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7R has sold the 7R Park Kraków IX building to Generali Real Estate. This is the second transaction between the two companies this year

7R has completed the sale of the 7R Park Kraków IX logistics building to Generali Real Estate. The 33,000-square-meter warehouse, which was commissioned in the middle of the year,…

Izabela Trancygier December 20, 2021 3-minute read

7R has completed the sale of the 7R Park Kraków IX logistics building to Generali Real Estate. The 33,000-square-meter warehouse, which opened in the middle of the year, is fully leased and BREEAM-certified at the Very Good level. This is the second transaction between Generali and 7R in 2021, following Generali Real Estate’s acquisition of the 7R Park Gdańsk II warehouse complex in Kowale in September 2021.

In early December, Generali Real Estate, acting on behalf of the pan-European fund “Generali Real Estate Logistics Fund” (GRELF), managed by Generali Real Estate S.p.A SGR, finalized the acquisition of 7R Park Kraków IX in Kokotów. The fund’s first logistics acquisition in Poland was another complex developed by 7R, 7R Park Gdańsk II in Kowale.

7R Park Kraków IX is part of the largest logistics park in the developer’s portfolio, 7R Park Kraków, located in Kokotów. The complex consists of 10 facilities with a total area of over 245,000 sqm. Building IX covers 33,600 sqm and is fully leased. Answear.com (which also occupies space in other buildings in the park), ESA Logistika, and Styler all operate within the complex.

We are pleased that Generali Real Estate has once again chosen our park to expand its logistics real estate portfolio. The appeal of 7R’s buildings, which have been delivered to the market over the past 13 years, is underpinned by the superior quality of these facilities—for example, in terms of energy efficiency—as well as their excellent locations and environmentally friendly solutions. These are key factors that are important to tenants, employees, and investors alike.

Łukasz Jachna

Chief Capital Markets Officer, Member of the Board at 7R

7R Park Kraków stands out for its excellent location and access to key infrastructure. Its proximity to the S7 expressway and the A4 highway, as well as convenient access to public transportation, ensure excellent connectivity for both companies and employees.

We are pleased to continue our European expansion in logistics through our pan-European dedicated fund, GRELF, with this second opportunity in Poland. We are also delighted to be partnering with 7R again this year, following the acquisition of the Gdańsk park this summer. With more than €1 billion in logistics assets under management, by the end of 2021 our portfolio of logistics assets in France, Italy, and Poland will have grown by 145,000 square meters, including existing assets and those scheduled for delivery in 2022. With a solid pipeline, we will continue our expansion in our target countries in the coming years.

Pierre-David Baylac

Head of Logistics at Generali Real Estate

In the sale of 7R Park Kraków IX, the developer was advised by Allen & Overy, while the buyer’s advisors were Dentons and BNP Paribas.

7R Park Kraków IX is BREEAM-certified at the “Very Good” level. The building features a rooftop solar array and electric vehicle charging stations located nearby. The developer has also paid close attention to the project’s surroundings, creating flower meadows, beehives, and a rainwater storage tank. Energy efficiency is ensured by LED lighting combined with DALI protocol control, and destratifiers that ensure the proper distribution of warm air. Employees of the facility have access to parking for cars and bicycles, as well as relaxation areas.

The first facility at 7R Park Kraków opened in 2015. The development is located in Kokotów, near Kraków, within the Wieliczka Economic Activity Zone. 7R has been steadily expanding the complex, which has attracted tenants from the logistics, FMCG, and e-commerce sectors to the Małopolska region. During 7R Park Kraków’s six years of operation, over 30 companies have signed lease agreements to operate in the complex, creating jobs for residents of Kraków, Wieliczka, Bochnia, and surrounding areas.

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Izabela Trancygier

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,…

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