Fortress REIT Limited acquires third logistics asset in Poland

Fortress REIT Limited acquires third logistics asset in Poland

Fortress REIT Limited, South Africa’s largest owner and developer of premium-grade logistics real estate, announced its acquisition of its third logistics asset, MDC2 Park Łódź South, located south of Łódź in central Poland. Driven by the demand to supply high-growth western European economies, the first two signature acquisitions in Poland were made in 2020 to deepen and extend the investment proposition of South Africa’s leading supplier of high-quality logistics real estate in prime locations.

This distribution centre will be located south of Łódź, at the junction of the A1 motorway and the National Roads no. 91 and 12. The development will offer a leasable area up to 80,000 m2 of modern, environmentally sustainable logistics space, the completion of which is planned for Q3-2023. MDC2 Park Łódź South is designed with ESG at its core and MDC2 will certify the project to BREEAM New Construction Excellent. By way of example, 95% of the construction materials that will be used are recyclable and roofs of the buildings are designed to be PV ready.

Maciej Tuszyński, Managing Director Europe at Fortress REIT Limited, said, “We are extremely happy to have acquired this asset, as it perfectly fits our strategic investment profile. MDC2 Park Łódź South will provide the highest standard for a modern big-box logistics facility and will include solutions addressing environmentally responsible as well as sustainable building features sought for by the tenants.”

Steven Brown, CEO of Fortress REIT Limited commented by saying: “Central and Eastern Europe remains one of the most exciting long-term logistics and warehousing investment propositions globally. Central and Eastern Europe’s geographic proximity and infrastructure-rich access to high-value Western European economies only deepens the need and growth opportunities for state-of-the-art logistics real estate in the region. “

“The Project’s strategic location and its exceptional quality planned by its developer, coupled with the financial strength and experience of Fortress REIT Limited will undoubtedly result in the commercial success of this venture,” concluded Tuszyński.


Notes to the Editor:
Fortress REIT Limited (Fortress) is a JSE listed Real Estate Investment Trust (REIT) that owns, manages, and creates commercial spaces that enable greater growth. We have built a dynamic portfolio through our innovative approach to property development and active asset management. We are currently the largest owner and developer of core, premium-grade logistics real estate in South Africa. In addition, we have European exposure to high-growth economies in the Central and Eastern European market through our investment in NEPI Rockcastle plc and our acquisitions of logistic parks in Poland and Romania. Our core logistics portfolio is complemented by a retail portfolio of over 50 commuter-oriented shopping centres (including co-owned properties).

MDC² is a Poland-based logistics and warehousing space developer established in 2021 by seasoned commercial property professionals. The MDC2 team currently includes 20 team members. The assembled team of MDC2 partners has built over 3 million m² of warehouses over the last 15 years. The company develops sustainable modern logistics buildings in Poland – the 2nd fastest growing logistics market in Europe. MDC² focus is put on the Polish market, on single asset base as well as a strong team with the routes of building and marketing the logistics and warehouse projects for the last 20 years. The other launched project by the company is MDC2 Park Gliwice – currently under development and planned to be delivered in Q4 2022.