Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, May 4, with Winston Norman, Editor and Chief of EuropaProperty.com.
Panattoni gets €48 million for warehouse park near Lublin
Panattoni has been granted financing for Panattoni Park Lublin II with an area of around 84,000 sqm. The €48 million loan was granted by Bank Pekao SA. It will be the largest industrial park in Eastern Poland.
“The Lublin district is developing rapidly to become the driving force behind the whole of Eastern Poland,” says Karina Trojańska, Chief Financing & Operating Officer at Panattoni.
“Our ambition is for the projects we support to determine the strength of the region and the market not only when they open but also in 10- or 20-years’ time,” says Dieter Lobnig, Head of Investment Banking and Real Estate Financing Department at Bank Pekao.
Billa Bulgaria to invest €14 million in 12 new stores
Billa Bulgaria announced an investment of around €14 million to open 12 new stores in the country.
Crestyl plans to build 224 flats in Prague 6
Crestyl has unveiled its new residential project. The project will be built next to the vast Šárka Nature Park in Prague 6. The new residential area will include a total of 224 apartments.
Construction of the first phase, which will include 108 apartments, is scheduled to start next year. The total investment will exceed €170 million.
“We carefully discussed everything with Prague 6 and local associations so that our project would be a real asset to the area,” explained Crestyl’s director Simon Johnson.
WorkLounge takes over HubHub space at Na Příkopě 14 in Prague
Savills has negotiated for the WorkLounge network of serviced centres to take over the lease agreement from outgoing operator HubHub at Na Příkopě 14 in Prague. With a total area of over 3,700 sqm, it will be the largest centre in WorkLounge’s portfolio.
“Over the last twelve months, interest in coworking centres as well as serviced offices has increased,” says Lubomír Šilhavý, owner of the WorkLounge network.
Pavel Novák, Head of Office Agency at Savills, adds, “We are currently working on several significant inquiries from abroad, where foreign companies want to enter the Czech market and need somewhere to start and then grow.”
Savills is also the property manager of the building which is owned by CPI Property Group.