Savills Investment Management has purchased a logistics center in Łódź

Savills Investment Management (Savills IM), an international investment manager operating in the real estate market, has acquired another logistics center in Łódź. The property was purchased from Invesco Real Estate – a global investment manager, on behalf of the logistics fund Savills IM European Logistics Fund 2 (ELF 2), which currently owns 26 facilities in Europe.

The warehouse, with an area of over 38,000 sqm, was commissioned in 2017. The property is part of the so-called Central European Logistics Hub and is located in the vicinity of the Spedcont intermodal terminal, which is an important element of the railway „New Silk Road”, connecting European markets with Asia. Furthermore, the facility is situated just 30 km from the road junction connecting the A1 and A2 motorways, in an excellent location in the center of Poland with convenient access to the intersection of European east-west and north-south routes. 

The logistics center purchased by Savills Investment Management is fully leased on long-term contracts by a global home appliance company – Whirlpool, and an international manufacturer of seats and interior equipment for public transport vehicles – Compin.

„I am extremely pleased that this facility is joining our portfolio in Poland and complements the fund's geographical diversification. This is our fifth logistics acquisition in the last eight months and the third in the Łódź market. The relative resilience of the warehouse sector to the effects of the COVID-19 pandemic and its growth prospects make it a desirable element of our investors' pan-European strategies. This year alone, in Poland, we have allocated nearly 430 million EUR in this sector. The ELF 2 fund and its successor ELF 3 are in the process of further acquisitions, consolidating our position as one of Europe's largest investment managers in the logistics sector, with assets exceeding 4.4 billion EUR.”  - comments Piotr Trzciński, Head of Investment – Poland, Savills Investment Management.