Poland Archives – Logicenters

Logicenters strengthens its presence in Polish Logistics

August 10, 2023 8:00 am Comments Off

Logicenters strengthens its presence in the Polish logistics market through Nrep/Logicenters’ majority stake acquisition in 7R. The €200m investment, expanding to a total portfolio in excess of 4.2 million m², including pipeline, complements Logicenters’ Northern European logistics strategy.

Nrep/Logicenters has acquired an 80 percent stake of one of the largest logistics developers in Poland, 7R. Nrep/Logicenters is investing approximately €200m into the company, and thereby strengthening Logicenters’ presence in Poland. 7R’s portfolio of prime locations and versatile properties perfectly aligns with the Logicenters vision. This strategic acquisition enables Logicenters to expand its product offering to the part of its Nordic client base that also operates in Poland.

“This acquisition marks an important milestone for Logicenters’ growth. Moreover, Logicenters is now in a top 3 market position in Poland, through 7R, to provide a truly diverse product mix to its existing and new clients and takes our total logistics portfolio to an impressive number of square meters”, says Matthias Kettelhoit CEO at Logicenters.

Nrep/Logicenters, with its local team in Poland, will apply its extensive experience to further develop 7R with the management to a leading institutional quality platform and leverage its expertise to strengthen 7R’s capability to source, develop and hold prime logistics facilities in Poland, with a focus on bringing down the portfolio’s operational CO²-emissions.

“This is a landmark transaction, both for Logicenters and for the Polish real estate market. Together with the experienced 7R team, we will be creating a developer game changer in Poland, offering sustainable industrial real estate products with the same high quality that we’re reputed for in The Nordics”, says Søren Rodian Olsen, Managing Director at Logicenters Poland.

ALB Logistics to extend lease at Silesian Logistics Centre Sosnowiec II

March 7, 2023 7:27 am Comments Off

ALB Logistics has extended the lease for 3250 sqm of warehouse space in the Silesian Logistics Center Sosnowiec II, which is located near the A4 highway in one of Poland’s most important warehouse region. The lease was originally signed in 2018 with BIK S.A. (Biuro Inwestycji Kapitałowych S.A.).

ALB Logistics specializes in logistics, freight forwarding, and warehousing services in Europe, including the transportation, storage, and distribution of excise goods, assistance with customs handling, and short, medium, and long-term storage services. The company also offers logistics services for manufacturers, such as just-in-sequence, repacking, picking, and packaging.

“We are pleased to see the dynamic growth of ALB Logistics, which is one of our key partners in Sosnowiec, and we are delighted to continue our cooperation. We hope that the planned expansion of the warehouse park in Sosnowiec will support the company’s further development” – said Artur Kuliński, Managing Director of BIK S.A.

BIK Park Sosnowiec II is part of the Silesian Logistics Center, which is the largest investment project completed by BIK S.A. So far, the park consists of four warehouse with a total area of 46,500 sqm with 2000 sqm of office space on a 12.5-hectare area. BIK Sosnowiec II is strategically located near two key arteries, the A4 highway and the S1 road leading to southern Europe.

“The location of the Sosnowiec Park is perfect for our business, allowing distribution and transportation not only in the Upper Silesia region, but, due to the excellent transportation system, also in southern Europe. The Silesian region is among the top economically and demographically strong regions, offering access to qualified personnel essential for operations” – commented Ilirjan Osmanaj, CEO of ALB Logistics.

BIK Park Sosnowiec II currently consists of warehouse No. 5 with a storage area of 11,500 sqm, part of which is a cross dock warehouse. The complex will be expanded with another building (No. 6) of 14,000 sqm. The size of the modules can be adjusted to the individual needs of the tenants.

“Silesia is the second largest market of warehouse space in Poland with consistent high demand. The next development phase of Sosnowiec Park is located in the region with limited land bank, moreover, the plot has active building permit. Those two factors are making the project highly attractive for future tenants” – added Magda Twarowska, Head of Commercial at Logicenters, responsible for leasing activity of BIK portfolio.

Biuro Inwestycji Kapitałowych is a Polish logistics developer owned by the NREP NSF IV investment fund, and its operations are managed by Logicenters, NREP’s logistics platform.

Logicenters to install solar cells across 800,000 m2

February 10, 2023 7:35 am Comments Off

Logicenters is continuing to concentrate on a sustainable future. To lead the move towards a carbon-neutral sector, the company has decided to more than double its ownership of solar cell installations in the coming years.

With a sustainability goal to be completely carbon neutral by 2028, Logicenters has decided to pioneer the use of renewable energy at its facilities.
The decision has been made to cover roofs with solar panels on all new builds and to install them on existing roofs where possible.

In total, Logicenters aims to install around 800,000 m2 of solar cells over the next three years. This area is equivalent to a total of 133 football pitches. In total, this investment would generate potential annual production of 85,000 MWh, sufficient household electricity for more than the whole of Östersund (24,290 households).

“The logistics property sector has the necessary conditions and therefore a responsibility to take a leading role in the expansion of solar energy on our large roof areas. We are also building for tomorrow, when solar power will be used to charge the electric distribution vehicles of the future. It is here that we at Logicenters feel we can make a big difference,” says Jon Malmsten, solar energy expert at Logicenters.

Over the last year, this ambitious solar cell strategy has already seen construction of the largest roof-mounted solar plant in the Nordic region, covering 80,000 m2. The plant was built for Dagab in Bålsta and is set to become operational in March.

“For me, it goes without saying that we should continue our commitment to solar energy for a carbon-neutral tomorrow. The property sector continues to account for 40% of global emissions and there is an urgent need to find better ways both to develop and to operate properties. Everyone must assume responsibility and it is our ambition to be at the forefront of the Nordic market,” says Matthias Kettelhoit, CEO of Logicenters.

Magda Twarowska joins Logicenters Poland as Head of Commercial

January 16, 2023 7:37 am Comments Off

Logicenters in Poland, the logistics arm of NREP, began the year by welcoming new Head of Commercial to the team. Magda Twarowska will be responsible for managing tenant relations and leasing activities, covering the standing assets and projects held by NREP NSF IV portfolio company, BIK S.A.

Logicenters is a logistics platform owned by Nordic investor NREP, it’s first investment within the logistics segment was the acquisition of BIK SA, a local logistics real estate investor and developer. The company has a portfolio of four standing assets with two potential extensions plus a land plot. The potential footprint is more than 130.000 square meters. Defining leasing strategy, leading leasing negotiations, acquiring new tenants for existing assets and development projects, supporting Logicenters tenants from The Nordics to expand and consolidate their leasing space requirements in Poland are the main challenges Magda Twarowska will take on in her new role in Logicenters. Magda brings over a decade of commercial real estate experience to the team, backed by numerous successes in the area of logistics leasing.

-The company currently manages four logistics parks: Logistic Center Krakow I, Logistic Center Krakow II, BIK Park Sosnowiec II and BIK Park Wroclaw I and from these places I will start my adventure with Logicenters. However, what attracted me to this company were its ambitious plans and investment opportunities, as well as its diverse initiatives to improve urban ecosystems and commitment to decarbonizing the real estate sector. – claimed Magda Twarowska.

–We have an exceptional year ahead of us, in which we will strengthen our position in the Polish market and implement the group’s ambitious goals, primarily related to the bold ESG strategy. In order to properly take care of our current and future tenants, we need professionals like Magda Twarowska. We are very pleased that Magda will bring her experience, talents and positive energy to our team – said Soren Rodian Olsen, Managing Director of Logicenters in Poland.

Magda Twarowska graduated from Warsaw School of Economics with a Master Degree in Management and Real Estate Management, and holds an Engineering Degree in Urban Planning from Warsaw University of Life Sciences. Professionally she has a Certified Commercial Investment Member (CCIM) designation and broker license. Practically from the beginning of her career, she was associated with the logistics sector, first at AXI Immo Group as a Senior Industrial & Logistic Leasing Consultant and then at P3, a European Logistics Developer, as Senior Leasing Manager and subsequently Head of Leasing, Poland.

Cinno Poland completes BIK Wroclaw II – full before completion

August 2, 2022 6:51 am Comments Off

Cinno Poland is moving into BIK Wroclaw II, which means that the facility is now 100% leased even before it has been completed. Cinno Poland specialises in the servicing of electronic equipment and has leased the remaining 5,260 sqm of space available at the newly built facility.

Cinno Poland has leased the remaining 5,260 sqm available in the new hall which is soon to be completed as part of BIK Wroclaw II through an agreement with Biuro Inwestycji Kapitałowych. Of this space, 4,800 sqm will be devoted to production and warehousing. The remaining 460 sqm will be modern office space.

With the space already taken up by Unico Logistics and JLI Trading Limited, the facility is now fully leased and completion of construction is scheduled for this quarter.

”This is an important milestone for NREP’s investment in BIK S.A., and we’re very pleased to demonstrate Logicenters’ strong track record of leasing up new developments prior to completion also in our new markets outside The Nordics,” says Søren Rodian Olsen, Managing Director at Logicenters in Poland.

The logistics facility is located adjacent to the A4 motorway exit. It is an ideal location for a warehouse near the city of Wroclaw. In addition, the property offers excellent logistics to the rest of Poland and also the German market.

Last summer, Logicenters announced its intention to expand beyond the Nordic region with a first venture in Poland. The country is the fifth largest logistics property market in Europe and is also one of the fastest growing markets on the Continent.

World-leading fancy dress company moves into BIK Wroclaw II

July 6, 2022 7:40 am Comments Off

British company JLI Trading Limited will move into BIK Wroclaw II. A preliminary contract has been signed with Logicenters to lease an area totalling 6,050 sqm. The lease will come into effect in the third quarter of 2022.

The 22,500 sqm expansion of Logicenters’ BIK Wroclaw II logistics facility in southern Poland is well under way with completion scheduled for the beginning of September. Atlas Ward is the main contractor for the construction, which is in line with Logicenters’ clear sustainability profile.

A preliminary contract has already been signed with British company JLI Trading Limited, which will occupy 6,050 sqm in the newly built hall. The new space will primarily be used for warehousing purposes and for a modern office.

JLI Trading Limited operates in the e-commerce sector and was founded by young businessman Jack Lear. The company began its journey by setting up the online store Bodysocks, which today is one of the leading fancy dress design and supply companies in the world. The company’s portfolio also includes other brands such as BargainFox.com, Jobalots and JLI Fulfillment.

The new agreement will come into effect as early as the third quarter of 2022.

“Even before the expansion is completed, we are noticing how attractive BIK Wroclaw II has become to our customers. Our first building, completed two years ago, is still fully occupied and we are now expanding even further. Even now, 77% of the new space has already been leased to future customers, a testament to the facility’s ideal geographic location. I’m incredibly excited to bring JLI Trading Limited on board and to help it grow even more in the future,” says Søren Rodian Olsen, Managing Director at Logicenters in Poland.

Unico leases additional 11,250 sqm from Logicenters

June 15, 2022 6:53 am Comments Off

South Korean logistics company Unico is continuing to expand at BIK Wroclaw II. A pre-lease agreement has just been signed to lease an additional 11,250 sqm of Logicenters’ newly expanded facility in southern Poland.

At the beginning of 2022, Logicenters announced the expansion of its BIK Wroclaw II facility in southern Poland. Atlas Ward was selected as the main contractor and the expansion will add a total of 22,500 sqm in line with Logicenters’ clear sustainability profile.

The expansion is scheduled to be completed in September and is already attractive to future customers. A pre-lease agreement has now been signed with South Korean logistics company Unico for the leasing of 11,250 sqm of space in the new extension building, to be used entirely for warehousing purposes. Unico already leases around 4,600 sqm in the original building, including modern office space.

Unico Logistics is a South Korean logistics operator which has been active on the European market since 2010. Its aim is to gradually expand the services it offers through new operational offices and warehouses. The new agreement will come into effect as early as the third quarter of 2022.

“Our logistics facility is rapidly growing in popularity. A major advantage is its perfect location near the A4 motorway exit, which many tenants appreciate enormously. Our first building, completed two years ago, is still fully occupied and we are now expanding further. We are delighted with the signed contract and the opportunity that has been offered to an existing tenant to expand its business with Logicenters,” says Søren Rodian Olsen, Managing Director at Logicenters in Poland.

Logicenters begins expansion in Wroclaw, Poland

January 17, 2022 1:41 pm Comments Off

Following its launch into Poland, Logicenters is now beginning the expansion of its logistics facility in Wroclaw, Poland. The expansion will add 22,500 m² of space and the new section is scheduled for completion in the last quarter of 2022.

In the summer of 2021, the logistics property company announced its intention to expand its presence outside the Nordic region with its first venture in Poland. As a first step, Logicenters acquired the Polish company BIK SA and its current portfolio, with the total logistics space estimated to be more than 115,000 m².

Logicenters is now beginning the expansion at Nowa Wies Wroclawska in Wroclaw, south-west Poland. The expansion will add a total of 22,500 m² space. Atlas Ward has been chosen as General Contractor, and the project is being developed on speculative basis due to the leasing dynamics in the Wroclaw market. In line with Logicenters’ sustainability profile, the expansion of the property in Wroclaw will be of a high standard with careful selection of materials used for the construction.

“We are delighted that construction is finally under way for our facility in Wroclaw. Our goal is, and always has been, to develop high quality, sustainable buildings of the future. The Polish logistics market offers huge potential, which is one of the key reasons why we have chosen to establish operations here. I believe that Wroclaw will continue to be an important location for growth and for expanding our presence outside the Nordic region,” says Søren Rodian Olsen, CEO, Logicenters Poland.

Wroclaw is in a strategically important location with a high population density, large factory clusters and easy access to the E4 European motorway.

“The demand for modern warehouse spaces remains at a very high level today. At the same time, we see a great demand for facilities that are available immediately. That is why we are starting an investment that we are implementing on a speculative basis. We are also negotiating with potential tenants. We are convinced that we will manage to commercialize the entire facility the following periods. The great advantage of our investment is that the location is close to the Wroclaw agglomeration and in the immediate vicinity of the motorway – ensuring quick and convenient access,” says Krzysztof Mucha, Business Development Manager, Biuro Inwestycji Kapitalowych S.A.

Top recruitment for Polish investment: Logicenters recruits Søren Rodian Olsen

August 17, 2021 6:31 pm Comments Off

Logicenters has announced its recruitment of Søren Rodian Olsen as Managing Director in Poland. Søren has extensive experience of the Polish property market, most recently in his position as Head of Capital Markets at Cushman & Wakefield. At Logicenters, he will manage and develop the company’s portfolio in the Polish market, where it plans to expand its presence exponentially in the coming years.

Earlier in the summer, it was announced that Logicenters, together with NREP’s spearhead in customer-oriented housing, is expanding beyond the Nordic borders into northern Europe – with Poland as its first destination. To support this expansion into the Polish market, Logicenters has now recruited Søren Rodian Olsen to head up the logistics property company’s operations in the country. He joins us most recently from Cushman & Wakefield and has 19 years of experience in the Polish property market.

“I would like to warmly welcome Søren to the Logicenters team, where he will also be our very first appointment in Poland. Søren has his roots in the Nordic region, which means that he understands that sustainability is a topic which sets us apart from many other parts of northern Europe. This, combined with his many years of experience working in the Polish property sector, makes me confident that he is the right person to consolidate Logicenters’ presence in the country and to ensure our future growth,” says Matthias Kettelhoit, CEO at Logicenters.

One million square metres of logistics space within three years

Logicenters has ambitious plans to make an impact on the Polish logistics market in ESG and sustainability. Over the next three years, the logistics property company’s goal is to acquire and develop up to 1,000,000 m² of logistics space in Poland. And just as in the Nordic region, Logicenters’ properties in Poland will be future-proofed and characterised by sustainability and quality.

“It is very exciting to manage Logicenters’ investments in Poland. I am very proud to be joining such a successful and value-driven company as Logicenters. I am now looking forward to helping Logicenters become the obvious logistics property partner in Poland by finding good solutions for potential customers and enabling for our existing customers to grow with us,” says Søren Rodian Olsen, Managing Director at Logicenters in Poland.

Launches its Nordic concept in Europe: Logicenters enters Polish market

July 5, 2021 11:17 am Comments Off

Logicenters is now expanding its presence outside the Nordic region with its first venture in Poland. As a leading logistics property company in the Nordic region, Logicenters is now looking to bring its successful concept to one of Europe’s largest logistics markets, focusing strongly on the long term, quality, flexibility, and sustainability.

Logicenters is continuing its expansion. The logistics facility operator is now expanding its successful logistics concept into Europe, with Poland its first target market outside the Nordic region. Poland is the fifth largest logistics property market in Europe and is also one of the fastest growing markets on the continent. In 2019, a total of 2.7 million m² of logistics space was developed in the country. In comparison, around 650,000 m² of logistics space was developed in Sweden – the largest market in the Nordic region – during the same period. From a geographical perspective, Poland is also ideal with good communications throughout the country, to the Nordic region and the rest of Europe.

As a first step, Logicenters has acquired the Polish company BIK SA and its current portfolio, which includes four existing properties with two potential extensions, as well as a plot of land – with the total logistics space estimated to be more than 115,000 m². The facilities are located in the cities of Wroclaw and Katowice in southern Poland. With its high population density and large clusters of factories, the region is a strategically important location for logistics.

“We have developed our Nordic portfolio exponentially in recent years and our ambition is to continue to strengthen our presence here. But we also see Poland as a natural step forward in Logicenters’ development. This is partly because the Polish logistics market is still in its infancy and we believe there is enormous potential for us to assist in developing the logistics facilities of tomorrow in the country, and partly because many of our existing tenants already have operations in Poland. Naturally, we want to continue to support them by growing in line with their operations in both the Nordic region and Poland, something which is entirely in line with how we operate”, says Matthias Kettelhoit, CEO, Logicenters.

Focus on sustainability

Compared with many other parts of the world, the Nordic logistics market is ahead of the pack when it comes to sustainable logistics. Therefore, as it moves into the European market, Logicenters sees it as a natural step to bring its Nordic sustainability agenda along with it. And as always, the facilities will also meet high sustainability and energy efficiency requirements in Poland.

“We want to be able to develop the properties of tomorrow in such a way that they remain of a high quality for many years to come. Key to this is the development of sustainable facilities that are not only durable, sustainable and energy efficient, but also cost effective over time. We are already experiencing a high demand for more sustainable logistics, with many of our tenants requiring that the properties in which they operate meet high sustainability standards. And just as we have been leading the way towards a more sustainable transition in the Nordic logistics industry, we will also be sure to pave the way for more sustainable logistics in Poland. This is something we are convinced will benefit both business and the environment”, concludes Matthias Kettelhoit, CEO, Logicenters.

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