Eurobuild Awards

NREP

CATEGORY
Investor of the Year, CEE
Over the past year, Nrep (through NSFV) has invested more than EUR 300m in Poland in the logistics and living segments, making a significant impact on the domestic real estate market. Nrep’s investment into 7R accounts for c. 10% of the total transaction volume in Poland and marks one of the largest real estate M&A deals in 2023. Nrep’s majority shareholding in 7R goes beyond investing into an industrial development pipeline; it is the objective of both Nrep and 7R to become a leader in sustainable real estate in Poland and Czechia, capitalizing on Nrep’s vast experience from the Nordics. In the PRS sector, Nrep introduces innovative concepts to Poland, notably the Noli studios co-living platform. Moreover, the assets integrated into the PRS portfolio go above and beyond the sustainability market standard for residential properties in Poland. This is achieved throughESG certification and the incorporation of sustainability solutions aimed at a substantial reduction in carbon footprint.
Name of company
NREP
Name of President or Managing Director for the region
Maciej Piotrowicz, Head of Poland
Profile of President or Managing Director for the region
Maciej Piotrowicz is a seasoned real estate manager specializing in investments and innovative living sector projects. In Poland, he leads the growth of two platforms: Noli Studios and Lett. In Nov`2023, he launched Poland’s first co-living project, setting new standards in the residential market.
Description of company and team
Nrep - a real estate investor committed to driving real change in the industry to benefit people and planet. Nrep invests across various real estate segments, primarily residential, logistics, care homes and offices. The company manages 8 million sqm of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany, and has more than 400 employees working towards decarbonizing its real estate portfolio. Nrep is part of Urban Partners.
Office projects included in the portfolio
N/A
The value of office properties held by investor
0
Retail projects included in the portfolio
N/A
The value of retail properties held by investor
0
Warehouse projects included in the portfolio
Logicenters, a logistics platform owned by Nrep, entered the Polish warehouse market in 2021 with the purchase of BIK SA. Subsequently, in 2023, the investor acquired an 80% stake in the Polish developer 7R. Logicenters' portfolio (incl. development pipline) in Poland encompasses c. 2.5m sqm.
The value of warehouse properties held by investor
260000000
PRS projects included in the portfolio
Nrep is developing two platforms:Lett, with over 400 rental apartments across 3 locations in Warsaw and 400 more in the pipeline,and Noli Studios, offering an innovative co-living product (launched in Poland in Nov '23). Additionally, ~1500 units across 5 assets are committed and under construction.
The value of PRS properties held by investor
250000000
The largest purchase transactions between July 2023 and June 2024
During this period Nrep has committed EUR 320 m, including EUR 200 m as part of it’s logistics platform 7R and ~EUR 120m into PRS asset with 1000+ units across 2 platforms: Lett rental housing and co-living Noli Studios.
Future plans
Nrep plans new projects in Warsaw, Wrocław, Gdańsk, and Kraków, including the development of products within the living sector and further expansion of its logistics portfolio, by setting ambitious decarbonization targets, implementing sustainable practices, and forming strategic partnerships.
Company website
https://nrep.com/