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Poland Philosophy in action

Eurobuild Awards
The Eurobuild Award 2023 for Outstanding Contribution to Real Estate went to… Tomasz Lubowiecki, a founder and the chairman of the board at 7R

Tomasz Lubowiecki founded 7R from humble beginnings, but in just 15 years has created a strong and well-known brand. Since then, and without the support of foreign capital, the warehouse developer has grown to become one of the leaders of the sector, successfully competing with international players. This year, he signed one of the largest M&A deals on the European real estate market by partnering with Nrep

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"Eurobuild CEE": Your success story is the kind that people always find irresistible. You started almost from scratch as a small local company with very little capital, but since then you have climbed to the top of the tree and become one of the three most active warehouse developers in Poland. What are you most proud of when you look back at what you have achieved over these years?

Tomasz Lubowiecki: This is a difficult question, because whenever I hear the word ‘proud’, I immediately think of the saying: pride comes before a fall. Indeed, looking back over these last 15 years, I am very happy with what we have accomplished. I always try to see beyond the horizon, which led me towards creating something big. But I wanted 7R to be more than that. I wanted 7R to stand out. I wanted to add more colour to the greyness of warehouses. But I’m not just talking about appearances, although design has always been important to me. Above all, I wanted 7R to stand out through its quality: the quality of the buildings, the quality of the approach to customers, and the quality of our approach to partners. This is what we have succeeded in doing; and of this, I am very proud. Throughout this adventure, we have constantly striven to stay ahead of the curve and anticipate the market demand. We have assembled a dedicated team of professionals who share our passion and commitment. This unique approach is our strength, and our dynamic nature has positioned us as both a leader and a pioneer in our sector.

What was the most difficult thing that you’ve had to face to make this story come true?

The thing that has always held us back from creating something bigger was the capital. Initially, it was difficult to convince anyone that we could do it, but we were determined and open to enter into partnerships – firstly with private capital, then institutional capital, and eventually partnerships with competitors. This openness is the basis of our success, which is reflected by the award I have received today. I am proud of what we have accomplished with our partners because the landscape of today's industrial real estate segment is largely the result of this cooperation, for which I am very thankful.

For many years, 7R was also unique in that it relied entirely on Polish capital for its growth. That changed in August 2023, when Danish real estate investor Nrep acquired a majority stake in your company. How has this changed the way you work, and what does this change mean for you?

The partnership with Nrep is a very strategic step for us. It means that we have gained a strong and reliable partner who shares our vision and values, who can support us with their expertise and capital, and who happens to be an industry leader in sustainability. In this way, we have gained access not only to the best know-how but also to a wider network of clients and opportunities, both in Poland and abroad. The way we work has not changed very much. We still make our own decisions, but we also consult and cooperate with Nrep on the most important matters.

What are 7R’s next steps going to be – your next goals?

Our next goal is to become a fully integrated real estate company, not only as a developer but also as the owner and manager of our assets. We want to build and retain our own portfolio of properties, which will generate stable and long-term income. We also want to continue to develop our projects in line with the highest sustainability and social responsibility standards. We believe that the future of the warehouse market lies in adopting ESG principles, and we want to be the leader in this field.

In the last two decades, many changes have taken place in the warehouse market. Buildings have become much more complex, environmentally friendly, people-friendly, and automated. What do you think will be the single most important change in terms of warehouses as a product and the market itself in the foreseeable future?

I think that the most important change will be the increasing demand for flexibility. Warehouse users will expect more than just a box to store their goods. They will want space that is comfortable and safe for their employees and that is also high-quality and technologically advanced, and we are ready to provide such ‘beyond storage’ solutions. But the most important issues will be related to the protection of the planet. That’s why we have already introduced a decarbonisation strategy, and will be specialising in low-carbon and then zero-carbon warehouses.

You have a degree in philosophy, which you graduated in before entering the real estate sector. Have you given any philosophical thought to your business life and to what has happened over the years? Are there any general conclusions that you’ve reached that you think that we could also benefit from?

During my studies, I specialised in analytic philosophy and wrote my thesis on Ludwig Wittgenstein’s theory of reality. This theory describes reality as arranged out of atomic facts into states of affairs that constitute the world around us. This abstract theory is not far from what we do, namely the creation of reality or, in my case, the construction of warehouses. Initially, one needs to have a vision and collect facts, with analytical care, and then logically assemble them for a development project. Ontology describes the world and how it is put together. When I finished philosophy I moved from theory to practice, from description to creation. I am also very fond of the final proposition of Wittgenstein's Tractatus Logico-Philosophicus, which prohibits all pointless talk: “Whereof one cannot speak, thereof one must remain silent.”

Interviewer: Rafał Ostrowski

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About Tomasz Lubowiecki

Tomasz is the founder and CEO of 7R, which specialises in the development of high-quality warehouses. He has over 20 years of experience in the real estate sector. He is a graduate of the International Academy für Philosophy in Liechtenstein and the Jagiellonian University in Kraków. Outside the professional sphere, his passions include cycling and alpine skiing. He has won the giant slalom amateur champion of Poland title five times. He is also an art connoisseur and the initiator of the ‘Warehouse of Art’ series of temporary exhibitions. Together with 7R, he supports local communities and charities.

7R was established in 2008. Since that time, the company has grown rapidly to become one of the biggest players on the Polish warehouse market. The company’s portfolio includes large logistics parks, urban warehouses and BTS projects. The total warehousing area built so far by 7R now comes to more than 1.8 mln sqm. In 2022, it closed more than a dozen transactions worth more than EUR 430 mln, amounting to almost 20 pct of the total investment volume for the sector in Poland. This was a record for the developer, surpassing its previous record set in 2021, when it sold projects for a total value of around EUR 400 mln. In 2023, 7R entered into a strategic partnership with Nrep (through Nordic Strategies Fund V), through which it has become 7R’s majority shareholder. Nrep is to invest around EUR 200 mln of new capital in the company, turning it into one of the best-capitalised logistics and industrial property developers in Poland.

Latest news

Office & mixed-use development

Poland Hanza Tower gets flexible

schedule 12 June 2024
Opr./edited by JC

International Workplace Group, a global provider of hybrid working solutions with brands including Spaces and Regus, is opening a flexible workspace in Szczecin. It's the company's 30th location in Poland.

Material partner

Croatia Exclusive Auction: Unique Investment Opportunity in Istria

schedule 12 June 2024
Eurobuild CEE

Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This property, covering 1,603,903 sqm, is ideal for a mixed-use resort development near Vodnjan, a charming town in Istria, Croatia's top tourist region. The site is just a 15-minute drive from the seafront

Warehouse & industrial

Romania HelpShip expands in Oradea

schedule 12 June 2024
Opr./edited by JC

CTP has leased 12,500 sqm of warehouse space at CTPark Oradea Cargo Terminal to HelpShip, an e-fulfillment and logistics solutions provider, part of euShipments.com's group and logistics network. 

Warehouse & industrial

Germany VGP breaks ground in Schkopau

schedule 12 June 2024
Opr./edited by JC

VGP, a European owner, operator and developer of logistics and commercial properties, is continuing to develop VGP Park Leipzig Airport on an area of around 450,000 sqm. A groundbreaking ceremony was held at the site of the investment.

Investment & finance

Poland Eastnine buys from Skanska (again)

schedule 11 June 2024
Opr./edited by JC

Skanska has sold the Nowy Rynek E office building for over EUR 79 mln. The buyer is Eastnine AB, a Swedish real estate company focused on office premises at selected markets in the Baltics and Poland.

Warehouse & industrial

Poland John Dog has chosen MLP

schedule 11 June 2024
Opr./edited by JC

John Dog Group, the Polish e-commerce company specialising in feeds, treats, and accessories for dogs and cats, has leased 4,100 sqm of warehouse space at the MLP Poznań West logistics centre.

Office & mixed-use development

Poland Dot Park welcomes more technology

schedule 11 June 2024
Opr./edited by JC

A new tenant of the Dot Park office complex is Webcon, a provider of business process automation systems and low-code technology. The company has leased 1,615 sqm of space in the building.

Warehouse & industrial

Poland Zeus in Warsaw

schedule 10 June 2024
Opr./edited by JC

Panattoni has leased out over 5,200 sqm to Polpack Zeus, a company that specialises in the manufacture and distribution of packaging solutions. With this transaction, City Logistics Warsaw VII on ul. Bukowiecka has become fully leased. 

Investment & finance

Poland mBank finances four retail parks

schedule 10 June 2024
Opr./edited by JC

Mitiska REIM has secured a EUR 40 million refinancing with mBank for a portfolio of four Polish food-anchored retail parks. Representing a combined GLA of nearly 34,000 sqm, the convenience centers are located in the cities of Września, Turek, Lubliniec and Wodzisław Śląski.

Retail & leisure

Poland Ready for any event

schedule 10 June 2024
Opr./edited by JC

Norblin Factory has a new event space. The Event Hall is a 670 sqm area outfitted in an industrial style, designed for events up to 500 guests.

Events

Poland Let's go to the beach

schedule 09 June 2024
Opr./edited by JC

This year's edition of the JLL Charity Beach Volleyball Tournament will take place on 1 August at the Monta Beach Volley Club in Warsaw. Funds raised during the event will for the second time be used to support the construction of the Ronald McDonald House at the Children's Memorial Health Institute.

Eurobuild FM

Poland Jacek Bagiński on the reduction of interest rates by ECB

schedule 09 June 2024
Eurobuild CEE

After five years of increases, the European Central Bank finally decided to cut interest rates by 0.25 percentage points. What does such a reduction mean for the market, how will it affect investors and how quickly will we notice its effects – says Jacek Bagiński, CFO at EPP, in the Eurobuild FM hot episode.

Eye to eye

Poland Eye to eye… with Władysław Grochowski

schedule 06 June 2024
Eurobuild CEE

After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.

Investment & finance

Poland Retail park in Bielsko-Biała is sold

schedule 06 June 2024
Opr./edited by ANZ

A retail park in Bielsko-Biała being developed on the site of a Tesco shop on ul. Warszawska, has a new owner. Redkom Development, responsible for the construction and commercialisation of the facility, has sold the project to Newgate Investment.

Office & mixed-use development

Poland Skyliner has a new tenant

schedule 06 June 2024
Opr./edited by ANZ

Warsaw's Skyliner office building owned by Karimpol Polska will become the new headquarters of Process Solutions. The tenant will occupy approximately 1,000 sqm on the third floor and will move into the new office in early 2025.

Retail & leisure

Romania Another Leroy in Romania

schedule 06 June 2024
Opr./edited by JC

Leroy Merlin has leased a 9,000 sqm of space within Pitesti Shopping Park, developed by Square 7 Properties. The logistics park, with a leasable area of 22,000 sqm, is located in the northern part of Pitesti, in the Gavana area.

Office & mixed-use development

Poland It's such a Puzzle

schedule 06 June 2024
Opr./edited by JC

Puzzle Office is a new serviced offices operator and a new place on the office map of Warsaw. Located at Fabryka Norblina, it offers nearly 3,900 sqm of for lease on a single floor.

Warehouse & industrial

Poland ID Logistics stays near Wrocław

schedule 05 June 2024
Opr./edited by ANZ

Contract logistics operator ID Logistics has extended its lease at Hillwood Wrocław Wschód II. The leased space comprises 51,500 sqm of warehouse and 2,400 sqm of staff and office space.

Warehouse & industrial

Poland New lease at MLP Pruszków II

schedule 05 June 2024
Opr./edited by JC

MLP Group has signed a new long-term lease contract at its MLP Pruszków II logistics centre. The distribution company has leased about 23,000 sqm of modern space, with 19,600 sqm to be used for warehousing purposes and 1,100 sqm for staff amenities and offices.

Warehouse & industrial

Poland Prajo has chosen Panattoni

schedule 04 June 2024
Opr./edited by JC

Panattoni has found another tenant for Panattoni Park Warsaw South IV and as a result the first building is now fully commercialised. Prajo, the owner of the KingHoff, Klausberg, and Kassel brands has leased 8,850 sqm for its new warehouse.

Latest in Eurobuild Awards

schedule 04 January 2024

Let's live this again!

Eurobuild Awards 2023 is behind us, but if you haven't yet gotten your hands on the special "Eurobuild" supplement prepared for the Gala evening, you can conveniently view it online today and... beautiful memories will come back!

schedule 23 November 2023

Philosophy in action

The Eurobuild Award 2023 for Outstanding Contribution to Real Estate went to… Tomasz Lubowiecki, a founder and the chairman of the board at 7R

schedule 10 November 2023

Follow the Eurobuild Awards – live!

What’s that? You can't attend the Eurobuild Awards 2023 Gala, but you can use WhatsApp? Then follow the results as they are announced live on our channel! This year’s finale of the region’s most prestigious real estate awards is now just one week away!

schedule 16 October 2023

The long list is ready!

The list of nominees for the Eurobuild Awards 2023 can now be revealed! Also, the jury that will choose the finalists has already been put together – this year it comprises 184 top market experts.

schedule 27 September 2023

Final three days for Eurobuild Awards nominations!

Saturday, September 30th is the deadline for nominating projects and companies for the Eurobuild Awards 2023! The registration of candidates for the jury also falls on this day.

schedule 28 September 2022

The Glorious Twelfth!

For the 12th time it all went with a bang! The winners of the Eurobuild Awards 2022 have been announced to almost 900 guests of the Awards Gala, who were gathered last night in Warsaw’s biggest hotel ballroom at the Doubletree by Hilton.

schedule 23 September 2022

The Eurobuild Gala is almost upon us!

The Eurobuild Awards 2022 Gala is almost upon us! Almost 900 people will be present at the largest celebration of the year of the real estate market. They will all be crossng the threshold of the Double Tree by Hilton hotel ballroom on Tuesday, September 27th.

schedule 13 September 2022

Well, there are some surprises!

The voting of the Eurobuild Awards 2022 jurors has ended and ... we know almost everything! The company supervising the process, KPMG, has provided us with the preliminary results, which - due to minimal differences in some categories - will be recalculated and officially confirmed in a few days.

schedule 06 September 2022

The 200 judges begin their deliberations

Today, the jury of the Eurobuild Awards 2022 has started voting! Until next Friday, nearly 200 registered jurors will pass judgement on the nominees in 25 categories! Good luck to all of them!

schedule 02 September 2022

Tenants know best

The survey of tenants of properties for the Eurobuild Awards is coming to an end. On our behalf, Kantar has surveyed 410 companies occupying 50 commercial properties throughout Poland in the largest survey of its type in the CEE region.

schedule 04 August 2022

Shh, the jury is in session!

On August 1st this year, the nominations for the Eurobuild Awards 2022 were announced. Due to the recent pandemic, this year’s competition recognises achievements over a longer period than the usual twelve months. This time, companies, projects and individuals are to be judged for their achievements over the last 20 months.

schedule 02 August 2022

The awards nominations are in the can!

The nomination process for Eurobuild Awards 2022 has now been completed! Almost 250 individuals, companies and projects have been nominated in 25 categories, while around 200 names experts and market players have been passed to sit on the jury. In both cases, we have the best of the best!

schedule 30 September 2021

The winners of the 11th Eurobuild Awards!

It really was 'a hard day’s night'! We’ve had to wait for this moment much longer than usual, but it has definitely been worth it. It is now possible for us to announce the full list of winners for the Eurobuild Awards 2020. Our 229 jurors and about 600 guests of the Gala have decided and chosen the best!

schedule 29 September 2021

The 11th Eurobuild Gala Dinner and Awards 2020

Tomorrow evening we will all meet up in the largest hotel ballroom in Warsaw to celebrate the Eurobuild Awards – the most important real estate event of the year! We have prepared a short guide for participants and those who want to tune into this event online.

schedule 16 September 2021

Tricks and tips in the run-up to the Gala

After a long and unexpected break, we are finally going to be able to meet up at a live event – and it's not just going to be any event, but the Eurobuild Awards Gala!

schedule 08 September 2021

… and another important reason for attending the Awards Gala are the live and silent auctions

Thanks to our guests, between 2016 and 2019 we managed to raise almost PLN 400,000 for the Iskierka Foundation to help many sick children. So why can’t we help them even more?

schedule 19 May 2021

The Eurobuild Awards – third time lucky

As pandemic and its related restrictions have unfortunately twice forced us to postpone the event, a third date has now been set for the annual Eurobuild Awards 2020. With the gradual lifting of the restrictions and the acceleration of the vaccination programme, we have every confidence that this will be the final time we have to reschedule the ceremony, and so the winners can finally be announced at this most important event for the CEE real estate market.

schedule 02 March 2021

The new date for the Eurobuild Awards Gala

Sadly, due to the continuing global situation, we will not be able to meet on March 25th to announce the results of the Eurobuild Awards and to present the awards to the highest achieving companies in the commercial real estate sector.

schedule 08 December 2020

A new date for the Gala!

Today, on December 8th, the 11th Eurobuild Awards ceremony was originally scheduled to take place in its intended form.

schedule 07 December 2020

We are proud to reveal the identities of the jury members!

We can now unveil the composition of the jury for the Eurobuild Awards 2020, which has recently evaluated this year’s candidates –all the companies and projects that were nominated in the Awards’ 24 categories.

Edition 5 (288) May 2024

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