Segro buys warehouse in Poland with Canadian pension fund

UK REIT Segro has completed the purchase of a warehouse in one of the key logistics hubs in Poland, via a joint venture with a Canadian pension investor.

Segro and PSP Investments of Canada have clubbed together to acquire a warehouse in Poland.

The value of the transaction not been made public and the parties declined to provide a guide due to confidentiality. 

Named 7R Park Wroclaw and located in in Biskupice, the asset comprises 24,000 m2 industrial space.

The seller was Polish warehouse developer, 7R. The acquisition – made via a vehicle called SELP – doubles Segro’s portfolio in the lower Silesia region.

Announcing the purchase, Bozena Krawczyk, Segro investment director, said: ‘The acquisition matches Segro’s strategy to strengthen its position in the proximity of the biggest cities and the most significant transportation hubs. We are confident that this high-quality warehouse space will be a great boost for our customers and our presence in this region, which is so significant for logistics and production businesses.’

Lukasz Jachna, 7R’s investment director, capital markets, said: ‘This transaction is in line with 7R’s strategy of developing institutional industrial schemes in strategic locations across Poland. It also illustrates the company’s intense focus on cooperating with reliable business partners in Poland.

‘7R is currently in the process of developing a pipeline of around 600,000 m2 of A-grade logistics accommodation in major Polish cities and in key industrial regions in Poland.'

 

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