Urban investor NREP has requested permission from the Polish competition authority UOKiK to acquire 'joint control' of Poland's 7R, a logistics developer.
Financial details of the mooted takeover were not revealed.
NREP's bid was submitted by its Luxembourg-headquartered fund, NREP Nordic Strategies Fund V Limited Partnership.
NREP first expanded outside its home market of the Nordics in 2021, when it bought a 98.9% stake in 7R's peer, Biuro Inwestycji Kapitalowych (BIK), which also develops warehouses across Poland.
The Danish firm followed up that move by buying more than 1,000 residential units in Warsaw from YIT to expand its Polish holdings and move into the country's living sector.
To date, 7R has developed some 1.8 million m2 of logistics and industrial, both as big boxes and smaller units, the latter under its 7R City Flex brand.
The firm has sold some €1.1 mln of stock and manages around 1.3 million m2 of space.
