Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, February 21, with Winston Norman, Editor and Chief of EuropaProperty.com.
One United Properties makes large land purchase in Bucharest
Romanian developer One United Properties has purchased 5 hectares of land in Bucharest for a new mixed-use development in a deal worth €35 million. The company plans to develop One Cotroceni Towers, which will have a gross development value in the range of €400 million.
“We see continued demand for mixed-use developments in the Cotroceni area, making it a very important neighbourhood for our future investments,” said Victor Căpitanu, Co-CEO of One United Properties.
The developer said the planned project will be an extension of the urban generation complex One Cotroceni Park.
ELI Parks continues its national development strategy
ELI Parks has announced a new logistic park in Oradea, successfully continuing its national development strategy. The project will be built in the western area of the city and will benefit from direct access to the future Oradea ring road.
The new logistics park will include two buildings with a total area of 30,000 sqm. For the first phase of the 10,000 sqm, works will start by this summer at the latest. The project will attract an investment of 22 million euros and addresses the needs of tenants in the production and logistics sectors.
“In recent years, Oradea has become one of the main regional centres with high economic potential,” explains Andrei Jerca, Managing Director, ELI Parks.
VGP Park Hrádek nad Nisou completed for Drylock
Warehouse developer VGP has completed the construction of its largest site in Northern Bohemia. VGP Park Hrádek nad Nisou comprises five halls with a total lettable area of more than 122,000 sqm. All the halls were tailor-made for a single tenant – Drylock Technologies, a leading global manufacturer of baby hygiene products.
“From the very beginning of our cooperation, the halls were built with an emphasis on very high operational and cost efficiency, but in addition, they also meet demanding design and functional parameters,” comments David Plzák, VGP Country Manager for the Czech Republic.
“Drylock Technologies is an important business partner for us,” adds Ondřej Titz, VGP’s Commercial Director for the Czech Republic.
“I very much appreciate the very professional cooperation with VGP, which reflects our often very specific needs, especially in the area of production halls,” comments Jiří Lukeš, director of Drylock’s production plant in Hrádek nad Nisou.
Generali and MDC2 announce 36,200 sqm lease near Kraków
MDC2 Park Kraków South is a three-building distribution and logistics development with a planned total GLA of over 90,000 sqm on a site of 19 ha. The project is located in Skawina, 13 km away from Kraków city centre and less than 2 km from the junction with the A4 Motorway.
The project is owned by Generali Real Estate through its pan-European “Generali Real Estate Logistics Fund” (GRELF) dedicated to investments in the logistics sector across Europe, and developed by MDC2.
“I am pleased to welcome the medical technology company as a tenant to our new logistics project in Skawina,” said Katarzyna Dudzik, Development Director, MDC2.
“Hosting a prime tenant in the newly developed MDC2 Park Kraków South is a testament to the high quality of the project, capable of best serving top players with state-of-the-art sustainability and innovation features,” added Pierre-David Baylac, Head of Logistics at Generali Real Estate.