7R and Hillwood have finalized the sale of a joint-venture warehouse facility to a fund managed by GLL Real Estate Partners. The agreement concerns a build-to-suit (BTS) project developed for a leader in the European e-commerce sector. Last year, 7R and one of the funds managed by GLL Real Estate Partners completed one of the largest portfolio transactions in the warehouse market in Central and Eastern Europe. Cushman & Wakefield advised the buyer on both acquisitions.
The warehouse that has been sold is the largest building at 7R Park Kraków, offering approximately 41,000 square meters of usable space. The facility, which opened in July 2019, has been tailored to the logistics needs of an e-commerce tenant.
