Elkop

What Elkop does

ELKOP S.A. is a Poland-based, Warsaw Stock Exchange-listed (GPW) commercial real estate company that owns, operates, and rents office, retail/service, production, and warehouse space across four Polish cities — Płock (headquarters of the COTEX Office Centre), Chorzów, Elbląg, and Poznań — with a wholly-owned Estonian subsidiary, ELKOP Estonia SE. The portfolio totals in excess of 30,000 m² of usable area and over 515 parking spaces combined, anchored by the flagship COTEX Office Centre in Płock (10,319.55 m², four storeys, 5 elevators, 250+ parking spaces, 24/7 security and monitoring, flexible open-space and cabinet-style layouts, dedicated zones for medical, banking, catering, wellness, postal/courier uses, and fully equipped conference and training rooms). Industrial capacity is concentrated at Elbląg (5,150 m² production hall with 100t/50t/20t overhead cranes, shot-blast and paint/drying cabins, high-power energy connection) and Chorzów (11,000 m² production/warehouse with 3.2t/5t overhead cranes, 2 km from the A4 motorway). Poznań hosts a three-building complex with administrative, commercial/warehouse, and freight elevator infrastructure.

The company operates a direct, sales-led go-to-market model with a dedicated local lettings team at each property (Małgorzata Piasecka in Płock, Adam Nowok in Chorzów, Elżbieta Kopal in Elbląg, Karolina Gut/Karolina Sobkowiak in Poznań), supported by its own website (elkop.pl) and a Facebook presence for COTEX. Revenue is generated almost exclusively through rental of commercial space on individually negotiated, recurring monthly leases (subscription-style) to a broad mix of B2B tenants, ranging from SMB service providers (dentists, schools, barbershops, debt-restructuring firms) to enterprise and listed-group counterparties (PKN ORLEN's ORLENenergia, Stokrotka pharmacy chain, ALAB Laboratoria, Magnetica, Budmat, ORION Ochrona). Operating costs (electricity, water, heating) are metered and billed separately. The principal shareholders are Patro Invest OÜ (51.25%) and a free float of 48.75%, with share capital of EUR 18,418,880. No dividend has been paid in the last five years.

The model is fundamentally a passive-asset real-estate play with a stable but undifferentiated digital footprint, no AI/ML capabilities, no disclosed revenue, and a recent history of capital-structure adjustments (2024 non-cash contribution, August 2025 share-capital reduction) rather than organic expansion. Competitive advantages rest on the physical specificity of the buildings (heavy-duty cranes, prestigious address, motorway-adjacent industrial space), their locational attributes, and the friction embedded in long-term leases and tenant fit-outs — not on technology or platform differentiation.

Name

Elkop

Legal name

ELKOP S.A.

Website

https://elkop.pl

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

ELKOP S.A. is a Poland-based, Warsaw Stock Exchange-listed commercial real estate company that owns and rents office, retail/service, production, and warehouse space across four Polish cities, managing a portfolio of more than 30,000 m².

Ownership category

akta.pro rank

Product category

Commercial Real Estate Rental

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Office Property Management (BPAJAGAA)

Keywords

• Commercial real estate rental
• Office space leasing
• Warehouse space rental
• Industrial property leasing
• Production hall rental

Headquarters

HQ city

Plock

HQ country

Poland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Real Estate Rental: ELKOP earns revenue primarily through renting out commercial properties including office spaces, retail/commercial units, production facilities, and warehouses across its properties in Płock, Chorzów, Elbląg, and Poznań. The company offers flexible space solutions from small offices (18 m²) to large industrial halls (up to 11,000 m²). Rental income is recurring, based on long-term lease agreements with tenants across diverse sectors including call centers, medical services, beauty/cosmetics, security, retail, and professional services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

ELKOP S.A. is a Polish commercial real estate company that owns and manages multi-use properties for rent across four cities in Poland: Płock (COTEX Office Centre), Chorzów, Elbląg, and Poznań. The company leases office, retail/commercial, service, and industrial production/warehouse spaces ranging from 18 m² offices to 11,000 m² production halls. Rental terms are individually negotiated based on space size, lease duration, and tenant fit-out requirements.

Product overview

ELKOP SA is a commercial real estate company offering rental of office, service, production, and warehouse spaces across four locations in Poland: Płock (COTEX Office Centre), Chorzów, Elbląg, and Poznań. The portfolio includes prestigious office buildings and large-scale production/warehouse facilities with modern infrastructure, parking, security, and monitoring systems. The company's flagship property is the COTEX Office Centre in Płock, a four-story building offering 10,319.55 m² of premium office and commercial spaces.

Differentiator

Problem solved

Functional benefit

Brands

• COTEX Office Centre: Prestigious office building in Płock offering modern office and commercial spaces totaling 10,319.55 m².

Products and services

• COTEX Office Centre (Płock) Prestigious four-storey office and commercial building in Płock at al. Marsz. Józefa Piłsudskiego 35, offering 10,319.55 m² of usable area, 5 elevators, 250+ parking spaces, 24/7 security and monitoring, flexible open-space and cabinet-style office layouts, fully equipped conference and training rooms, and dedicated zones for medical, banking, catering, wellness, postal/courier tenants.
• Chorzów Commercial Property Eight-storey building complex in Chorzów at ul. Kurta Aldera 44 featuring modern office spaces (18 m² to 600 m²) and production/warehouse halls totalling 11,000 m², equipped with two elevators, 3.2-tonne and 5-tonne overhead cranes, monitored and guarded site, located 2 km from A4 motorway and DTŚ road within the Silesian Agglomeration.
• Elbląg Commercial Property Four-storey building in Elbląg at Aleja Grunwaldzka 2i offering office spaces (18-42 m²) and a 5,150 m² production hall (24 m height × 33 m width × 156 m length) equipped with 100t, 50t, and 20t overhead cranes, shot-blast and paint/drying cabins, compressed air network (ATLAS COPCO), gas pipeline, high-power energy connection, and entry via two gates. Located near Elbląg city centre with proximity to the Tricity (Gdańsk, Gdynia, Sopot).
• Poznań Commercial Property Complex

Quantifiable outcome

• COTEX Office Centre is one of the most prestigious buildings in Płock, with 10,319.55 m² of usable area and 250+ parking spaces, serving as a landmark commercial address.
• +2 more outcomes

Named customers31 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• ORLEN Wisła Płock (handball club)minorGTM or Marketing Partner · 30 June 2023ELKOP SE signed a sponsorship agreement with ORLEN Wisła Płock (handball club) promoting the COTEX Office Centre brand. Multiple sponsorship agreements were signed across seasons, including a promotional deal valid to 30 June 2023, and subsequent agreements extending sponsorship for two additional sports seasons. The sponsorship demonstrates community engagement and local brand building.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Globalworth: Globalworth is a leading listed office landlord in CEE with a strong Polish portfolio. It is comparable because its Polish office assets serve similar corporate tenants, although at substantially larger scale and institutional quality.
• CA Immobilien Anlagen (CA Immo): CA Immo is one of the largest listed office landlords in Central Europe, with material Polish exposure. It competes with ELKOP for office tenants in Polish cities and serves as a benchmark for institutional-grade Polish office assets.
• IMMOFINANZ: IMMOFINANZ is an established CEE commercial real estate group with offices, retail and industrial assets across Poland. It is comparable because it competes for the same tenant base as ELKOP in Polish office and logistics markets, albeit at far greater scale.
• CPI Property Group: CPI Property Group is the largest commercial real estate group in CEE with diverse office and retail assets. It is comparable to ELKOP because both generate rental income from Polish commercial property, though CPI operates at much greater scale and with broader geographic reach.

Direct peers

• Echo Investment: Echo Investment is a major Polish developer and long-term landlord of office and retail real estate. It is comparable because, like ELKOP, it generates recurring rental income from Polish commercial assets under a long-term hold strategy.
• Vantage Rent REIT: Vantage Rent (formerly Griffin Premium RE) is a Polish REIT focused on stabilised income-producing real estate. It is comparable because both companies are small-to-mid-cap Polish income-producing property vehicles targeting B2B tenants.
• Globe Trade Centre (GTC): GTC is one of the largest listed commercial real estate developers and landlords in Poland and the CEE region, primarily focused on office and retail assets. It is directly comparable to ELKOP because both own and operate commercial property portfolios in Poland targeting office and retail tenants.
• Polski Holding Nieruchomości (PHN): PHN is a Warsaw-listed Polish real estate company with a diversified portfolio of office, retail and industrial assets. It is directly comparable to ELKOP because both are publicly listed Polish landlords running multi-format commercial property books.

Emerging players

• Panattoni: Panattoni is the largest logistics and industrial developer in Europe with significant Polish build-to-suit activity. It is comparable to ELKOP because both serve Polish manufacturing and logistics tenants with industrial space, although Panattoni is build-and-sell focused while ELKOP holds long-term.

Regional players

• Atrium European Real Estate: Atrium is a CEE-focused shopping-centre landlord, but its portfolio overlaps with ELKOP's retail and commercial units at COTEX. Both target retail and service tenants in secondary CEE cities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Cotex-Office-Centre-110422841099141
• LinkedInlinkedin.com/company/przedsiebiorstwo-elektromontazowe-przemyslu-weglowego-elkop-sa

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elkop