European Logistics Investment expands its portfolio with 37,000 sqm logistics centre in Kraków

Rymarz Zdort advised European Logistics Investment (ELI), a dynamically growing logistics platform in Poland, in connection with the transaction documentation related to a land purchase, the corporate aspects of the investment and the development of a modern warehouse complex.

ELI will construct a high-quality logistics centre with an area of over 37,000 sqm in Kraków. The City Logistics Kraków I facility will be developed in cooperation with ELI’s strategic partner Panattoni, a market leader in the industrial property sector. Nearly 9,000 sqm of the space has been pre-let to InPost, the largest logistics operator in Poland.

ELI’s portfolio includes 19 logistics parks with a total leasable area of over 605,000 sqm located in Warsaw, Łódź, Kraków, Wrocław, Upper Silesia and other locations. The company is planning to further expand in the coming years. The project is expected to be completed in the third quarter of 2021.

The firm’s transaction team was headed by Piotr Fedorowicz, a partner in the corporate department and the real estate practice. The transaction team comprised: Izabela Skrzypczak, associate; Tomasz Karkowski, associate; Michał Kostewicz, associate, and Mateusz Konopka, associate.