Press release

7R partners up with WOOD & Company to develop over 150,000 sqm of logistics facilities in Pomerania

13 maja 2024

7R, a leading developer of high-quality warehouses, has started a partnership with WOOD & Company to jointly realize the development of 7R Park Tczew III. The first of four warehouses, mostly leased by ESA logistika Polska, has just been commissioned by Dekpol Budownictwo. Further halls are in the pipeline.

7R Park Tczew III is 7R Group's third project in Tczew, which will ultimately comprise over 150 thousand sq m of space, divided into four halls of different sizes. The new 7R project is characterised by a very good location - the facility is positioned south of Gdansk, directly on the A1 motorway.

7R will invest in the project together with WOOD & Co., an experienced investor from the Czech Republic. – Poland is one of the most attractive markets for investment in logistics, serving as a hub for manufacturing, distribution, logistics and business support services. The combined costs of warehouse leasing, energy, and labour are among the lowest in the region, up to a third lower than in the Czech Republic and more than 60 per cent lower than in Germany – says Jiří Hrbáček, Portfolio Manager of WOOD & Company.

- This is WOOD & Company Group's first investment in the logistics segment. We have become a partner in this pioneering transaction and we are very pleased with the trust shown in us. We want to build a broader cooperation together and we hope that the realisation of 7R Park Tczew III is the first of many joint projects. 7R offers individual investment strategies tailored to the needs of large institutional investors, smaller funds and private investors alike - comments Magdalena Uler – Kłeczek, Head of Capital Markets, 7R.

The general contractor for the project, Dekpol Budownictwo, has just completed construction of the first phase of the 150,000-square-metre project. The modern hall, 12.5 metres high, was constructed using prestressed concrete-based production technology, which guarantees the high quality and durability of the entire structure. Construction took seven months and progressed very smoothly. The first tenant was ESA logistika Polska, a leading logistics operator, which will occupy over 31,000 sqm. The building is designed according to the ESG principles, on BREEAM Excellent level.

- We have 14,000 sq m available for lease now, with a further 105,000 sq m under development. Demand for high-end warehouse space in Pomerania is growing steadily, attracting not only the logistics and manufacturing industries, but also companies from the RES sector. We are prepared to present attractive business solutions for this sector - says Marzena Taube, Regional Leasing Director w 7R.

About 7R

7R is a fast-growing, Poland-based developer of commercial real estate, offering Class A warehouses for lease. The company serves a variety of industries, offering warehouse and industrial facilities, including built-to-suit (BTS) projects. Its portfolio includes large-scale logistics parks, as well as small business units (SBUs) and urban warehouses known as 7R City Flex. To date, the company has completed projects totaling more than 1.8 million sq. m. and has about 2.3 million sq. m. in the pipeline. GLA in Poland and the Czech Republic. Demonstrating its commitment to sustainability, 7R engages in ESG activities, taking care of the environment, local communities and corporate governance. For more information, visit www.7rsa.pl

About WOOD & Company

WOOD & Company is a major financial and investment group with a leading position in the Central European market, founded in 1991 and with offices in seven major European cities - Prague, Bratislava, Warsaw, Milan, Bucharest, Dublin and London. It focuses on providing services in the areas of corporate finance and capital markets, securities trading and asset management. A significant part of the group is real estate funds and online investment platform Portu.