WARSAW, 10 August 2020 – CBRE Global Investors, on behalf of its Logistics Venture Fund (LoVe), has acquired Building C, 7R Park Beskid I, a newly developed 15,000sqm logistics warehouse located in Czechowice-Dziedzice in the Bielsko-Biała region of Poland. The vendor was 7R.S.A.
Last year, CBRE Global Investors acquired Building A and B at 7R Park Beskid I totaling over 30,000sq m of prime logistics facilities.
The Grade A logistic building is located in the Silesia submarket benefiting from its close location to the Czech and Slovak border and in-between towns Czechowice-Dziedzice and Bielsko-Biała. The park has direct access to the national motorway, No. 1.
The asset is let to three national tenants which includes a sports equipment supplier, a market leader in dental and prosthetic supplies and a logistics operator.
Grzegorz Ryszka, Head of Transactions CEE, CBRE Global Investors commented: “We were already confident in the investment fundamentals of 7R Park Beskid I and are pleased to have acquired this Grade A facility in a prime location.
The local market is characterised by entrepreneurs and innovation and long-term the demand for warehouses and logistics space should increase further. We now look forward to the delivery of Building D which completes the circa 57,500 sq m investment project.
We closed this transaction during the challenging environment that Covid-19 has presented and this is a clear message to both our partner in this project 7R SA and other developers that our interest in this sector is strong and should remain so in the coming years.”
CBRE Logistics Venture has a ‘build to core’ strategy and invests in prime logistics assets located in key logistics locations close to major cities or strategic transportation corridors across Europe.
Linklaters, Arcadis, Riskonet and Crido advised CBRE Global Investors.
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About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $108.1 billion in assets under management* as of March 31, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
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