Coffee with Craig Show – daily CRE news covering the CEE region – Friday, March 4 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.
S IMMO COMPLETES SALE OF IMMOFINANZ SHARES AND PUTS FOCUS ON ITS CORE BUSINESS
With the sale of its 12.69 percent stake in IMMOFINANZ AG S IMMO has generated proceeds from the sale and cash inflow of more than €400 million. The equity investment thus has generated a total return (including dividends) of approximately €81 million over the entire investment period.
S IMMO has disposed of its investment in IMMOFINANZ AG following the sale of its investment in CA IMMO in 2021. As a result, the company can now fully concentrate on its core business of letting and managing profitable properties in Germany, Austria and Central and Eastern Europe, as well as acquiring properties with high potential for value growth. Currently, several interesting acquisitions are in the pipeline.
Bruno Ettenauer, CEO of S IMMO AG, comments: “As a result of our partial offer for IMMOFINANZ shares, we have succeeded in selling our stake in IMMOFINANZ at an improved price. The situation and liquidity thus created put us in an excellent position to significantly expand our real estate portfolio and increase the earnings potential of S IMMO. This represents a further step towards sustainably enhancing the value of S IMMO.”
CTPARK VIENNA EAST LAUNCHES WITH ‘BREEAM OUTSTANDING’ CERTIFICATION
CTP is to construct a new 12,000 sqm ‘BREEAM Outstanding’ sustainability-certified warehouse and office facility at CTPark Vienna East, its first development in the Austrian market, for inaugural tenant Toyota Logistics Services Austria GmbH. Completion is expected in December 2022. Toyota Logistics Services is the spare parts distribution arm of the Japanese auto giant, and this is also the first agreement between CTP and Toyota in Europe.
The 52,000 sqm CTPark Vienna East lies on a c. nine-hectare site, 15 minutes from Austria’slargest airport, Vienna Schwechat, directly adjacent to the A4 motorway and within easy reach of the city and the Slovakian capital Bratislava, providing an ideal location for logistics and light industrial functions.
Karl Brückner, Country Manager, CTP Austria, said: “CTPark Vienna East is being developed at the heart of Austria’s light industrial hub, which itself lies at the middle of the main logistics corridor connecting Western and Central and Eastern Europe, so this was a logical site for Toyota Logistics Services to establish a new facility, which CTP will construct to the highest sustainability standards.”
AFI EUROPE GETS HEALTH CERTIFICATION FOR ROMANIAN OFFICES
AFI Europe Romania says that all its office portfolio comprising seven projects has received the Well Health-Safety Certification.
The projects that got the certification are in Bucharest, Brașov and Timișoara, with the developer suggesting that this will support the return of more employees in office buildings this year.
“The trend of returning to the office among tenants is becoming clearer every passing day,” said Emma Toma, Head of Office Division, AFI Europe Romania.
The certification was created in response to the Covid-19 pandemic and consists of operational interventions that can be made to help mitigate its spread across five areas that include air quality management and sanitization procedures.
Colliers assisted AFI Europe in obtaining the health certifications for all its offices in the country.
FRANCISCO GUTIÉRREZ APPOINTED NEW RETAIL DIRECTOR AT NEINVER
NEINVER has appointed Francisco Gutiérrez as its new Retail Director, a position that reports directly to Joan Rouras, the Group’s Leasing & Retail Director.
As part of his new role, he will be responsible both for implementing the Spanish multinational’s retail strategy across the 20 properties under management in Spain, Italy, France, Poland, Germany and the Netherlands and for overseeing the company’s relationship with the more than 600 brands that operate in its centres.
Speaking of his appointment, NEINVER’s new Retail Director, said: “It’s an honour to form part of one of the leading companies in the European outlet sector. Many challenges lie ahead, such as supporting brands as they completely rework their business models and strategies in a bid to better tailor their offering to what today’s consumers are looking for and advising them to ensure that their stores in our centres truly reflect their vision and values.”