In 2019, 7R commissioned 14 new warehouse facilities in 11 Polish markets. At the same time, the developer increased the level of leased space by almost 45%, successfully sold projects, established international strategic partnerships for the construction of further warehouses, and strengthened the team with the best industry professionals.
Investors are returning to 7R products
In June 2019, we finalized a transaction with SELP for the sale of a warehouse park in Wrocław, and in the autumn we signed an agreement for the construction of a City Flex facility in Łódź on Transmiscyjna Street. At the beginning of this year, SELP purchased from us two more City Flex urban warehouses in Łódź, and another in Wrocław. In total, we have done four joint transactions in just eight months. This is the best recommendation for the quality of our products, when partners such as SELP choose more 7R warehouses to expand their real estate portfolio,
says Bartłomiej Krawiecki, Member of the Board and Head of Development at 7R.
Business partnerships
As 7R we want to not only be an active participant in the strategic growth for the Polish economy of the warehouse sector, but also to raise additional capital for its development. We believe that concluding international partnerships and combining our unique know-how will bring the intended results. We focus on high-quality products in top locations and emerging regional markets. All this is aimed to becoming the partner of choice for tenants and investors,
comments Tomasz Lubowiecki, President of the Board at 7R.
7R builds a strong team
Plans for 2020
We will continue to develop logistics parks and our network of City Flex urban warehouses across the country, focusing heavily on markets outside the Big Five. Investor interest in our projects remains strong, so we expect to conclude further sales transactions. Eco solutions are becoming increasingly important in the warehouse sector, which has been increasingly a matter of focus for both customers and tenants of the logistics industry. That is why this year we announced the creation of a new 7R Green product line. Green practices must become the standard on the warehouse property market as a clear response to continual climate change,
adds Tomasz Lubowiecki.
