The MAN Truck & Bus Center in Małopole outside Warsaw has been sold for an undisclosed sum by industrial developer 7R to the Interpierre Europe Centrale fund, which is managed by Paris-based PAREF Gestion, part of investment and asset management company PAREF Group.
The property, which is situated on ul. Graniczna in Małopole, around 35 km northeast of central Warsaw, comprises aournd 2,510 sqm gla of modern servicing space as well as a car wash and two levels of offices. It is fully leased to MAN Truck & Bus Polska (part of the Volkswagen group) for its sales and service division.
7R was represented by Avison Young and SSW for this transaction, while Dentons provided legal advice to the buyer.
The SCPI Interpierre Europe Centrale fund was established in September 2020 and is targeted at logistics and office assets in Central Europe, with its manin focus on the Polish, Czech and Hungarian markets.