Savills Investment Management has completed the acquisition of a multi-asset logistics property in Poland from 7R on behalf of Vestas Investment Management. The property is located in a prime location within one of Europe’s largest automotive industry production and distribution clusters. The total transaction volume with 7R will exceed EUR 101 million, with financing provided by Bayerische Landesbank (BayernLB). The transaction brings Vestas’s assets under management (AuM) with Savills Investment Management to EUR 1.4 billion in Europe, spread across 15 office and logistics assets.
Savills Investment Management (“Savills IM”), the international real estate investment manager, today announced the acquisition of 7R Park Beskid II, a multi-tenant logistics asset in Poland, on behalf of Vestas Investment Management (“Vestas”) from Polish developer 7R and VRE. The transaction will be completed in three phases, with the final phase taking place in March 2022. The total transaction value will exceed EUR 101 million.
7R Park Beskid II is located in the Upper Silesia region of Poland, which, together with the neighboring city of Bielsko-Biała, has established itself as one of the largest clusters of manufacturing and distribution facilities for the automotive industry in Europe. The region is a well-established cross-border hub, situated near the border with the Czech Republic and Slovakia. The property itself is strategically located, directly adjacent to National Road 1, which connects it to the A4 highway—the most important transportation corridor in Southern Poland.
7R has developed a project comprising a multi-tenant logistics facility of approximately 90,000 square meters, consisting of five buildings. Four of these are standard-specification buildings, while one is a custom-built facility for the joint venture between Valeo and Siemens, which was established with the aim of developing and manufacturing innovative drive components for use in electric vehicles. 7R Park Beskid II has been certified at the BREEAM Very Good level.
Savills IM was advised by Dentons (legal); Arcadis (technical and environmental); and Cushman & Wakefield (commercial), with BayernLB providing financing for the transaction.
7R and VRE were advised by Baker McKenzie (legal) and Jones Lang LaSalle (commercial).
