We are pleased to announce that Rymarz Zdort Maruta advised 7R, a Polish warehouse developer, in connection with the acquisition of “joint control” over the company by NREP (via its Luxembourg-registered fund, NREP Nordic Strategies Fund V Limited Partnership). Rymarz Zdort Maruta provided 7R with comprehensive transactional advisory services, as well as competition/antitrust advice.
7R is a dynamically growing developer headquartered in Poland, operating in the commercial real estate market providing A-class warehouses for rent. The company caters to various businesses by offering warehouse and industrial facilities including built-to-suit (BTS) projects. Its 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.
NREP operates in Sweden, Norway, Finland and Denmark, and its portfolio includes offices, apartments and warehouses. NREP entered Poland in 2021 and its first transaction in the country was NREP NSF IV’s acquisition of 100% of the shares in Biuro Inwestycji Kapitałowych (BIK), a Polish logistics developer. BIK’s operations are overseen by Logicenters, NREP’s logistics platform. NREP currently holds EUR 19.8 billion in assets under management.
“We are happy to have been given the opportunity to support our client in one of the largest real estate deals conducted in Poland in 2023 thus far. NREP will become a majority shareholder of 7R, investing approximately EUR 200 million of new equity in the company, which will allow 7R to grow in Poland and the Czech Republic” – said Paweł Rymarz, managing partner at Rymarz Zdort Maruta.
Work on the transaction was led by Paweł Rymarz and Piotr Fedorowicz. Members of the transactional team included Iwona Her (partner), Irmina Watly (counsel), Diana Sofu (senior associate), Piotr Wawrzeniuk (senior associate) and Patrick Koźliczak (associate).
“We would like to thank 7R for placing its confidence in Rymarz Zdort Maruta. This transaction will certainly serve as a hallmark for our law firm in the field of real estate” – summarised Piotr Fedorowicz, a partner and the head of the real estate practice at Rymarz Zdort Maruta.