Polish logistics platform European Logistics Investment (Eli) closed H1 2022 with a portfolio of 1.2 million m2 spread across 28 projects within 10 logistics hubs in Poland.
It started the construction of three logistics projects totaling 97,000 m2, of which 50% are pre-let to tenants from the production, logistics and retail sectors, including Trivium Packaging, Stella Pack, Dachser and Hellmann.
Once completed in H2 2022, the new assets will feature top technical specifications and will seek to obtain a minimum BREEAM ‘Very Good’ rating.
Lukasz Toczek, senior VP at Griffin Capital Partners, responsible for developing the Eli platform, said: ‘Eli is pro-actively exploring market niches and follows dynamic growth of the newly emerging logistics hubs. Our projects in Kraków, Lublin, and Torun are all located along new or planned major transit corridors that will additionally boost economic activity in the respective regions, and attract interest from high quality tenants. These investments are in line with our strategy of building up strong assets in emerging markets with a growth potential that remains to be explored.’
Hubert Rossa, senior VP investments at Griffin Capital Partners, responsible for the development of the Eli platform, added: ‘The strong growth of Eli’s portfolio has reflected the dynamic development of the Polish logistics market. The vast majority of new assets which were added to the Polish market over the recent months have been absorbed. We are seeing potential for continued growth and new investment opportunities, and we are excited about the coming months.’
Since the start of the year, Eli added 90,000 m2 of gross leasable area of development potential across key logistic hubs in Warsaw, Upper Silesia and Lódz, accounting for around 45% of the gross take up in Poland over the 12 months ending March 2022.
The plots are near to the biggest metro areas in Poland, benefitting from a significant local consumer potential and connections to the major European and domestic transit routes.
