Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, May 11 with Winston Norman, Editor and Chief of EuropaProperty.com.
MACQUARIE ASSET MANAGEMENT AGREES TO ACQUIRE POLISH LOGISTICS REAL ESTATE DEVELOPMENT
Macquarie Asset Management, on behalf of its European Logistics Real Estate Fund, has agreed to acquire a state-of-the-art logistics and warehousing facility currently under development near Warsaw from Logistic Property Investment, owned by Żabka Group and managed by Żabka Property Fund.
The 60,000 sqm facility will be one of the most technically advanced distribution centres in Europe when it is completed later this year, powered by trigeneration and solar, and equipped with cutting-edge autonomous fulfilment technology. The facility is 100 percent leased to Poland’s largest convenience store operator Żabka and will service more than 3,500 of its 8,200 stores from the warehouse.
Christian Goebel, Co-Head of Macquarie Asset Management’s Core/Core-Plus Real Estate strategy, said: “Poland’s growing standard of life and favourable location in central Europe support strong logistics demand from domestic and international companies..”
Andrzej Potyra, Head of Żabka Property Fund, said: “We are proud to have developed this project alongside 7R which is set to be the most technically advanced in Żabka’s distribution chain.”
The facility is targeting an ‘Excellent’ rating under the BREEAM sustainable building certification scheme.
FOSTER + PARTNERS TO RETHINK LANDMARK BUILDINGS IN CENTRAL WARSAW
Atrium European Real Estate, the owner of Wars Sawa Junior buildings and operator of Pasaż Wiecha, has appointed award-winning architectural design and engineering firm Foster + Partners to look into this Warsaw’s central location.
The partnership demonstrates a 2030+ vision to responsibly realign the public realm with the New Center of Warsaw municipal masterplan and form meaningful pedestrian connections with the anticipated Museum of Modern Art and Plac Centralny, Chmielna street and tourists city walk toward Nowy Świat and Old Town.
“We realize the cultural and historical value this place represents and are aware of the complexity it requires reconciling the interests of many parties. We are ready to attune to voiced recommendations and work together to drive positive change in this part of downtown Warsaw,” said Graham Kilbane, Group Chief Development Officer, Atrium European Real Estate.
Chris Bubb, Senior Partner, Foster + Partners, said: “Through local stakeholder consultation and historical research, we look to reveal the changing nature of the city centre and inform a vibrant future for Wars Sawa Junior and Pasaż Wiecha.”
COLLIERS TO MANAGE THREE PEAKSIDE CAPITAL WAREHOUSE INVESTMENTS
Colliers has taken over the management of three warehouse complexes with a total area of almost 180,000 sqm: City Point Targówek, Logistics Point Piaseczno and Logistics Point Raszyn. Their Investment Manager is Peakside Capital.
“Warehouses are a significant part of our portfolio – after acquiring Peakside Capital’s and Partners Group properties, Colliers will have almost 650,000 sqm of warehouse space under management”, says Agnieszka Krzekotowska, Partner and Director of the Property Management at Colliers.
All Peakside Capital’s and Partners Group warehouse complexes are located in zones of Warsaw (I and II), where tenant demand is the highest in Poland. In order to increase the efficiency of the warehouse space and bring it up to ESG standards, the owner has planned the modernisation of the facilities, which will be supported by Colliers experts.
LIDL BECOMES THE ANCHOR TENANT FOR RETAIL PARK DZIERŻONIÓW
Falcon Investment Management in cooperation with BOIG will build the largest retail park in the region of Dzierżoniów. The first customers of the centre will be welcomed in the fourth quarter of 2023. The food operator and one of the key tenants will be the Lidl chain.
Retail Park Dzierżoniów will offer 14,000 sqm GLA in over 20 stores of well-known international brands creating a rich commercial and service offer. Among them, there will be Cropp, House, Sinsay, Rossmann, Pepco, RTV Euro AGD and Martes Sport. The retail park’s grocery offer will be created by a Lidl supermarket – one of the largest retail chains in our country. The area of the supermarket will be about 2,000 sqm.
“The commercialization process is already at its final stage, thanks to the agreement signed with the Lidl chain, we are approaching 70 percent occupancy, and the remaining free space is already reserved by specific tenants and the process of finalizing the lease agreements is underway,” said Jan Wciślak, Associate Director, BOIG.
BOIG is responsible for the coordination of the construction and commercialization of the facility, and the MOFO Architekci studio is responsible for the design.
SAVILLS IM BOLSTERS ESG TEAM
Savills Investment Management (“Savills IM”), the international real estate investment manager, announced changes to its ESG team. Cathy Keir has been appointed as Senior ESG Manager. In her new role, Cathy will support investment teams focusing on Europe initially, implementing ESG targets and initiatives set out in the Net Zero Carbon pathway.
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