Coffee with Craig Show – daily CRE news covering the CEE region, Monday, June 12, with Winston Norman, Editor and Chief of EuropaProperty.com.
CA Immo sells Belgrade asset to a local investor
CA Immo has successfully closed the sale of Belgrade Office Park to a domestic investor. The complex comprises 27,200 sqm of total lettable space. The building was 97 percent let as of April 30, 2023, with an annual gross rental income of around €4.4 million.
Keegan Viscius of CA Immo said: “With this sale, we are reducing our exposure to the non-core market of Belgrade and rotating our portfolio exposure to high-quality, modern office properties in our core markets.”
Uroš Grujić, Head of Investment Properties SEE at CBRE said: “This is an instrumental transaction for the Belgrade market taking into consideration the worldwide challenges related to interest rates and capital markets in general. Such a transaction proves that the interest for Southeastern Europe is still being active at competitive yield levels.”
Panattoni opens sixth building in K-flex complex
Panattoni has completed the sixth building in the K-FLEX production and storage centre in Uniejów. With the newly completed 33,000 sqm of warehouse space, the complex now comprises more than 100,000 sqm and serves as an excellent base for servicing customers in Europe, Asia, Africa and the US.
“The complex combines versatility with high standards as well as a wide range of sustainable solutions,” said Marek Foryński at Panattoni.
“We are planning to further develop with further projects that will create new jobs. We are planning to increase both our production and our warehousing space, which will allow us to increase our staff,” said Bartłomiej Gröbner, the managing director of K-FLEX Polska.
Visa plans first global technology and product hub in Poland
Digital payments company Visa plans to open a global retail and product facility in Poland, which will be the first project of its kind in Central and Eastern Europe. The investment aims to support a 24/7 innovation development model and further drive the rapid growth of digital commerce and payments. The Polish Investment and Trade Agency supported the company throughout its investment process.
“Visa’s decision to locate a technology centre in Poland confirms how valued Polish programmers are on the global IT scene,” said Paweł Kurtasz, Chairman of the Polish Investment and Trade Agency’s Management Board.
This investment will be Visa’s fifth global technological-product hub. By 2025, the Hub will employ 1,500 technology specialists.
“As a company with operations in more than 200 countries and territories, we attach great importance to investing in local talent and creating regional technology hubs, as this allows us to serve our global network of clients better and better,” added Charlotte Hogg, Visa’s CEO in Europe.
Glovo leases 2,000 sqm in the Q22 building
The JLL has supported Glovo, the fastest-growing delivery platform in Poland, in acquiring a full floor, 2,000 sqm, in the Q22 office building in the centre of Warsaw. The office was tailored by Tetris to reflect Glovo’s culture.
“We sought to create a space where we can foster our company culture and support the spirit of diversity and inclusion. The new hub comprises a wide range of meeting spaces to facilitate collaboration and team building,” says Paulina Figiel, Senior Office Manager at Glovo Polska.