Coffee with Craig Show – daily CRE news covering the CEE region, Monday, September 26, with Winston Norman, Editor and Chief of EuropaProperty.com.
Immofinanz acquires retail portfolio from CPIPG
As part of its growth strategy focusing on high-return properties, IMMOFINANZ is acquiring 53 retail properties in the Czech Republic, Poland, Slovakia and Hungary from its majority shareholder CPI Property Group.
The acquired portfolio has roughly 217,000 sqm of rentable space and an occupancy rate of 99 percent – the purchase price totals €324.2 million.
“This transaction represents an important strategic step to strengthen our retail portfolio. The acquisition will not only accelerate the expansion of our position on the retail park market in Europe and strengthen our STOP SHOP brand, but it will also sustainably reinforce IMMOFINANZ’s earning power with a stable rental income of roughly 25 million euros per year“, explained Radka Doehring, member of the IMMOFINANZ Executive Board.
Scallier opens a retail park in Turda
Scallier has opened its 4th retail park in Turda, Romania. The Polish company is developing a network of retail parks in Romania. After the opening of its latest facility, the total volume of modern retail space developed by Scallier is around 31,000 sqm. The company is working on the construction of further retail projects and is actively looking for land for investment.
Turda is a city of around 50,000 sqm located in the north of Romania.
“The needs reported by retail chains for modern space in smaller Romanian cities exceed the supply,” commented Adrian Aleman, Development Director in the Romanian branch of Scallier.
“These facilities are tailored to the requirements of both retail chains and local communities, and their structure, including the financial model based on the settlement of rents in EUR, additionally increases their attractiveness to international investors.,” commented Wojciech Jurga, Managing Partner at Scallier responsible for the company’s development in the Romanian market.
Panattoni to build 12,000 sqm warehouse centre in Poznań
Panattoni announced the construction of a new 12,000 sqm centre in Poznań. On a land plot just 7 km from Poznań’s city centre, the developer is planning the development of City Logistics Park Poznań II, its second urban park in the region.
“Our next Poznań urban development will form an opportunity for companies that depend on getting to the end customer in the city as quickly as possible,” says Katarzyna Kujawiak, the Development Director of Panattoni.
Upon completion of City Logistics Park Poznań II, the developer will be approaching a total of 400,000 sqm of delivered urban logistics space.
Spark receives renewal of WELL commercial interior certificate
The fifth floor of Warsaw’s Spark C building, which houses the head office of Skanska’s commercial development business unit in Central and Eastern Europe (CEE), has just been awarded the renewal of the prestigious WELL Commercial Interior certificate. The renewal means that the standards for air and water quality in the building and the quality of the internal environment are constantly maintained at the highest level. This has been the first such recertification in Poland and in the CEE region, and the second in Europe.
“ESG is one of the pillars of our business strategy,” says Anna Marciniak, HR & Administration Director, Skanska’s commercial development business unit in CEE.
“Skanska’s recertification of its Warsaw head office demonstrates an ongoing commitment to the health and well-being of their employees,” said Rachel Hodgdon, President and & CEO, IWBI.