Real estate developer 7R has successfully allocated 96 percent of the net proceeds from its green bond issuances by 3 February 2026 to the financing or refinancing of seven eligible projects within the Green Buildings category, according to the newly published Green Bond Allocation and Impact Report. The document outlines the use of funds raised under last year’s issuances and confirms their tangible, measurable environmental impact.
7R’s green bond financing programme was launched in February 2025 with an inaugural €34 million issuance maturing in 2028. By February 2026, the total value of green bonds issued had increased to €80.5 million. All proceeds have been allocated in accordance with the 7R Green Financing Framework, which is aligned with the international ICMA Green Bond Principles and LMA Green Loan Principles, ensuring full transparency and financial accountability. An independent second-party opinion was provided by ISS Corporate Solutions. Oversight of the process was exercised by the 7R Green Finance Committee, ensuring that investments support the United Nations Sustainable Development Goals, including climate action and clean energy.
The funds were allocated to the financing or refinancing of seven eligible 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 percent) and 7R Park Warsaw 10 in Stara Wieś (18.2 percent), followed by 7R Warsaw South I in Nadarzyn (16.3 percent) and 7R Park Gdańsk IV (11.2 percent), which was additionally refinanced in the amount of €27 million. Other projects covered by the report include 7R Park Zabrze I (7.4 percent), 7R Park Poznań East in Pobiedziska (4.7 percent) and 7R Park Gdańsk V in Barniewice (3.8 percent).
Each of the projects meets stringent environmental eligibility criteria, either having achieved or targeting BREEAM “Excellent” certification or higher. Notably, 7R Park Gdańsk IV has already attained the prestigious BREEAM “Outstanding” rating with a score of 88.8 percent. A key technical parameter for the projects is Primary Energy Demand, which must be at least 10 percent lower than the local Nearly Zero Energy Buildings (NZEB) benchmark. A standout example is 7R Park Gdańsk IV, where the reduction reached 60.8 percent versus the applicable standard. In addition, for all projects financed with green bond proceeds, Global Warming Potential (GWP) is calculated across the full life cycle, enabling transparent reporting of carbon footprint data to investors and tenants.
Tomasz Mika, CFO and management board member at 7R, commented: “The published report demonstrates that sustainability is a tangible component of our business strategy, not merely a declaration. The near-full allocation of proceeds within the first year following the green bond issuance confirms our ability to effectively combine ambitious environmental objectives with investment discipline and long-term value creation. From a financial perspective, green bonds represent an efficient tool for diversifying 7R’s funding sources. At the same time, the report confirms that the proceeds are used in a transparent manner and in line with international capital market standards, which is of key importance to institutional investors.”
The Green Bond Allocation and Impact Report forms part of 7R’s long-term commitment to transparency, responsible capital management and regular reporting on progress towards its environmental objectives. The report was prepared under the auspices of the Management Board of 7R, and its authors are Piotr Pikiewicz, Head of Corporate Debt & Treasury; Marek Bielecki, Treasury Manager; and Damian Kołata, Head of Commercial.
