INVESTIKA Real Estate Fund acting jointly with its JV partner – BUD Holdings SA., has acquired five logistic parks from Polish developer 7R. The transaction value exceeds €150m. Thanks to that, it is the largest logistics property investment transaction closed in Poland this year and the second-largest logistics property investment transaction closed in 2024 in Central Europe.
The 212,500m2 portfolio consists of prime logistics properties, almost fully leased to a diverse range of production, logistics, retail and e-commerce tenants. As a result of this acquisition, the total size of real estate assets owned and managed by INVESTIKA Real Estate Fund in Poland have increased to over 409,000m2. The transaction was made possible by the strong capital inflows from the fund´s investors over the past two years. Bank financing for the acquisition was provided by Berlin Hyp.
“INVESTIKA Real Estate Fund has been successfully operating as an investor on the Polish real estate market since 2021 and I am delighted that – thanks to this acquisition – we have further strengthened our position in the largest and most robust market in Central and Eastern Europe. The portfolio of 5 logistics parks we´ve acquired from developer 7R comprises of high-quality logistics properties, almost fully leased to well-known tenants from production, logistics, retail and e-commerce sectors. This acquisition will contribute to sectoral rebalancing of INVESTIKA Real Estate Fund´s portfolio and achieving its long-term target return of 4 – 6 % p.a. for its investors,” said Petr Cizek, Chairman of the Board of Directors of INVESTIKA, investment company which manages INVESTIKA Real Estate Fund, open-ended mutual fund.
“Alongside our existing investments, primarily in office buildings, we have decided to focus on the logistics sector as well. We believe in the future value growth of this type of real estate, particularly when it comes to such a high-quality product as the portfolio from 7R undoubtedly represents," added Paolo Panico, Director of BUD Holdings SA.
“All five logistics parks guarantee long-term stability of rental income from a diverse group of reputable tenants. With their exceptional quality, these properties represent a rare chance for investors seeking a sizeable, diversified and stabilized portfolio,” commented Chris Zeuner, Co-CEO and member of the Board of Directors at development company 7R.
“The newly acquired assets are strategically located and have functional layouts offering much sought-after flexibility for tenants. They are all compliant with BREEAM international environmental certifications and selected buildings are also equipped with photovoltaic panels. We have prepared with partners long-term active asset & property management plans for each of the assets in order to enhance their value for investors in INVESTIKA Real Estate Fund in the years ahead,” said Rafal Proczek, Director of INVESTIKA Polska Services, that is responsible for the management of Polish part of portfolio for INVESTIKA Real Estate Fund.
INVESTIKA Real Estate Fund and BUD Holdings were advised in Poland by Linklaters, Colliers, Avison Young, REALS as well as CRIDO. 7R was advised by A&O Shearman.
Image source - INVESTIKA.
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