Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, April 5, with Winston Norman, Editor and Chief of EuropaProperty.com.
Speedwell buys land near Bucharest
Speedwell has purchased a new land plot of 15,000 sqm near Bucharest, for its second light industrial project under the SpacePlus brand. In this location, the company will invest in a new industrial building that will have a total leasable area of around 8,000 sqm.
”The need for logistics spaces continues to be of high interest in the Romanian market, and this acquisition is a new step in the realization of our expansion strategy in the industrial-logistics segment,” said Didier Balcaen, CEO and Co-Founder of Speedwell.
Panattoni sells BTS facility in Tczew to LCN Capital Partners
Panattoni has sold a 30,000 sqm manufacturing and warehouse BTS facility near Gdańsk to LCN Capital Partners for over €26 million.
“The repeated cooperation is proof that tailor-made industrial facilities are extremely attractive assets, and interest in this segment is constantly growing,” says Marek Foryński, BTS Managing Director at Panattoni.
“The production and warehouse facility with an area of 10,000 sqm was purchased from the client on a sale & leaseback basis and expanded by 20,000 sqm,” says Ward Stocker from LCN Capital Partners.
Palmira buys warehouse in Western Poland
Palmira Capital Partners has acquired a logistics property near Poznań, Western Poland, for the “P-Logistik Europa Fonds”. The vendor is the AKRON Group.
The occupier of the property is Magna Automotive Poland. The company, which is part of the Canadian-Austrian automotive supplier Magna International Inc, holds a very long-term lease for the entire property.
Aleksandra Bis, Head of Asset Management at Palmira in Poland, comments: “The acquisition of this long-term leased logistics property is an ideal addition to our Polish portfolio. It is an excellent quality fit while ensuring a stable cash flow for our investors.”
M Core opens Świdnik M Park retail centre
With a €10 million investment, M Core has made another commitment to its portfolio in Poland through the announcement of the Świdnik M Park development. At 7,700 sqm, the retail park will be the largest development for M Core in Poland and the first created under the M Park brand, built by LCP Properties — one of the five property entities that sit under the M Core umbrella.
The centre has a tenant mix with retailers such as Pepco, Dealz, Action, Sinsay, Rossmann, Martes Sport, and large Portuguese food operator Biedronka.
Krystian Modrzejewski, Group Head of Expansion for M Core division LCP Properties, commented: “This €10 million development comes as part of M Core’s £1 billion investment target for the UK and Europe during 2023.”
Karimpol to start second phase of Skyliner in Warsaw
The Karimpol Group has received a building permit for the second phase of the Skyliner complex. The 130-metre-high office building will be built in Warsaw‘s Wola district next to the first phase of the Skyliner project. The second phase of the investment project, also designed by the APA Wojciechowski Architekci studio, is scheduled to start in the autumn of this year. The entire complex will offer 73,000 sqm of leasable space.
Warsaw‘s new Skyliner II office building will have 24,000 sqm of space on 28 floors. Most of the usable space (23,000 sqm) will be allocated to offices while retail and service units will amount to nearly 1,000 sqm.
“Skyliner II is a natural continuation of the first phase of our investment at Daszyńskiego Roundabout. It will be a modern sustainable project in line with the latest ESG trends,” said Andreas Prokes and Harald Jeschek, Managing Partners of the Karimpol Group.
