Coffee with Craig Show – daily CRE news covering the CEE region Thursday, February 17 with Winston Norman Editor and Chief of EuropaProperty.com – 8,000 viewers weekly – 14,000 viewers on the Executive interviews.
PARTNERS GROUP AND PEAKSIDE ACQUIRE 150,000 SQM LOGISTICS OPPORTUNITY IN WARSAW
A joint venture (“JV”) between Partners Group and Peakside Capital Advisors has acquired a portfolio of warehouse properties located in and around Warsaw and will represent about 150,000 sqm of modern logistics space once repositioned.
The JV is planning to refurbish and redevelop the properties to create high-quality, efficient logistics and warehouse space with robust ESG credentials. The facilities are ideally located to serve the needs of occupiers from the e-commerce sector, which is underpinned by strong structural tailwinds. The JV aims to grow the new platform by acquiring further logistics assets for sustainable (re-)development.
Rahul Ghai, Managing Director and Co-Head Private Real Estate Europe at Partners Group, said: “We see a strong thematic investing opportunity in Polish warehouse properties, which is underpinned by the growing demand for urban logistics assets serving e-commerce that facilitate the delivery of smaller and more fragmented orders with shorter delivery times.”
Lucas Krupp, Private Real Estate Europe at Partners Group, adds: “We look forward to working on our value creation plan, which will focus on raising sustainability standards across the portfolio. We also continue to monitor for further investments in the logistics space across the CEE region.”
Roman Skowroński, Managing Director of Peakside Capital Advisors in Poland, said: “Some time ago, we made the decision to expand our business model in Poland, setting out to build a portfolio of warehouse and industrial properties. The acquisition of this portfolio marks our first step into the broader industrial market in Poland to complement our other activities in Europe.”
PANATTONI TO BUILD AN 87,000 SQM BTS FOR TEDI IN STARGARD
Panattoni has started another investment in the retail sector. An 87,300 sqm BTS facility is now under construction in Stargard in north-western Poland. The facility will be used by TEDi, a German retail chain, which has over 2,500 stores in Europe. The project, which should be completed in October this year, will support the further development of TEDi in the country, where the company doubled the number of its outlets in 2021.
“The latest representative of a retail sector that’s going through a stage of intensive growth has now put its trust Panattoni, and its choice of Stargard as a location, close to Panattoni Park Stargard, which is under construction, provides further confirmation of Western Pomerania’s huge potential,” commented Dorota Jagodzińska-Sasson, Managing Director of Panattoni. “We are also pleased that the facility to be used by TEDi features such a large office section. Once again, this confirms that industrial facilities also provide perfect bases for the various administrative departments of such enterprises.”
ATENOR STARTS CONSTRUCTION IN WARSAW
Belgium-based international real-estate developer ATENOR, has been granted building permission for its new office development, Lakeside in Warsaw. The general contractor of the project is PORR. Completion is scheduled for Q4 2023. The international advisory company JLL is responsible for the commercialisation of the building.
Lakeside, an office building of about 24,000 sqm, will be located in Warsaw’s Mokotów district
Lakeside, designed by Grupa 5 Architekci, is distinguished by its eye-catching architecture. The development will be attractively located by a lake and surrounded by greenery.
Another of the project’s key advantages is that it is BREEAM pre-certified at the Outstanding level, confirming that the investment has been designed in accordance with the highest environmental standards and will be developed in line with the principles of sustainable construction.
“Sustainable office buildings are gaining in importance in the eyes of tenants and investors alike. This is why conscientious developers, such as ATENOR, are putting both environmental issues and those related to employee comfort and well-being at the top of their business agenda,” commented Ilona Danelczyk, Director, Office Agency, from international advisory company JLL, which is the exclusive agent responsible for the commercialisation of the Lakeside project.
CONSTRUCTION OF .KTW II OFFICE COMPLEX IN KATOWICE COMPLETED
.KTW II office building in Katowice has obtained an occupancy permit. Preparations are currently underway to start fit-out work in the lease area. The flagship investment of TDJ Estate, consisting of two buildings located next to the Spodek in Katowice, will soon be finalised.
The 133-meter-high office building is today the tallest office building in the city.
“We are proud that Gleeds was able to draw on their experience in the office sector and participate in the implementation of this prestigious project carried out in compliance with the principles of sustainable construction,” comments Adam Horak, Gleeds Polska, Head of Katowice Office, Associate Director.
The office building has also received the BREEAM Interim Design Stage certificate at the Excellent level. The score of 79.7 percent is one of the highest ones awarded in the Katowice office market.
“We are proud that owing to our bold decisions, uncompromising attitude and, above all, the determined approach of people working on this project, we have completed an investment that perfectly reflects the transformation of Katowice from an industrial centre into a city of modern business services,” says Bartłomiej Solik, Managing Partner at TDJ Estate.
The first tenant, PwC Service Delivery Center, will move into the building in early 2023 and will occupy nine floors.