Another 7R investment has been added to SELP’s portfolio
7R has completed the sale of the 7R City Flex Łódź I warehouse, located on Rokicińska Street in Łódź, Poland, to SELP (SEGRO European Logistics Partnership). This is the third…
7R has completed the sale of the 7R City Flex Łódź I warehouse, located on Rokicińska Street in Łódź, Poland, to SELP (SEGRO European Logistics Partnership). This is the third 7R project—following 7R City Flex Łódź II on Transmiscyjna Street in Łódź and 7R Park Wrocław—to be added to the Polish portfolio managed by SEGRO.
The newly acquired warehouse, which has now been renamed SEGRO Business Park Łódź Wschód, offers a total area of 8,500 square meters and is fully leased. In addition to its standard warehouse function, the facility allows for the use of space for light manufacturing, commercial and exhibition activities, and the creation of high-quality office space.
Along with the rapid development in Łódź and growing customer needs, the SELP real estate portfolio managed by SEGRO in the city is also expanding. Urban industrial parks are becoming the driving force of the logistics market, and it is in this area that we aim to expand our offerings. The acquisition of the property from 7R aligns perfectly with our strategy of growth in key locations with the greatest potential, driven by both the size of the local market and the ongoing improvement of road infrastructure.
Bożena Krawczyk
Investment Director at SEGRO
JLL and Wolf Theiss advised 7R on the transaction; SELP was represented by Dentons and Arcadis.
The history of the SELP and 7R partnership
Cooperation between SELP and 7R began in June of last year, when SELP completed the acquisition of the 7R warehouse park in Wrocław, with a total area of 23,500 sqm. The park was renamed SEGRO Industrial Park Wrocław 2. In the second half of 2019, the partners signed a contract for the construction of a City Flex-type facility in Łódź, on Transmisyjna Street. The project, which consists of two buildings with a total area of 13,400 sqm, is scheduled to be completed in Q4 2020. Once construction is finished, the facility will become an integral part of SEGRO Business Park Łódź.
We have been developing our warehouse brand in Poland for 10 years. We see the potential in carving out a niche in smaller warehouses located near city centers, which allows us to respond flexibly to the needs of local markets from specific locations. We and our partners recognize that this trend holds immense potential and will continue to grow. That is why major European players such as SEGRO are actively selecting these types of assets for their portfolios. At 7R, we have leveraged our experience and expertise to create the City Flex concept, which meets the needs of tenants and investors by providing them with top-quality solutions.
Bartłomiej Krawiecki
Member of the Board and Head of Development at 7R
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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…
