Park Tychy sold to a Czech investor

European Logistics Investment has finalized the sale of Park Tychy - a warehouse project completed in 2021. The buyer is REICO IS ČS.

The Park Tychy investment was completed in September 2021 and offers over 58,000 sqm of warehouse space and 2,500 sqm of office space. The investment was carried out in a build-to-suit model, together with Panattoni - a strategic partner of ELI and a leading developer of logistics facilities in Europe. The building has been fully leased under a long-term agreement, and the tenant is a company from the retail sector.

The building is currently undergoing BREEAM certification and has been equipped with state-of-the-art ecological solutions to increase its efficiency, such as photovoltaic panels, solar panels for water heating, a sustainable rainwater management system, as well as energy-efficient LED lighting. The green surroundings of the building have also been adapted to BREEAM certification standards, and modern electric vehicle charging stations have been installed on the premises.

- Upper Silesia is an important warehouse hub and the second largest logistics market in Poland, with access to skilled workers, characterized by dynamic growth driven by the e-commerce industry. A modern and ecological logistics project in the heart of this region, secured by a long-term lease agreement with a recognized retailer, with excellent connectivity within Silesia and Central and Eastern Europe, is undoubtedly a great and safe investment. Therefore, we are not surprised by the interest of foreign investors in this facility. – says Hubert Rossa, Senior Vice President Investments at Griffin Capital Partners, responsible for the development of the ELI platform.

- ELI is developing very dynamically - over the last three years we have tripled our project portfolio. However, the company is a platform from the portfolio of an opportunistic investor - Griffin Capital Partners, therefore, in accordance with our strategy, we do not hesitate to take advantage of emerging sales opportunities to release capital for further investments. - adds Łukasz Toczek, Senior Vice President Investments at Griffin Capital Partners, responsible for the development of the ELI platform.

The law firm Greenberg Traurig advised on the transaction process.