Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, October 31, with Winston Norman, Editor and Chief of EuropaProperty.com.
Student Depot opens new dormitory in Warsaw
A new privately owned student residence has been launched as part of the Student Depot chain. Offering a total of 540 rooms and located in Warsaw, the facility was constructed on a turnkey basis by Kajima Poland.
Kajima Poland acted as the general contractor, delivering the project within a 20-month timeline. “Student Depot represents another noteworthy addition to our expanding portfolio of residential projects. We’ve also successfully delivered commercial and office buildings in key cities, including Warsaw and Wrocław”’, said Maciej Runkiewicz, Kajima Poland CEO.
“Student Depot is experiencing rapid growth, and we’re currently designing new facilities and embarking on new developments across Poland,” said Piotr Stronka, CDO of Student Depot.
Futureal acquires Lipowy Office Park in Warsaw
Futureal has announced the acquisition of the Lipowy Office Park complex in Warsaw. In alignment with its strategy, the company plans to reposition the development by transforming it into a sustainable, human-centric, and modern office building. Linklaters has advised the seller on the transaction.
This acquisition underscores Futureal’s “Office Impact Strategy”—a commitment to retrofitting older office properties to align them with contemporary ESG market standards
“Our most recent acquisition fits into our investment strategy, focusing on value-added and opportunistic investments that, depending on the challenging market conditions, are expected to deliver high returns,” said Karol Pilniewicz, CEO of Futureal Investment Partners.
Mitiska REIM opens new retail park in Biała Podlaska
Mitiska REIM has announced the expansion of its joint venture partnership with Karuzela Holding with the opening of a new food-anchored retail park in the Polish city of Biała Podlaska.
The new development is 100 percent and let to tenants including Lidl, Reserved, Action, Kik, Tedi, Media Expert, Dealz, Pepco, New Yorker and Sinsay. In terms of sustainability, the new retail park is designed to achieve a “Very Good” score on the BREEAM scale.
Grzegorz Pękalski, Member of the Board of Karuzela Holding, comments: “For this new Karuzela retail development, we saw an opportunity to acquire an urban infill location, to develop a modern, sustainable and convenient retail destination for the city.”
Radosław Misko, Senior Investment Associate at Mitiska REIM, adds: “These urban infill locations are an opportunity that we look for in Poland, where we can become the most important modern convenience retail destination in the city.”
LCP Properties to install 80 car charging stations in M Parks
LCP Properties has completed the first phase of its ESG strategy aimed at making electric car charging stations widely available on its properties. Thanks to the signed agreement with Pure City, a total of 80 such devices will be installed directly at M Parks.
“Electric chargers are a very important topic for us and another step in the broad spectrum of pro-environmental initiatives we are implementing at our properties,” commented Magdalena Kowalewska, COO of LCP Properties in Poland.
“We are pleased to work with LCP Properties to create a new quality in customer service and develop good pro-environmental practices”, commented Wojciech Bienkowski, CEO of Pure City.