Coffee with Craig Show – daily CRE news covering the CEE region, Friday, October 14, with Winston Norman, Editor and Chief of EuropaProperty.com.
EBRD lends €100 million for new Gdansk port terminal
The EBRD has joined a group of banks that will finance the construction of a third deep-water container terminal in Poland’s port of Gdansk on the Baltic Sea. The €100 million EBRD loan is part of an €863.5 million financing package put together by a group of local and international lenders for Polish firm DCT Gdansk and its parent company, Baltic Hub.
The senior loan will be used to finance the construction of a new Terminal 3 in the Port of Gdansk and to upgrade Terminals 1 and 2. Terminal 3 will add 717 metres of deep-water quay and 36 hectares of yard area and be equipped in the first phase with 7 energy-efficient ship-to-shore cranes and 20 semi-automated rail-mounted gantry cranes.
The first ships are expected to be received in Terminal 3 by the end of 2024, with full completion scheduled for 2025.
Nandita Parshad, EBRD Managing Director for Sustainable Infrastructure, said: “DCT Gdansk is one of the fastest-growing ports in Europe, and will become one of Europe’s 10 largest ports by shipped volume of goods after the completion of this project.”
VGP completes the first phase of VGP Park Budapest Aerozone
The first phase of VGP Park Budapest Aerozone in Üllő has been completed, and the company handed over a 10,000 sqm warehouse building to Boxy Logisztikai Zrt. Following the handover, the entire industrial complex is planned to be completed in 3 further phases, with a further 50,000 sqm of buildings being designed and constructed by VGP’s Hungarian team.
“The park is part of the Eastern industrial region of Budapest. Its proximity to the airport and motorways is of particular importance, as it offers easy access to both major cities in Hungary and to the main destinations in the surrounding countries,” says Károly Pálovics, VGP’s country manager for Hungary.
Even more energy at Skyliner
The Skyliner office building in Warsaw, owned by the Karimpol Group, will be home to Wento. One of the largest renewable energy developers in Poland will occupy almost 1,500 sqm of space.
Since 2015, in addition to developing wind farms, Wento has also been successfully involved in solar projects, which will play a key role in Poland’s sustainable development over the next decade, providing clean and cheap energy.
Wento’s team will start work at its new premises in Skyliner in March 2023. The leasing process was brokered by CBRE.
“The investment perfectly fits in with our beliefs and mission, meets the standards of sustainable development, and offers an attractive location,” said Wojciech Cetnarski, President of the Management Board at Wento.
“We have attached great importance to ensuring that our flagship investment is as friendly as possible to people and the environment,” said Harald Jeschek, Managing Partner at Karimpol Group.
Amway relocates into MLP Pruszków II
Access Business Group International Polska, a long-standing client of MLP Group, has relocated its operations to another logistics park in the developer’s portfolio. The tenant will move into the rapidly expanding MLP Pruszków II.
“We are thrilled to extend our long-standing relationship. The new facility being developed for Access Business Group in the expanded MLP Pruszków II logistics park will be perfectly suited to the client’s needs,” said Tomasz Pietrzak, Leasing Director Poland at MLP Group S.A.
MLP Pruszków II is a modern logistics centre located near Warsaw, five kilometres from Pruszków. With a target leasable space of 393,000 sqm, it is the region’s largest logistics complex.