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M7 sells three Polish assets

Rafał Ostrowski 22 January 2020

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał Ostrowski has over 17 years’ experience as a journalist. Before joining ‘Eurobuild CEE’ five years ago, he wrote for Wydawnictwo Murator and Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and prepared photo-reportages. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. For ‘Eurobuild CEE’ he covers most real estate sectors, including logistics, construction, office, residential and retail. He is also in charge of the film direction for Eurobuild TV.

M7 sells three Polish assets
The Zgorzelec Plaza shopping centre comprises 12,624 sqm

POLAND British investor M7 Real Estate has sold two office buildings in Poznań and Zgorzelec Plaza in western Poland on behalf of its PVBRI vehicle.

The office buildings – the 3,741 sqm Dwór Hamburski and the 2,431 sqm RB House – have been bought by undisclosed local investors. The Zgorzelec Plaza shopping centre, which comprises 12,624 sqm, has been sold to Polish developer and investor DL Invest Group.

“These transactions demonstrate our ability to successfully turn around formerly distressed assets; improve their performance by leveraging our asset management expertise and local knowledge, and identify suitable purchasers,” said Katarzyna Parkot, the managing director of M7 in Poland.

M7 established PVBRI in 2017 to acquire financially challenged entities that have high levels of senior debt with Polish banks. It bought Zgorzelec Plaza in 2017 and extended 14 lease agreements while signing six new leases, increasing both the weighted average lease term and the occupancy.

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