NREP acquires majority stake in Polish logistics developer 7R, investing €200m
NREP has agreed to acquire an 80 percent stake in 7R, one of the largest logistics developers in Poland, investing approximately €200 million ($200 million) 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 1.8 million square meters (19.4 million square feet) across 36 assets, 7R has an existing pipeline in excess of 2.3 million square meters (24.8 million square feet).
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, ecommerce, 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 r