Coffee with Craig Show – daily CRE news covering the CEE region – Tuesday, March 29 with Winston Norman, Editor and Chief of EuropaProperty.com – Celebrating over 300 shows!!!
CAPITAL PARK SUMMARIZES 2021 AND PRESENTS ITS FIRST SUSTAINABILITY REPORT
2021 was a breakthrough for the Capital Park Group. The company completed the revitalisation of its flagship investment project, the Norblin Factory in Warsaw’s Wola district. The Capital Park Group generated a consolidated net profit of PLN 245.6 million. The Group decided to publish its first sustainable development report.
In 2021, the Capital Park Group continued its investment activities. It sold two properties: Eurocentrum Hotel and Residences, a residential and hotel project located in the vicinity of the Eurocentrum Office Complex; and a complex of retail and service units in Warsaw. The transactions generated total gross revenue of PLN 121.8 million and the prices paid in both cases exceeded the book value of the investments. The Royal Wilanów project, fully stabilised and 100 percent leased, is ready for sale.
“We are planning new unique projects with an urban edge, which we have been developing intensively in the past year. Polski Hak in Gdańsk is one of the most prestigious locations in the heart of the Tri-City, situated on a promontory in the picturesque surroundings of the mouth of the Motława River which flows into the Martwa Wisła. There are also investments in the pipeline in Warsaw, Szczecin and Kołobrzeg, all with a predominantly residential function,” said Marcin Juszczyk, Member of the Management Board, CIO / CFO at Capital Park Group.
Capital Park presents for the first time its Sustainability Report which introduces a measurable summary of the Group’s ESG (Environmental, Social, Governance) activities to a broad range of stakeholders.
“Since the inception of the Group, environmental, social and governance factors have been important in our activity with an impact on the strategy pursued. In order to meet the expectations of our stakeholders, we have created a report summarising our sustainable development actions,” said Kinga Nowakowska, Member of the Management Board, Chief Operating Officer responsible for ESG in the Capital Park Group.
MÖBELIX LEASED THE LAST UNIT IN PROLOGIS PARK BRNO, THE PARK IS NOW FULLY LEASED
The 6,000 sqm premises will be used for their Möbelix e-shop warehouse. It was the last available unit in the park which is now fully leased. The transaction was assisted by Cushman & Wakefield.
“Sales through our online channels are now an integral part of our strategy, therefore this location is strategic, being placed between the Czech Republic and Slovakia,” said Jiří Šulc, jednatel XLCZ Nábytek.
“Möbelix’s modern space is the third development at Prologis Park Brno. We’re thrilled to see this park fully occupied, providing customers with an opportunity close to the Moravian capital,” said Kateřina Březinová, Leasing & Customer Experience Manager, Prologis.
“With the current very low vacancy of logistic properties which is only 1.6 per cent in the Czech Republic and as little as 0.6 per cent in Brno, I am pleased to have succeeded in securing storage premises for Möbelix in the required size and timeframe in a project of such high quality,” said Vít Zdráhal, Partner, Head of Landlord and Tenant Representation in the industrial team at Cushman & Wakefield, who assisted in the transaction.
CBRE SEE LAUNCHES OFFICE IN SLOVENIA
CBRE South-Eastern Europe (CBRE SEE), a direct subsidiary of CBRE Group, announced the establishment of a new local office in Ljubljana, Slovenia.
On the occasion of the opening of the new office Boško Tomašević, Managing Director, CBRE SEE, said: “The continuation of the expansion is a clear indicator of the progress of our company, but also of the development of the real estate market in the region. I am especially pleased that the opening of the office in Ljubljana comes less than a year after our expansion in Croatia.”
Ivana Maksimović, Head of Property Management and Retail, CBRE SEE, emphasised: “In this way, we will strengthen the cooperation with existing clients and provide a solid platform for further growth in the Slovenian market.”