Europolis spaces out
A new investment by the E2 fund of Investkredit and EBRD will give Poland the largest logistics park in the CEE region. The investment is managed by Europolis and will be called the Poland Central Logistics Park. The first warehouse has a total area of 43,000 sqm and will be completed by July 2007. The total value of the investment, expected to be completed by 2014, will amount to EUR 172 (zł.671) million.
"I am very proud that we can realize such a unique project, which is located in a strategic location in Poland. I believe the project will not only be a commercial success for us, but also will bring economic advantages to the immediate neighborhood, and the region," said Bartłomiej Hofman, managing director of Europolis real-estate asset management.
Upon completion, the park will consist of 20 warehouses with a total usable area of over 500,000 sqm on a plot of 120 ha, located 47 km south of Łód and 137 km southwest of Warsaw. This new logistics park is located close to the A1 expressway which connects Warsaw with Katowice and the whole region of Silesia.
Europolis has been operating in Poland since 2002. With present real-estate investments of around EUR 316 (zł.1,234) million and EUR 100 (zł.390) million approved for development projects, the Europolis portfolio is one of the largest in Poland.
The portfolio managed by Europolis in Poland currently includes five properties in Warsaw: Warsaw Towers, Saski Point, Saski Crescent, Sienna Center and Bitwy Warszawskiej. Europolis also owns the Alliance Logistics Center.
According to DTZ Research, at the end of 2005 Europolis was amongst the top three investors in distribution and warehouse facilities in the CEE region. In addition to the Polish market, Europolis is also active in the real-estate market in Hungary, the Czech Republic and Romania, with a total warehouse space of 657,000 sqm.
