No Limit, a company with over 30 years of experience in the TSL industry, signed a contract for 5270 m2 of warehouse space – complemented by 153 m2 of office space.
„Warehouse space in Tristar Grodzisk is very popular among logistics companies. Locations in the Grodzisk Mazowiecki area present interesting opportunities for those in the Logistics industry, due to the ideal combination of quality, price and location. When planning a strategy for the future of our facilities, we want our tenants to grow with us – therefore, as in the case of No Limit, the priority remains as it has always been – to extend our cooperation and working relationship with current tenants” - says Urszula Rasmussen, Head of Industrial Leasing, White Star Real Estate.
Tristar Grodzisk is located near the town of Radonice, close to the A1 motorway, which creates optimal conditions for distribution to both the Warsaw market and Central Poland. The park’s location allows for quick access to major communication lines, including the motorway which runs to the German border, and the S2 highway, which connects the site to Warsaw’s southern bypass. At the same time, Tristar Grodzisk is a relatively new facility, built in early 2016.
“In any business - especially in logistics – stability, well-chosen partners, and predictability are the qualities necessary for success. Cooperation with Tristar guarantees us operational stability, but what is equally important to us is the fact that we can count on the possibility of expansion in facilities where our clients seek development for their businesses. I am glad that the Tristar team respects our values when it comes to providing ecological solutions, and understands how important a factor, respect for the environment is, for our continued development” – says Mariusz Rączka, Director of BU Logistics at No Limit.
The contract with No Limit is one of several lease extensions executed by Tristar in recent months. At the end of December another company, Spedimex, extended contracts in two of Tristar’s logistics centers – in Gdańsk and Poznań. Similarly, in November, Inter Cars chose to continue cooperation with Tristar and will remain in Gdańsk. Similar decisions to extend were made by other companies, including but not limited to: LPP in Gdańsk, and Sigolables, Nagel Polska, and Ruch in Wrocław. Consequently, Tristar, with its portfolio of 162 thousand m2 of space across five warehouse and logistics parks, has no difficulty consistently maintaining a very low (below market average) vacancy rate.
Based on market data from the end of December, vacancy rates in Poland dropped to 6.5%. Rental rates did not change significantly compared to the end of 2019. Slight increases in nominal rents were recorded in the Warsaw and Central Poland regions.
Tristar is a joint venture between EPISO 4 and White Star Real Estate established in 2018 and focused on investing in and running class A industrial and logistics properties. The portfolio currently comprises 5 locations across Poland, including industrial and logistics parks near Poznań, Wrocław, Katowice, Gdańsk and in Grodzisk Mazowiecki, with their total area amounting to nearly 162 000 sqm. All the properties in the portfolio are managed by White Star Real Estate.
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