7R announces Michał Białas and Chris Zeuner as co-CEOs
Michał Białas and Chris Zeuner have been appointed as co-CEOs of the 7R and will share the leadership equally. The co-management model marks a new chapter in the continued progress of 7R, a developer of sustainable high-quality warehouses.
Michał Białas, the current Chief Business Development Officer and member of 7R’s Board of Directors and Chris Zeuner, the current Chief Investment Officer have assumed the positions of co-CEO on 19th June 2024. They replace Tomasz Lubowiecki, founder and current CEO of 7R. The new CEOs will manage in a partnership model, focusing on different business areas in line with their experience. – We see strong long term potential on the Polish logistics market. Fully tapping into this potential is presenting ever growing requirements to leadership, mastery of tenant relationships, land owners, municipality relationships, capital partners, lenders and sustainability. 7R as one of the leading developers is in a great position to take benefit of this opportunity, and the cooperation of two strong leaders with complementary skills and different experiences provides the company with the best leadership to succeed. We congratulate Chris and Michał in their new roles and look forward to a great future together – comments Petri Valkama, Partner & Head of Strategic Transactions at Nrep, the majority shareholder of 7R.
Tomasz Lubowiecki, former CEO and co-founder of 7R, will take a position on the Supervisory Board. He also remains a minority shareholder in 7R. – I am pleased to hand over the reins to the management team – Chris and Michał, who will lead 7R into its next phase of progression. They are the perfect leadership duo to strengthen 7R’s position in Poland and execute ambitious growth plans in the Czech Republic and other foreign markets. I have enjoyed creating the 7R business that’s why I will always be happy to provide advice and active support. The company remains close to me, and its successes have been, are and will always be a source of great satisfaction. – says Tomasz Lubowiecki.
Michał Białas has held the role of Chief Business Development Officer at 7R and his responsibilities included developing the company, expanding the real estate portfolio, and overseeing leasing and marketing activities. As co-CEO, he will be responsible for departments: Business Development, Leasing, Land Acquisition, Construction & Sustainability and Marketing & Communications. Prior to 7R, he led industrial real estate investor Accolade’s business in Poland, he was also a Board Member of Accolade’s SICAV fund. Michał graduated from IMD, London School of Economics and Political Science, Warsaw School of Economics and SWPS University.
Chris Zeuner has so far served 7R as Chief Investment Officer and Member of the Board. His focus of responsibilities included group capital strategy, growth and expansion to other markets. As co-CEO, all other functions will report to him, including
Capital Markets, Finance, People & Culture, Asset & Property Management, Legal & Compliance and International. Prior to 7R, Chris was Head of Europe at Amstar, a real estate private equity group, and worked for several blue-chip private equity real estate investors including LaSalle Investment Management, JER Partners and GE Capital Real Estate. He graduated from Nottingham Trent University.
About 7R
7R is a fast-growing, Poland-based developer of commercial real estate, offering Class A warehouses for lease. The company serves a variety of industries, offering 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 totaling more than 1.8 million sq. m. and has about 2.3 million sq. m. in the pipeline. GLA in Poland and the Czech Republic. Demonstrating its commitment to sustainability, 7R engages in ESG activities, taking care of the environment, local communities and corporate governance. For more information, visit www.7rsa.pl
