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7R and NREP corporate real estate transaction

CATEGORY
Investment Deal of the Year, CEE
Nrep (through Nordic Strategies Fund V) become a majority shareholder in 7R, investing approximately EUR 200 million of new equity in the company for its logistics development portfolio. The share capital increase will allow 7R to continue its growth in Poland and focus on developing new projects implementing enhanced sustainability standards.
Name of the deal
7R and NREP corporate real estate transaction
The date of closing the deal
2023
Value of the transaction (in EUR)
200000000
Yield
0
Seller, plus brief information about the company
7R - a dynamically growing developer of A-class warehouses. 7R portfolio includes large-scale logistics parks as well as small business units (SBU’s) and urban warehouses known as 7R City Flex. To date, 7R has successfully completed investments totalling 1.8 million sqm and currently has approximately 2.3 million sqm GLA in the pipeline, in Poland and Czechia. 7R actively engages in ESG activities, interacting responsibly with the environment, local communities, and corporate governance.
Consultancy which advised Seller
Cushman & Wakefield, KKW, Rymarz Zdort Maruta, Crido
Purchaser, plus brief information about the company
Nrep - a real estate investor committed to driving real change in the industry to benefit people and planet. Nrep investing across real estate segments, primarily residential, logistics, care homes and offices. The company manages 8 million square meters of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany, and has more than 400 employees across Europe working towards decarbonizing its real estate portfolio by 2028. Nrep is part of Urban Partners.
Consultancy which advised Purchaser
Linklaters, PwC, EY, JLL, Savills
Financing institution
n/a
Current occupancy level
100
Please say why this deal should be considered for the award
This is one of the largest real estate M&A transactions in the logistics sector in Europe this year. As a share capital increase, it has been one of the more complex transactions taking place in Poland this year. The investment though share capital increase is financing a substantial logistics development portfolio. 7R is now one of the most capitalised warehouse developer focused on Poland. It is a opportunity to apply the Nrep decarbonisation focus to large scale portfolio in Poland.