For pushing full steam ahead in driving value to the real estate industry.
In a year when most investors adopted a wait-and-see approach, some chose to seize opportunities.
Nrep, the ESG-focused real estate investor, has formed a strategic partnership through the acquisition of an 80% stake in 7R (7R SA), one of the largest logistics developers in Poland, investing approximately €200m into the company. The platform will continue to operate under the 7R brand, with partners focused on propelling the company’s growth. After having completed a portfolio of 1.8 million sqm across 36 assets, 7R has an additional pipeline exceeding 2.3 million sqm.
I think that this one deal alone does not necessarily signal that the market has completely turned around, but given the scale and strategic nature of our investment, we feel that we have firmly established our logistics business in the Polish real estate market and are strongly positioned to seize opportunities during the anticipated upswing in the next 24 months.
- Soren Rodian Olsen, head of NREP’s Logicenters in Poland
