European Logistics Investment (ELI), a logistics platform in Poland, has announced the sale of a 61,000 m2 warehouse project located in one of the main logistics areas in the Silesia region of Poland.
The asset, Park ELI Tychy, was acquired by REICO IS CS – a Czech investment company operating in Central Europe for just under €60 mln.
‘Upper Silesia is an established warehouse hub and the second largest logistics market in Poland backed by access to highly qualified workforce and a strong growth driven by e-commerce. A BREEAM-certified, modern logistics project in the heart of this region, secured with a log-term lease agreement to a recognized retailer, with great connectivity within the Silesia and the CEE regions is undoubtedly a great and safe investment. Therefore, we are not surprised with interest from foreign investors,’ commented Hubert Rossa, senior vice president Investments at Griffin Capital Partners responsible for ELI platform development.
‘ELI is still dynamically growing. In the last three years we managed to prodigiously expand the initial portfolio by three times. However, it is still an investment platform from Griffin Real Estate’s portfolio, which is an opportunistic investor. Our strategy allows us to leverage arising opportunities to sell, freeing up the capital for other investments,’ added Lukasz Toczek, senior vice president investments at Griffin Capital Partners responsible for ELI platform development.
