7R, a developer specializing in the construction of high-quality warehouses, has entered into a strategic partnership with Nrep, under which Nrep is acquiring a majority stake in 7R. The capital increase will enable the companies to…
Izabela TrancygierAugust 10, 20235-minute read
Share
7R, a developer specializing in the construction of high-quality warehouses, has entered into a strategic partnership with Nrep, under which Nrep is acquiring a majority stake in 7R. The capital increase will enable the companies to grow rapidly in Poland and continue to carry out projects in line with ESG principles.
Nrep is a leading ESG-focused real estate investor in the Nordic region. It operates in eight countries and manages €19 billion in assets covering 8 million square meters. It successfully invests in logistics facilities through its logistics platform, Logicenters. 7R, on the other hand, is an experienced Polish warehouse developer that has completed projects with a total area of over 1.8 million square meters to date. In 2022, 7R closed more than a dozen project sales transactions with a total value of over €430 million, gaining a 20% share of the investment market in Poland.
The partnership means that Nrep (through Nordic Strategies Fund V) will become the majority shareholder of 7R. By investing approximately €200 million in new capital into the company, the investor will support 7R’s further development, with a focus on Poland. The investor also sees additional investment opportunities in the Czech Republic. 7R will focus on sustainable development by building technologically advanced warehouses that meet the highest quality standards.
Bringing Nrep on board as a strategic shareholder is an extremely important step for 7R. This capital investment provides an opportunity to continue our efforts toward sustainable development, expand into new markets, and build long-term relationships with tenants. By retaining ownership of certain assets, we will strengthen our relationships with our tenants. This unique offering will set 7R apart from other market players and deliver tangible benefits to our customers. This new perspective will allow us to maintain our position as a leader in sustainable development.
Tomasz Lubowiecki
Founder and CEO of 7R
The Nrep investment means that 7R is now one of the best-capitalized developers of logistics and industrial real estate in Poland. 7R will continue to pursue growth through joint ventures and expand its own real estate portfolio, while retaining certain assets on the company’s balance sheet.
Nrep is recognized as a leader in sustainable development—the company has invested in 7R through the NSF V fund, which, having raised €3.65 billion, is the largest European value-added real estate fund to date.
7R is a company with solid foundations, a strong market position, and priorities that align with Nrep’s values, particularly in the area of sustainability. This investment presents a unique opportunity to apply our decarbonization strategy to a large real estate portfolio and thereby scale up our efforts to reduce CO2 emissions. The partnership will also provide access to a significant market segment where demand exceeds supply. We look forward to working with the 7R team to jointly capitalize on this opportunity.
Rune Kock
CEO of Nrep
We are pleased that Nrep is 7R’s new majority shareholder. The completion this year of one of the largest M&A transactions in the European logistics real estate market is the result of the business strategy we have pursued over the past 24 months. The transaction will allow us to diversify our operations, strengthen our relationships with clients, and enter new markets, thereby increasing the company’s value for stakeholders.
Chris Zeuner
CIO and Member of the Board at 7R
The acquisition of a majority stake in 7R reinforces Nrep’s commitment to the Polish logistics market. It represents one of our largest and most strategic transactions. At the same time, our new partnership with the developer enables our Logicenters division to offer our existing Scandinavian clients a comprehensive portfolio of properties in Poland. By combining 7R’s track record and experience with Nrep’s institutional approach to driving real change in the industry for both people and the planet, I am confident that together we will create even more opportunities and benefits for all stakeholders.
Petri Valkama
Partner & Head of Strategic Transactions at Nrep
Cushman & Wakefield, KKW, Rymarz Zdort Maruta, and Crido advised 7R on the transaction, while Linklaters, PwC, EY, JLL, and Savills advised Nrep.
O 7R
7R is a rapidly growing developer based in Poland that operates in the commercial real estate market, offering Class A warehouses for lease. The company serves a variety of industries, providing warehouse and industrial facilities, including built-to-suit (BTS) projects. Its portfolio includes large-scale logistics parks, as well as small business units (SBUs) and urban warehouses known as 7R City Flex. To date, the company has completed projects with a total area of over 1.8 million sq m, and approximately 2.3 million sq m of GLA is currently in development in Poland and the Czech Republic. Demonstrating its commitment to sustainable development, 7R is engaged in ESG initiatives, caring for the environment, local communities, and corporate governance. For more information, visit www.7rsa.pl
About Nrep
Nrep is a real estate investor committed to driving meaningful change in the industry for the benefit of people and the planet. By taking a holistic, long-term approach to investing in various real estate segments—primarily residential, logistics, care homes, and offices—Nrep is recognized for its ability to transform the built environment, including several large neighborhood projects. The company manages 8 million square meters of real estate projects in Denmark, Finland, Sweden, Norway, Poland, and Germany, and more than 400 employees across Europe are working to decarbonize its real estate portfolio by 2028. Nrep is part of Urban Partners. For more information, visit www.nrep.com
Izabela Trancygier serves as Head of the Central-South Region at 7R and is responsible for the company’s business development in the Central-South region. She oversees the leasing and development divisions,…
