Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, September 27, with Winston Norman, Editor and Chief of EuropaProperty.com.
Vastint launches its first PRS project in Poland
Vastint Poland is launching its first project in the Private Rented Sector (PRS), the Pastelowo estate in Poznan. The development will include seven buildings, with a total of 255 units ranging in size from 33 to 100 sqm. The project will be ready in early 2025.
“Vastint plans to deliver nearly 4,000 apartments in Warsaw, Wroclaw, the Tri-City and Poznan over the next five years,” says Roger Andersson, Managing Director of Vastint Poland.
UBM finishes rough construction of wooden houses in Prague
UBM Development Czechia has completed the rough construction of the Timber Prague project of wooden apartment buildings, which are being built as part of the Arcus City residential complex in Prague. To date, a quarter of the apartments have been sold. The project is being built to BREEAM Excellent standard.
Tomáš Krejčí, Director of the Design Department at UBM Development Czechia, said: “The entire above-ground part of the Timber Praha apartment buildings is made of spruce wood.”
Kaufland opens largest timber store in Slovakia
Kaufland intends to significantly reduce CO2 emissions in the future through the construction of new timber stores. In Bratislava, the company has opened its first timber store.
The Kaufland store consists of three-quarters of wood, which required 335 cubic meters less concrete for construction. This means that the property saves 514 tonnes of CO2 compared with conventional concrete construction.
“By using timber construction, we have significantly reduced energy and CO2 consumption in the store’s construction. As timber is a carbon-neutral and renewable building material, it stores CO2 emissions well, has a comparatively low dead load and can be reused,” explained Michael Hiese, Head of Corporate Center International.
Accolade invests in Upper Silesia with a new industrial park
Accolade is expanding its portfolio with a new facility in Upper Silesia, one of the most attractive areas of Poland in terms of industrial and warehouse spaces. The warehouse park in Ruda Śląska will have a total area of 67,000 sqm, nearly half of which is already leased to a single tenant. The investment is valued at €55 million.
“Upper Silesia is an incredibly attractive market that has held a strong position in the warehouse sector since the early days of its development in Poland. We especially value the enormous potential of this location, its infrastructure, and its rich human capital,” said Jarek Wnuk, managing director of Accolade in Poland.