7R, a warehouse developer, has completed the third phase of its green bond issuance, raising PLN 83.9 million (approximately €19.75 million). Since the beginning of this year, the company has obtained capital totalling approximately €77 million, marking progress within its €100 million bond program.
"Our third issuance this year highlights the confidence investors have in our strategic vision and ability to achieve our objectives. The funds raised have enabled us to acquire and secure sites for projects totalling approximately 400,000 sqm in locations across Poland," stated Tomasz Mika, CFO and Member of the Management Board at 7R.
The projects are designed to meet environmental criteria, including achieving BREEAM certifications and exceeding local Nearly Zero Energy Building standards by at least 10 percent. 7R has demonstrated its ability to deliver sustainable projects with the development of its 7R Green Saver product line.
The bonds were issued under the 7R Green Finance Framework, which aligns with the International Capital Market Association Green Bond Principles and the Loan Market Association Green Loan Principles. Michael / Ström Brokerage House is the sole organiser of the issuance under the program.
7R is a developer of commercial real estate operating in Poland and Czechia, specialising in warehouse solutions for lease. The company's portfolio spans logistics parks, small business units, and 7R City Flex urban warehouses. With a track record of over 1.8 million sqm in completed projects and an additional 2.5 million sqm in progress across Poland and Czechia, 7R positions itself as a partner in the logistics sector.
