7R and Hillwood have finalized a joint venture sale of a warehouse facility to a fund managed by GLL Real Estate Partners. The warehouse building is a build-to-suit (BTS) project for a leading European e-commerce platform. Last year, 7R and another fund managed by GLL Real Estate Partners concluded a larger warehouse portfolio transaction in the Central and Eastern Europe region.
The divested warehouse is the largest building in 7R Park Kraków, offering approx. 41,000 sqm of usable space. It was adapted to the needs of an e-commerce tenant's logistics operations and was commissioned for use in July 2019.
The 7R Park Kraków logistics complex consists of nine warehouse buildings with a total area of over 180,000 sqm.