Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, April 13, with Winston Norman, Editor and Chief of EuropaProperty.com.
LIXA E construction nears completion
Construction of the final stage of the LIXA office campus in Warsaw is entering its final phase. The LIXA D and E office buildings, under development as part of Yareal Polska’s flagship investment, will offer a total of more than 28,000 sqm of leasable space and should be ready to welcome tenants in Q1 of 2024.
“In choosing FineTech Construction as the general contractor for the final stage of our investment, we have relied on a proven partner,” said Jacek Zengteler, President of the Management Board at Yareal Polska.
“The project is being implemented extremely smoothly, and construction progress is visible week by week,” commented Włodzimierz Bogiel, Chairman of the Board at FineTech Construction.
Once the last two office buildings are delivered, LIXA will form a complex of five buildings with a total area of 77,000 sqm.
Marynarska Point 1 goes greener
Marynarska Point 1 has gone through a period of major changes making it a more sustainable and functional office building. The owner of the building is an investment fund managed by the Adventum Group, while real estate advisory firm Savills is the property manager and sole leasing agent for office space.
“Our ESG strategy focuses on bringing the properties in our portfolio closer to net zero emissions, which is why we opted for energy-efficient solutions throughout the building to make it even more sustainable and functional for tenants,” says Jakub Denus, Leasing Manager, Adventum Group.
“Marynarska Point 1 currently has ready-to-occupy modern and green office space that can serve as ideal headquarters for any company or institution seeking independence provided by a self-contained building,” says Lidia Malec, Associate Director of Landlord Representation, Savills.
BNP Paribas to finance expansion of MLP Czeladź
MLP Group has signed a finance agreement with BNP Paribas Bank Polska, the Bank has committed over EUR 19.7 million. The facility will be used to finance and partially refinance the MLP Czeladź project with a target leasable area of approximately 68,000 sqm.
A logistics park with a target development potential of more than 68,300 sqm of modern space, of which 38,000 sqm have already been delivered for occupancy. The current tenant mix includes SPAR, DS Smith and Italinox. Now the plan is to start the construction of more warehouse units.
“We are very pleased to have completed another significant financing deal with BNP Paribas,” said Monika Dobosz, CFO at MLP Group S.A. “We value our long-term relationship and are satisfied with the company’s efforts in integrating sustainability into its business,” said Marek Kowalski, Head of the Structured Finance and Real Estate Department at BNP Paribas.
Regesta expands and leases 33,000 sqm in Silesia
REGESTA, a specialist provider of logistics services, has leased 33,000 sqm in one of the two warehouses of Panattoni Park Ruda Śląska V. The tenant was advised on the choice of the location and during lease negotiations by real estate advisory firm Newmark Polska.
“The warehouse in Panattoni Park Ruda Śląska V will play a strategic role and will significantly strengthen our leading position in contract logistics,” says Marcin Szostak, Logistics Director, REGESTA S.A.
“We are confident that the projects we have successfully completed together will pave the way for further cooperation – also in other regions,” says Marek Dobrzycki, Managing Director, Panattoni.
“The space which REGESTA S.A. needed was not available on the market, so we decided to conduct a tender among developers to deliver a BTS warehouse in the first quarter of 2024,” says Jakub Kurek, Head of Industrial and Warehouse, Newmark Polska.