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.
JIN&JAN BUSINESS CENTRE IN VILNIUS SOLD TO EFTEN FUND
EfTEN United Property Fund acquired the Jin&Jan class B business centre in Vilnius from a fund managed by institutional asset management group East Capital Real Estate.
The Jin&Jan office building at Mėnulio Street 7 in Vilnius opened its doors in 2008. The business centre is in a rapidly developing part of the Lithuanian capital, at the intersection of the Karoliniškės and Pilaitė districts and near the city’s Western bypass, where office clusters are forming and drawing increasing interest from tenants. The facility’s 3,700 sqm of space is fully occupied.
ETEN acquisition was advised by Fort Legal law firm, the transaction was financed by SEB bank. East Capital Real Estate was advised by Walless legal firm.
EfTEN United Property Fund invests in commercial and residential real estate in the Baltics. The fund’s investments are diversified over 27 different properties. More than 4,700 investors have invested in the fund almost 17 million euros. Everyone can invest in the fund starting from 10 euros. EfTEN executives and founders are investors in the fund. The fund’s units are planned to be listed on the Nasdaq Baltic Stock Exchange in May this year.
NEINVER REPORTS SALES INCREASE ACROSS ITS OUTLET PORTFOLIO
NEINVER, a leading outlet operator, announced a steady recovery at its outlet business in 2021, particularly during the second half of the year as restrictions began to ease. The company recorded over €909 million in brand sales across its 17-centre outlet portfolio, a 24 percent like-for-like increase in 2020 and welcomed more than 35 million visitors over the course of the year, a 16 percent like-for-like increase.
“Reaching pre-COVID levels during the second half of the year fills us with optimism and is a clear indication of the strength of our business. Our agility and extensive specialist expertise have played a key role in maximising our results, despite the continued restrictions”, said Carlos González, NEINVER Managing Director.
NEINVER’s shopping centres continue to see strong letting activity and demand, with 352 lettings completed (new leases and renewals) over the past 12 months.
“It’s encouraging to see that our brand partners are continuing to commit to growing with us and proving that outlet centres are more relevant than ever in the current retail environment,” says Joan Rouras, NEINVER Head of Leasing and Retail.
The company continued to invest in the portfolio to improve efficiency, reduce environmental impact and carbon emissions, primarily via the implementation of a digital platform to collect, monitor and analyse electricity, gas, district heating, water and waste consumption across the portfolio.
In terms of green building certification, NEINVER obtained BREEAM In-Use certification for FACTORY Gliwice, securing BREEAM certification for the entire Polish portfolio.
SAMEDAY JOINS TENANTS AT GLOBALWORTH SQUARE
Globalworth, a leading office investor on the Romanian office market, announced the signing of a new lease contract in Globalworth Square the most technologically advanced office building in the Globalworth portfolio. Sameday, a leader in the courier market in Romania, has signed a 5 year on an area of 4,260 sqm.
Globalworth Square obtained BREEAM Outstanding accreditation, with 99 percent scoring, placing the building in 3rd place worldwide. Since technology plays a central role in the office of the future, a trend accelerated by the pandemic, Globalworth is bringing the future closer with a series of unique innovations.
“Sameday is a brand that massively invests in technology, in order to build a business model that is easily adaptable to market conditions and to quickly respond to the needs of our customers,” said Ema Iftimie, Head of Leasing & Customer Care, Globalworth Romania.
“At Sameday, we have a technological core that we use to open new opportunities for our colleagues and partners. We embrace innovation and strive for more environmentally friendly solutions in the delivery market and in our lives. Considering our common values, it was only natural for us to choose Globalworth for our administrative activities,” added Lucian Baltaru, Chief Executive Officer, Sameday.
ECOLOGICAL CONSTRUCTION SOLUTIONS FROM POLAND GROWING ON THE INTERNATIONAL STAGE
SADDAR, a company specializing in the production of ecological building elements, has signed a contract with the Brico Marche stores in France. Brico Marche’s first order is for 51,000 pieces of eco-anchors, and by the end of the year, SADDAR will export over 150,000 such items to the French market.
This is another success for our domestic manufacturer, which at the end of 2020 began selling its products in an American chain of 350 construction hypermarkets. Saddar’s expansion to the US market was carried out with the support of the Polish Investment and Trade Agency.
“Our goal is to provide an ideal, ecological product that makes a significant contribution with respect to the natural environment. Over the next 2 years, we plan to strengthen our position in Europe, gaining 25 percent of the market,” said Dariusz Sadowiński, SADDAR’s inventor and owner.
A pioneering solution for the production of a composite specially developed by SADDAR, based on recycled PET material, including PET bottles, which is very attractive to Europeans.
“As part of the Green Deal, the European Commission has adopted a plan under which 55 percent of plastic packaging waste should be recycled by 2030. SADDAR’s product solutions significantly support the implementation of this plan,” said Łukasz Grabowski, Deputy Director of PAIH’s Export Support Center.
