Revetas Capital, a pan-European real estate investor, has launched a sustainable logistics platform targeting key transport routes and hubs throughout Europe. The first acquisition is a multi-phased sustainably developed logistics park which will offer 55,000 sqm GLA within an established location East of Krakow, Poland. The investment entails the development of a prime industrial/logistics park which aims to achieve BREEAM âExcellentâ rating within one of the most sought-after logistics sub-markets along the âA4 corridorâ. This transaction marks Revetasâ entrance onto the logistics market in Poland, a country where the firm has been active for more than ten years in the mixed-use, office, retail and residential sectors.
The investment comprises the development of a two-phase 55,000 sqm GLA logistics park, with over 50,000 sqm of warehouse space and approximately 5,000 sqm offices component. The park will be delivered according to best practice standards and specification including sustainability certification, with an aim to achieve a BREEAM âExcellentâ rating. The site is adjacent to a junction of the A4 motorway which links the highly industrialised South-Eastern Polish regions of Silesia and Lesser Poland, including Krakow, Katowice and Wroclaw, with the German cities of Dresden and Berlin, and represents a strategic location for logistics companies which operate in the region as well as in Western Europe.
Investor appetite within the logistics sector in Poland has remained strong especially in locations close to established clusters near metropolitan areas. Despite the pandemic, industrial sector investment volumes exceeded expectations for 2021, supported by Polandâs attractive positioning within the European market, strong economic fundamentals and organically growing demand. This particular location and development meets Revetasâ investment strategy to acquire and develop logistics assets in prime locations close to motorways, arterial and orbital roads, close to university cities, with a highly skilled labour force, part of the groupâs strategic approach in target markets and segments.
Eric Assimakopoulos, Founding Partner Revetas Capital, declares, âWe are pleased to launch our sustainable logistics platform and announce our entry into the Polish industrial market with a sustainable logistics development. This investment provides a strong basis for our future expansion within the industrial/logistics sector, and is complementary to our existing operations in Poland where Revetas has been active for more than 10 years with a portfolio of over 150,000 sqm GLA of offices, as well as residential and student housing initiatives in Warsaw, Krakow and Katowice. Our appetite for assets in the industrial sector remains strong and we look forward to meaningfully expanding our sustainable logistics platform across the major transport routes and hubs in Europe.â
