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We are pleased to announce that attorneys from our real estate practice recently advised European Logistics Investment (“ELI”) on several transactions and projects on the Polish logistics market.
ELI is a consistently growing logistics platform, which, thanks to its partnership with Panattoni, a leading developer of industrial real estate, provides high-quality facilities that offer excellent connectivity and value for businesses at desirable locations around the country. During the first six months of 2022, ELI’s portfolio consisted of 28 logistics projects within 10 logistics hubs throughout Poland with a total area of over 1.2 million sqm GLA, which includes standing assets, projects under construction and projects secured in the pipeline. ELI is owned by Redefine Properties, Madison International Realty and Griffin Capital Partners.
During the past year, we advised European Logistics Investment, inter alia, on the execution of transaction documentation and the purchase of land in key logistics hubs in Poland, including in Błonie near Warsaw, in the area of Tychy and in Łódź. Having acquired land in previous years, in the first half of 2022, European Logistics Investment also commenced the construction of modern logistics centres in new locations, specifically in Toruń, Kraków and Lublin.
“European Logistics Investment concludes the first half of 2022 with an outstanding performance. We are pleased that we have had the opportunity to support our client in numerous interesting projects that have contributed towards ELI’s successful continuation of its thriving investment activities and the active utilisation of the dynamic growth of the Polish logistics market”, summarises Piotr Fedorowicz, a partner in the corporate department of Rymarz Zdort and the head of the firm’s real estate practice.
The firm’s transaction team included Piotr Fedorowicz, Tomasz Bąkowski, Karolina Bąkowska, Izabela Skrzypczak, Tomasz Karkowski, Marcin Banak, Patrick Koźliczak and Agnieszka Jabłońska.