Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of EuropaProperty.com.
LemonTree investment in Zabrze takes off
LemonTree, in cooperation with Commercecon, has launched its latest investment, BOOSTER Zabrze. The development will ultimately offer more than 100,000 sqm of innovative service, logistics and office space.
“Wanting to maintain the momentum of the city’s development, we establish cooperation with such partners who can bring long-term value to Zabrze. That’s why we decided to act together with LemonTree because the philosophy of the brand is close to our hearts, and most importantly, it is reflected in an investment that will not only bring business benefits but also respond to the needs of the residents,” says the Mayor of Zabrze Malgorzata Mańka-Szulik.
Bartłomiej Krawiecki, CEO of LemonTree, commented: “This investment wouldn’t have happened if it weren’t for exemplary cooperation with the city government. This is a perfect example of how businesses can join forces with local authorities to work together for the benefit of the local community.”
NEPI Rockcastle completes its first residential project in Romania
NEPI Rockcastle has completed its first residential project in Romania. The Bucharest-based Vulcan Residence complex features 254 apartments and has been delivered with an 80 percent sale rate.
Iulian Rusu, Head of Residential at NEPI Rockcastle, said the completion of the projects underscores the strong demand for high-quality and sustainable housing. The project was completed following an investment of around €25 million.
Crosspoint Real Estate was the exclusive agent for the project. “The Vulcan Residence project has now reached maturity. At this point, we are talking about a finished product, a residential development that has added value to the area,” said Oana Popescu, Head of Residential at Crosspoint Real Estate.
VGP begins construction on new halls at Ústí nad Labem City
Industrial and logistics developer VGP has started construction of warehouses B and C at VGP Park Ústí nad Labem City. Building B is being prepared for a major Czech logistics company RTR – TRANSPORT A LOGISTIKA s.r.o. The company will lease 10,787 sqm of warehouse and office space from a total of more than 29,000 sqm. Completion is planned for the 4th quarter of this year.
“The new premises, built to BREEAM green certification, will allow us to provide highly efficient and sustainable logistics operations for all our clients using modern technologies,” said Pavel Kříž, Managing Director of RTR-TRANSPORT A LOGISTIKA s.r.o.
