29 November 2021
Rymarz Zdort advised European Logistics Investment (“ELI”), a dynamically developing logistics platform in Poland, on the execution of transaction documentation concerning the purchase of land and the construction of a modern logistics centre in Błonie near Warsaw. The Park Warsaw West X project by ELI and its partner Panattoni is planned as a multi-let facility offering 48,600 sqm of modern space, with 46,900 sqm of warehouse and 1,700 sqm of office space. The investment is planned to be delivered in Q2 2022.
The facility is pending the BREEAM certification process with the aim to obtain an ‘Excellent’ rating. Green solutions have been planned in the facility, including systems reducing the consumption of water, energy and heat, and significantly cutting CO2 emissions. Future employees will also have access to green relaxation zones, bicycle rooms and electric vehicle charging stations.
ELI is a dynamically developing logistics platform on the Polish market. Thanks to its partnership with Panattoni a leading developer of industrial real estate, ELI provides high quality facilities that offer excellent connectivity and value for businesses in desirable locations around the country. ELI’s current portfolio comprises 32 logistics projects encompassing 51 properties with a total area of over 1.3 million sqm GLA, including 760,000 sqm of standing assets, 201,000 sqm under construction and a further 318,000 sqm secured in pipeline projects.
The Rymarz Zdort team advising on the transaction was led by corporate partner and the head of the real estate practice Piotr Fedorowicz, who was supported by associate Michał Kostewicz and associate Marcin Banak.
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