ELI wants even more warehouses

European Logistics Investment (ELI) is a growing logistics platform. It finished the first half of 2022 excellently. Its portfolio of completed projects, those under construction, and those secured for new investments exceeded 1.2 million sqm.

During this period, ELI also expanded its land bank by 90,000 sqm of GLA and began the implementation of new logistics projects with a total area of 97,000 sqm of GLA.

ELI monitors market niches. It participates in the development of logistics hubs, especially those recording the greatest interest from investors and tenants.

Investments in Krakow, Lublin, and Torun are located along new or planned transit corridors, stimulating economic activity in the regions. Our strategy is to invest in emerging markets in high-class logistics assets with high growth potential – says Łukasz Troczek, Senior Vice President Investments at Griffin Capital Partners, responsible for the development of the ELI platform.

According to the platform's management board, the development of the ELI portfolio reflects the dynamic situation on the Polish logistics market. The vast majority of the space completed in recent months has been absorbed by the market. The vacancy rate is at 5 percent, close to a historical low.

- We see potential for expanding the portfolio and remain investment-active in the domestic logistics market - says Hubert Rossa, Senior Vice President Investments at Griffin Capital Partners responsible for the development of the ELI platform.

ELI continues to invest, utilizing the solid foundations of the Polish logistics market. 

The implementation of further logistics space has begun. New investments are located in Krakow, Lublin, and Torun. Buildings will be constructed as part of 3 projects, with a total area of 97,000 sqm of GLA. Two of them involve the expansion of already existing logistics parks with subsequent phases. 

All developments will meet the most modern technical requirements, which will allow for obtaining a BREEAM certificate at the "Very Good" level.

All investments have a pre-let level. 50 percent of the available space has been covered by lease agreements. Future tenants will include manufacturing, logistics, and retail companies, among others: Trivium Packaging, Stella Pack, Dachser, or Hellmann.

During the first six months of this year, ELI expanded its land bank by 90,000 sqm of GLA. The plots are located in key logistics hubs in Poland - in Warsaw, Lodz, and Upper Silesia. These are leading regions on the map of the Polish logistics market. In the 12-month period up to March 2022, these areas were responsible for meeting 45 percent of the national gross demand.

The plots are located near the largest agglomerations. They will provide a strong consumer base and also have excellent connections to major transit routes - both national and European.

- The vacancy rate is close to a historical low, at 5 percent. We see potential for development and remain investment-active in the domestic logistics market - announces Hubert Rossa, Senior Vice President Investments at Griffin Capital Partners responsible for the development of the ELI platform.