European Logistics Investment (ELI) has acquired land in Knurów, Silesia, as part of its expansion strategy in Poland.
The land will be used for a BTS (Built-to-Suit) industrial project. The facility, which spans 34,681 sqm, has been pre-leased to Fortaco Group.
ELI was advised by Rymarz Zdort Maruta on the transaction. The construction is planned to be completed in Q2 2024, with the handover of the investment to the tenant scheduled for Q3 2023.
“We continue to witness strong demand for high-quality warehouse spaces in Silesia, and we already have six existing projects and a land bank for the further development of two projects in this region in our portfolio," says Pieter Prinsloo, Chief Executive Officer at ELI.
In the new warehouse, Fortaco Group will expand its footprint for Steel Fabrication and Vehicle Cabin operations.
ELI’s portfolio, including the landbank, reached 1.3 million sqm and spans 30 projects across 10 logistics hubs throughout Poland at the end of H1 2023. The company's owners are Redefine Properties, Madison International Realty and Griffin Capital Partners.
Sign up today for the latest news