Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, July 05, with Winston Norman, Editor and Chief of EuropaProperty.com.
Nepi Rockcastle enhances its green financing framework further strengthening its sustainability commitment
NEPI Rockcastle has updated its Green Financing Framework (“GFF”) with the introduction of more stringent eligibility criteria for financing or refinancing the assets or expenditures defined as “Eligible Green Projects” further strengthening the Group’s commitment to sustainability.
NEPI Rockcastle has issued €1 billion in green bonds since publishing its first GFF in 2020. The introduction of a more rigorous GFF ensures that the Group will continue to align with international standards for sustainable finance.
Eliza Predoiu, Chief Financial Officer, NEPI Rockcastle, said: “Sustainability is ingrained within our business strategy and the updated Green Financing Framework reinforces our commitment to building a greener future.”
Santander bank finances Panattoni Park Poznań East II
Panattoni has started construction of Panattoni Park Poznań East II with an area of about 35,000 sqm. The project will be financed by Santander Bank. Within the planned facility Geodis, a leader in transportation and logistics, has already leased space and will commence operations in October of this year.
“The excellent location of Poznań, halfway between two key economic centres in Europe – Warsaw and Berlin – attracts dozens of industries, including e-commerce and logistics,” says Karina Trojańska, Chief Financing & Operating Officer at Panattoni.
The investment will be equipped with numerous ecological, biodiversity, and well-being solutions. Another strong advantage of the park is its location, providing easy access to the most important areas in Poland. Furthermore, it serves as an excellent distribution point towards Western Europe and Scandinavia.
Fortress begins development of logistics park in Zabrze
Fortress Real Estate Investments has commenced with the development of Fortress Logistics Park Zabrze with a target GLA of 77,500 sqm. The company has secured its first tenant, LIT Logistyka Polska, which has leased 11,600 sqm. Fortress Logistics Park Zabrze will be the first investment in Europe in which the company has been both investor and developer since the beginning of the investment process.
The project’s first phase involves the construction of an approximately 23,000 sqm facility, which is scheduled for completion in the second quarter of 2024.
Pawel Żaboklicki, CEO of LIT Logistyka Polska, commented: “We were looking for warehousing space that would give us convenient access to the Upper Silesian market, which is key to our business due to the presence of the automotive sector”.
Aleksander Kobyliński, Senior Leasing & Asset Manager at Fortress Real Estate Investment, said: “We plan further development in the European logistics market, which provides ample growth opportunities.”
Garbe Green Park Piešťany is fully let
GARBE Industrial Real Estate has signed a lease agreement for 18,000 sqm with GPV, one of Europe’s largest and global electronics manufacturing services partners. GPV will occupy the entire building.
GARBE Green Park Piešťany comprises two buildings with a total of 28,000 sqm. Martin Stratov, Business Development Director GARBE for the Czech Republic and Slovakia commented: “From the beginning, implementing sustainable solutions has received very positive feedback and high customer demand.”
“Our long-term business strategy includes a strong focus on our values, such as sustainability and a modern and pleasant working environment for our people,” said Martin Kjærbo, EVP Operations GPV, “The entire park is quite enjoyable thanks to its green surroundings, and this is where we want to be,” he added.
CBRE negotiated the transaction. Andrej Jančovič, Associate Director CBRE, commented: “GARBE Green Park Piešťany is a unique combination of good location and high-quality industrial space.”
