Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of Europaproperty.com.
AtlasEdge enters Austrian market with acquisition of Vienna data centre
AtlasEdge, a pan-European Edge data centre provider, announced the successful completion of a key acquisition in Vienna, marking its entry into the Austrian market. AtlasEdge was advised on the Savills, jointly with its international associate Modesta Real Estate.
This strategic acquisition establishes AtlasEdge’s presence in Vienna, Austria’s main connectivity hub and a key gateway for Central and Eastern Europe markets. The city and its surrounding area are home to thriving cloud, digital media and finance hubs, strong demand drivers which have created a rapidly growing addressable market.
“While Vienna is one of the fastest growing markets in the region, it’s also one which has been historically underserved. We pride ourselves on our distinctly customer-led approach, and by developing a best-in-class facility in a prime location, we will be well placed to meet this surging demand for capacity head-on,” Said Henry Harris, Chief Development Officer, AtlasEdge.
Energy from solar farms powers Warsaw UNIT
More than 10 MW of green energy from photovoltaic farms will power Warsaw UNIT, an office building developed and owned by Ghelamco. It is the first skyscraper in Poland entirely powered by green energy. Funding for the project was provided by ESCOlight, and the contractor is Revolt Energy.
The use of clean energy at Warsaw UNIT will reduce more than 50 percent of CO2 emissions in the building’s global lifecycle and 70 percent of utility consumption.
“For us, it is important to pursue sustainable development goals, and this project fits into Ghelamco’s strategy of achieving energy neutrality”, says Jarosław Zagórski, Managing Director, Ghelamco Poland.
RockCapital sells retail park in southern Poland
The retail park in Przeworsk (Rock Park), which had its grand opening in February, is changing ownership after just a month of operation. The seller is RockCapital, and the buyer is ME Invest, a company owned by TERG S.A., the owner of the Media Expert chain. The Avison Young investment team represented the seller in the transaction process.
“Retail parks sector continues to represent a reliable and secure investment option”, comments Artur Czuba, Associate Director, Investment at Avison Young. “In 2023, retail parks and convenience schemes accounted for 56 percent of the total retail investment volume, attracting to Poland 2 new investors.”
” Our strategy focuses on acquiring prominent assets in their respective regions and commercialising them at the highest standards,” comments Karol Bielecki, proxy of ME Invest.
“In line with our business model, RockCapital focuses on commercializing, constructing, and subsequently divesting Rock Parks, and the current transaction aligns seamlessly with our long-term operating strategy,” adds Michal Osadczuk, CEO at Rock Capital.
Foundation stone laid for Havi Logistics at MLP Poznań
MLP Poznań witnessed a foundation stone laying ceremony for a new project to be developed for HAVI Logistics. The event was attended by representatives of the general contractor, the future tenant and the project owner. Once completed, the new facility – comprising 16,000 sqm of space is scheduled for handover at the beginning of the second half of 2024. The project will undergo a BREEAM New Construction certification of ‘Excellent’.
“The new project is being custom-built for our long-time tenant. We’re very happy to expand the scope of this existing relationship,” said Radosław T. Krochta, CEO of MLP Group S.A.
“Positioned strategically in Poznań, the centre will play a pivotal role within our supply chain, facilitating streamlined and efficient logistics processes,” said Katarzyna Piątkowska, Managing Director at HAVI Logistics in Poland.