Savills IM acquires Polish multi-let logistics asset from 7R for €101 mln

Savills Investment Management, the international real estate investment manager, today announces the acquisition of 7R Park Beskid II, a multi-let logistics asset in Poland, on behalf of Vestas Investment Management from Polish developer 7R and VRE. The transaction will complete in three phases, with the final phase in March 2022. The overall transaction volume will be in excess of €101 million. 

7R Park Beskid II is located in the Upper Silesia region in Poland, which together with the neighboring Bielsko-Biała, has established itself as one of the largest clusters of production and distribution facilities for the automotive industry in Europe. The region is a well-established cross-border hub, near the border with the Czech Republic and Slovakia. The asset itself is strategically located, directly adjacent to national road 1, which connects the property to the A4 highway - the most important transportation corridor in Southern Poland. 

7R has developed the scheme which comprises a c. 90,000 sqm multi-let logistics facility made up of five buildings. Four of these are standard specifications, with one build-to-suit facility for the JV between Valeo and Siemens, which was established with the ambition to develop and produce innovative drive components for use in electric vehicles. 7R Park Beskid II is certified BREEAM at a Very Good level. 

(WBJ)