Press release

7R and EQT Exeter to develop logistics park in Greater Prague

22 listopada 2024

7R, a developer of high-quality warehouses and EQT Exeter, a global real estate investment manager will jointly develop a two-building, 56,000 sqm logistics scheme strategically located along the D8 Motorway servicing Greater Prague.

EQT EXETER PARK PRAGUE D8 LUZEC features two modern warehouses with areas of 44,000 sqm and 12,000 sqm, offering 68 docks in total and 12 m clear height. They will be developed according to the best ESG practices, including preparation for photovoltaic and heat pump installations.

7R is a well-established, developer of commercial real estate in Poland and Czech, specializing in high-quality, flexible warehouse solutions for lease. EQT Exeter is among the largest real estate operating companies in the world and is focused on acquiring, developing, and managing logistics and residential properties across the Americas, Europe, and Asia. The project was sourced, permitted and will be developed by 7R. It will be funded by EQT Exeter, with both groups jointly managing the leasing.

- The project, executed on a speculative basis and already attracting significant tenant interest, is 7R’s second venture in Czechia, following the 7R Park Lavičky D1 Highway. With its blend of cutting-edge design and eco-friendly solutions, it sets a new standard for industrial spaces, embodying the innovative and sustainable approach typical of 7R – explains Chris Zeuner, Co-CEO, 7R.

The property, located in the Northern Prague submarket of Lužec, offers convenient access to the capital and key Czech and international markets, situated just 25 minutes from Prague city centre and within reach of Dresden (101 km), Pardubice (122 km), Pilsen (125 km), Brno (238 km), and Wroclaw (280 km). - The park offers exceptional connectivity, aligning with our goal to develop high-quality logistics facilities in prime locations that service the operational and sustainability needs of our tenant customers - says John Toukatly, Partner & CIO of EQT Exeter Europe.

EQT EXETER PARK PRAGUE D8 LUZEC is designed to meet BREEAM Excellent standards and incorporates a range of sustainable solutions, including energy-efficient LED lighting, electric vehicle charging stations, and biodiverse landscaping.

In this transaction, 7R was advised by Cushman & Wakefield and Kinstellar, while EQT Exeter was advised by Dentons.

ABOUT 7R
7R is a well-established developer of commercial real estate operating in Poland and Czechia, specializing in high-quality, flexible warehouse solutions for lease. Serving a range of industries, 7R leverages its deep expertise to offer warehouse and industrial facilities, including tailored built-to-suit (BTS) projects. Orifinally founded in Poland, the company’s portfolio spans large-scale logistics parks, small business units (SBUs), and 7R City Flex urban warehouses. With a track record of over 1.8 million sq. m. in completed projects and an additional 2.5 million sq. m. GLA in progress across Poland and Czechia, 7R is positioned as a trusted, financially robust partner. Environmental, Social, and Governance (ESG) initiatives are fundamental to 7R’s approach, highlighted by the 7R Green Saver building standard that boosts energy efficiency and supports tenants in achieving sustainability goals. The Company is also committed to community engagement and upholding the highest standards of corporate governance.

For more information, visit www.7rsa.pl

About EQT Exeter

EQT Exeter is a global real estate investment manager with nearly $30 billion of equity under management. EQT Exeter acquires, develops, leases, and manages logistics/industrial, office, life science and residential properties in Europe, the Americas and Asia. With over 450 experienced professionals operating in more than 50 offices globally, EQT Exeter owns and operates over 2,000 properties and 375 million square feet. EQT Exeter's track record comprises over $45 billion in total property gross asset value since inception, spanning over 450 million square feet globally. EQT Exeter is the real estate division of EQT AB, a purpose-driven global investment organization.

More info: https://eqtexeter.com/