Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, September 5, with Winston Norman, Editor and Chief of EuropaProperty.com.
Panattoni gets €54 million loan from BNP Paribas
Panattoni has received financing from BNP Paribas Bank Polska for a large industrial park in Bydgoszcz. The €54 million loan is for the developer to finance Panattoni Park Bydgoszcz IV – a 110,000 sqm complex of three buildings that were handed over in July this year and is now 90 percent leased.
“The €54 million loan demonstrates the huge confidence that BNP Paribas Polska has in our development”, comments Karina Trojańska, the Chief Financing and Operating Officer for Poland at Panattoni.
P3 acquires land for third logistics park near Poznan
P3 Logistic Parks has acquired a 30-ha plot of land in Dachowa near Poznań. The site will become the new P3 Poznań III Park. The newly acquired site is strategically located to the south of Poznań, near the A2 motorway which provides good connections to Warsaw and Berlin, as well as convenient access to other major transportation networks, logistics hubs and key markets.
Bartłomiej Hofman, Managing Director, P3 Logistic Parks in Poland, said: “Being a strategic investment, this acquisition will allow for the extension of our portfolio in the area and offer our customers even more suitable logistics solutions.”
First half year in Romania sees more than 500,000 sqm of industrial & logistics space leased
Nearly 550,000 sqm of logistics and industrial space was leased in the first half of the year in Romania reports Cushman & Wakefield Echinox. Over one-third of this volume was related to pre-lease agreements, mainly in projects set to be delivered in 2024. However, there has been a slowdown in the development pace, as the leading developers in the market adopted a more cautious approach in the current macroeconomic context. This approach will put pressure on rental levels in the coming months, adds the agency.
Rodica Târcavu, Partner Industrial Agency at Cushman & Wakefield Echinox, says. “Romania is a dynamic and attractive hub for many companies, both existing ones and those aiming to expand in the region in order to streamline their logistic operations. In this context, we are optimistic about the market’s evolution going forward, both in terms of supply and demand.”
Savills appoints CEO for CEE
Savills has appointed a CEO of Central and Eastern Europe. Current Managing Director of the Czech Republic & Slovakia, Stuart Jordan, will take on the role having successfully developed Savills Czech business since 2017, including its recent expansion of operations into Slovakia.
Stuart Jordan will lead Savills wholly owned offices in the Czech Republic and Poland, as well as coordinating cross-border activity with Savills associate offices in Austria, Hungary, Romania, and Serbia.
James Sparrow, CEO of UK and EMEA at Savills, says: “Savills Central and Eastern Europe will operate as one region, reflecting the way in which our clients operate, to allow us to ensure a seamless service within CEE.”