Generali Real Estate completed the acquisition of 7R Park Gdansk II.

Generali Real Estate, a real estate investor, completed the acquisition of 7R Park Gdansk II, a logistics park. Financial terms were not disclosed. “Leveraging on the consolidated experience in logistics in France and Italy, where we have been a long-lasting player active since mid-2000, with this operation we are now expanding into the Polish logistic market. Our logistic portfolio is mainly composed of parks in strategically-located distribution hubs, and the project in Gdansk perfectly fits in. Our ambition is to continue expanding in Europe on a wide range of supply chain asset, from XXL to Cross Dock and Urban Logistics, targeting high-quality assets. In this respect we are delighted to work with 7R, who has developed in recent years an impressive track record of top quality assets and parks across Poland.” Pierre-David Baylac, Generali Head of Logistics.