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TURKEY BECOMES MAGNET FOR INTERNATIONAL INVESTORS
Turkey’s Real Estate Platform GYODER, representing more than 200 companies within the property sector, today launched a new report “Spatial Revisit: Emerging Areas of Real Estate Investment in Turkey,” presented by PwC Turkey at MIPIM.
The report reveals the major trends that will drive the Turkish real estate market for the coming years. Booming e-commerce, the recovery of tourism after the pandemic, higher exports, investment in regional development, investor-friendly incentives, new ways of working, sustainability and ESG are all coming to the forefront of the national policy agenda and will be critical to attracting international investment to the country.
The exclusive event in Cannes, attended by property developers, investors, and industry figureheads was introduced with a keynote speech by George Friedman. Who said, “Turkey will emerge over the next decades as a major economic and political power. Turkey’s strategic position makes it both an indispensable country and a true highway from Asia to Europe and Africa. This was something I wrote ten years ago, and I believe now more than ever.”
Mehmet Kalyoncu, Chairman of GYODER, said: “Changing geopolitics always brings new opportunities. Turkey is in the center of new global trade routes and global energy corridors which brings global players’ attention to infrastructure, energy, logistics sectors as well as real estate. As GYODER we are here to cooperate and support international investors with finding opportunities and realizing them.”
The logistics market in Turkey is ranked the highest investment prospect according to PwC.
VGP PARK BRATISLAVA SET FOR SUBSTANTIAL EXPANSION
Developer VGP will expand its logistics park VGP Park Bratislava. For this purpose, the successful acquisition of new land with a total area of 350,000 sqm has already taken place.
Currently, the construction of VGP Park Bratislava I with a total area of almost 58 hectares is underway at the site. Gradually, up to 7 buildings will be built here, which together will offer more than 250,000 sqm of rentable space. Current tenants already include Continental, Geis and Dirks.
The planned extension, i.e. VGP Park Bratislava II with another 5 halls will offer 150,000 sqm for lease. The first of the halls are scheduled for completion in Q2 2023.
“We expect that the rest of the halls will be ready for occupation in the third or fourth quarter of next year, depending on the interest of potential clients. We have already experienced a great deal of interest in the site in the immediate vicinity of the capital,“ comments Tomáš Bednár, Country Manager of VGP Slovakia.
Upon completion, VGP Park Bratislava will become one of the largest projects in the VGP portfolio.
The VGP Group already owns 3 locations in Slovakia. Overall, the Group operates in fourteen European countries and remains on track for success. In Europe, the company based in Antwerp, Belgium, now operates 100 parks.
In addition to state-of-the-art technology, sustainability and energy efficiency are central parameters for the commercial properties developed by VGP. The company is committed to becoming carbon neutral by 2025 and is also engaged in BREEAM certifications and green power generation.
KAMOKA LEASES 13,500 SQM IN PANATTONI PARK KOLUSZKI
Panattoni is to expand its logistics operations in an emerging warehousing location in Central Poland, which is already proving to be an excellent alternative to the Łódź market. Panattoni Park Koluszki, with a target area of 39,800 sqm, is now 60 percent leased. In September this year, more than 13,500 sqm will be occupied by international auto parts supplier Kamoka.
The company will start operations at Panattoni Park Koluszki in October 2022. It was represented by Axi Immo in the process of selecting the location and negotiating the contract.
“Koluszki is an excellent alternative for the Łódź market and an ideal base for servicing it. Our park benefits both from being within an economic zone and its strategic location in Central Poland,” says Katarzyna Osińska, Development Director at Panattoni.
“The client was looking for modern warehouse space close to its headquarters in Brzeziny. This was an important factor for employees, making it convenient for them to commute to work,” comments Hubert Wojtera, the Industrial and Logistics Director at Axi Immo.
The entire complex is due to be completed by the developer by the end of 2022. The park is suited for both warehouse and light production processes as well as for small, medium-sized and larger enterprises. It is to be BREEAM certified.
ROSSMANN OPENS ON THE GROUND FLOOR OF RONDO 1
Rossmann has opened another store in Warsaw this time in the Rondo 1 office building, next to the Rondo ONZ metro station. The Rondo 1 office building is one of the most recognizable buildings in the Polish capital. In addition to the unbeatable location, tenants appreciate Rondo 1 for its eco-friendliness. The office building certified with the LEED Platinum mark is characterized by high energy efficiency and numerous solutions in line with the implementation of the sustainable development goals.
“We are glad that the building will get richer for a drugstore chain visited by over 805,000 customers a day. Rossmann, located on the ground floor of the office building, and will certainly be another convenience for our tenants,” commented Bożena Jurek from Cushman & Wakefield.
Rossmann, with almost a third of the drugstore market in Poland, recorded a turnover of PLN 11.44 billion last year.
