7R and Nrep enter into strategic partnership

7R enters into a strategic partnership with Nrep, under which Nrep acquires a majority stake in 7R. The increase in share capital will allow the companies to grow dynamically in Poland and continue to develop projects in the spirit of ESG.

Nrep is a leading Nordic real estate investor focused on ESG. It has a presence in eight countries and manages €19 billion in assets with 8 million sqm. It successfully invests in logistics facilities through the Logicenters logistics platform. 7R, on the other hand, is an experienced Polish warehouse developer with projects totaling more than 1.8 million sqm to date. In 2022, 7R closed more than a dozen project sales worth more than €430 million, gaining a 20 percent share of the investment market in Poland.
The partnership means that Nrep (through Nordic Strategies Fund V) will become the majority shareholder of 7R. Investing some €200 million of new capital in the company, the investor will support 7R's further development with a focus on Poland. It also sees additional investment opportunities in the Czech Republic. 7R will focus on sustainable growth by building high-tech warehouses that meet the highest quality standards.

"Acquiring Nrep as a strategic shareholder is an extremely important step for 7R. The capital investment is an opportunity to continue our sustainable development efforts, expand into new markets and build long-term relationships with our tenants. By remaining an owner of certain assets, we will strengthen relationships with our tenants. This unique offering will differentiate 7R from other players in the market and bring tangible benefits to our customers. The new perspective will allow us to maintain our position as a leader in sustainable development." - Tomasz Lubowiecki, founder and CEO of 7R

Nrep's investment means that 7R is becoming one of the best capitalized logistics and industrial real estate developers in Poland. As before, 7R will continue to grow through joint ventures and develop its own real estate assets, while retaining some assets on the company's balance sheet.
Nrep is recognized as a leader in sustainable development - the company has invested in 7R with the NSF V fund, which, after raising €3.65 billion in capital, 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 are aligned with Nrep's values, particularly in the area of sustainability. The investment represents a unique opportunity to apply our decarbonization strategy to a large portfolio of properties and thus scale our efforts to reduce CO2 emissions. The collaboration will also give us access to a significant area of the market 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 to have Nrep as a new major shareholder in 7R. The conclusion of one of the largest M&A transactions in the logistics real estate market in Europe this year is the result of the business strategy we have followed over the past 24 months. The transaction will allow us to diversify our business, strengthen our customer relationships and capture new markets, thereby increasing our value to stakeholders." - Chris Zeuner, CIO and board member of 7R