Generali Real Estate buys MDC2 Park Kraków South

Generali Real Estate has completed the acquisition of MDC2 Park Kraków South, a logistics development project in Poland. The development will be carried out in collaboration with MDC2, a warehouse and logistics space developer operating in the Polish market.

MDC2 Park Kraków South is a development project for a distribution and logistics hub, which will be developed in three phases and comprise three buildings, for a planned total GLA of more than 90,000 sqm.

In line with Generali Real Estate’s focus on sustainability, MDC2 Park Kraków South is designed with ESG at its core and aims to reach the BREEAM New Construction Excellent certification thanks to the best practices and requirements in terms of sustainability.

Pierre-David Baylac, Head of Logistics at Generali Real Estate, commented: “This development project will enrich the GRELF Fund portfolio, mainly composed of logistics parks in France, Italy and Poland, with a new park fully in line with our high-level sustainability requirement.”

“We have selected this development due to its outstanding location but also a very low availability of industrial space in this part of Poland,” said Maciej Madejak, Chief Development Officer of MDC2.