Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, June 1, with Winston Norman, Editor and Chief of EuropaProperty.com.
LeadCrest announces €20 million sale-leaseback acquisition of 3 retail warehouses in Poland
LeadCrest Capital Partners, a European fund 100 percent dedicated to sale-leaseback and build-to-suit investments, announced entering an exclusive long-term partnership with 3W, one of the largest DIY retailers in Poland, on a €20 million acquisition of an 18,200 sqm portfolio of three retail warehouses in Warsaw and Katowice.
Artur Paleczny, CFO of 3W, said: “We have ambitious growth plans and are delighted to be able to count on LeadCrest as a partner to help us reach our goals and extend our footprint.”
Georges Asmar, Portfolio Manager at LeadCrest Capital Partners, added: “Poland and the building materials / DIY sector are both key areas of investment for us, and we are delighted to have partnered with one of the best players in the country.”The
Czech industrial real estate market reaches 11 million sqm mark
During the first three months of 2023, the Czech industrial real estate market passed the 11 million sqm mark. The market grew by 10 percent year-on-year. During the first quarter, the biggest volume of new space was added in the Ústí nad Labem region (37 percent), the Karlovy Vary region (29 percent) and the Moravian-Silesian region (19 percent), according to Colliers’ regular quarterly survey.
“For the second consecutive quarter, we are seeing weaker realised demand. During the first quarter of this year, gross realised take-up totalled 344,500 sqm, down 52 percent year-on-year and 27 percent below the five-year average. Net take-up accounted for approximately 79 percent of all transactions,” calculates Josef Stanko, Senior Analyst at Colliers.
Scallier opens new retail park in Vaslui
The tenants of a new retail park in Vaslui, developed by the Polish company Scallier, opened the doors to customers. The new property with an area of over 10,000 sqm (GLA) is the fifth retail park developed by the company in Romania, which plans further investments in this country.
“Vaslui is a city located in Eastern Romania with a population of over 50,000. Romania is developing rapidly, and as consumers’ incomes increase, so do their purchasing requirements” says Wojciech Jurga, Managing Partner at Scallier responsible for the company’s development on the Romanian market.
Globalworth announces expanded partnership with Honeywell in BOC building
Globalworth announced the expansion and prolongation of Honeywell’s lease in the BOC building in Bucharest. This extension covers more than 24,000 sqm of gross leasable area (GLA),.
Catalin Dragoi, Head of Strategy and Business Development Central and Eastern Europe, Honeywell. Said “The expansion comes at an exciting point in our collaboration with Globalworth, as we are deploying our innovative cloud-based data analytics platform and other systems across the company’s commercial portfolio in Romania and Poland, to help manage energy consumption and maximize occupant comfort.