Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, September 27, with Winston Norman, Editor and Chief of EuropaProperty.com.
Multi celebrates 40th anniversary with additional AUM worth €1.3 billion
Multi Corporation celebrates its 40th anniversary with an additional €1.3 billion worth of new assets under management. The bulk of the additional management contracts relate to retail assets, whilst the new assignments also comprise other asset classes such as office and hotel. Multi now has over €5 billion of assets under management.
The top-5 of newly acquired assets include Quincy in Cologne, Vulcano Buono in Naples, Gran Roma in Rome, Central shopping centre in Bratislava and Mall of Switzerland.
Multi started 40 years ago as a developer in the Netherlands, before expanding to countries like Portugal, Germany, Belgium, Czech Republic, Spain, Italy and Turkey, where offices, apartments and shopping centres were developed.
“Multi has gained a wealth of experience over the last four decades but still retains the entrepreneurial spirit of a start-up company,” says Steven Poelman, co-CEO of Multi Corporation. “Multi is in great shape and we continue to deliver a high-quality service to our clients,” adds Elmar Schoonbrood, co-CEO.
Liebrecht & wooD starts mixed-use project in Warsaw
Liebrecht & wooD has started its latest project in Warsaw, the Drucianka Campus. The development will be built on the site of the former Warsaw Wire, Pin and Nail Factory, also known as the Belgian Wire Factory, an industrial complex designed in 1899 by the prominent Polish architect, Kazimierz Loewe.
The factory complex will undergo a complete revitalization. It will have a BREEAM certificate at the Outstanding level. The development will consist of three six-storey office buildings with a total area of 42,000 sqm and 7,500 sqm for retail, services and events.
Magdalena Bartkiewicz-Podoba, CEO of Liebrecht & wooD in Poland, said: “The industrial character of Warsaw’s Praga district offers great potential for creating exceptional places.”
According to the developers, Drucianka Campus will take around two and half years to complete, with a total project cost of almost €150 million.
DL Invest group building BTS for Saargummi
The developer and investor, DL Invest Group has signed a contract with SaarGummi, a global supplier of parts for the automotive industry, for the lease of several dozen thousand sqm of warehouse and office space in the DL Invest Park Sędziszów investment. The project will be put into operation at the turn of the third and fourth quarters of 2023. DL Invest Park Sędziszów will be certified in the ecological BREEAM certification system.
“We are currently managing a portfolio of assets owned by DL Invest Group worth PLN 2 billion. There are also over a dozen warehouse projects in the planning phase, which will be developed in the BTS formula, as well as in the form of last mile warehouses, and the tenants of these projects are companies such as Hutchinson, Valeo and InPost,” said Dominik Leszczyński, CEO of DL Invest Group.
ConvergenCE launches VTS Rise platform in Academia office building
ConvergenCE is the first company in Hungary to commit to the WiredScore certification, with a special focus on connecting people, spaces and technology. The launch of VTS Rise is a huge milestone in technology, using a unique way to make the tenants’ lives more convenient and efficient.
Founded by former real estate professionals with numerous offices in the US and the UK, VTS is one of the most successful commercial real estate proptech companies. The VTS Rise technology aims to make tenants’ daily lives more convenient by promoting services inside and outside of office buildings.
ACADEMIA will welcome its new tenants and users in Q2 2023.
“It is very exciting to be the new partner of ConvergenCE. ACADEMIA is a beautiful building on the Danube bank and as part of its complete renovation will also be smart thanks to VTS Rise,” said Sammy Kingston, Account Executive of VTS.
“Creating a flawless tenant experience without question marks is now imperative in today’s market, “said Csaba Zeley, Managing Director of ConvergenCE.