Coffee with Craig Show – daily CRE news covering the CEE region, Friday, March 31, with Winston Norman, Editor and Chief of EuropaProperty.com.
Corwin launches green office project in Ljubljana
Slovak developer Corwin has broken ground on Vilharia, a €100 million office complex next to Ljubljana’s central train station. Situated in a brownfield site between the train station, the five-storey building spanning nearly 40,000 sqm is slated for completion in 2025.
Vilharia aims to join ten carbon-neutral buildings in the world with the LEED ZERO certificate. “We want to provide upscale offices that combine innovative technology and efficient energy use,” Jan Jazbec, the Vilharia project manager at Corwin Slovenija, commented.
Immofinanz reports €142 million net profit for 2022
Immofinanz Group delivered a very good operating performance in 2022 despite the challenging environment. The group recorded a net profit of €142 million. Rental income increased by 5.4% to €300.2 million. The portfolio grew by 62% to €8.4 billion due to the full consolidation of S Immo and the acquisition of retail properties. Proceeds from successful property sales will be used to repay debt and be reinvested in real estate.
“The quality of our properties and steady rental income again proved to be stable pillars in a volatile environment,” explained Radka Doehring, Executive Chairwoman of Immofinanz.
CTP buys three industrial parks in Romania
CTP has purchased three industrial parks in three Romanian cities from FM Logistic, a French supply chain services company. The newly acquired parks in Bucharest, Pitești and Timișoara span over 100,000 sqm. Following the transaction, FM Logistic will continue as CTP’s tenant for the long term.
“We are kick-starting a strategic alliance with a highly professional and specialized logistics operator, FM Logistic, who have been present in the Romanian market for over 20 years,” said Ana Dumitrache, Managing Director of CTP Romania.
“In Romania and the core of our strategy will remain the delivery of high added-value services, ensuring business continuity as we transition to the new way of working,” said Alexander Pavlov, Country Managing Director of FM Logistic Romania.
Marriott International to deliver Four Points by Sheraton Budapest Danube hotel
In June, the city’s first Four Points by Sheraton Budapest Danube hotel is set to open in the heart of the 13th district. Accent Hotel Management will operate the hotel as part of a multifunctional real estate development including residential and commercial spaces.
“We are honoured that Accent Hotel Management has been chosen to operate the first Four Points by Sheraton hotel in the capital. The franchise granted by Marriott International, together with our professional operating background and extensive local knowledge, sets the hotel up for long-term success,” said Péter Kerek, Deputy Managing Director of Accent Hotel Management.
‘’We are delighted to welcome Four Points by Sheraton Budapest Danube to our mixed concept Duna Pearl. Duna Pearl is seen as the city’s new centre of attraction,’’ added Kaan Yücel, CEO of Polat Holding.
“Four Points by Sheraton Budapest Danube will offer our guests a timeless style and modern, panoramic rooms that satisfy all needs, while our rooftop bar will be an unrivalled meeting point on the Pest side of the Danube,” added Dávid Hegedűs, General Manager, Four Points by Sheraton Budapest Danube.
