European Logistics Investment (ELI) owned by Redefine Properties, Madison International Realty, and Griffin Capital Partners, is expanding its portfolio in the Silesian Voivodeship by acquiring land in Knurow. The acquired land will be used for a BTS (Built-to-Suit) industrial project. The facility, which spans 34,681m2, has been pre-leased to Fortaco Group.
The construction is planned to be completed in the second quarter of 2024, with the handover of the investment to the tenant scheduled for the third quarter of the same year. The BTS will be completely tailored to meet the tenant's specific needs, while also adhering to the highest environmental standards. The property is expected to obtain an Excellent-level BREEM certification and achieve carbon neutrality by 2025. Its strategic location in the centre of the Silesian Voivodeship ensures excellent connectivity to the entire region and convenient access to major national transportation routes such as the A1 and A4 highways which are part of key European transit corridors.
"We actively diversify ELI's portfolio, constantly seeking new investment opportunities. The acquisition of land for a modern and ESG-compliant logistics project located in the heart of Upper Silesia, secured by a long-term lease agreement, is a major success for our entire team. 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," said Pieter Prinsloo, Chief Executive Officer at ELI.
ELI was advised by Rymarz Zdort Maruta on the transaction.
