Silesia City fully leased

The Silesia City complex has reached 100% occupancy following the expansion of one of its current tenants. Three companies operate in the facility, occupying 62,500 square meters of space.

• Silesia City has reached 100% occupancy of approximately 62,500 square meters of space.
• The facility has reached full occupancy following the expansion of one of its existing logistics tenants.
• The complex is occupied by Intermarché, Raben Group, and an international logistics operator.
• The property is part of Newport Logistics Fund II.
• Silesia City holds a BREEAM certificate with an Excellent rating.

Silesia City is now fully occupied. As Newport by Panattoni announced on LinkedIn, the complex, which comprises approximately 62,500 square meters, has reached 100% occupancy.

The expansion of one of the existing logistics tenants has led to the facility being fully occupied. As a result, there is currently no vacant space left in the completed complex.

Silesia City is 100% leased

The property belongs to the Newport Logistics Fund II portfolio. Its space is divided between three tenants representing the retail and logistics sectors.

Silesia City is home to Intermarché, Raben Group, and an international logistics operator whose name has not been disclosed. The owner indicates that this arrangement reduces the property’s dependence on a single tenant.

“Silesia City is currently 100% leased with approximately 62,500 sq m of space. Reaching this level is the result of the expansion of one of Silesia City’s existing logistics tenants,” Newport by Panattoni announced on its LinkedIn profile.

Achieving full occupancy primarily means eliminating vacancies in the existing facility. From the landlord’s perspective, the lease structure is also important, as the space is not held by a single tenant.

Three tenants occupy 62,500 sq m.

Intermarché and Raben Group are among the disclosed tenants of the complex. The third is a company operating international logistics operations.

Newport by Panattoni emphasizes the diversity of its tenant base as one of the factors influencing the investment profile. When fully leased, the revenue generated by the facility comes from multiple contracts, not from a single operator.

“The property, part of Newport Logistics Fund II, is leased to three tenants. A diverse tenant base reduces dependence on a single user, and full occupancy increases the predictability of the property’s revenue,” the company stated.

Full commercialization is particularly important for a property in the fund’s portfolio. Occupancy directly impacts the ability to generate revenue from the existing space.

The existing tenant needed more space.

The latest change is not due to the acquisition of a completely new company, but rather to an increase in the space occupied by one of the existing tenants. However, Newport by Panattoni did not specify which tenant decided to expand or by how much.

The length of the lease and the financial terms of the transaction were also not disclosed. What is known is that the expansion of the current tenant’s space has allowed for the 100% commercialization rate to be achieved.

Warehouse completed with BREEAM Excellent certification

Silesia City is a completed investment and holds a BREEAM Excellent environmental certification. The facility operates in one of the largest industrial and logistics markets in Central Europe.

external material
source: https://www.propertynews.pl/