Coffee with Craig Show – daily CRE news covering the CEE region, Friday, March 16, with Winston Norman, Editor and Chief of EuropaProperty.com.
MMG’s retail portfolio almost at 99 percent occupancy
Master Management Group entered 2023 with lease levels reaching almost 99 percent of the entire portfolio of retail facilities in Poland. The centres were visited by over 12 million customers in 2022.
“Last year, we focused our attention on strengthening the quality of the portfolio of brands present in the facilities managed by the Master Management Group. Consistent work on the development of the offer resulted in a steadily growing number of customers and increasing turnover,” says Paul Kuśmierz, CEO of Master Management Group.
“Large network brands trust us in business terms, which is clearly shown by the experience of the past year, with contracts with Douglas, Ochnik, Half Price, the LPP group and KFC,” says Anna Polak, Head of Leasing at Master Management Group.
Speculative construction starts at Panattoni Park Wrocław Logistics South Hub
Panattoni is extending Panattoni Park Wrocław Logistics South Hub, in Lower Silesia. The first stage comprising 120,000 sqm of speculative space has been fully commercialised during its construction.
In response to the huge interest in the location, Panattoni is to launch the next stage of the development located in Magnice. The developer is to start the construction of 90,000 sqm of speculative space to be delivered in October this year.
“Our development in Magnice has all the benefits offered by Lower Silesia – an area with the potential to serve most European,” says Damian Kowalczyk, the Development Director at Panattoni.
TitanX expands at CTPark Opole with nearly 27,000 sqm
Titanx Engine Cooling, a supplier of cooling systems for commercial vehicle manufacturers, is ramping up its production and distribution capacity at CTPark Opole in the Silesian region of southwest Poland by leasing an additional 27,000 sqm of space. The new capacity will help meet strong demand from customers in its key German, Polish and Czech markets.
Bogi Gabrovic, CFO at CTP Poland said: “The ongoing expansion of CTP’s Polish portfolio reflects the sustained demand for high-quality industrial and logistics space within the region. TitanX is a prime example of our business partners taking full advantage of CTP’s expansion opportunities, underpinning their confidence in our ability to support their continued and long-term growth.”
One United Properties gets loan for residential project in Bucharest
Romanian developer One United Properties has obtained a loan of €20 million from Banca Transilvania for the completion of the One Cotroceni Park residential development in Bucharest.
The project will be completed this year, with over 90 percent of apartments already pre-contracted. The 868 apartments will be integrated into the mixed-use scheme One Cotroceni Park which also includes office and commercial components.
The residential units at One Cotroceni Park have already received the Green Homes precertification from the Romania Green Building Council.