M7 CEREF II buys industrial facility for rent near Poznań

Pan-European multi-tenant real estate investment and management entity M7 Real Estate announces the acquisition on behalf of the M7 CEREF II fund of a direct shared lease facility near Poznań.

The purchase is in line with the fund's strategy focused on investments in logistics, industrial and office facilities with added value and "core plus" in key Central European markets, including Poland, Hungary, and Croatia.

The facility, which comprises approximately 20,000 sqm of warehouse space and additional office space, is 99 percent leased to various local tenants. It is located in a well-known industrial zone located 3 km east of the center of Poznań.

This is the seventh acquisition made on behalf of the Fund, which is now 75 percent invested after the first close of funding in 2020. The Fund's target value is around €100 million with leverage, and a significant number of potential investments have already been identified across the region.

"Despite the strong demand among investors on the European warehouse market, we managed to acquire the facility thanks to the specialist knowledge of the local specifics, which made it possible to find this great opportunity with untapped potential. The facility in Mogileńska will be a strong addition to the Fund's portfolio after we acquired the DUO portfolio earlier this year. Our projects regularly increase the value of industrial facilities and we have already implemented an asset management program to improve their quality while working closely with existing tenants," Katarzyna Parkot, Managing Director of M7 Poland, commented.

Avison Young acted as an agent in the acquisition.

(WBJ)