European Logistics Investment (Eli), a logistics investment platform in Poland, has secured €136 million in financing from PKO Bank Polski, which was used to consolidate and refinance existing stand-alone facilities at various developments.
"Each financing transaction represents not only another milestone in the growth of European Logistics Investment, but also a strong market endorsement of our long-term investment strategy," says Pieter Prinsloo, CEO at European Logistics Investment.
"The secured €136 million will enable us to optimize our ongoing operations by ensuring long-term, stable financing on favourable terms, in partnership with PKO Bank Polski," adds Artur Gniazdowski, Senior Vice President Finance at Griffin Capital Partners. "This allows us to maintain a strong focus on operational excellence, sustainable development and creating value for our tenants and business partners."
The financing marks a step in Eli's long-term growth strategy, aimed at strengthening the company's position as a provider of logistics and industrial space in Poland. Eli's current portfolio comprises properties with a total gross leasable area of 1.2 million sqm.
The parties were advised by law firms Addleshaw Goddard Poland and Dentons.
