Nrep acquired an 80% stake in 7R SA investing c. €200m into the company. The platform will continue to operate under the 7R brand and the partners are aiming to accelerate the growth of the company. After having completed a portfolio of 1,800,000m2 across 36 assets, 7R has an existing pipeline in excess of 2,300,000m2.
7R’s development portfolio is located in prime locations across Poland and serves a number of companies of different scales and industries, including third-party logistics operators, light manufacturing, e-commerce, pharmaceuticals and automotive. 7R offers the full cross-section of space including big box facilities as well as tailor-made built-to-suit warehouses and urban warehouses. Established 14 years ago, 7R is a founder-led company with a 154-strong team and renowned local market knowledge across its eight offices.
Rune Kock, CEO, Nrep, said: “7R is a business with good fundamentals, a strong standing in the market and priorities which align with Nrep’s sustainability efforts and values. This acquisition provides a unique opportunity to apply our decarbonisation focus on a large portfolio and scale our efforts to bring down CO2 emissions, as well as gain access to a significant pipeline in a market which has seen continued tenant demand but reduced supply. We look forward to working with the 7R team to capitalise on the opportunity.”
The acquisition expands Nrep’s total logistics platform, including the pipeline, to more than 4,200,000m2 buildings across six countries. The company has extensive experience in the sector, having been active in logistics since inception through its dedicated logistics branch Logicenters, and will apply its capabilities to further develop 7R into a leading institutional quality platform, and leverage its expertise to strengthen 7R’s capability to source, develop and hold prime logistics facilities in Poland, with a focus on bringing down the portfolio’s operational CO2-emissions.
Tomasz Lubowiecki, Founder and Chairman of the Board at 7R, said: “Obtaining Nrep as a strategic shareholder is an extremely important step in 7R's development. This new capital investment in 7R will allow the business to continue its sustainable growth, develop in new markets and focus on long-term tenant relationships, all of which is beneficial to all our business lines.”
Nrep was advised by Linklaters, PwC, EY, JLL and Savills, while 7R was represented by Cushman & Wakefield, KKW Legal, Rymarz Zdort Maruta and Crido.
