M7 Real Estate, acting on behalf of its M7 Polish Active Fund (M7 POLAF), has acquired a mixed-use portfolio comprising five office, light industrial and logistics assets in Poland for a total of €66m. The acquisitions total approximately 63,000m² of leaseable space which is currently 89% let to 75 tenants with a WALT of 3 years. The properties are located in Wrocław, one of Poland's strongest regional cities, and Warsaw.
David Ebbrell at M7, said: "The latest acquisitions into M7 POLAF complement the assets acquired earlier in the year nicely and provide further geographical and sector diversity underpinned by a strong tenant profile. The Polish occupier markets continue to strengthen creating an ideal environment for medium-term rental growth which, in the right assets and locations, will drive a strong and stable income return for the fund."
Katarzyna Parkot, MD Poland, commented: "We are delighted to announce that we have successfully and effectively increased our portfolio in Poland. Additionally, we have decided to expand our business by undertaking asset management activities. We are expecting that this opportunity will add value and will allow for ongoing dynamic growth of M7 Poland.”
