Coffee with Craig Show – daily CRE news covering the CEE region from PANATTONI CAFE with Publisher Craig Smith and Winston Norman, Editor & Chief of europaproperty.com.
Revetas sells Bonarka Meadows to Henninger Investment
Revetas Capital has sold Bonarka Meadows in Krakow, a residential development project, to Henniger Investment, a Polish investment company. Bonarka Meadows is positioned on two land plots next to the Bonarka for Business complex. The project is also next to the Bonarka shopping centre.
The land plots have building permits and are planned to deliver 434 modern apartments spread across 4 buildings.
Vlad Dragoescu, Director, CEE Head of Portfolio Management at Revetas Capital, said: “We are pleased with the successful transaction with Henninger Investment, a reputable Polish partner known for their extensive experience in residential developments. With a strong focus on achieving a perfect work-life balance and maximizing the utilization of the land plot, this project will greatly benefit our business community and its employees in the Bonarka for Business “B4B” office park.”
Construction of Porta Mare office building underway in Elbląg
The construction of Porta Mare, the first A-class office building in Elbląg, has reached the third storey. The building will eventually rise to six storeys and become a unique point on the city’s map. The investment is being carried out as part of the Factory Programme.
“This modern building offers office space, retail, and service facilities, and is in a unique location close to the Elbląg River with a picturesque view of the Old Town. Porta Mare is not just a building, it is the heart of Elbląg’s commercial future – a place that will attract companies and enterprises seeking a modern location with character,” emphasises Maciej Wojtczak, President of the Management Board of Fabryka – Porta Mare.
“Porta Mare is by far the most exciting development currently underway in Elbląg,” says Aleksandra Staniszewska, Senior Consultant, Office Agency, JLL Polska.
Leroy Merlin to open two more stores in Bucharest
DIY retailer Leroy Merlin announced it has leased two retail spaces in Bucharest, with a combined area of 21,000 sqm from the Supernova Group, through a transaction brokered by the real estate consultancy company Cushman & Wakefield Echinox.
The galleries are part of the former Cora portfolio of six properties that Supernova acquired in 2021 following a sale and leaseback transaction, properties which have either been or are due to be modernized and rebranded.
“Even though Romanians have been more careful with their spending in recent years, they remain attached to their homes and invest in them,” Mathieu Bauduin, CEO of Leroy Merlin Romania, said.
“Supernova Group is thrilled to welcome Leroy Merlin as a strong tenant partner in our shopping centres. Their presence will undoubtedly enrich our shopping centres, offering added value to our portfolio and our customers,” said Markus Pinggera, Managing Director at Supernova Group.
Speedwell starts the second residential building in Timișoara project
Speedwell has kicked off the development of the second residential building of the mixed-use project Paltim based in Timișoara. The developer has already sold more than 40% of the 113 homes included in the second building.
“This percentage is a clear confirmation of the interest and trust that people are showing towards the project,” says Didier Balcaen, CEO and Co-Founder of Speedwell.
In the meantime, the developer has completed the first building with 123 apartments, which reached a sale rate close to 70%. Aside from apartments, the project includes an office building, retail spaces and two restored historical buildings.
