Coffee with Craig Show – daily CRE news covering the CEE region in PANATTONI CAFE with Craig Smith, Publisher and Founder of EuropaProperty.com and Winston Norman, Editor and Chief of EuropaProperty.com.
Diófa acquires Indotek Belgrade office portfolio
CBRE South Eastern Europe has advised Diófa Fund Management on acquiring Indotek’s Belgrade office portfolio.
CBRE acted as the real estate advisor in the transaction of the portfolio that comprises more than 122,000 sqm including 11 premium office buildings in 5 business parks in Belgrade’s central business district: Green Heart, FortyOne, Belgrade Business Center, 19 Avenue and House office building.
Uroš Grujić, Head of Investment Properties SEE, CBRE, said: “This is the largest single transaction not only in Serbia, but in the region of Southeast Europe, and the second time we’ve advised on this impressive office portfolio. Once again, the market is proving to be both attractive and liquid, providing further confidence for growth.”
Yareal obtains financing for additional Lixa office buildings
Yareal Polska and BNP Paribas Bank Polska have successfully concluded credit agreements totalling €63.8 million, enabling the development of the LIXA office project. The funds will be predominantly allocated to finance the subsequent two phases of the LIXA campus office complex, which is under development in the business hub of Warsaw’s Wola district. Additionally, the funding will provide Yareal with extra capital for acquiring new land and initiating more investment projects.
“The signing of these additional financing agreements symbolizes the enduring trust and deepening relationship between Yareal and BNP Paribas,” remarked Marek Kowalski, Head of Structured & Real Estate Finance Poland at BNP Paribas Bank Polska.
“We are also united in our commitment to sustainable development and adherence to ESG standards. In LIXA, this is reflected in our use of eco-friendly technologies and the creation of flexible, comfortable office spaces, alongside green areas and a range of services that enable tenants to efficiently manage day-to-day tasks,” adds Marek Esz, Deputy CFO of Yareal Polska.
Panattoni secures financing to develop factory for Maxcess
Panattoni has recently launched construction work on the main European production plant for Maxcess in Łubowo and has now been awarded bank financing of around €10 million from Santander for this development.
“We wish to thank Santander for their trust and support for this innovative project since the new production plant will not just be limited to manufacturing products but will also be used for research and development as well as creating new products and services for Maxcess”, commented Karina Trojańska, Chief Financing & Operating Officer at Panattoni
Panattoni is developing a building of around 13,000 sqm that can be extended in the future. The new centre is also aligned with the company’s efforts to make its operations more environmentally friendly. Among other things, Panattoni is to prepare the development for the installation of solar panels and is also to create green areas on the factory grounds. The developer intends to submit the development to be certified under BREEAM for a rating of Excellent.
BIG Group to develop retail park in Olkusz
A new retail park will be built in the region of Olkusz in Poland. The project will be implemented as part of a joint venture between BOIG and the BIG Group.
“Olkusz is a region inhabited by nearly 50,000 people and its commercial potential has not yet been fully exploited. Our goal is to create a facility with a comprehensive commercial offer, which will be created by stores of well-known brands from various industries, allowing you to do shopping quickly and conveniently,” said Wojciech Cieślak, president of BOIG.
“The facility in Olkusz will be our next investment in Poland – a market where we are just beginning our expansion. We highly value the potential of this location and we hope that the joint venture with BOIG will become an attractive, desirable space for representatives of retail chains and will bring many benefits to the residents,” said Eran Levy, CEO of BiG in Poland.
The BOIG group is responsible for the commercialization and implementation of the facility. The retail facility is to be ready in 2025.