MDC2, a developer of sustainable warehouse and industrial space operating on the Polish market, has reached an agreement with Fortress REIT Limited, South Africa’s largest owner and developer of core, premium-grade logistics real estate, on its first collaborative project MDC2 Park Łódź South, located in Central Poland. This will be MDC2 ’s third logistics development and Fortress REIT’s third logistic park in Poland.
MDC2 Park Łódź South is designed with ESG at its core and MDC2 will certify the project to BREEAM New Construction Excellent. ESG is a cornerstone of MDC2‘s strategy – all buildings developed by the company are to meet the best practices and requirements of sustainable construction, i.e. 95 percent of construction materials per project are recyclable and roofs of its buildings are designed to be PV ready.
MDC2 Park Łódź South, to be developed by MDC2 and announced in September 2021, will accommodate a distribution centre located in Central Poland south of Łódź, at the junction of the A1 motorway and the National Roads no. 91 and 12. The project offers a leasable area of up to 80,000 sqm of modern, environmentally sustainable logistics space, the completion of which is planned for Q3 2023.
“We are extremely happy to have acquired this project as it perfectly fits Fortress REIT Limited strategic investment profile. MDC2 Park Łódź South shall not only provide the highest standard of the modern big-box logistic facility but will also contain solutions addressing environmental responsibility as well as sustainable building features sought for by the tenant,” said Maciej Tuszyński, Managing Director Europe at Fortress REIT Limited. “The project’s strategic location and its exceptional quality planned by its developer – MDC2, coupled with financial strength and experience of Fortress REIT Limited shall undoubtedly result in the commercial success of this venture.”
“Sustainable logistics and distribution parks are in demand in Poland, with more clients looking to have a robust and localised supply chain. MDC2 Park Łódź South, due to its central location, is a strategic fit for Fortress REIT as it sits in the heart of Poland’s main distribution hub,” said Hadley Dean, Founder of MDC2. “For the next decade, the Polish logistics market will continue to outperform Western European countries in the growth of both total activity and net absorption.”
The advisors in the transaction were Savills and ARC Capital Markets.