Wednesday, 15 July 2026
Polish logistics property developer 7R plans to invest about €70 million in the acquisition, refurbishment and expansion of a warehouse complex in eastern Berlin, marking its first project in Germany.
The company said it had completed the main formalities connected with acquiring the property from KARL Gruppe. The purchase price was not disclosed.
The site, located in Berlin’s Lichtenberg district within the BEGEWO industrial area, covers approximately 93,000 square metres and contains an existing warehouse of around 20,000 square metres. According to 7R, more than 90% of the current space is leased.
Operating under the name 7R City Park Berlin East, the brownfield project will combine refurbishment of the existing building with the planned construction of two additional warehouses. The new buildings would provide approximately 23,000 square metres, increasing the complex’s total area to about 43,000 square metres.
7R expects to complete the expansion between 2027 and 2028. The company will initially continue managing the existing property while preparing the technical documentation and approvals required for the new buildings.
The project is being financed through 7R’s own capital, debt and an investment from the Polish International Development Fund 2, which is managed by PFR TFI. Under the arrangement, the fund will acquire a minority interest in 7R’s German subsidiary. The parties did not disclose the value of the fund’s contribution or the amount of debt financing.
The property occupies part of a former concrete-production site at Bennostraße and Gehrenseestraße. KARL Gruppe is redeveloping the broader 200,000-square-metre BEGEWO area for logistics, commercial businesses, urban services and small and medium-sized companies.
7R said it plans to retain and modernise existing infrastructure where possible. This approach would limit the amount of previously undeveloped land required for the project.
The Berlin investment is the first step in 7R’s planned expansion into Germany’s largest metropolitan property markets. The company is considering further urban logistics projects in Berlin, Hamburg, Munich, Cologne, Frankfurt, Stuttgart and Düsseldorf.
Potential tenants include companies involved in e-commerce, retail, logistics, light manufacturing and business services. The Lichtenberg location is intended to serve urban distribution and last-mile delivery operations within Berlin.
7R cited German market data showing that warehouse and logistics take-up reached nearly 6.1 million square metres in 2025, an increase of 14% from the previous year. The company did not identify the source of those figures in its announcement.
The project also reflects an expansion of 7R’s business model beyond the construction of new logistics facilities. The company is increasing its focus on acquiring, refurbishing, leasing and managing existing properties.
