CBRE GI expands logistics property portfolio in Poland

CBRE GI expands logistics property portfolio in Poland

CBRE Global Investors has acquired Building C, 7R Park Beskid I, a newly developed 15,000sqm logistics warehouse located in Czechowice-Dziedzice in the Bielsko-Biała region of Poland from 7R.S.A for its Logistics Venture Fund (LoVe). The purchase price was not disclosed.

The Grade A logistic building is located in the Silesia submarket benefiting from its close location to the Czech and Slovak border and in-between towns Czechowice-Dziedzice and Bielsko-Biała in Poland.The asset is let to three national tenants which includes a sports equipment supplier, a market leader in dental and prosthetic supplies and a logistics operator.

Last year, CBRE Global Investors acquired Building A and B at 7R Park Beskid I totaling over 30,000sq m of prime logistics facilities.

“We were already confident in the investment fundamentals of 7R Park Beskid I and are pleased to have acquired this Grade A facility in a prime location. The local market is characterised by entrepreneurs and innovation and long-term the demand for warehouses and logistics space should increase further. We now look forward to the delivery of Building D which completes the circa 57,500 sq m investment project,” said Grzegorz Ryszka, Head of Transactions CEE, CBRE Global Investors.

Linklaters, Arcadis, Riskonet and Crido advised CBRE Global Investors.