Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of EuropaProperty.com.
Revelop makes first acquisitions for its latest flagship value-add fund
Revelop, the Stockholm-based Sweden-focused real estate investor has secured new equity capital commitments exceeding SEK 2.4 billion for its latest flagship value-add fund. The capital comes from a combination of existing and new institutional investors, with the majority being international.
In two individual transactions, a total of 11 assets comprising 70,000 sqm have been acquired, representing SEK 1 billion in asset value. One of the transactions was a portfolio acquisition from Castellum that constituted assets in both Stockholm and Gothenburg, in strong urban transformational locations.
“These acquisitions are a result of our proactive research-driven sourcing, local market knowledge and conviction in our carefully selected investment themes. Revelop’s sector-agnostic investment strategy is to acquire assets with value-add potential in sub-markets with strong structural growth,” says Thomas Sipos, Group CEO and Executive Partner at Revelop.
Panattoni sells large e-commerce development in Poznań
A specialist real estate investor has purchased Panattoni Park Poznań XI for €92.5 million. The centre is one of the main logistics hubs for a leading European fashion platform for its operations.
“The increasing activity of specialized investors demonstrates the strong fundamentals of the Polish market, enabling the implementation of sector-oriented growth strategies,” commented Michał Stanisławski, the Head of Asset Disposition at Panattoni.
Panattoni Park Poznań XI is a fully let complex near Poznań comprising two buildings. The tenants are DHL Supply Chain and Arvato, two international supply chain management companies.
Bechtel chooses Equator IV for its Polish HQ
American company Bechtel, which is to build the first nuclear power plant in Poland in Choczewo in Pomerania, has chosen Equator IV in Warsaw, an office building in CPI Property Group’s portfolio, to be the location of the head office of its Polish branch.
“Bechtel Polska is a prestigious tenant, which, by choosing space in Equator IV, has provided further confirmation of the strong position of this office building on the Warsaw market,” says Ewelina Nuszczyńska, the senior leasing manager at CPI Property Group responsible for this transaction.
Equator IV offers more than 24,000 sqm of class A leasable space and has been awarded a BREEAM ecological certificate at the ‘Very Good’ level.
Uniqlo to open first permanent store in Poland this year
Global apparel retailer Uniqlo announced plans to open its first-ever permanent store in Poland. The new store, Uniqlo Arkadia, will be located at Westfield Arkadia shopping centre in Warsaw and will greet its first customers in fall 2024.
Uniqlo Arkadia will carry the full line-up of LifeWear for men, women, kids, and babies over a sales floor of approximately 1,300 sqm. The opening of Poland’s first permanent Uniqlo store follows a successful pop-up store in Warsaw, Uniqlo Wars Sawa Junior, which opened in September 2022.
Taku Morikawa, CEO of Uniqlo Europe, said “We are thrilled to take this next step in Uniqlo’s journey in Poland and bring Uniqlo’s versatile and everyday essentials to even more people in Warsaw.”
