Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, October 11, with Winston Norman editor and chief of EuropaProperty.com.
Multi and Union Investment partner with Chainels to drive digital innovation in shopping centres
Chainels, a tenant experience platform, has partnered with Multi Corporation to launch the Multi Forum tenant experience app and provide a digital ecosystem to retail assets managed by Multi. Among the assets that use the app are Polish-based Magnolia Park, Ferio Konin and Sarni Stock, all owned by Union Investment.
Multi is implementing the Multi Forum app across the portfolio they manage on behalf of Union Investment to strengthen tenant engagement, make a positive impact on the local communities and drive productivity through data-driven asset management and property management.
Jörg-Michael Zimmermann, Head of Asset Management Shopping Center International, Union Investment Real Estate GmbH, said: ”These collaborative partnerships are vital to delivering a fresh, compelling experience that engages customers and ensures that properties remain attractive and successful over the long term.”
Sander Verseput, co-founder, COO & CFO at Chainels added: “Since our creation in 2013, we have powered 30 million sqm of customer’s space and have become the strategic technology partner of over 400 communities in 16 countries.”
Romania sees significant warehouse take-up in Q3
During Q3 Romania’s warehousing sector experienced significant transaction activity. Almost 50 percent of the warehousing surface for which lease contracts were signed in 2022 were transacted during July – September of this year, says Dunwell Industrial Brokerage.
The main sector that has supported the Romanian economy during these first 3 quarters is retail, according to this recent market analysis by the industrial agency Dunwell. A total of 627,837 sqm of warehousing space was transacted, more than a third of which (36 percent) was occupied by retailers.
“This consolidated growth from Q3 is very promising. Companies seem to have overcome the indecision caused by the current political context and have continued their expansion,” commented Daniel Cautiș, from Dunwell Industrial Brokerage.
What lies ahead for PRS in Poland?
Poland’s Private Rental Sector is going through a significant growth period. At the end of September 2022, this sector offered more than 8,500 apartments for rent spread across Poland’s largest cities. And the prospects for development remain very high, says AXI IMMO, together with industry experts Inquiry and ThinkCo, in a special publication, “Development prospects for the PRS market in Poland.”
“The vast majority of people interested in institutional rentals are those who, among other things, have difficulty obtaining financing to buy their own homes. In addition, cultural psychologists signal that as a result of generational changes, the development of transportation, or the available socio-spatial offerings resulting from globalization, the labour market is witnessing the disappearance of employees’ attachment to their place of residence as to their work itself,” comments Grzegorz Chmielak, Head of Valuation and Capital Markets, AXI IMMO.
Panattoni builds factory near Warsaw for Reynaers Aluminium
Panattoni is developing a factory for Reynaers Aluminium near Warsaw. The new factory of almost 29,000 sqm will be one of the company’s largest production facilities in Europe. The development is to be submitted for BREEAM certification for a rating of ‘Excellent’.
The development is being built just 35 km from Warsaw and it will raise the production capacity of the company with a new line and production capabilities. The business is to start using the centre from Q2 2023.
“Being chosen by a sector’s leading company is always the highest compliment for us, our work and our ability to tailor solutions to the needs of the client,” says Sylwia Robakiewicz-Mokwińska, Senior Leasing Manager at Panattoni.