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The 58,500 sq m (629,700 sq ft) warehouse consolidates PepsiCo’s logistics and warehouse processes, which were previously spread out across several different locations within the Central European nation. Photo: Elite Partners Capital
Singapore-based private equity firm, Elite Partners Capital, via its Elite Logistics Fund, has acquired a warehouse in Mszczonów, Poland from P3 Logistics Parks, a subsidiary of sovereign wealth fund GIC, for more than €30 million (S$48.6 million).
The biggest warehouse in PepsiCo Poland’s distribution network, the 58,500 sq m (629,700 sq ft) consolidates PepsiCo’s logistics and warehouse processes, which were previously spread out across several different locations within the Central European nation.
The warehouse is well-served by motorways and expressways that connect the Polish capital to Berlin. The facility is also just an hour’s drive from the Lodz terminal, which is the main terminal for the Chengdu-Lodz railway, connecting Europe to China.
The transaction brings Elite’s presence within the Mszczonów Park to six buildings, with a total area of more than 230,000 sq m (2,476,000 sq ft). It follows the purchase of five buildings in March, which was one of the biggest transactions in the logistic sector of Poland this year.
In a release, Elite revealed that the latest acquisition – which is the third for Elite Logistic Fund since May 2020 – has proceeded despite the economic and market disruption caused by the Covid-19 pandemic.
Launched in January 2020, the PanEuropean fund targets specialised warehousing (in particular, for food logistics distribution and e-commerce fulfilment), cold chain logistics and logistics infrastructure in Poland as well as United Kingdom – where it owns eight other properties – among other countries in Europe.
Incorporated in 2017, Elite Partners believes that “recent supply chain disruptions – first due to Brexit, followed by the COVID19 pandemic since the beginning of 2020 – have opened up new challenges and opportunities for specialised logistics in Europe”.
It has already launched four funds to date.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg