Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of EuropaProperty.com.
Panattoni launches the construction of an industrial park in Silesia
Panattoni has begun construction on a new industrial park in Będzin. The first stage of the work has already been launched and is to be completed in September. It will comprise a 27,500 sqm building constructed on a speculative basis. The total area of the park is to come to 87,500 sqm.
Marek Dobrzycki, the Managing Director of Panattoni, commented: “Investors appreciate the Silesia region for its access to a highly qualified labour pool and its well-developed transport infrastructure, which connects the region with the country’s major cities and Central Europe.”
GLP begins construction of 67,000 sqm building in Wrocław
GLP has already started constructing a new 67,000 sqm warehouse at Wrocław V Logistics Centre in Magnice, Poland. The building is expected to achieve a BREEAM “Outstanding” level certification.
Michał Szczepaniak, Business Development Manager at GLP commented, “With our final building in the project, we are raising the bar in technical excellence to deliver one of the highest specification logistics facilities in Poland. The location and build quality are expected to drive interest from potential tenants across the logistics and manufacturing sectors.”
The general contractor for the final phase is Bremer. Construction is due to be completed by the beginning of 2025.
Refurbished Wysocki Retail Park reports increased sales
Newgate Investment has reintroduced over 16,400 sqm GLA to the Białystok market with the refurbished Wysocki Retail Park. As a result of the changes introduced sales levels increased by around 70 percent.
Robert Dudziński, Head of Asset Management at Newgate Investment, said “Preparing space tailored to the needs of tenants and taking into account the preferences and purchasing power of residents allows tenants to optimize both the offer, and this directly translates into sales results.”
Newgate Investment manages a real estate portfolio consisting of 30 commercial facilities with a total lettable area exceeding 126,000 sqm. The rental level of the property is close to 100 percent.
EBRD supports the development of new housing in Poland
EBRD is supporting the development of residential housing in Poland by extending a loan of PLN 58.9 million to the Polish subsidiary of Nrep Nordic Strategies Fund IV. The EBRD’s loan will finance Nrep’s first flexible living property in Poland under its brand Noli Studios.
Noli Studios is a concept for young home-seekers and travellers looking for the comforts of home and the amenities of a hotel. The new property, in Warsaw, is built to the latest sustainability standards and is targeting the BREEAM In Use “Very Good” certification.
The new flexible living concept will help to tackle Poland’s chronic shortage of rental accommodation, which has grown even more acute since Russia invaded Ukraine and the arrival of Ukrainian refugees in Poland.