Coffee with Craig Show – daily CRE news covering the CEE region Tuesday, March 1 with Winston Norman, Editor and Chief of EuropaProperty.com. Celebrating over 300 shows!!! Become a partner and reach over – 8,000 viewers weekly – 14,000 viewers on the Executive interviews.
FASHION HOUSE GROUP EXPANDS BUCHAREST OUTLET CENTRE
Fashion House Outlet Centre Pallady will undergo an expansion of 5,674 sqm roughly one year after the delivery of the first phase of the project located on the eastern outskirts of Bucharest.
The new phase will be completed in the second quarter of 2023, while the total investment in the project stands at €45 million.
Brendon O’Reilly, Managing Director of Fashion House Group, suggested that the expanded outlet centre will boost footfall and sales of retailers present in the project. The overall leasable area of the project will stand at 14,000 sqm following the expansion works.
This is the second outlet centre operated by the group, alongside a similar project on the western outskirts of Bucharest.
MLP GROUP POSTS RECORD YEAR OF LEASING
MLP Group signed 48 contracts last year to lease a total of nearly 300,000 sqm of warehouse space, approximately 50 percent more than in the preceding year. The property portfolio managed by MLP Group has already exceeded 1 million sqm, with a further 2 million sqm under development.
Most of the new leases were for space at the MLP Poznań West logistics park.
“This past year was a very successful one for us. Looking at new leases only, we achieved an over 90 percent year-on-year growth in leased space. This means demand for warehouse space continues to soar,” said Agnieszka Góźdź, Head of the Sales Department at MLP Group S.A.
MLP Group expects the dynamic growth of the scale of its operations to continue in the coming years. “We will continue on the fast growth path, particularly in Germany, where we constantly expand our project portfolio. We aim to consolidate our market position in Austria, with two projects already underway. Also, we will soon be present in the Netherlands and Hungary. We are set to consistently expand our offer in key warehouse regions in Poland, which remains our core market. This should help double the scale of our operations by 2024,” said Radosław T. Krochta, President of the Management Board of MLP Group S.A.
KINGSTONE REAL ESTATE APPOINTS SENIOR PORTFOLIO MANAGER
KINGSTONE Real Estate has strengthened its team in Warsaw with Agnieszka Niezgodzka. As Senior Portfolio Manager she supports the company’s international growth in close collaboration with KINGSTONE’s headquarters in Munich. Agnieszka Niezgodzka reports directly to KINGSTONE Co-Founder and Executive Partner Philipp Schomberg.
Agnieszka Niezgodzka joins from P3 Logistic Parks, where she served as Group Head of Portfolio Analysts. Prior to this, she worked at Multi Poland, Heitman Financial and Ernst & Young. As a real estate expert for 20 years, she is experienced in commercial real estate valuation, asset management as well as financial analysis.
Philipp Schomberg says: “We are delighted to welcome Agnieszka at KINGSTONE. She is a very skilled real estate professional with a proven track record. She fits perfectly into our team and is going to support our growth internationally as well as in Central and Eastern Europe.”
COLLIERS IN CEE APPOINTS NEW REGIONAL DIRECTOR OF CAPITAL MARKETS
Colliers has promoted Kevin Turpin to Regional Director of Capital Markets in Central and Eastern Europe (CEE) with immediate effect. In his new role, Kevin will focus on the further development of Colliers’ CEE Capital Markets service line.
“Kevin’s appointment marks an important and exciting new step for Colliers in CEE and on a European basis. Through his extensive client relationships and his understanding of the market, I am sure he will help our existing investment clients to grow and make the right strategic decisions, whilst attracting new opportunities. Combined we will provide a more complete and unique regional platform for investors across a broader range of real estate sectors,” said Luke Dawson, Managing Director, Cross Border Capital Markets, Colliers in EMEA.
