Patron Capital and developer 7R have sold a 30,000 sq m (circa 322,000 sq ft) logistics asset in Goleniów, Poland, to an undisclosed institutional investor for €22m.
The Grade A unit, which is located close to the Polish-German border, was built for Hultafors Group in 2021 as part of a joint venture between 7R and Patron Capital.
Wiktor Lesinski, investment director at Patron Capital, said: “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.”
Katarzyna Laszkowska, private debt director at 7R Capital Markets, added:“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.”
