Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of EuropapProperty.com.
WDP buys retail park near Bucharest
Industrial developer WDP has purchased wholesale retail park Expo Market Doraly from ARA Europe and a Romanian investor. The project is based north of Bucharest and covers 110,000 sqm and comprises 37 pavilions that host 400 traders.
“We are delighted to finalise such a complex transaction of an atypical property, but with extremely solid business fundamentals, and bring together a unique opportunity with the right investor,” said Andrei Văcaru, CEE Head of Capital Markets at iO Partners, the agency that worked with the sellers on the deal.
“We are very pleased with the acquisition of this promising asset, which is complementary to our existing Romanian portfolio,” said Jeroen Biermans, Country Manager of WDP Romania.
WDP’s current industrial portfolio in Romania covers close to 1.7 million sqm. The company’s projects are spread across major urban areas in the country.
Faedra Group sells logistics development in Budapest
Faedra Group, acting as developer and general contractor, has successfully sold its new, fully leased greenfield logistics development Faedra22 in Budapest. Selling Faedra 22 logistics park marks the first sizeable transaction by a foreign buyer in Hungary in 2024.
The 16,600 sqm development concept was tailored around high building specifications and a strong ESG focus including heat pumps, solar panels and rich insulation, all contributing to a BREEAM Very Good and A+ energy rating.
“Faedra22 marks the second of such development by our group, and we continue our development plans, not only in this interesting asset class,” added Bence Boronkay, founder and owner of Faedra Group.
Panattoni secures €20 million from mBank for Panattoni Park Szczecin V
Panattoni has acquired financing for the development of its latest development in Western Pomerania. The €20 million loan was granted by mBank. Panattoni Park Szczecin V will comprise 30,000 sqm of which around a third has already been leased to a client from the food and hospitality sector.
”Because of its strategic location and its well-developed infrastructure, the Western Pomeranian region is one of the key emerging markets in the country,” says Karina Trojańska, Chief Financing & Operating Officer at Panattoni.
Specialist food firm Bidfood Farutex has leased over 8,600 sqm in the future park, to ensure it has the appropriate space to store and distribute food products, including refrigeration and freezer facilities.
