7R has sold MAN Truck & Bus Center in Malopole to Interpierre Europe Centrale fund, managed by PAREF Gestion. The property is located at 3 Graniczna Street in Malopole, about 35 km from the centre of Warsaw, in the immediate vicinity of the S8 connecting several Polish major cities from North-East to South-West directions. Due to this convenient location, there are numerous production plants and other warehouse properties in the surrounding area. MAN Truck & Bus Center is a modern building, offering 2,510m² GLA comprising servicing area with carwash and 2-storey office space. It is fully leased to MAN Truck & Bus Polska – sales and service division of the heavyweight vehicles manufacturer from Volkswagen group. The purchase price was not disclosed.
"We are very pleased with this first acquisition in Poland for our new fund - SCPI Interpierre Europe Centrale. MAN Centre in Małopole is a property greatly matching the investment criteria of the fund – asset with recognized tenant - with long lease agreement, in attractive location. We aim to build up a portfolio of high-quality assets which will generate attractive income,” commented Anne Schwartz, Managing Director, PAREF Gestion.
“MAN centre in Malopole, leased to a global automotive company, is a property offering stable income for the owner. We are pleased we have attracted the attention of the PAREF company with this project and introduced PAREF to the Polish market,” said Bartlomiej Krzyzak, Director, Investment at Avison Young in Poland.