7R raises PLN 52 mln for warehouses in Poland, Czech Republic and Germany
7R raised PLN 52 mln through a bond issuance to fund expansion of warehouse projects in Poland, Czechia, and Germany. The company plans to build a logistics portfolio of up to 800,000 sqm in the coming years, responding to strong market demand.
The bonds were issued for three years with interest at WIBOR 6M plus 4.25%, and the cost of debt was lower than in previous issues, reflecting improved credit profile and investor confidence.
The warehouse market remains strong, with demand at 6.8 million sqm and declining vacancy rates. This supports further development and signals that capital remains available for well rated companies despite challenging economic conditions.