7R is selling a building from the City Flex Last Mile Logistics portfolio, located within the 7R Park Łódź West II complex, to a fund managed by Macquarie
7R has sold the first phase of 7R Park Łódź West II, a logistics project located in central Poland. The property was acquired by Macquarie Asset Management on behalf of one of the investor’s clients, for whom…
Izabela TrancygierNovember 22, 20214-minute read
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7R has sold the first phase of 7R Park Łódź West II, a logistics project located in central Poland. The property was acquired by Macquarie Asset Management on behalf of one of the investor’s clients, for whom it provides asset management services. This is Macquarie’s sixth transaction within the 7R City Flex Last Mile Logistics portfolio, following purchase agreements concluded since last September for facilities in key industrial and urban locations, including Wrocław and Gdańsk.
The 7R property, acquired by Macquarie Asset Management on behalf of one of the investor’s institutional clients, was completed in July 2021. It is fully leased to tenants in the healthcare and medical sectors, who use the space for light manufacturing, warehousing, and logistics operations. The property, located in the western part of Łódź, is well-connected to public and road transport, including the newly built S14 bypass. The proximity to the A1 and A2 highways is another positive aspect of the property’s location. The building holds a BREEAM certificate, which confirms the use of eco-friendly solutions that improve its energy efficiency.
The pandemic has highlighted the vital role that the logistics real estate sector plays in maintaining the efficiency of global supply chains. As demand for strategically located facilities with strong sustainability credentials continues to grow, we are pleased to continue our partnership with 7R in Poland and acquire this high-quality portfolio.
Dana Gibson
Co-Head of Macquarie Asset Management’s Real Estate team in Europe
Over the past 14 months, 7R and Macquarie Asset Management have completed six transactions with a total value of over €63 million. All of these transactions involved logistics assets supporting last-mile operations, known as Small Business Units (SBUs), in the most attractive urban locations in Poland.
Since 2018, we have observed growing demand for Small Business Unit facilities, both from investors and tenants. The development of the 7R City Flex Last Mile Logistics network is a response to this interest and one way to diversify our portfolio. Due to market demand and size, City Flex projects were initially developed in large cities. Currently, mid-sized towns are ready for this type of investment. This segment of the market is growing, and unlike standard big-box warehouses, last-mile facilities can offer spaces tailored to the needs of warehouses, offices, showrooms, retail spaces, and e-commerce operations, allowing us to diversify our tenant base. The SBU’s share of the warehouse market in Poland has reached 8%. We will continue to invest in the 7R City Flex business line and seek growth opportunities in other sectors.
Bartłomiej Krawiecki
Vice President and COO at 7R
The development of Poland’s first last-mile logistics network, covering all key urban locations with 7R warehouses, and the partnership with Macquarie are excellent examples of collaboration between capital and development. The alignment of both parties’ interests in delivering high-quality products in key micro-locations, while ensuring they meet high ESG standards and tenant expectations, is always an excellent strategy. In the near future, we intend to deliver further high-quality products in partnership with Macquarie.
Łukasz Jachna
Chief Capital Markets Officer, Member of the Management Board at 7R
The developer and investor began working together back in 2019, carrying out transactions involving big-box facilities in Kraków and Pomerania.
We are very pleased that we were once again able to contribute to the expansion of Macquarie’s logistics portfolio. We have found them to be an excellent partner who closely monitors every stage of the transaction process and is committed to working together toward our shared goal of building a strong, long-term business partnership. The sale of the 7R City Flex Last Mile Logistics building, part of the 7R Łódź West II complex, is another example of our seamless collaboration.
Tomasz Kostrzewa
Investment Director at 7R
Wolf Theiss advised the developer 7R on the sale, while Macquarie Asset Management was supported by Dentons, CBRE, and Sentient.
Over the past two and a half years, 7R has sold 26 warehouse, logistics, and industrial projects worth nearly €400 million. Over the next six months, the company plans to sell additional assets worth over €200 million.
Macquarie Asset Management is a major investor in the European real estate sector, with a portfolio of logistics facilities totaling 480,000 square meters in Poland.
About the author
Author's Bio
Izabela Trancygier
Regional Manager, Central-South Region
Izabela Trancygier serves as Head of the Central-South Region at 7R and is responsible for the company’s business development in the Central-South region. She oversees the leasing and development divisions,…
