Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, March 1, with Winston Norman, Editor and Chief of EuropaProperty.com.
P3 logistic parks acquires Panattoni’s Campus 39 park in Wroclaw
P3 Logistic Parks has acquired the Campus 39 business park in Wroclaw, southwest Poland, from the industrial developer, Panattoni. This marks the fifth acquisition P3 has completed in southern Poland in the past 12 months.
The Campus 39 project, re-named P3 Wrocław II, consists of four buildings, covering a total area of 185,000 sqm, adapted to the needs of the warehousing and light industry. In line with P3’s environmental ambitions, the park has achieved a BREEAM sustainability rating of “Excellent”.
Bartłomiej Hofman, Managing Director of P3 Logistic Parks in Poland, said: “P3’s strategy in Poland remains focused on identifying attractive development and investment opportunities to supplement our growing portfolio of high-quality assets across the country.”
Robert Dobrzycki CEO & Co-Owner of Panattoni Europe, UK, and India said: “The sale of our Wroclaw logistics park to P3 demonstrates the sustained strong institutional investor appetite for industrial and logistics real estate.”
P3 Logistic Parks was advised in the transaction process by Greenberg Traurig, Gleeds, Cushman & Wakefield, and Delta-Simons, PwC Poland.
Enel X installs photovoltaic power station at CTPark Bucharest
CTP continues to invest in green energy by installing a 1.5 MW photovoltaic power station at the CTPark Bucharest industrial park in western Bucharest.
The plant will be developed by Enel X Romania and comprises approximately 3,700 rooftop panels that will provide an average annual production of 2,100 MWh, with priority distribution to its tenants.
“We are the first real estate developer with a rooftop PV station in Romania that is already operational,” said Ana Dumitrache, Country Head of CTP Romania.
“The photovoltaic plants mounted on the roof represent for this sector a unique opportunity to significantly reduce the impact of its own activities on the environment, being at the same time a good financial investment,” said Daniel Ortiz, General Manager of Enel X Romania.
Speedwell makes large land purchase close to Bucharest
Speedwell has purchased a land plot of 14 hectares in northern Bucharest, for a new residential development that will feature 210 villas.
All the homes in the planned project, Glenwood Estate, will include photovoltaic panels and additional facilities designed to ensure the sustainability of the complex.
“The Corbeanca area has the advantage of being in proximity of Bucharest, yet it is also a setting where people have access to nature and all its benefits,” said Jan Demeyere, Architect and Co-Founder of Speedwell.
Office developers look to increase Romania’s regional office stock
Developers announced the construction of more than 275,000 sqm of new office projects in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov, therefore the modern office stock could reach around 1.3 million sqm in the next 5 years, according to the Cushman & Wakefield Echinox Office Market latest Regional Cities report.
Iasi and Cluj-Napoca will benefit from the highest new supply of office spaces in the coming years. Cluj-Napoca remains the most significant regional office hub, with a stock of 340,000 sqm at the end of 2022, followed by Timisoara (293,000 sqm), Iasi (213,000 sqm) and Brasov (152,000 sqm).
The main office projects under construction, include: in Iasi – Silk District (a mixed-use project developed in several phases, which will consist of an office component of 104,000 sqm) developed by Prime Kapital, Palas Campus (60,000 sqm), developed by Iulius Group; in Brasov – AFI Europe intends to extend AFI Park and NHood announced a new building within the Coresi Business Campus.
Vlad Saftoiu, Head of Research Cushman & Wakefield Echinox, commented: “The major regional cities continue to be a point of attraction for the companies wishing to further expand their presence in Romania, with developers, therefore, aligning their investment plans based on this continuous demand.”
The main driver of the leasing activity is the IT sector, which had a share of more than 70 percent of the total take-up last year.