European Logistics Investment (ELI) has obtained EUR 136 million in financing from PKO Bank Polski to refinance and consolidate existing facilities across six logistics developments in Poland.
The funds were used to replace separate financing arrangements previously secured for individual projects. The transaction forms part of the company’s broader financing and portfolio management strategy.
“Each financing transaction represents not only another important milestone in the growth of European Logistics Investment, but also a strong market endorsement of our long-term investment strategy. Our cooperation with PKO Bank Polski and the trust placed in us are of key importance to our continued development,” said Pieter Prinsloo, Chief Executive Officer at European Logistics Investment.
According to the company, the refinancing is intended to provide longer-term stability and improve operational efficiency. “The secured EUR 136 million will enable us to optimize our ongoing operations by ensuring long-term, stable financing on highly favourable terms, in partnership with such a reliable institution as PKO Bank Polski. This allows us to maintain a strong focus on operational excellence, sustainable development and creating value for our tenants and business partners, further strengthening ELI’s position as one of the key players in the logistics and industrial real estate market in Poland,” added Artur Gniazdowski, Senior Vice President Finance at Griffin Capital Partners.
ELI’s portfolio currently comprises logistics and industrial assets totaling approximately 1.2 million sqm of gross leasable area. Legal advisers to the parties included Addleshaw Goddard Poland and Dentons.