ARTICLES LABELLED WITH TAG NREP

Nrep, the ESG-focused real estate investor with €19 billion of assets under management, has purchased a controlling stake in Polish industrial developer 7R. Following the deal, Nrep will invest around €200 million of new equity in the company.

Investor NREP wants to take control of property developer 7R. The Scandinavian fund has already acquired another Polish logistics developer, BIK SA, in 2021.

Cushman & Wakefield has been appointed by BIK S.A. to manage a property portfolio comprising four logistics parks. BIK S.A. is a Polish logistics developer owned by investment fund NREP NSF IV and supervised by Logicenters – the logistics platform of NREP. Cushman & Wakefield will provide integrated asset management solutions including financial and accounting services and ESG strategy execution advisory for Logistics Centre Kraków I, Logistics Centre Kraków II, BIK Park Sosnowiec II and BIK Park Wrocław I, with a combined leasable area of around 80,000 sqm.

In late 2022, NREP made 116 fully furnished and equipped apartments available for rent at Kłobucka Street in Warsaw. It is NREP’s first completed residential investment in Poland. The first tenants moved in at the beginning of December, and the building is now nearly fully leased.

The construction of over 800 living units has started at the intersection of Postępu and Domaniewska Streets in Warsaw. The project has been developed by YIT for the leading Nordic real estate investor NREP. Unibep has been chosen as the general contractor. Smartti Mokotów will be the largest professionally run lease facility in Poland.

The 2028 pledge, launched ahead of COP26, is a potential game changer for the industry as the accelerated action plan aims at net zero without offsets several years ahead of IPCC’s target date. Nordic real estate investor, NREP, has committed to being carbon neutral by 2028 without offsets, encompassing both operational and embodied carbon. 

Nordic investor NREP has recently made headlines by entering the Polish market with the acquisition of a 130,000 sqm logistics portfolio and over 1,000 apartments. Stefan Wallander, Chief Business Officer of NREP talked to Property Forum about their entry into the local market, rising apartment prices and sustainability commitment.

NREP, one of the leading real estate investor in the Nordic countries, will soon open an office in Warsaw. NREP has just finalized the purchase of a logistics portfolio of 130,000 sqm and over 1,000 new apartments in Warsaw.