European Logistics Investment (ELI) has sold its new logistics center Park Tychy to Reico IS ČS – a leading Czech investment company operating in Central Europe, in a transaction worth EUR 59.6 million, the company said.
The Park Tychy investment was completed in September 2021 and offers over 58 thousand. m2 of warehouse space and 2.5 thousand. m2 of office space. The investment was carried out in the build-to-suit model, together with Panattoni – ELI’s strategic partner. The building has been fully leased under a long-term contract and the tenant is a company from the retail sector, underlined.
The building is under BREEAM certification and has been equipped with the most modern ecological solutions increasing its efficiency, such as photovoltaic panels, solar water heating panels, a sustainable rainwater management system, as well as economical LED lighting, and modern electric vehicle charging stations have been installed on the site.
“ELI is developing very dynamically – in the last three years we have tripled our portfolio of projects. The company is, however, a platform from the portfolio of an opportunistic investor – Griffin Capital Partners, therefore, in line with our strategy, we use the emerging sales opportunities without hesitation to free up capital for further investments “- said senior vice president investments at Griffin Capital Partners, responsible for the development of the ELI platform Łukasz Toczek.