Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, July 26, with Winston Norman, Editor and Chief of EuropaProperty.com.
CBRE Investment Management expands pan-European logistics fund
CBRE Investment Management has secured a new finance facility for its Pan-European Logistics strategy. The Facility will be provided by a syndicate of three banks consisting of ABN AMRO Bank, Crédit Agricole CIB and ING Bank.
The initial €275 million loan includes an accordion of up to €500 million. The new facility is structured to become Sustainability Linked and will be used to refinance maturing debt and finance new acquisitions.
Tom Berens, Senior Director, Treasury Debt & Financing Team at CBRE Investment Management said: “Despite this capital-constrained market, we are still able to raise a significant debt quantum and we look forward to harnessing the opportunities this new facility will allow us to capitalise on.”
Panattoni gets €80 million loan from Bank Pekao
Panattoni has secured financing for its first project in Bytom with Bank Pekao lending the company €80 million for the construction of Panattoni Park Bytom. The 130,000 sqm development is to be environmentally certified under BREEAM certification
“Panattoni Park Bytom is a huge project that will comprise 130,000 sqm in what is for us a new location where we see huge potential,” says Karina Trojańska, the Chief Financial Officer at Panattoni.
Construction starts on P3 Poznan Park extension
P3 Logistic Parks has commenced the development of another speculative warehouse with an area of 28,292 sqm at P3 Poznan. When expansion work is complete, P3 Poznan will cover a total area of 415,000 sqm, making it one of the largest logistics parks in Poland.
The general contractor of the facility is the Bremer company. Customers who currently lease space at P3 Poznan include Westwing, PF Logo Express, CEVA Logistics, British American Tobacco, GXO, and Colian Logistic.
Bartłomiej Hofman, Managing Director, P3 Poland, said: “The extension of P3 Poznan is our response to demand for modern warehouse space, which is constantly growing in this region”.
CTP appoints Peter Cerešník as group COO
CTP has appointed Peter Čerešník as Chief Operating Officer. His key role at CTP will cover overall growth, realising the company’s construction and occupancy targets, and developing CTP’s energy business. Remon Vos, CTP CEO said: “Peter Čerešník brings an in-depth understanding of corporate development strategies and innovation, having served at the most senior leadership levels in all aspects of business growth at top multinationals across Slovakia and other CEE markets.”
Designer Outlet Croatia marks 5 years of operations, announces plans for expansion
Designer Outlet Croatia has marked its 5th anniversary amid plans for further development with an upcoming centre extension and a new INGKA retail park. The outlet is the result of a collaboration between INGKA centers, Mutschler Outlet Holding and ROS Retail Outlet Shopping.
“In the last 3 years we have recorded double-digit growth in all indicators, and by bringing in new brands, we are pushing Designer Outlet Croatia as a premium shopping destination,” comments Nikola Grđan, Centre Manager at Designer Outlet Croatia.