Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, March 30, with Winston Norman, Editor and Chief of EuropaProperty.com.
Panattoni is starting the construction of Panattoni Park Lublin IV
Panattoni is driving the development of emerging markets. In the Lublin region, the developer has purchased more than 10 ha within the Economic Activity Zone in Świdnik and has started construction of Panattoni Park Lublin IV. The investment will occupy 53,900 within two buildings and will be delivered later this year. The complex already has 3 tenants, including high-tech manufacturing companies.
“The Lubelskie Voivodeship is developing dynamically, becoming a driving force for the whole of Eastern Poland,” says Dorota Jagodzińska-Sasson, Managing Director at Panattoni.
CTP enters the Polish region of Pomerania
CTP is entering the Pomeranian regional warehouse market in northern Poland where construction begins at CTPark Gdańsk Port. The Park is set to be the first investment in that region in the company’s portfolio with an overall cost of €72 million, including land acquisition, and a yield on cost of around 10 percent, and will offer tenants two buildings with a total area of almost 119,000 sqm. The first phase of the project is scheduled for completion in the fourth quarter of this year.
CTP is building the new industrial and logistics park within the Pomeranian Investment Centre and near the only deep-water terminal in the Baltic Sea region – the Baltic Hub (DCT) – which directly receives shipping trade from the Far East. The location allows easy access for companies conducting cross-border business with the Scandinavian and Baltic countries.
Bogi Gabrovic, CFO at CTP Poland said: “Poland is one of CTP’s key markets in the development of our Group portfolio.” Work on the investment will begin this quarter. This is the company’s first project in Poland without a local general contractor, CTP Group will be responsible for the construction of the complex.
Santander provides funding for 1st stage of Neo Natolin
Real Management S.A. has received funding of PLN 125 million for the construction of its residential project Neo Natolin, which is being developed in Warsaw’s Wilanów district, at ul. Stefana Korbońskiego.
“We are truly pleased that Santander Bank Polska S.A. appreciates our long cooperation, our experience in the industry, and the unique strengths of the Neo Natolin project,” said Marcin Malka, CEO of Real Management S.A. “The 1st stage of the estate will be ready to welcome its first residents as early as Q3 2024.”
Sustainable Norblin Factory
Norblin Factory has received the final BREEAM certificates for both its office and retail sections. The retail section of the Capital Park Group’s flagship investment has now received the final rating as Very Good, a great success considering the challenge of implementing green solutions in old post-factory buildings. The office section of the complex has received the final certificate as Excellent, moving up a notch.
“ESG remains at the top of our agenda. We set up a sustainability team in the company in 2022 and review the initiatives undertaken in all three areas: environmental, social, and governance, in detail and on an ongoing basis, as well as assessing the ESG standards adopted by our investors,” says Kinga Nowakowska, Management Board Member and Chief Operating Officer of Capital Park Group.