Coffee with Craig Show – daily CRE news covering the CEE region, Friday, December 30 with Winston Norman, Editor and Chief of EuropaProperty.com.
Panattoni sells fully leased Silesia Park near Katowice to Palmira
Panattoni has sold its fully-leased Silesia East logistics park near Katowice to Palmira Capital Partners. The 32,000 sqm Grade A complex is part of a major logistics hub around Katowice, the capital of the Silesia region, which borders the Czech Republic and Slovakia.
The park is 100 percent leased to electronics manufacturer Bitron, automotive company Toyota, logistics supplier Antwerk, Dorel, the owner of brands including Maxi-Cosi children’s car seats/pushers, and scaffolding specialist PlusEight.
Karina Trojańska, Chief Financing & Operating Officer at Panattoni, said: “Investor appetite for modern logistics properties with high sustainability credentials in the Polish market remains robust and this park in Silesia ticks all the boxes.”
Aleksandra Bis, Head of Palmira Asset Management Poland, added: “We are delighted to enlarge our Polish portfolio with this acquisition, especially in such a challenging year. Further investments are on the way.”
Echo Investment sells Face2Face Business Campus to Investika and Bud Holdings
A JV of Investika – a Czech retail investment fund, and Bud Holdings – a Luxembourg-based private equity company, became the new owners of the entire Face2Face Business Campus in Katowice. The deal exceeding €100 million confirms the potential of commercial real estate in the Polish regional markets.
Face2Face consists of two buildings with 47,000 sqm of modern office space. The complex is leased almost 100 percent to such reputable tenants as Campgemini, Honeywell, DAZN, Orange, Medicover Polska, and CitySpace.
“Face2Face Business Campus is an excellent investment product with a guarantee of stable income for a long-term investor,” says Małgorzata Turek, Echo Investment’s Management Board Member.
“We would like to thank Investika and Bud Holdings for their trust in Echo Investment and for choosing top-quality Face2Face Business Campus buildings with high environmental standards,” says Rafał Mazurczak, Echo Investment’s Management Board Member.
“Face2Face Business Campus is INVESTIKA´s largest investment in Poland to date,” says Václav Kovář, INVESTIKA real estate fund´s portfolio manager.
Union Investment sells Maraton office building in Poznań
Union Investment has sold the Maraton office building in Poznań to the Austrian insurance company UNIQA Insurance Group AG.
“After a successful first leasing cycle, our business plan has been fulfilled and we are pleased to be able to hand over the property, which has been stabilized for the long term, to UNIQA Real Estate,” commented Martin Schellein, Head of Investment Management Europe at Union Investment.
Maraton has 26,151 sqm and is currently fully let. The property’s sustainability is documented by LEED Platinum certification.
Globalworth secures €160 million loan from Erste Group
Globalworth announced the signing of two new facilities with Erste Group for an aggregate amount of €160 million.
The first facility is a €50 million unsecured Revolving Credit Facility (RCF) with a three-year term. The second facility is a €110 million asset-secured financing of the company’s logistics / light-industrial portfolio in Romania, with a ten-year term.
Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director, Globalworth, commented: “Liquidity remains a key focus for us, so we are delighted to have obtained further flexible, committed capital on favourable terms, notwithstanding the prevailing macroeconomic environment.”