Coffee with Craig Show – daily CRE news covering the CEE region – Monday, April 11 with Winston Norman, Editor and Chief of EuropaProperty.com – Celebrating over 300 shows!!!
REICO LONG LEASE FUND BUYS R&D CENTER USED BY FERRARI
The REICO ČS LONG LEASE fund is buying BWI’s research and development centre in Krakow, Poland. The value of the fund’s new acquisition is approximately CZK 700 million (€27.3 million).
The BWI Research and Development Centre consists of two environmentally friendly, interconnected buildings, built-in 2020. The total lettable area of the buildings is almost 11,000 sqm and is fully occupied. The sole tenant of the property is the multinational company BWI from the car industry. The company’s clients include brands such as BMW, Ford, Porsche, Audi, Ferrari, and Land Rover.
The REICO ČS LONG LEASE fund purchased the property from a joint venture of the US investment company InSite Real Estate and polish development company 7R. The buyer was represented in the transaction by White & Case, TPA, Knight Frank and Arcadis.
“The BWI research and development centre is secured on a long term lease. The acquisition is a major milestone in expanding the REICO ČS LONG LEASE fund and a clear message for shareholders and business partners on what to expect from the fund in the future,” says Tomáš Jandík, Chairman of the Board of Directors of REICO IS ČS.
FIRST TENANT FOR LAKESIDE
Lakeside, a sustainable office building which will be located in Warsaw’s Mokotów district, has secured its first tenant, Hewlett Packard Enterprise (HPE). The investment owned by ATENOR, a Belgian development company, is scheduled for completion in Q4 2023. In the negotiation process, the tenant was represented by Cushman & Wakefield.
Lakeside will offer 24,000 sqm and will replace University Business Center I, one of two buildings purchased by ATENOR in Warsaw’s Mokotów district in May 2018.
“The Lakeside office building has been designed primarily for the comfort of its users, taking into account factors that have a positive effect on people’s health and well-being,” commented Karolina Pawłowska Leasing & Development Manager, ATENOR Poland.
“Modern, well-designed and sustainable office developments are currently in high demand among technology companies. And Lakeside already boasts BREEAM pre-certification at the Outstanding level and pre-certification WELL Gold as well,” explains Ilona Danelczyk, Director, Office Agency, JLL.
“This allows HPE to continue operations in an area of Warsaw that they are familiar with and from 2023 in a modern, energy-efficient and comfortable building which we are sure their employees will enjoy working in,” says Ian Scattergood, Partner, Office Agency, Cushman & Wakefield.
“With our employees in mind, we have implemented a hybrid working model, which requires more innovative space and adjustment to the new needs,” said Michał Zajączkowski, Managing Director of HPE Polska.
GLOBALWORTH TEAMS UP WITH ŻABKA NANO IN POLAND
Globalworth has entered into an agreement with Żabka for a number of Żabka Nano self-service stores to open in the company’s office buildings. The first stores have already opened in buildings B and D of Quattro Business Park in Kraków. The openings of Żabka Nano stores in office buildings represent the latest stage in the expansion of the largest chain of self-service stores in Europe, which already amounts to 41 outlets.
“Innovation is part of Globalworth’s DNA, which is why we have partnered with Żabka Future for our entire real estate portfolio in Poland. We are proud that our office buildings are among the first in the country to offer their users such a modern format as self-service Żabka Nano stores,” explains Weronika Maria Kuna, the asset management and leasing manager of Globalworth Poland.
“A fully autonomous self-service Żabka Nano store is an ideal proposition for investors who want to offer modern services and innovative solutions to the tenants in their properties,” says Paweł Grabowski, the director of maintenance-free solutions at Żabka Future.
GLOBALWORTH APPOINTS STAMATIS SAPKAS AS CHIEF FINANCIAL OFFICER
Globalworth announced the appointment of Stamatis Sapkas as Group Chief Financial Officer with effect from 1st May 2022.
“I am delighted to announce that Stamatis will become Globalworth’s new CFO. He is one of our most senior and experienced colleagues, having been with the company since its inception. He has been involved in a variety of important projects (first as Investment Director and then as Deputy Chief Investment Officer) starting with the company’s IPO in July 2013, investment transactions in Romania, equity capital and debt financing transactions and the acquisition of GPRE in Poland in 2017,” said CEO Dimitris Raptis.
Stamatis Sapkas has c. 20 years of experience in real estate advisory and investment. He joined Globalworth in 2013. He holds a B.Sc. in Management Science with Computing from the University of Kent and an M.Sc. in Banking & International Finance from Bayes Business School.
