Generali Real Estate acquires key logistics assets in Krakow

Milan – Generali Real Estate has finalized the acquisition of 7R Park Krakow IX, the main logistics asset in Poland, located in Kokotów, near Krakow, on behalf of the pan-European “Generali Real Estate Logistics Fund” (GRELF) managed by Generali Real Estate S.p.A SGR. The seller of the object is the company 7R SA. This is the second transaction in the logistics segment in Poland that Generali Real Estate has completed with 7R this year, following the acquisition of a warehouse complex in Gdańsk.

7R Park Kraków IX is located in Kokotów, in the Wieliczka Economic Activity Zone, where the 7R company has completed many logistics facilities since 2015. The facility, with an area of ​​33,600 m2, is fully leased, benefits from an excellent location close to the main highway infrastructure, as well as convenient access to public transport.

7R Park Kraków IX is BREEAM certified with a “very good” rating thanks to elements such as rooftop solar farms and electric vehicle charging stations, as well as high energy efficiency, LED lighting and an optimized air distribution system.

This operation, which is the second logistic acquisition of the GRELF fund in Poland this year, confirms the commitment of Generali Real Estate to the logistics segment. The GRELF fund, dedicated to this highly specialized investment strategy, focuses on high-quality logistics assets in well-developed areas with excellent accessibility in major European logistics centers.

Pierre-David Baylac, Logistics Director at Generali Real Estate, commented: “We are delighted to be able to continue our European expansion in logistics through our dedicated pan-European GRELF fund, with our second purchase in Poland. cooperation with 7R, after we acquired a park in Gdańsk this summer With over EUR 1 billion in assets under management in Logistics, at the end of 2021 our portfolio of logistics assets in France, Italy and Poland will increase by 145,000 m2, with existing assets or those to be delivered in 2022. With a solid development plan, we will continue our expansion in the coming years in the countries that are our target. “

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