7R sells the City Flex Last Mile Logistics building in 7R Park Łódź West II to a Macquarie-managed account
7R has sold the first phase of 7R Park Łódź West II, a prime urban logistics project located in Łódź, Poland. The property has been acquired by Macquarie Asset Management…
7R has sold the first phase of 7R Park Łódź West II, a prime urban logistics project located in Łódź, Poland. The property has been acquired by Macquarie Asset Management on behalf of one of its managed accounts. This marks the investor’s sixth transaction involving the 7R City Flex Last Mile Logistics portfolio, following acquisitions near key industrial and urban centers—including Wrocław and Gdańsk—that have been completed since September of last year.
The 7R facility, acquired by Macquarie Asset Management on behalf of one of its institutional clients, began operations in July 2021. It is fully leased to tenants in the healthcare and sanitation sectors who operate light manufacturing, storage, and logistics operations at the property. The development’s location, in the western part of Łódź, is well-served by public transportation and roads, including the newly built S14 ring road. Its proximity to the A1 and A2 freeways is another positive aspect of the location. The building is BREEAM-certified thanks to the implementation of eco-friendly solutions that improve energy efficiency.
The pandemic has highlighted the vital role that the logistics real estate sector plays in supporting efficient global supply chains. As demand continues to grow for strategically located facilities with strong sustainability credentials, we are delighted to continue our partnership with 7R in Poland and to secure this high-quality portfolio.
Dana Gibson
Co-Head of Macquarie Asset Management’s Real Estate team in Europe
7R and Macquarie Asset Management have completed six transactions over the past 12 months, totaling more than EUR 63 million. All of these deals involved last-mile logistics assets located in prime urban areas across Poland.
Since 2018, we have observed growing demand for small business unit-type facilities, from both investors and tenants. The development of 7R City Flex Last Mile Logistics is the answer to that demand and one of the ways we are diversifying our portfolio. Due to market demand and size, City Flex projects were initially built in larger cities, but today, medium-sized cities are ready for this type of investment. This segment of the market is growing, and unlike standard “big box” warehouses, last-mile facilities may include warehouse and office space, showrooms, retail, and e-commerce premises, which diversifies our tenant base. SBUs now account for 8% of the warehouse market in Poland. We will continue to invest in the 7R City Flex business line and seek opportunities in other sectors.
Bartłomiej Krawiecki
Chief Operating Officer, Vice President of the Board at 7R
Building the first last-mile logistics network in Poland, which covers all key urban locations with 7R’s urban warehouses, and partnering with Macquarie is an excellent example of collaboration between capital and development. The alignment of interests between the parties to provide high-quality products in key micro-locations—ensuring they meet high ESG standards and tenants’ expectations—is always a great strategy to implement. We look forward to delivering more high-end products together with our partner in the near future.
Łukasz Jachna
Chief Capital Markets Officer, Member of the Board at 7R
We are very pleased to once again contribute to the expansion of Macquarie’s logistics portfolio with another project. We have found Macquarie to be an excellent partner, one that closely monitors every stage of the transaction process and is committed to working with us to build a strong, long-term business partnership. The sale of the 7R City Flex building, part of the 7R Łódź West II complex, is another example of our seamless cooperation.
Tomasz Kostrzewa
Investment Director at 7R
The developer and the investor began working together back in 2019, pursuing deals for big-box facilities in Kraków and Poland’s Pomerania region.
Over the past two-and-a-half years, 7R has sold 26 warehouse, logistics, and industrial projects worth nearly EUR 400 million. In the next six months, the company plans to sell additional assets worth more than EUR 200 million.
Macquarie Asset Management is a major investor in the European real estate sector, with a 480,000-square-meter portfolio of logistics properties in Poland.
During the sales process, 7R was advised by Wolf Theiss, while Macquarie Asset Management was advised by Dentons, CBRE, and Sentient.
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Lilianna (Elżbieta) Laudy
Marketing & Digital Manager
Lilianna Laudy serves as Digital & Marketing Manager at 7R SA, where she is responsible for developing digital and marketing initiatives that support brand visibility and online communication…
