Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, December 8 with Winston Norman, Editor and Chief of EuropaProperty.com.
Focus Estate Fund acquires Atrium Mosty in Płock
Focus Estate Fund has acquired the Atrium Mosty shopping centre in Płock (Poland). The total area of the centre (GLA) is 18,000 sqm. It is the fifth investment of the fund into the Polish retail sector
Atrium Mosty has over 50 shops. Stores like Biedronka, Sinsay, House, Media Expert, Pepco, CCC, Martes Sport, and Rossmann are among its anchor tenants.
“We follow our strategy of diversifying the investment portfolio by acquiring properties in different geographical parts of Poland as well as by supplementing the format of retail parks with convenience shopping centres with excellent location,” Maxim Shkolnick, Focus Estate Fund General Partner, commented.
EBRD supports development of greener real estate in Poland
EBRD is extending a €30 million mezzanine loan facility to DL Invest Group, a Polish real-estate developer and investor focused on commercial real estate. The mezzanine loan will support the development of sustainable industrial and logistics real estate projects in Polish regions.
The new loan provides the financing needed for three new build-to-suit industrial and logistics development projects for a variety of clients, including a global automotive supplier and a leading regional pharmacy chain. All projects will have strong green credentials.
Elisabetta Falcetti, EBRD Regional Head of Central Europe said: “The EBRD’s first project with DL Invest Group was signed more than a year ago, and the region – and indeed the world – has changed dramatically since then.”
Vlaho Kojakovic, EBRD Head of Property and Tourism said: “Modern sustainable warehouse infrastructure is at the heart of resilient and efficient supply chains. The war in Ukraine has made it obvious that Poland has a strategically important geographical location as a logistics and manufacturing hub.”
Dominik Leszczyński DL Invest Group CEO said “At a time of such dynamic growth for DL Invest Group, it is extremely important to have such a demanding and important partner as EBRD.”
Echo-Archicom summarizes first three quarters of 2022
Handing over 1,650 apartments for sale and rent to customers, maintaining 100 percent of the lease level in all completed Resi4Rent buildings, increasing the turnover of Libero in Katowice and Galeria Młociny in Warsaw – this is a summary of the Echo-Archicom Group’s operating activities in three quarters of 2022. During this time, the Group generated PLN 125 million in net profit.
“The residential market is currently undergoing changes. Individual investors who buy flats, treating them as safe capital investments, have become the dominant group of our clients,” comments Nicklas Lindberg, CEO of Echo Investment.
Construction of VGP Park Zvolen starts
After concluding an agreement with logistics company Packeta Slovakia on the future lease of 2,500 sqm of warehouse space, VGP is starting with the construction of the first warehouse in the new premises of VGP Park Zvolen in Slovakia. It will be built on the northwest border of the city. The first warehouse is scheduled for completion in the 3rd quarter of 2023.
“We already have all valid permits for constructing three various warehouses at the location with a total lettable area of 52,000 sqm,” comments Erik Križan, VGP Commercial Country Manager for Slovakia.
“With our rapid annual growth, the requirements for office and warehouse space are increasing. In order to be the best on the market, the new hall must meet several important parameters. We appreciate all the more that VGP is able to meet all our sometimes high demands,” says Alexander Jančo, Executive Director of Packeta, Slovakia.