Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, November 9, with Winston Norman, Editor and Chief of EuropaProperty.com.
pbb provides €75 million loan for CEDET office building
Deutsche Pfandbriefbank has provided a €75 million investment loan facility to a Polish company managed by Macquarie Asset Management on behalf of institutional investors. The loan will be used for the refinancing of the CEDET office building in Warsaw.
Located in the Central Business District of Warsaw, CEDET is a unique restoration project that was originally built in 1952 and was formerly known as “Central Department Store”. The CEDET building has been fully refurbished to a “BREEAM Excellent” standard and combines retail functions and office space, with a total leasable area of over 23,800 sqm and is fully let.
P3 awarded BREEAM outstanding rating for P3 Warsaw II
P3 Logistic Parks has achieved the highest possible BREEAM certificate for P3 Warsaw II development. This is the first P3 investment in Poland awarded with the “Outstanding” rating and only the third and the fourth buildings of this kind in Poland with such a high certification.
Zbigniew Smyczyński, Senior Development Manager, P3 Logistic Parks in Poland, said: “We are committed to creating projects which not only meet the needs of our tenants but also protect the environment and promote sustainable development.”
Jakub Komala, Senior Project Manager, P3 Logistic Parks in Poland, said: “The BREEAM Outstanding rating is a positive verification of our demanding standards for sustainable development and our commitment to environmental protection.”
Bucharest sees high demand for private student housing
There is a high demand for private accommodation in Bucharest, offering students modern and flexible accommodation options, with the current supply covering less than half of the actual requirements, according to Colliers.
In Bucharest, university dormitory accommodation accounts for less than 40,000 places and it has potential for the development of built-to-rent projects. It could reach a volume of around 5,000 units in the next 2-3 years, says the agency.
Given the considerable number of students in the big university centres, there is an availability problem in student accommodation,” says Gabriel Blăniță at Colliers Romania.
Bratislava’s tallest skyscraper secures approval
Eurovea Tower, the first skyscraper in Bratislava, has received usage approval. Construction of Slovakia’s tallest building was led by J&T Real Estate and handover is expected in spring 2024.
“Combining mixed functions with attractive public spaces has made Eurovea one of Bratislava’s liveliest go-to destinations, and we aimed to build on that atmosphere. Our vision was to create a high-quality urban space in this fast-growing part of the city,” said Pavel Pelikán, JTRE’s executive director.