Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, February 14, with Winston Norman, Editor and Chief of EuropaProperty.com.
Bolero Office Point 2 sold
Real Management has sold Bolero Office Point 2 in Warsaw. The building has been acquired by Interpierre Europe Centrale, an SCPI managed by PAREF Gestion.
Bolero Office Point 2 is a high-end office and technology building completed in Q1 2020. The project was carried out by Real Management S.A. as a BTS (build-to-suit) development for UL International Poland, a global leader in the delivery of testing, inspection and certification services for electrical equipment, electronics and batteries.
“The closing of the deal proves that BTS projects are highly appreciated in the market and are considered an attractive asset for investors,” said Marcin Malka, CEO, of Real Management S.A.
AFI’s PRS investment in Warsaw fitted-out by Tétris
The historic 1899 Wolf Krongold building on Zlota Street in Warsaw has been developed into 146 long-term rental apartments. The investment belongs to AFI Europe Poland. Tétris, a leader in the fit-out market in Poland, was responsible for the comprehensive finishing works, including the units furnishing.
AFI Zlota 83 is a fully revitalized townhouse located in the centre of the capital city. The building is connected to a newly built section. This prestigious development features 146 elegant, comfortable, and fully equipped apartments for long-term rent.
“We chose Tétris for the finishing and furnishing of the units due to the company’s extensive experience in projects of this scale,” says Janusz Jurczuk, Project Director, AFI.
“There are more and more investments of this type in Poland, and according to forecasts, this market will grow intensively,” explains Krzysztof Poznański, Contract Director, Tétris.
Warsaw Unit with serviced offices from OmniOffice
OmniOffice, a leader in the Polish serviced office market, has joined Warsaw UNIT as a tenant. The company has leased 3,090 sqm of modern office space in the building. The agreement with the developer, Ghelamco has been signed for a term of 10 years. Serviced offices will be available to new tenants from July 2023.
“Warsaw UNIT, which today is one of the most sustainable and technologically advanced office buildings in this part of Europe, will guarantee the best conditions for work and business development also for users of flexible spaces,” says Jarosław Zagórski, Commercial and Business Development Director, Ghelamco Poland.
“Warsaw UNIT is the fifth Warsaw-based location of OmniOffice serviced offices, this time created with medium-sized companies in mind,” says Piotr Woźny, President of the Management Board, OmniOffice.
With 46 floors and 57,000 sqm of prime office space, the building will be the first skyscraper in Poland to be powered 100 percent by clean energy. This comes after Ghelamco announced a ground-breaking project to build photovoltaic farms as part of its ESG strategy.
Hilltop Credit Partners announce new Chief Investment Officer
Hilltop Credit Partners Limited (“Hilltop”), a leading Pan-European real estate credit investment manager, has appointed Claudiu Gheorghita as Chief Investment Officer (CIO) to continue to build its loan book across the UK and bolster the firm’s expansion into the European market.
Claudiu Gheorghita, CIO of Hilltop Credit Partners, commented: “Due to the current market conditions caused by the shift in interest rates and geopolitical factors, we see an immediate need for flexible capital that can facilitate the start of new developments that can help stabilise and complete existing ones.”
Paul Oberschneider, CEO of Hilltop Credit Partners, added: “Claudiu will have a particular focus on expanding our credit offering across asset classes and geographies, leveraging our tech-enabled platform, Hilltop Credit Stream, to underwrite loans quickly and efficiently. Claudiu’s experience makes him the ideal person to deliver our vision and strategy. I am thrilled to welcome him to our growing team.”