Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of EuropaProperty.com.
Panattoni sells industrial park in Wrocław
An international real estate company has purchased Panattoni Park Wrocław West Gate with a total area of 46,900 sqm. The park is a complex of two buildings that were built to BREEAM certification standards. The tenants include international logistics operators, Hellmann Worldwide Logistics and ESA Logistika, as well as packaging manufacturer Schumacher Packaging.
“Another successful disposal in the Wroclaw region further confirms Lower Silesia’s and Poland’s investment quality and strong fundamentals of industrial real estate,” comments Michał Stanisławski, the Head of Asset Disposition at Panattoni.
Hillwood’s full portfolio of buildings with BREEAM certificates at Excellent level
Hillwood Poland’s 15 buildings have been certified BREEAM In Use at the Excellent level, completing the company’s entire portfolio certification. Obtaining the certificates was the result of cooperation with JWA, a consulting firm specializing in green solutions.
“We are extremely proud to certify all our projects as BREEAM Excellent. It confirms our commitment to the highest standards of quality and care for the environment,” says Renata Michalczyk, Head of Asset and Property Management Poland, Hillwood.
“The biggest challenge was to obtain certification for so many buildings simultaneously in a very short time,” says Sylwia Bieda, Sustainability Specialist & Junior Coordinator at JWA.
Warimpex successfully closes sale of Palais Hansen stake
After holding an interest in the project company for Palais Hansen located in Vienna for over ten years, Warimpex announced the sale of its stake in the property. The sale was concluded together with the consortium partner UBM Development.
Located in Vienna’s historic city centre, Palais Hansen was converted to a hotel for the World’s Fair in 1873 but was never used as one. In 2007, the consortium partners Porr Solutions (now UBM Development), Warimpex, Wiener Städtische Versicherung, and Wien Holding decided to undertake refurbishment of the listed building. In March 2013, it was opened as a five-star hotel.
“Our core business involves developing projects, operating them to generate stable cash flows, and selling them as soon as the highest added value can be achieved. Palais Hansen has developed very well since 2013, and now the optimal time has come to sell our share,” commented Warimpex CEO Franz Jurkowitsch on the transaction.
