Coffee with Craig Show – daily CRE news covering the CEE region, with Publisher Craig Smith and Winston Norman, Editor and Chief of EuropaProperty.com.
Prvý realitný fond is expanding its portfolio in Croatia
Mutual real estate fund Prvý realitný fond has started its activities in the Croatian market. The fund has acquired a plot of land intended for industrial development near the Croatian capital Zagreb. The land with an area of 9.7 hectares is intended for the construction of a logistics centre with 45,000 sqm of leasable area.
“We see Croatia as our next target market due to Croatia’s recent entry into the EU monetary union. The logistics market in this country is severely undersized, with great potential to catch up with other countries in the Central European region, which opens the door to new opportunities,” says Tomáš Trebula, transaction manager of IAD Investments.
The entire project will be implemented through the joint-venture partner Promat Investments, s.r.o., who mediated the investment opportunity and will be involved in the project and development management through his Croatian subsidiary Promat Projekti.
Bright Spaces digitalises ELI Parks’ entire industrial portfolio
Bright Spaces is launching into a new real estate vertical with its online 3D visualisation solution for industrial spaces. Entering the logistics sector represents an important step in the digitalization of commercial real estate processes.
ELI Parks, the first partner for which this platform is implemented, is one of the most active players in the industrial market in Romania. Innovation and the adoption of sustainable and efficient work practices are part of the principles of ELI Parks, which led the developer to digitalise the processes of presenting its spaces.
“In a world that changes fast, ELI Parks remains a pioneer of innovation in the logistics and industrial field. Our partnership with Bright Spaces is a significant step towards digitalising the company’s processes, bringing a new dimension to the presentation of our spaces,” says Andrei Jerca, Managing Director of ELI Parks.
“We see growth in the logistics industry, and we believe that a digital approach that is easy to implement and use will be indispensable in the strategy of any strong player, like ELI Parks,” says Bogdan Nicoară, CEO & Co-founder of Bright Spaces.
CTP expands Warsaw industrial and logistics park by 67,000 sqm
CTP has expanded the Polish capital’s warehouse market by more than 67,000 sqm through the delivery of two new buildings at CTPark Warsaw South. This completion means the industrial and logistics complex near Warsaw, is now almost 90 percent complete.
In terms of energy efficiency, the new buildings at CTPark Warsaw South differ from standard warehouses. The effect of the sustainable operation of the building will be to reduce light pollution levels and save up to around 55 percent of electricity consumption in the external common areas.
“We are offering a new facet to this location through ready-made solutions that facilitate the start of manufacturing activities”, says Daniel Soboń, Business Developer at CTP. When fully complete, the business park, located 50 km from Warsaw, will consist of three buildings, offering 162,400 sqm of leasable space.
Ideal Idea is expanding City Park Wrocław
Ideal Idea is commencing the construction of its fifth facility as part of the expansion of the City Park Wrocław business park, located next to the airport of the Lower Silesian capital. The new 15,000 sqm building is a pivotal element of the site’s development strategy, increasing the total space offered by Ideal Idea in Wrocław to 36,000 sqm.
“The location of City Park Wrocław, at a strategic point between Warsaw, Berlin, and Prague, is crucial for attracting investments and increasing business value. Our offer of flexibility and quality of service is unmatched, making City Park Wrocław an ideal place for innovative businesses,” says Andrzej Dużyński, CEO of Ideal Idea.
The new building will target the international BREEAM standard. Construction work is scheduled to start in February 2024, with the project completion expected in the first quarter of 2025.
