Patron Capital and 7R sell warehouse in Poland

Patron Capital, the pan-European institutional investor focused on property-backed investments, in partnership with 7R, a developer specialising in the construction of high-quality warehouses have announced the sale of an approximately 30,000 sqm logistics asset in Goleniów, Poland to an undisclosed institutional investor for €22 million.

Built for Hultafors Group in 2021 on a ‘build-to-suit’ basis, as part of a JV between 7R and Patron Capital this modern, Grade A, the environmentally friendly warehouse is located close to the Polish-German border in Goleniów near Szczecin, Poland’s seventh-largest city known for its major seaport that connects with the Baltic Sea.

The warehouse is a high-tech building equipped with an AutoStore system. The facility is powered in part by photovoltaic panels and also has charging stations for electric cars. The building has been environmentally certified under the BREEAM system at the “Very Good” level.

“The completion of this deal demonstrates that despite the economic uncertainty we have seen over the last 12 months, investor appetite for modern, well-located energy efficient European logistics assets remains robust. Our longstanding team with their responsible investment focus and creative approach has played a key role in the success of this asset, and we know this will continue to be the case on new and existing projects as we work to provide exceptional value to our investors in 2023 and beyond,” says Wiktor Lesinski, Investment Director at Patron Capital.

“We are seeing increasing interest from investment funds in high-quality projects that offer environmentally friendly solutions with a visible reduction in energy consumption and a concomitant reduction in carbon footprint. The warehouse in Goleniow has met these expectations. It is a technologically advanced, environmentally friendly, first-class project. We are pleased that together with our partner Patron Capital we were able to offer the buyer a property that meets the highest market standards,” says Katarzyna Laszkowska, Private Debt Director at 7R Capital Markets.