7R sold a portfolio of over a dozen projects to CTP Group
7R, a Polish company specializing in providing customers with innovative and ecological warehouse and production space, has finalized the sale of a portfolio of over a dozen projects to CTP Group. The portfolio includes both investments under construction, including in Warsaw and Katowice, as well as others across Poland in the pre-development phase.
"In 2021, we sold 17 projects to investment funds and international real estate companies for a total amount of nearly 400 million euros. When preparing our projects, we take care to build their long-term value, which is why, in addition to excellent locations, we also focus on innovative, ecological solutions and compliance with sustainability criteria. I am glad that CTP Group has chosen our assets to develop its logistics portfolio in Poland. This is a significant strengthening of our capital capabilities, which allows us to actively implement subsequent stages of the 7R brand development strategy." - Tomasz Lubowiecki, CEO of 7R.
CTP is the largest owner, developer, and manager of logistics and industrial real estate in continental Europe by gross leasable area, listed on the Amsterdam Stock Exchange since 2021. The portfolio acquired from 7R consists mainly of big-box logistics parks that are in the pre-development and development phases. They are located in Central Poland, Northern Poland, and Silesia.Since the beginning of its operations, 7R has completed projects with a total area of nearly 1.5 million sqm. Currently, the developer has over 4 million sqm in the investment process in various locations throughout Poland. Construction of the first 7R foreign project is set to start in the Czech Republic in the fourth quarter of this year.
