Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, March 22, with Winston Norman, Editor and Chief of EuropaProperty.com.
Echo and AFI present their latest project on Warsaw’s Towarowa Street
Joint venture partners Echo Investment and AFI Europe unveiled plans for the Towarowa project in Warsaw. A modern, friendly and comfortable city area with exceptional public space will transform the area into a mixed-use district that follows current urban trends and the investors’ vision of a sustainable city.
“We want the Towarowa 22 project to be a model modern city district built with the current needs of residents in mind and a project that shows respect for its past and concern for its future,” says Maciej Rydz, a partner at Jems Architekci.
“Towarowa 22 is to be our flagship ‘destination’ project, a large placemaking project that meets the needs of Warsaw and will move the heart of the city over to Wola,” says Nicklas Lindberg, CEO of Echo Investment.
“We always ensure that our developments improve their cities, that they support their growth and bring out their beauty, utility and heritage,” says Michał Stępień, Deputy CEO of AFI Europe Poland.
New Resi4rent investment ready for tenants in Warsaw
Resi4Rent is dynamically expanding its PRS portfolio. The company has completed another building in Warsaw. The new investment is a continuation of the Resi4Rent Warsaw Woronicza project, which has been very well received by customers. It is a 5-story building with 344 subscription apartments.
“Our portfolio of subscription apartments in Warsaw is expanding, and thus we already have more than 1,500 apartments in the capital alone,” says Slawomir Imianowski, President of Resi4Rent.
The Resi4Rent Warsaw Woronicza investment consists of 2 buildings, which together offer more than 500 subscription apartments and is in line with the 15-minute city concept.
Resi4Rent currently has more than 3,300 subscription apartments. By 2025, the company aims to increase its offering to at least 10,000 subscription apartments.
DPD Polska the first tenant for redeveloped City Point Targówek
Peakside Capital has signed a lease with DPD Polska, a leading courier service provider, for 7,000 sqm of cross-dock space at City Point Targówek. The complex, which will offer last-mile logistics space, is now undergoing a major redevelopment. DPD Polska is expected to move into the redeveloped facility by the end of this year.
Philippe Dewevre, Member of Management, Private Real Estate, Partners Group, says: “This lease with a major blue-chip logistics company is an important first milestone for City Point Targówek.”
Roman Skowroński, Managing Director of Peakside Capital Advisors in Poland, comments: “Once upgraded, City Point Targówek will not only be the largest but also the most modern urban logistics park in Warsaw.”
Once all the buildings are redeveloped, the complex will offer close to 100,000 sqm of state-of-the-art industrial space that is also set to secure BREEAM Excellent, LEED Gold and WELL certifications.
Rohlig Suus Logistics to stay longer in Prologis Park Piotrków
Rohlig Suus Logistics has extended its lease agreement for 24,000 sqm at Prologis Park Piotrków. The lease extension was finalized with the support of AXI Immo agency.
“Our shared focus on the future, and on keeping ahead of the curve in our respective industries, has bound us together in effective partnership for many years,” says Piotr Lenczewski, Leasing & Customer Experience Manager at Prologis.
“We decided to stay with Prologis due to the high quality of facility management and the location of the warehouse in the centre of Poland,” said Sylwester Wzorek, Senior Facility Manager at Rohlig Suus Logistics.