Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, October 13, with Winston Norman, Editor and Chief of EuropaProperty.com.
Kajima and Griffin complete large student depot project in Krakow
Kajima Student Housing and Griffin Capital Partners have completed the development of a 795-bed Student Depot dormitory in Kraków, its largest residential scheme in Poland. The building was fully let upon completion, demonstrating the depth of demand for quality private dormitories in Poland, with around half of the tenants coming from Poland and a half from abroad, particularly Spain.
The main contractor of the scheme was Erbud. The property was developed by one of the largest property developers in Poland, Echo Investment.
Stephen Young, Senior Investment Manager at Kajima Student Housing, said: “The demand for this high-quality offering has been excellent and this underpins our view that the occupational fundamentals for PBSA sector in Poland are strong.”
Marek Obuchowicz, Partner at Griffin Capital Partners, responsible for developing the Student Depot platform comments: “Interest in private student accommodation in Poland is growing.”
Jolanta Bubel, CEO of StudentDepot, said: “This has been a popular scheme with students making reservations while we were finishing the building, and the fact that it was fully let out before the start of the academic year demonstrates how important it is for Poland to have top-notch student housing.”
Globalworth expands its industrial activity in Târgu Mureș
Global Vision and Globalworth Industrial are expanding their joint portfolio with Mureș City Logistics, an industrial and logistics last-mile project with a total area of almost 38,000 sqm in Târgu Mureș.
Târgu Mureș is the third location within the joint venture partnership, after developing Constanța Business Park and Chitila Logistics Hub. In addition, Global Vision plans to develop a series of city logistics projects in locations such as Otopeni, Chitila, Oradea, and Bacău.
“Through the projects we develop in different strategic locations across the country, we focus to bring together sustainable solutions with modern functions requested by our clients in particular, or by the current logistics and industrial market needs, in general”, stated Sorin Preda, CEO & Founder Global Vision.
“The Globalworth strategy is focused on income generation and value creation primarily through a sizeable portfolio of Class A offices, and logistics/light industrial properties, a market that has grown strongly in the last five years”, said Mihai Zaharia, Globalworth Romania Investment Director and Globalworth Group Capital Markets Director.
HelloParks starts large project in Budapest’s agglomeration
The first column of the first 58,000 sqm warehouse in HelloParks’ Páty mega park has been placed. The nearly €70 million investment will be the largest contiguous warehouse in Budapest’s agglomeration and it is HelloPark’s largest project to date.
The big box type, energy efficient and environmentally friendly warehouse is expected to be handed over in the summer of 2023. According to plans, a modern warehouse and industrial infrastructure with a gross leasable area of 354,000 sqm will be realized in several phases in the HelloParks Páty mega park.
DSV leases over 75,000 sqm within the wrocław logistics south hub
Panattoni has leased out almost 80,000 sqm to global logistics operator DSV within the Wrocław Logistics South Hub. This is the first lease for space in the developer’s largest project in the region, which is to eventually comprise 250,000 sqm.
“DSV continues to grow in Poland and this year it was once again ranked as one of the top three firms from the TSL sector,” says Marek Dobrzycki, the Managing Director of Panattoni.
Because the development of the space for DSV is to be sustainable, the developer will be able to apply for BREEAM ‘Excellent’ certification while also significantly reducing both energy usage and CO2 emissions as well as looking after the wellbeing of the building user.