Coffee with Craig Show – daily CRE news covering the CEE region in PANATTONI CAFE with Publisher Craig Smith and Winston Norman, Editor and Chief of EuropaProperty.com.
Van der Vorm makes another PRS purchase in Warsaw
Van der Vorm Group, a Dutch investment fund, has completed the acquisition of 119 turnkey flats in Warsaw. This recent purchase in Warsaw is the fifth in a series of transactions between Hamilton May and Van der Vorm, and the third in Warsaw.
Margarethe van der Vorm (Director of International Investments), comments, “The Polish market offers unique opportunities for us to use our expertise and introduce an attractive residential concept for an ambitious target group. Our complexes are strategically located near the city centre, universities and important transport hubs. They are designed with comfort, sustainability and convenience in mind. The apartments are rented out fully furnished”.
René Voortmeijer (CCO), added: “The Polish market offers plenty of opportunities and we are determined to further expand our leading position in the commercial residential rental market.”
Trigea closes Prague shopping centre purchase
The Trigea real estate fund has officially completed the purchase of the Arkády Pankrác shopping centre in Prague. The price exceeded €241 million. It is the largest transaction carried out by domestic retail funds in the Czech Republic.
Arkády Pankrác was owned by the Israeli company G City through the company Atrium Pankrác, it bought the company in 2022. The Arkády Pankrác Centre was completed in 2008 and includes roughly 40,000 sqm of rentable space, of which is 96% leased.
“The fund has long sought to strengthen the retail sector, therefore the purchase of this centre is in line with its long-term business strategy. The acquisition of Arkády is proof that domestic capital already plays and will play an increasingly important role in the future,” said Tomáš Trčka, General Manager at Trigea.
Panattoni completes Samsung factory near Poznań
Panattoni has completed the development of a factory near Poznan for Samsung. The company will operate from a 60,000 sqm area, where a new production line has been set up to manufacture refrigerators.
“The world’s leading companies appreciate Poland’s central location, which not only allows them to reach customers all across the continent but also gives them access to skilled labour and well-developed infrastructure”, comments Marek Dobrzycki, the Managing Director of Panattoni.
Olgierd Bałtaki, the legal representative and director of Samsung Electronics Poland Manufacturing adds: “This project is not only an investment in the development of modern technology but also proof of our company’s commitment to the development of the home appliance market in Poland.”
The Shire – beyond coworking coming to Warsaw Spire
A new flexible coworking location is close to completion in the Warsaw Spire building C – The Shire – Beyond Coworking. The opening of the serviced office centre is set for April 2024. The Shire’s tenants will have over 1,500 sqm at their disposal on the 5th floor of the Warsaw Spire C office building.
“The location of The Shire – Beyond Coworking in the Warsaw Spire represents a key point on the development map of our investment programme. It also marks a strategic step in our planned expansion into the Warsaw market,” commented Rafał Pisklewicz, the managing partner of The Shire – Beyond Coworking.
“Coworking offices as a business respond to current trends in terms of the various models and ways of working. However, in a competitive market, you also need to stand out and maintain the highest quality and ESG standards about location, building facilities and tenant comfort, which is a priority for both CA Immo and The Shire,” explains Dawid Wątorski, senior leasing manager at CA Immo.
The company is planning to open centres in Wrocław and Poznań shortly.