AEW lets 35,000 sq m logistics unit in Poland to major supermarket chain on behalf of LOGISTIS
AEW, a European real estate investment and asset manager, on behalf its specialist pan-European logistics strategy, LOGISTIS, has leased a 35,000 sq m logistics asset at the Gliwice Silesia Logistics Park in south west Poland to a well-known European supermarket chain.
The letting represents the largest by area that the Fund has completed in Poland to date.
The unit is one of four on the Park which totals 169,000 sq m and is located in Silesia, Poland’s second largest logistics market. AEW acquired the 400,000 sq m land plot in 2015 to build a logistics parks and develop local infrastructure so as to create long term real estate value. The project started 4 years ago with no pre-identified tenants and today has an occupancy rate of 95 per cent.
LOGISTIS owns over 3.9 million sq m of prime logistics space across Europe, with an occupancy rate on delivered assets of circa 95 per cent. Since the platform was created 20 years ago, LOGISTIS has assembled a portfolio that today comprises 98 logistics assets across 38 sites in France, Germany, Belgium, the Netherlands, Poland, the Czech Republic, Italy and Spain. The Fund, which has consistently outperformed its benchmark indices over the short and long term, has a total value, including developments after completion, of approximately EUR3.5 billion.
Ludovic Bernini, Fund Manager of LOGISTIS at AEW, says: “This letting, which is the largest the Fund has done in Poland, will provide critical space to support this occupier’s supply chain and is testament to the asset’s location and quality. The challenges faced in the current global environment underline the importance of asset selection and location, but also greater demands from a continued rise in ecommerce.”