Dentons has advised Savills Investment Management on its EUR 101 million acquisition of 7R Park Beskid II on behalf of Vestas Investment Management from Polish developers 7R and VRE. Baker McKenzie advised the sellers.
The transaction is expected to close in March 2022.
7R Park Beskid II is located in the Upper Silesia region in Poland.
"We are very pleased to have concluded another transaction with Vestas and their investors, particularly in this high-quality scheme developed by 7R," Savills Investment Management Head of Industrial & Logistics Alistair Ennever commented. "The asset is ideally located in one of the largest automotive production clusters in Europe and has proven appeal to blue-chip tenants."
"When preparing new investments in 7R, we focus on the high quality of our facilities, enriched with technology and ecological solutions," 7R Chief Capital Markets Officer Lukasz Jachna added. "We are pleased that our approach attracts the interest of investors, which is confirmed by the cooperation with another prestigious entity, Savills Investment Management. I believe we have a common goal of creating long-term value for logistics facilities."
The Dentons team was led by Partner Jacek Jezierski and Senior Associates Paulina Dabek and Alicja Pulawska and included Partner Bartosz Nojek, Managing Counsel Tomasz Krasowski, Counsel Marcin Czajkowski, Senior Associate Katarzyna Adamczyk, and Associates Zuzanna Sobon, Maciej Kulpinski, and Jakub Olejniczak.
The Baker McKenzie team was led by Partner Weronika Guerquin-Koryzma and included Counsel Pawel Dlugoborski, Senior Associate Mateusz Cieslak, Associate Justyna Glinka, and Lawyer Bartosz Labuda.