April 2020 – Launched in January 2020, Elite Logistics Fund, which targets investment opportunities in the EU and UK logistics sectors, now holds more than 372,000 sqm of logistics assets in Poland and the UK.
The Polish assets include P3 Park Mszczonów southwest of Warsaw and DCT Gdańsk operated by PSA International, near the largest deep-water container port terminal in Poland. P3 Mszczonów was the latest Polish acquisition. The five-warehouse logistics park covers more than 200,000 sqm. DLA Piper advised Elite Partners Capital for this transaction, while Dentons advised the seller, P3 Parks.
Enoch Tan, the portfolio director of the fund, has commented: “Rapid urbanisation and changing consumer behaviour has propelled a strong demand for logistics services in Europe. Poland has emerged as a major logistics player along with the UK, where the sector is relatively well established. We have confidence in the fund as logistics assets tend to provide more stable and defensive yields and are less sensitive to volatility and economic disruptions.”