7R and Nrep Form a Strategic Partnership – the Czech Republic Will Also Benefit

7R, a leading developer of high-quality warehouses and industrial facilities, is entering into a strategic partnership under which Nrep will acquire a majority stake in the company. The capital increase will enable 7R and Nrep to continue their growth in the Czech Republic and Poland and focus on developing projects in line with ESG policies.

The partnership means that Nrep (through the Nordic Strategies Fund V) will become the majority shareholder of 7R and invest approximately €200 million in new capital, enabling 7R to continue its growth with a focus on the Czech Republic and Poland. 7R will focus on sustainable development by building technologically advanced warehouses that meet the highest sustainability standards.
Chris Zeuner, 7R’s CIO, who is based in Prague, states: “7R has already purchased one plot of land in the Czech Republic along the D1 highway and is currently acquiring additional land suitable for industrial development.”

Nrep’s capital investment in 7R means that the company is one of the most well-capitalized developers of logistics and industrial properties in Poland. 7R will continue to grow through third-party capital in joint ventures and will also continue to develop its own real estate portfolio by retaining certain assets on 7R’s balance sheet.

Nrep is recognized as a leader in the field of sustainable development and has invested capital from the NSF V fund into 7R. Having raised €3.65 billion in equity, NSF V is currently the largest European real estate fund focused on value-added properties.

Rune Kock, CEO of Nrep, adds: “7R is a company with a solid foundation, a strong market position, and priorities that align with Nrep’s sustainability efforts and values. This acquisition provides a unique opportunity to apply our focus on decarbonization to a large portfolio and expand our efforts to reduce CO2 emissions. “We will also gain access to a significant portfolio in a market that has seen continued tenant demand and a long-term, constrained supply. We look forward to working with the 7R team to capitalize on this opportunity.”

“We are pleased that Nrep has become a new major shareholder in 7R,” continues Chris Zeuner, CIO and member of the Board of Directors at 7R. “The closing of one of this year’s largest M&A transactions in the logistics real estate sector in Europe validates the business strategy that 7R has pursued over the past 24 months and will enable 7R to diversify its activities, capabilities, and client relationships in new markets and increase shareholder value.”

Nrep is a renowned ESG-focused real estate investor with extensive experience gained in the Nordic countries, managing assets worth 19 billion euros. It manages eight million square meters of real estate projects across eight countries and, since its inception, has successfully invested in logistics facilities through its specialized logistics subsidiary, Logicenters. 7R, in turn, is an experienced Polish developer of warehouse and industrial facilities that has completed projects totaling over 1.8 million square meters to date. In 2022, 7R closed more than a dozen transactions with a total value of over 430 million euros, achieving a nearly 20% share of the market for investments in warehouse and industrial facilities in Poland.
7R was represented in the transaction by Cushman & Wakefield, KKW, Rymarz Zdort Maruta, and Crido, while Nrep was advised by Linklaters, PwC, EY, JLL, and Savills.

About 7R

7R is a rapidly growing real estate development company based in Poland that operates in the commercial real estate market and offers Class A warehouses for lease. The company caters to a variety of businesses by providing warehouse and industrial spaces, 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, 7R has successfully completed investments totaling 1.8 million square meters and currently has more than 2.74 million square meters under development in Poland and the Czech Republic. As a testament to its commitment to sustainability, 7R is actively engaged in ESG activities, acting responsibly toward 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. When investing in various real estate segments—primarily residential housing, logistics, assisted living facilities, and offices—Nrep takes a holistic and long-term approach and is recognized for its ability to reimagine the built environment, including several large-scale neighborhood projects. The company manages 8 million square meters of real estate projects in Denmark, Finland, Sweden, Norway, Poland, and Germany and has more than 400 employees across Europe working to decarbonize its real estate portfolio by 2028. Nrep is part of Urban Partners.
For more information, visit www.nrep.com.