7R raises €35 million in first phase of green bond issue

Warehouse space developer 7R has completed the first phase of its green bond issuance, marking the inaugural step in its €100 million bond program. Initially aiming for €25 million, the company experienced exceptionally high demand from institutional and selected private investors, allowing it to raise the total amount of €35 million.

“The strong interest from investors and the oversubscription of our green bond issuance highlights the confidence in 7R’s solid foundations, clear vision, management and capability to achieve our goals. This milestone demonstrates our dedication to advancing our growth strategy while utilising suitable and sustainable funding solutions,” said Chris Zeuner, Co-CEO of 7R.

The proceeds from the green bonds will be used to support the development of over 350,000 sqm GLA throughout 2025. These projects are designed to meet strict environmental criteria, including achieving BREEAM Excellent certifications or above and exceeding the local Nearly Zero Energy Building (NZEB) standards by at least 10 percent. 7R has already demonstrated its ability to deliver such ambitious sustainable projects with the successful development of 7R Green Saver product line. The eligible green projects funded by this issuance will contribute to the EU’s climate change mitigation goals and support the achievement of UN Sustainable Development Goals.

The bonds were issued under the 7R Green Finance Framework, which aligns with the International Capital Market Association (ICMA) Green Bond Principles and the Loan Market Association (LMA) Green Loan Principles. This ensures the highest standards of transparency and accountability. Michael / Ström Brokerage House is the sole organizer of the issuance under the program. The bonds will be listed on Catalyst, reinforcing the company’s commitment to transparency, sustainable development and responsible financing.