ELI COMPLETES CONSTRUCTION OF TWO WAREHOUSES IN SILESIA

European Logistics Investment (ELI), a logistics platform operating in the Polish market owned by Redefine Properties, Madison International Realty, and Griffin Capital Partners, has completed the construction of two warehouses in Silesia. The first is in Knurów and has been fully leased to Fortaco Group, a leader in the heavy off-highway equipment and marine industries. The second is located in Ruda Śląska and is let to Konimpex, a company active in trading, logistics and the distribution of chemical and industrial raw materials.

The investment in Knurów near Gliwice, developed by ELI, is a BTS facility of nearly 35,000 sqm. The facility is located in the Silesian Voivodeship, ensuring excellent connectivity to the entire region and convenient access to major national transport routes, such as the A1 and A4 highways, which are part of key European transit corridors. The development is tailored to meet the needs of the tenant while adhering to the highest environmental standards, aiming to achieve a BREEAM certificate at a Very Good level. A 15-year BTS lease was signed with Fortaco Group, which is expected to create approximately 200 new jobs in the facility.

The 16,000 sqm warehouse built by ELI in Ruda Śląska also provides excellent access to the A1 and A4 highways. The building is part of the logistics and warehouse centre Panattoni Park Ruda Śląska II which in total provides over 72,000 sqm of modern warehouse space in the area and is fully leased. The investment is in the process of achieving BREEAM certification at the Excellent level. Konimpex has signed a five-year lease for the facility.

“Silesia is a key logistics market in Poland which is playing an increasingly important role in the European supply chain. The completion of these two projects is a major success for us. Poland continues to be one of the most attractive destinations for industrial and logistics activities and we are delighted to be able to contribute to the development of this sector,” says Pieter Prinsloo, Chief Executive Officer at European Logistics Investment.

Both warehouses were developed in strategic partnership with Panattoni, a leading developer of industrial real estate.