Coffee with Craig Show – daily CRE news covering the CEE region – Thursday, April 14 with Winston Norman, Editor and Chief of EuropaProperty.com – Celebrating over 300 shows!!!
ADVENTUM TO ACQUIRE 18 RETAIL PARK ASSETS IN CZ & HU ANCHORED BY TESCO
Adventum Group has exchanged contracts to acquire a 360,000 sqm retail park portfolio for the Adventum PENTA Fund, this is a significant addition to its growing portfolio of assets across the core CEE countries including Poland, the Czech Republic and Hungary. A €150 million Acquisition Facility to finance the portfolio was arranged by OTP Bank and Erste Bank.
From the Buyer’s side, Gergely Koós-Hutás commented: “The pandemic has accelerated some of the trends in the way people carry out their shopping. The share of online sales in Europe is expected to increase from 18 percent in 2020 to almost 25 percent in 2025. However, retail parks have proven their resilience during the pandemic and are expected to play a pivotal role in the future as they are seen as a hybrid operation providing in-store retailing with last-mile delivery fulfilment options.”
Kristóf Bárány, Founding Partner of Adventum commented: “By executing our ESG focused refurbishment program and by the planned further diversification of the tenant mix with local and international tenants, we believe this retail park portfolio will serve the needs of local Hungarian and Czech consumers even better.”
MERCURE BIAŁYSTOK HOTEL OPENS
The new Mercure hotel is the first Mercure hotel in Białystok. The vicinity of the national park and nature reserves, 92 modern and comfortable rooms and a unique guest experience make it an excellent choice for everyone looking to escape from the hustle and bustle of the city.
“Mercure Białystok with its modern and contemporary interiors reflects the nature of Podlasie offering a truly inspiring and sensational guest experience. Professional and high standards of service, unique design and outstanding cuisine are the perfect recipes for the unique atmosphere that the hotel radiates,” says Sebastian Pruchniak GM of Mercure Białystok.
The 4-star Mercure Białystok is situated in an attractive area, 8 minutes from the city centre, with easy access to the main communication routes of the region. The hotel offers a restaurant, bar, a fitness zone and an outdoor and underground car park. There is also a banquet and business space at guest’s disposal, a modern and comfortable conference room with a capacity of up to 160 people with an area of nearly 200 sqm.
“Podlasie is the cradle of many ethnically diverse cultures, so a visit to a new hotel is a good starting point to discover all the secrets of the region,” says Marek Piotrowski City Interhotels CEO.
SHARESPACE SECURES CENTRAL-WARSAW OFFICE FOR BLACK TIGER POLAND
Black Tiger Poland, a personal data expert, has leased an office in Karolka Business Park in Warsaw. The transaction was carried out using the world’s first end-to-end office space marketplace created by ShareSpace.
ShareSpace is a platform that matches businesses with traditional and flexible workplace providers offering a comprehensive online office leasing process, including a search engine with real-time office availability and pricing.
“Thanks to the efficient process conducted by ShareSpace, we were able to close the process of signing the lease and carrying out the fit-out works in record time,” commented Sylwia Pytko-Burska, MRICS Asset Manager at M&A Capital.
“We are glad to have been able to partner with Black Tiger Poland and to help them secure an office of the highest quality and in an excellent location,” commented Robert Chmielewski, CEO, and Co-Founder of ShareSpace.
FORTE PARTNERS GET GREEN POWER FOR BUCHAREST OFFICES
Romanian developer Forte Partners says that all its office projects in Bucharest are powered solely by renewable energy as part of its sustainability strategy.
Forte’s Millo Offices, Tandem and U•Center office buildings have already been certified as green buildings and are now relying solely on renewable energy.
“We are integrating during the concept phase, and we are implementing during the construction phase all the elements of sustainability and energy efficiency so that the use of our office buildings is environmentally friendly and creates a healthy and safe working environment,” said Stephen Burke, Construction Director of Forte Partners.
The company’s office buildings also include facilities such as biophilic design, intelligent ventilation systems, intelligent LED lighting systems, charging stations for electric vehicles and interactive building management systems.
Forte Partner’s projects planned for 2022 are valued at €100 million.
SONAE SIERRA WINS SERVICES CONTRACT FOR PRISHTINA MALL
Sonae Sierra has closed an agreement with the owners of Prishtina Mall, the newest shopping centre set to shortly open in Kosovo, to provide consultancy services for the retail and entertainment scheme. Covering 239,000 sqm and with a GLA of 115,000 sqm, as well as offering parking for over 3,500 cars, Prishtina Mall will be the biggest shopping and entertainment mall in South-East Europe.
Cristina Santos, Managing Director of Property Management of Sonae Sierra, said: “We are delighted to see our decades of experience in leasing, managing and activating retail spaces once again pay off with this substantial contract. Our considerable knowledge of the international retail landscape means that we remain a far-sighted partner to have when developing innovative concepts like Prishtina Mall. This dynamic retail and leisure destination will change the city for good.”
