Grosvenor is the cornerstone investor in Polish Logistics, a new investment vehicle managed by REINO IO.
REINO IO is a joint venture between IO Asset Management, the specialist manager of industrial real estate, and REINO Capital, a real estate holding company listed on the Warsaw Stock Exchange.
The first asset acquired was Logistic City, comprising of 135,000 sq m of built and leased space and development land with the potential for a further 300,000 sq m of build-to-suit space. The built space comprises four units, let to seven tenants.
Polish Logistics LLP intends to expand its portfolio through the acquisition of both standing investments and land for build-to-suit developments.