Savills Investment Management (Savills IM) has purchased 7R Park Beskid II, a multi-let logistics asset in Poland, on behalf of Vestas Investment Management from Polish developer 7R and VRE for €101 million.
7R Park Beskid II is located in the Upper Silesia region in Poland, which together with the neighbouring 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 to 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 have developed the scheme which comprises a c.90,000 sq. m. multi-let logistics facility made up of five buildings. Four of these are standard specification, 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 Very Good level.
”We are very pleased to have concluded another transaction with Vestas and their investors, particularly in this high quality scheme developed by 7R. The asset is ideally located in one of the largest automotive production clusters in Europe and has proven appeal to blue-chip tenants. We have strong conviction that this is the right asset in the right location which is set to benefit from the fundamental drivers of the logistics sector over the long term,” said Alistair Ennever, Head of Industrial & Logistics, Europe, Savills Investment Management.
The transaction will complete in three phases, with the final phase in March 2022. The overall transaction volume will be in excess of EUR 101m.