European Logistics Investment, a logistics platform operating in the Polish market that is owned by Redefine Properties, Madison International Realty, and Griffin Capital Partners, has completed the construction of two warehouses in Silesia, in southwestern Poland.
The first of the two properties is located in Knurow, near Gliwice, and is occupied by the Fortaco Group — which operates in the heavy off-highway equipment and marine industries sector — under a 15-year lease. The BTS facility was developed by European Logistics Investment in partnership with Panattoni, and covers nearly 35,000 square meters.
The second, a 16,000-square-meter warehouse also built by European Logistics Investment in partnership with Panattoni, is located in Ruda Slaska and is let to Konimpex, a company active in trading, logistics, and the distribution of chemical and industrial raw materials. The building is part of the Panattoni Park Ruda Slaska II logistics and warehouse center, which provides over 72,000 square meters of modern warehouse space in the area and is fully leased. Konimpex has signed a five-year lease for the facility.
“Silesia is a key logistics market in Poland which is playing an increasingly important role in the European supply chain,” said Pieter Prinsloo, Chief Executive Officer at European Logistics Investment. “The completion of these two projects is a major success for us. Poland continues to be one of the most attractive destinations for industrial and logistics activities and we are delighted to be able to contribute to the development of this sector”