diff --git a/CMakeLists.txt b/CMakeLists.txt
index f2989300a87d4364b1a0a20a96c575cf192a81d0..1e1bb124f6c85d11d738baf95cf277db532ab62c 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -11,7 +11,7 @@
 
 cmake_minimum_required(VERSION 3.15)
 
-project(Rec VERSION 37.1
+project(Rec VERSION 37.2
         LANGUAGES CXX)
 
 # Enable testing with CTest/CDash
diff --git a/ReleaseNotes/v37r2.md b/ReleaseNotes/v37r2.md
new file mode 100644
index 0000000000000000000000000000000000000000..9a906e16d2869697526addd22e723246114dc85e
--- /dev/null
+++ b/ReleaseNotes/v37r2.md
@@ -0,0 +1,46 @@
+2025-02-13 Rec v37r2
+===
+
+This version uses
+Lbcom [v36r3](../../../../Lbcom/-/tags/v36r3),
+LHCb [v56r3](../../../../LHCb/-/tags/v56r3),
+Gaudi [v39r2](../../../../Gaudi/-/tags/v39r2),
+Detector [v2r3](../../../../Detector/-/tags/v2r3) and
+LCG [105c](http://lcginfo.cern.ch/release/105c/) with ROOT 6.30.08.
+
+
+This version is released on the `master` branch.
+Built relative to Rec [v37r1](/../../tags/v37r1), with the following changes:
+
+
+### Enhancements ~enhancement
+
+- ~Tracking | PrVeloUT fully moving to SOACollections, !3399 (@gunther) [#456]
+
+
+### Code cleanups and changes to tests ~modernisation ~cleanup ~testing
+
+- ~FT | Extend timeout for FT nzs_digit_monitoring test to 1200 to cover dbg builds, !4245 (@jonrob)
+- ~Build | Replace gaudi_add_tests(pytest...) with gaudi_add_pytest(...), !4243 (@clemenci) [gaudi/Gaudi#354]
+
+
+### Other
+
+- ~FT | FT Beam Time Analysis, !3585 (@chishuai)
+- ~RICH | Adapt RichFutureRecSys/examples/RichFuture.py to new options format, !4248 (@jonrob)
+- ~Functors | Suppress psabi compiler notes on ARM/GCC functor builds, !4246 (@jonrob)
+- ~Monitoring | Add a map of the SciFi hit efficiency, !4130 (@yihou)
+- Update References for: LHCb!4913, Moore!4327, DaVinci!1230 based on lhcb-master-mr/12587, !4270 (@lhcbsoft)
+- Update References for: LHCb!4925 based on lhcb-master-mr/12476, !4262 (@lhcbsoft)
+- Update References for: Rec!4258 based on lhcb-master-mr/12456, !4260 (@lhcbsoft)
+- Fixed test_decayfinder for undefined behavior, !4259 (@sponce)
+- Update TestFileDB tag for RICH 2023 data tests, !4258 (@jonrob)
+- New flag in TrackParticleMonitor to include 2D histograms, !4247 (@miruizdi)
+- Synchronize master branch with 2024-patches, !4155 (@clemenci)
+- Eta distribution of track residuals added to FTTrackMonitor, !3813 (@miruizdi)
+- Add dependencies to be able to collect pytest tests in LoKiPhys, !4254 (@clemenci)
+- Update References for: Detector!667 based on lhcb-master-mr/12409, !4242 (@lhcbsoft)
+- Add track error to in sensor check, !4213 (@mwaterla)
+- Fix MuonUT truthmatching in PrTrackAssociator, !4194 (@decianm)
+- Algorithm to apply a global coordinate transform to PVs, !4139 (@ldufour)
+- Add some additional arm specific ref files, !4240 (@jonrob)