European Logistics Investment (ELI), a dynamically growing logistics platform in Poland, has delivered three new development projects. The three latest portfolio additions in Bielsko-Biała, Ruda Śląska and Toruń will add 145,000 sqm of modern multi-purpose logistics space to the CEE market. The parks are 100 percent leased.
“Having seen a strong expansion in the last months driven by the latest trends in warehousing, I can confirm that our strategy has proven itself in these unusual times and ELI’s portfolio is well-poised for growth in 2021. Despite the turbulence on the market caused by the COVID-19 pandemic, at the end of 2020, ELI reached the level of over 600,000 sqm of leased space in 19 projects, which is a doubling of the numbers that we started with in mid-2018. Our goal for 2021 is to further develop and increase the value of the portfolio beyond €1 billion,” says Hubert Rossa, Senior Vice President Investments at Griffin Real Estate responsible for ELI platform development.
“We are also proud that our properties remain almost fully leased. The tenants value excellent locations and high quality of our warehouses that are developed in line with global sustainable strategies and hold BREEAM certificates. New developments are equipped with ecological solutions, such as LED lighting, increased insulation of walls and roofs or intelligent building management systems as standard. In 2021, we are not going to slow down – ELI has nearly 120,000 sqm currently under construction and in the near future we plan to acquire new projects allowing for the development of over 200,000 sqm GLA in addition. Our goal is to reach one million sqm of leasable space. We look forward to observing ELI’s significant development with seizing new opportunities in growing to become the market-leading logistics platform in Poland,” adds Łukasz Toczek, Senior Vice President Investments at Griffin Real Estate responsible for ELI platform development.
The three newest assets that will serve as regional distribution centres, last-mile delivery logistics as well as light manufacturing plants were delivered in Bielsko-Biała, Ruda Śląska and Toruń – logistics locations with growing popularity among investors. The parks developed together with ELI’s partner Panattoni – a market-leading European logistic developer, comprise 5 buildings with total GLA of 145,000 sqm and have already reached 100 percent occupancy rate.
The portfolio of European Logistics Investment comprises 19 logistics parks with a total lease area of over six hundred thousand sqm located in the most important logistics regions in Poland, including Warsaw, Upper Silesia, Łódź, Wrocław and Kraków. The company plans further growth of the portfolio over the next years, to become the leading Polish logistics platform. ELI’s strategic partner is Panattoni Europe, the European leader in industrial real estate.
