ELI has sold the new Park Tychy logistics center in a transaction worth EUR 59.6 million
European Logistics Investment (ELI), has finalized the sale of Park Tychy, a warehouse project completed in 2021. The investment is under BREEAM certification and is located in Silesia, one of the most important logistics areas in Poland. Its total area is almost 61,000 sqm. Park Tychy was purchased in a transaction worth EUR 59.6 million by REICO IS ČS, a leading Czech investment company operating in Central Europe.
The Park Tychy investment was completed in September 2021 and offers over 58,000 sq m. warehouse space and 2,500 sq m. office space. The investment was carried out in the build-to-suit model, together with Panattoni, ELI’s strategic partner and a leading developer of logistics facilities in Europe. The building has been fully leased under a long-term contract, and the tenant is a company from the retail sector.
The building is under BREEAM certification and has been equipped with the most modern ecological solutions increasing its efficiency, such as photovoltaic panels, solar water heating panels, a sustainable rainwater management system, as well as economical LED lighting. The green surroundings of the building have also been adapted to the BREEAM certification standards, and modern electric vehicle charging stations have been installed on the site.
The location provides easy access to the A4 and A1 motorways and the S1 expressway, as well as public bus transport. Park Tychy is also close to three international airports (Katowice, Krakow, Ostrava).
“Upper Silesia is an important warehouse center and the second largest logistics market in Poland, with access to qualified employees, characterized by dynamic growth, driven by the e-commerce industry. A modern and ecological logistics project, in the heart of this region, secured by a long-term lease agreement with a recognized retailer, with excellent communication in Silesia and Central and Eastern Europe, is undoubtedly a great and safe investment. Therefore, we are not surprised that foreign investors are interested in this facility,” says Hubert Rossa, Senior Vice President Investments at Griffin Capital Partners responsible for the development of the ELI platform.
“ELI is developing very dynamically – in the last three years we have tripled our portfolio of projects. The company is, however, a platform from the portfolio of an opportunistic investor – Griffin Capital Partners, therefore, in line with our strategy, we use emerging sales opportunities without hesitation to release capital for further investments,” adds Łukasz Toczek, Senior Vice President Investments at Griffin Capital Partners responsible for the development of the ELI platform.
The law firm Greenberg Traurig advised in the transaction process.
