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Home Countries Poland

ELI Sells Logistics Project for EUR 59.6 million

Sorina Dumitru by Sorina Dumitru
January 18, 2022
Reading Time:1 min read
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ELI Secures EUR 111 Million Financing for Logistics Portfolio
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On January 17, 2022, European Logistics Investment (ELI) announced that it had sold park ELI Tychy, a 61,000 square meters warehouse project located in one of the main logistics areas in Silesia, Poland.

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According to the company, park ELI Tychy has been completed in September 2021 and offers 58,000 square meters of warehouse space and 2,500 square meters of integral office area. The project was acquired by Reico Is Cs, a leading Czech investment company operating in the Central Europe region, for EUR 59.6 million.

“Upper Silesia is an established warehouse hub and the second-largest logistics market in Poland backed by access to a highly qualified workforce and a strong growth driven by e-commerce,” said Griffin Capital Partners responsible for ELI platform development Senior Vice President Investments Hubert Rossa. “A BREEAM-certified, modern logistics project in the heart of this region, secured with a long-term lease agreement to a recognized retailer, with great connectivity within the Silesia and the CEE regions is undoubtedly a great and safe investment. Therefore, we are not surprised with interest from foreign investors.”

 

Tags: European Logistics Investment (ELI)
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CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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