P3 has acquired two logistics assets from 7R, located in Szczecin and Łódź, Poland. The parks comprise 61,450 sqm and 34,420 sqm, respectively, and are both completed and fully leased. They join P3’s portfolio of modern assets in Poland, which amounts to more than 1,350,000 sqm GLA in the country’s most important logistics locations. These purchases continue the growth of P3’s portfolio and geographical diversification, which is also supported by a land bank of almost 1 million sqm GLA.
Bartłomiej Hofman, Managing Director of P3 Logistic Parks Poland said: “We are continuing our strategy of diversifying our properties in all of Poland’s key markets, in order to respond quickly to our customers’ needs. The asset in Szczecin strengthens our position in the north of the country, where before we were present in Gdańsk. Meanwhile, the purchase in Łódź is a perfect complement to our portfolio, not only in that city but also more broadly in central Poland.”
Jakub Budych, Senior Transaction Manager, Capital Markets at 7R, commented: “We are happy to establish cooperation with such a recognized investor as P3 Logistic Parks. The sale of the facilities in Łódź and Szczecin is one of the largest transactions on the Polish market since the beginning of the year. It confirms the investors’ unwavering interest in high-quality assets and liquidity in the logistics real estate segment despite the demanding economic environment. The sold parks are distinguished by their urban location and high quality, thus combining key aspects from the point of view of the tenants and the investor.”
The park in Szczecin comprises two modern class A buildings and is located only 2.5 km from the city centre, and 3.5 km from the city’s seaport – which is the fastest-growing port in the southern Baltic region. Additionally, Szczecin is connected to the Bydgoszcz-Toruń and Warsaw regions by national road 10, only 3 km away. Similarly, the new acquisition in Łódź enjoys an equally strong location, with the nearest airport 5 km away, and only 7 km from the city centre. The A1 motorway is just 15 km from the park and connects the north and south of the country while intersecting with the A2 motorway to the north of Łódź. In addition to their vicinity to transport networks, both newly acquired parks are BREEAM certified at the ‘Very Good’ level for sustainability.
Michał Skiba, Investment Manager, P3 Logistic Parks Poland said: “With the purchase of these logistics assets in Szczecin and Łódź, we continue our commitment to meeting the evolving needs of our customers. These two state-of-the-art logistics properties are strategically positioned near key transportation hubs and exemplify premium, modern spaces that enhance efficiency and sustainability for our tenants. We are proud to expand our portfolio with these fully leased, BREEAM-certified assets, delivering top-tier logistics solutions across Poland.”
Greenberg Traurig, Gleeds, Delta Simons, and Marsh advised P3 on the transaction.