To date, 7R has completed projects with a total area of 1.8 million sqm. In 2022, the developer closed more than a dozen transactions totaling over €430 million, reaching nearly 20% share of the warehouse and industrial facility investment market in Poland.
“This acquisition provides a unique opportunity to apply our decarbonization 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,” says Rune Kock, CEO of Nrep.
Nrep invested in 7R with capital from NSF V, which, having raised €3.65 billion of equity, is the largest Europe-focused value-add real estate fund to date.
Chris Zeuner, CIO and Board Member of 7R said the developer will diversify its operations, capabilities, and client relations into new markets due to Nrep’s investment.
Cushman & Wakefield, KKW, Rymarz Zdort Maruta, and Crido represented 7R in the transaction, while Nrep was advised by Linklaters, PwC, EY, JLL, and Savills.
Nrep, part of Urban Partners, manages 8 million square meters of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany.