Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of EuropaProperty.com.
Fundraising for Newport Logistics Fund II to close at the end of June 2024
Newport Logistics Fund II has already raised more than 70% of the planned amount and is ending the fundraising in June 2024. The €70m+ already raised has been invested into 5 projects in Western Europe countries of Austria, the Netherlands, France, Sweden and Germany.
Newport Logistics Fund offers the opportunity to invest in the development of industrial logistics, a sector that is seeking huge demand across all of Europe. The Fund finances the full investment cycle of the properties in partnership with market leader, Panattoni. This strategic cooperation gives the Fund access to the best projects, as well as a leading track record in the construction and commercialization of industrial logistics developments.
Kaufland marketplace expands to Poland and Austria
Kaufland continues to drive forward its growth strategy for marketplaces. Following the successful launch in Slovakia and the Czech Republic last year, Kaufland is now bringing its marketplaces to two more countries: Poland and Austria. The launch is planned for late summer.
“Our Kaufland marketplace has got off to a very good start in Europe. In Slovakia and the Czech Republic, we are already one of the largest online marketplaces in the country. We are getting a lot of positive feedback from both retailers and customers. Accordingly, expansion into other countries is the next big and logical step for us this year. We are very pleased that we can now make our marketplace accessible to millions of people in Poland and Austria and that our retailers can further expand their presence in Europe,” says Gerald Schönbucher, CEO of Kaufland e-commerce.
Panattoni delivers 22,000 sqm warehouse park in Kraków
Panattoni has built another investment in Lesser Poland. Now, the developer has completed the construction of City Logistics Kraków Airport II with an area of 21,850 sqm and has put into use the first stage leased by Allegro.
“City Logistics Kraków Airport II is perfectly located and is an attractive proposition for companies in the e-commerce industry and those operating in urban logistics”, says Filip Noworól, Senior Leasing Manager at Panattoni.
Futureal finishes Wratislavia Tower retrofitting
Futureal Investment Partners has finalized the ESG repositioning of its Wratislavia Tower in Wrocław. During the process, the building also received a BREEAM Excellent in-use certificate. The retrofitting project followed Futureal’s “Office Impact Strategy,” whereby older office buildings are being redeveloped to meet modern ESG market standards.
“The Wratislavia Tower projects fit into our strategy, which focuses on value-added and opportunistic investments that are expected to deliver high returns. We continue to invest in properties with excellent potential in the office, retail, and logistics sectors”, said Karol Pilniewicz, CEO of Futureal Investment Partners.
