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M7 sells three Polish assets for PVBRI fund
Transactions - JANUARY 22, 2020

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M7 sells three Polish assets for PVBRI fund

by Released

M7 Real Estate has sold three assets in Poland, on behalf of an M7 vehicle, PVBRI.

M7 created PVBRI in 2017 to acquire financially challenged corporates that had high levels of senior debt with a Polish bank. M7 structured the deals by acquiring the corporates that owned the assets, providing the lender with a compliant and supportive sponsor. The sales follow the completion of M7’s asset management strategy for these assets.

M7 has sold two office buildings in Poznan, Dwor Hamburski and RB House, comprising 3,741 square meters (40,267 square feet) and 2,431 square meters (26,167 square feet) of space respectively, to local investors identified by M7. M7 has enhanced the income profiles of both properties, which were sold within a very short time of being marketed.

Zgorzelec Plaza, a 12,624-square-meter (135,883-square-foot) shopping center located in Zgorzelec on the border with Germany, has been sold to DL Invest Group, a Polish developer and investor specia

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