Industrial developer 7R has allocated 96% of net proceeds from its green bond issuances to financing seven projects within the green buildings category, according to its newly published Green Bond Allocation and Impact Report.
7R's green bond financing programme launched in February 2025 with a €34 million issuance maturing in 2028. By February 2026, the total value of green bonds issued had increased to €80.5 million.
The funds were allocated to financing seven warehouse and production developments located across Poland, with a total gross leasable area of 543,596 sqm. The largest allocations were to 7R Park Kraków 3 (35.0%) and 7R Park Warsaw 10 in Stara Wieś (18.2%), followed by 7R Warsaw South I in Nadarzyn (16.3%) and 7R Park Gdańsk IV (11.2%). Other projects include 7R Park Zabrze I (7.4%), 7R Park Poznań East in Pobiedziska (4.7%) and 7R Park Gdańsk V in Barniewice (3.8%).
Each project meets environmental eligibility criteria, either having achieved or targeting Breeam Excellent certification or higher. 7R Park Gdańsk IV has already attained the Breeam Outstanding rating with a score of 88.8%. A key technical parameter is Primary Energy Demand, which must be at least 10% lower than the local Nearly Zero Energy Buildings benchmark. 7R Park Gdańsk IV achieved a 60.8% reduction versus the applicable standard.
"The published report demonstrates that sustainability is a tangible component of our business strategy, not merely a declaration," said Tomasz Mika, CFO and Management Board Member at 7R. "The near-full allocation of proceeds within the first year following the green bond issuance confirms our ability to effectively combine environmental objectives with investment discipline and long-term value creation."
