European Logistics Investment BV (ELI) has acquired two warehouse facilities located in Wrocław. ELI, together with its partner Panattoni, plans to further develop the site in order to deliver City Logistics Wrocław North totalling 45,000 sqm of logistics space.
ELI has purchased an existing warehouse complex comprising two buildings with a total GLA of 9,500 sqm and investment land of approximately 13 hectares, with plans to redevelop the site, together with its strategic partner, Panattoni. The park is currently 100% leased to FedEx Express, Topus and DHL. Upon completion, City Logistics Wrocław North will provide a total GLA of 45,000 sqm, including 41,000 sqm of warehouse and 4,000 sqm of office space, 430 private car, 68 VAN and 54 truck parking spaces, ESFR sprinkler system, 70 dock levellers and 24/7 security. The project includes adding three buildings to the existing scheme and will be completed in phases.
City Logistics Wrocław North is located in the central part of Psie Pole, in the warehouse-trade cluster of Wrocław, which offers both local highly-skilled technology workforce and great connectivity within the city and the CEE region by car, plane and public transportation.
'Wrocław’s region with its strategic location and qualified workforce has been on ELI’s radar since it started the rise towards becoming the market-leading logistics platform in Poland. With the latest trends, like the expansion of e-commerce, relocation of supply chain and logistics processes to Central Europe and growing regional supply chain market, which have been intensified during the pandemic, Wrocław is bringing even more interest from top global investors and industry occupiers as one of the main logistics spots in the CEE region. That is why we decided to expand ELI’s diverse portfolio to include this premier logistics hub location,” says Łukasz Toczek, Senior Vice President Investments at Griffin Real Estate responsible for ELI platform development.
ELI’s portfolio comprises sixteen logistics parks with a total lease area of 520,000 sqm, located in the most important logistics regions in Poland, including Warsaw, Łódź, Kraków and Upper Silesia. The company plans further growth of the portfolio over the next years, to become the leading Polish logistic platform. ELI's strategic partner is Panattoni Europe.
