The rapid pre-leasing of industrial space in Central and Eastern Europe (CEE) has reached a new milestone. Lithuanian investment firm Eika Asset Management (EAM) has confirmed that the second part of Phase I at its Warsaw North Logistic Park is 100% leased, despite construction not being scheduled for completion until the third quarter of 2026. This total occupancy before the first brick of the new section is laid signals a significant supply-demand imbalance in the Polish logistics sector.
The project, located near Warsaw Modlin Airport, highlights the increasing dominance of Lithuanian capital in the regional real estate market. The latest agreement involves a five-year lease with DEKA-TRANS Sp. z o.o., an international logistics provider that has already occupied space in the project’s initial phase. This expansion will see the tenant take over an additional 10,253 square metres of warehouse space and nearly 300 square metres of office facilities.
A Strategic Hub in the CEE Logistics Corridor
The success of the Warsaw North Logistic Park is largely attributed to its proximity to the S7 motorway, a critical artery connecting Gdańsk to Warsaw, and its location near the Modlin airport. For logistics providers, these transport links are essential for managing the growing volume of cross-border trade within the European Union.
While the 100% occupancy rate suggests a robust market, it also underscores the pressure on developers to deliver modern, high-spec facilities. Paulius Stulgaitis, Fund Manager at Eika Asset Management, notes that the demand for “modern and sustainable” objects is the primary driver. However, this trend does not necessarily prove a universal boom; rather, it highlights a flight to quality where tenants are willing to commit years in advance to secure assets that meet specific environmental and technical standards.
| Feature | Phase I (Total) | Full Project (All Phases) |
|---|---|---|
| Land Area | 7.54 hectares | 23+ hectares |
| Leasable Area | ~38,000 sq. m | ~117,000 sq. m |
| Total Investment | Over €25 million | Over €70 million |
| Occupancy Status | 100% Leased | Phased Development |
Sustainability as a Competitive Advantage
A key factor in securing long-term international tenants like DEKA-TRANS is the project’s adherence to ESG (Environmental, Social, and Governance) criteria. The “Nowy Modlin” project has already secured a BREEAM “Excellent” certification, scoring particularly high in water management, waste reduction, and pollution control.
In the current investment climate, a BREEAM “Excellent” rating is no longer a luxury but a requirement for institutional investors and multinational corporations. By reducing the environmental footprint and operational costs of the building, EAM is effectively de-risking the asset against future carbon regulations and energy price volatility. This focus on sustainability has allowed the developer to offer a product that remains competitive even amidst broader market uncertainty and fluctuating construction costs.
The Trajectory of Regional Expansion
The completion of Phase I, Part 1 in December 2025 provided 28,454 square metres of space, which was immediately operational. The upcoming delivery of Part 2 in August 2026 will conclude the first major investment stage. However, the broader vision for the site is much larger. Once all three phases are complete, the complex will offer 117,000 square metres of leasable area, representing a total investment exceeding €70 million.
For UK-based observers and investors, Eika’s success in Poland serves as a case study in how Baltic investment firms are successfully scaling their operations across borders. It proves that despite high interest rates and geopolitical shifts in the region, well-located industrial real estate with high sustainability credentials continues to attract significant capital and high-quality tenants.
Original reporting by: elta
Source: ELTA
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