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2019-07-19  10:37

CIJ Serbia

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M7 sells Aerozone Logistics Park in Budapest

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JTRoss Group acquired Aerozone Logistics Park in Budapest from M7 Real Estate. The price of the deal was not disclosed. The property offers 50,000 sqm of logistics space across three main units as well as an additional 15,000 sqm of office. The logistics space is currently fully leased, while the office space is 75 percent leased. “We have now disposed of nine of the 21 assets in M7 CEREF I, with a further six assets under offer. We expect to dispose of the remainder before the year end,” said Paul Betts, managing director of M7 CEE. “These disposals are happening in tandem with an acquisition program where we have added €120m of assets to the M7 POLAF I fund in the last three months. The Central European markets continue to grow and offer attractive returns for our investors.”

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