Coffee with Craig Show – daily CRE news covering the CEE region, Friday, July 07, with Winston Norman, Editor and Chief of EuropaProperty.com.
Panattoni secures food wholesaler tenant near Budapest
Panattoni has signed a new lease contract in Panattoni City Dock Törökbálint, near Budapest. At the end of the summer, Bidfood Hungary will be located in building “A” of the newly opened 17,300 sqm logistics complex.
“Panattoni’s warehouse building is the ideal choice for our needs, not only because of its strategic location but also because of the storage services it offers,” said Jakub Smid, Executive Director of Bidfood Hungary.
“We are confident that our flexible approach and the high quality of the Törökbálint facility will contribute to tenant satisfaction,” added Mariann Tóth, Leasing Director of Panattoni Hungary.
CTP signs logistics deals totalling 31,750 sqm in Hungary
Developer CTP has signed three new deals totalling 31,750 sqm at CTPark Budapest West and CTPark Komárom, both located close to Hungary’s capital city Budapest.
CTP has signed new leases with Teqball and Quehenberger at CTPark Budapest West. Teqball is a Hungarian-based company that manufactures tables for Teqball, a new football-based sport played on a curved table that is quickly growing in popularity. The company is prioritising ‘nearshoring’ and will use the space to enhance its production capacity close to its Western European distribution markets. International logistics provider Quehenberger is also expanding at CTPark Budapest West, moving into a new 11,000 sqm unit.
CTP has also signed a new deal at CTPark Komárom with FSK L&S Hungary, a logistics company that is part of the global battery company SK Group headquartered in South Korea. The logistics company has taken 12,500 sqm of space.
Ferenc Gondi, Managing Director Hungary of CTP said: “The decision these three businesses have taken to expand with CTP not only demonstrates the quality of our parks but also the multitude of trends that are driving demand for logistics space in the CEE.”
Construction of the residential project Astrid Garden progressing smoothly
UBM Development Czechia has completed the rough construction of the Astrid Garden residential project in Prague 7, where 138 apartments and two commercial units are being built. Construction of Astrid Garden is scheduled for completion in the second half of 2024. The sale of the project, designed by the architectural studio Bogle Architects, is being handled exclusively by the real estate agency Lexxus Norton.
The Astrid Garden residential complex in Prague 7, comprises seven new residential buildings and one original building undergoing renovation.
Alice Slámová, Marketing and Sales Director of UBM Development Czechia added: “In terms of sales, there is a lot of interest in energy-efficient apartments in the lucrative district of Prague’s Holešovice. Currently, almost a quarter of the apartments are sold out and we are registering demand for small units.”
