M7 invests in Croatian logistics market

M7 Real Estate has acquired two modern urban logistics assets, both on Slavonska Avenue in Zagreb, Croatia, on behalf of M7 CEREF II.

Slavonska Avenue is one of Zagreb’s main arterial roads and is, therefore, a prime last-mile location.

The first asset, which comprises a total of 14,000 square meters (150,700 square feet), is located to the north of Slavonska Avenue, 5 kilometers (3 miles) east of Zagreb city center. It is fully leased to four tenants. The second asset is located to the south of Slavonska Avenue and comprises a total of 8,000 square meters (86,100 square feet).  It is fully occupied by three tenants.

Both acquisitions are in line with the fund’s strategy of targeting value-add and core-plus logistics, industrial and office investments in the key Central European markets of Poland, Hungary and Croatia, where the favorable market dynamics and diverse tenant profile provide solid rental income and upside potential. These are the first acquisi