquisition of 7R Park Gdańsk II warehouse complex in Kowale, in September 2021.

7R Park Kraków IX is part of the biggest logistic park in the developer's portfolio, 7R Park Kraków located in Kokotów. The complex consists of 10 facilities with a total area of over 245,000 sqm. Building IX covers 33,600 sqm and is fully leased. Answear.com (which also occupies space in other buildings in the park), ESA Logistika, and Styler all have their respective operations in the complex.

“We are pleased to continue our European expansion in Logistics, executed through our pan-European dedicated fund GRELF, with this second opportunity in Poland. We are also delighted to cooperate with 7R again this year, following the acquisition of the Gdańsk park this summer. With more than €1 billion in logistics assets under management, at the end of 2021 our portfolio of logistics assets in France, Italy, and Poland will be 145,000 sqm bigger, with existing assets or to be delivered in 2022. With a solid pipeline, we continue our expansion in the coming years in our target countries,” Pierre-David Baylac, Head of Logistics at Generali Real Estate, said.

(WBJ)