Elite Partners Capital has acquired a warehouse in Radomsko, Poland for €30 million in an off-market transaction.
The warehouse asset is well-located in Central Poland, being in the immediate vicinity of the A1 motorway, national roads DK 42 and DK 91, as well as key railway junctions.
It is the first facility within “LOOGIC Park Radomsko” logistics park which will eventually house 11 warehouse halls totalling 380,000 sqm over 80 hectares of land.
The warehouse provides a total usable area of approximately 54,000 sqm and achieved an ‘Excellent’ BREEAM certification. It was constructed by FB ANTCZAK, Polish general contractor, as a Built-to-Suit facility for JYSK, a big box retailer of household goods. JYSK is the largest Danish retailer operating internationally with over 3,000 stores in 48 countries globally. The warehouse is used primarily for high-volume storage and is strategically located near the main JYSK Distribution Center. This allows JYSK to distribute goods efficiently and lower transport costs, ultimately having a positive effect on the environment through reduction of CO2 emissions.
This is the first Polish acquisition for the second series of EPC’s Logistic Funds, the company said.
“Following our recent string of successful investments, we are pleased to announce the acquisition of the Polish warehouse facility that is fully let to JYSK,” said Victor Song, CEO of Elite Partners Capital. “We are no stranger to the Polish market and have forged trusted relationships on the ground. Because of this, we are able to efficiently source for select opportunities that provide attractive returns even in today’s volatile market.”