Coffee with Craig Show – daily CRE news covering the CEE region – Monday, March 21 with Winston Norman Editor and Chief of EuropaProperty.com – Celebrating over 300 shows!!! Become a partner and reach over – 8,000 viewers weekly – 14,000 viewers on the Executive interviews.
ADVENTUM ACQUIRES SKY TOWER FOR OVER €84 MILLION
act BSWW legal & tax represented Adventum in the acquisition of Sky Tower complex in Wrocław, with a total area of over 171,000 sqm, from Sky Tower S.A., member of Develia Group.
“This is yet another property acquired by Adventum over the recent time, and we are more than glad to be able to assist the client at each subsequent stage of its growth. In October, we had the opportunity to advise Adventum on the acquisition of the Mercedes-Benz building in Warsaw,” said Marek Wojnar, managing Partner at act BSWW.
“Adventum is definitely growth-oriented, as can be seen from their recent acquisitions. Sky Tower boasts huge potential and perfectly fits into our client’s development strategy,” noted Marta Kosiedowska, Partner at act BSWW.
Adventum Group is a boutique investment fund management company focused on Central European real estate investment projects. The group has thus far completed projects with a total value of over €1.5 billion in the CEE region.
Sky Tower is one of Poland’s highest developments (212 meters and 50 floors). Apart from over 30,500 sqm of leasable office space, the project covers commercial space (25,000 sqm), luxury apartments, comprehensive leisure facilities, and a multi-level underground car park.
The seller and the financing banks were advised by Dentons.
BELTRAME GROUP ACQUIRES TÂRGOVIȘTE SPECIAL STEEL PLANT
Beltrame Group, one of the largest producers of steel bars and special steels in Europe, has completed the acquisition of the production assets of the Târgoviște Special Steel Plant for around €38.3 million. Beltrame Group aims to transform the plant into a European competitive special steel production unit. Over the next 4 years, about €100 million will be invested in modernising the machinery and approximately €40-50 million in providing working capital.
“The acquisition of COS Targoviste is an important step in the Beltrame Group’s expansion strategy in Romania and confirms our long-term commitment to the development of the local steel sector. COS Targoviste has a strong history in the steel industry, so we are honoured to have the opportunity to revitalise this steel giant. We expect to start production in the existing steelworks and the two rolling mills in early June, in order to supply the internal market with rebar and wire rod and stop the market’s dependence on imports, especially in the context of the conflict in Ukraine”, says Carlo Beltrame, Group Business Development at AFV Beltrame.
HB REAVIS POLAND APPOINTS NEW CEO
International workplace provider HB Reavis has announced Sebastian Proc as the new CEO of its Polish operations. Sebastian takes over from Marcin Klammer, who is leaving the business.
Sebastian joined the company at the launch of its Poland office. During his 13 years with the company, he has held a number of leadership roles, including his most recent position holding responsibility for land acquisition and project development.
DB SCHENKER ONCE AGAIN CHOOSES PANATTONI
Panattoni is once again developing a project for DB Schenker near Poznań. In April, the logistic operator will occupy over 20,000 sqm in Panattoni Park Poznań XII.
Poznań’s industrial real estate market is the strongest in Poland, both in terms of the take-up with 1,000,000 sqm leased at 2021, and in terms of supply – with almost half a million sqm of industrial space under development at the end of 2021. The business potential of the region attracts many companies.
“To date, Panattoni has delivered over one million sqm in and around Poznań. Our numerous investments in the region have made us a perfect match for companies wanting to develop their business on modern space in a good location,” says Katarzyna Kujawiak, Development Director from Panattoni.
The project for DB Schenker is to be BREEAM certified at the level of “Excellent”.
GLOBALWORTH SUPPORTS UKRAINE WAR HUMANITARIAN RELIEF EFFORTS
Globalworth is offering 12,000 sqm of its portfolio in Romania and Poland under the SPACE FOR UKRAINE motto.
The spaces will be used to accommodate refugees and provide them with related logistical support as well as depositing and sorting the donations. They will be operated by local authorities such as the City of Warsaw and the City of Bucharest and NGOs, such as the Red Cross Foundation and Geeks for Democracy.
In Romania, Globalworth is offering two office floors in the BOB office building in Bucharest which can host up to 700 refugees and a logistics space in Chitila Logistics Hub, where donations will be stored and sorted before reaching those in need. In Poland, the Warta Tower office building will host up to 500 refugees.
“The growing humanitarian crisis in Ukraine with millions of refugees crossing the Polish and Romanian borders is a real tragedy that requires meaningful actions that can make a positive difference. Providing shelter for refugees and storage for food and medical supplies is the first step in our humanitarian relief efforts, but as the needs of those affected change, we continue to look at different ways in which we can help. We hope that a peaceful resolution will be achieved the soonest possible,” said Dimitris Raptis, Globalworth Group CEO.
