News Article Bain industrial logistics Poland warehouse Warsaw White Star Real Estate
by Property Forum | Industrial

White Star Logistics, a joint venture between White Star Real Estate and Bain Capital Credit, is commencing the development of a 55,000 sqm logistics center in Raszyn. Within the investment, whose commercialization began at the beginning of the year, three buildings will be constructed in stages. 

The project will include Hall A with an area of 25,394 sqm, Hall B with an area of 18,077 sqm and a slightly smaller Hall C of 11,455 sqm. As the developer declares - the minimum possible module to be created is about 1,200 sqm. 

"Our new investment, is located just 14 km from the Palace of Culture and Science, the very centre of Warsaw, which will be important for dynamically developing logistics and e-commerce companies. Thanks to its location, Raszyn is a very popular logistic location in the south-western suburbs of Warsaw, where warehouse investments have been created continuously for many years. Our team knows this market and its advantages very well, that is why we count on fast commercialization of the whole project", says Bartosz Szewczyk, Managing Partner in White Star Real Estate.

The logistic park in Raszyn, which is being developed by White Star Logistics, is located directly by the S8 junction and in close vicinity of A2 freeway and the S2 route, a part of the Warsaw Southern Ring Road, which is nearing completion. Another advantage of the investment is the systematic completion of successive stages of the S7 route, which should further facilitate transport to Fryderyk Chopin Airport, located 9 km away. 

"Our investment in Raszyn arouses great interest among potential tenants. We are holding talks which should soon result in signing the first contracts. Probably, the first to be commercialized will be building B, which is centrally located in the park, which will give us the greatest flexibility in the implementation of subsequent stages. We have a team with many years of experience in such projects and we want to optimally use the assets of our investment to provide maximum comfort and good conditions to our future tenants", adds Urszula Rasmussen, Head of Industrial Leasing in White Star Real Estate.

The logistic centre in Raszyn will combine BIG BOX space and small modules typical for city logistics and production (SBU - Small Business Unit), in which office facilities will constitute a significant part. In addition to standard parameters, characteristic of A-class warehouse space, the centre will be equipped with modern LED lighting, charging stations for electric cars, and as every investment realized by White Star Logistics, will have a BREEAM certificate at least at a Very Good level.

White Star Logistics' strategy is to create a network of modern logistics centres in the most desirable locations in Poland, and in the first 3 years within the joint venture, White Star Real Estate and Bain Capital Credit intend to develop eight to ten warehouse projects in Poland with a total target area of over 500 thousand sqm. The budget of these projects is to amount to €350 million.