Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, May 24 with Winston Norman, Editor and Chief of EuropaProperty.com.
HOTCO 2022 ANNOUNCES MORE THAN 50 SPEAKERS
The HOTCO conference returns to Budapest from May 30th to May 31st. The event returns after a COVID hiatus for its fifth instalment.
Marius Gomola, the co-founder of HOTCO Hotel Investment Platform CEE & Caucasus, said “HOTCO 2022 revolves around Hotel Investment and has the main aim of being a Platform for the Caucasus & CEE region to connect local hoteliers, developers and investors with industry icons face-to-face while promoting investment in hotel real estate as well.”
Two main keynote speakers this year. The keynote speaker, Mary Gostelow, President and Editor of Gostelow Media Global and Ruslan Husry, the Managing Director of the HR Group, will reveal the company’s success story of getting to 73 hotels in 30 cities and 5 countries in some 12 years.
A few other speakers worth mentioning are Theodor Kubak as Managing Partner of Arbireo Capital and Value One Hospitality, Pankaj Birla the Area Vice President of Eastern Europe at Marriott International and Noah Steinberg the Chairman and Chief Executive Officer of WING.
According to Marius Gomola, growing interest has been seen in the hospitality real estate sector, many from first-time investors. With investor interest at all-time highs, combined with the capital attracted the only question which remains is why bankers are staying away?
BIG SHOPPING CENTERS IS NOW THE OFFICIAL OWNER OF DELTA CITY
BIG Shopping Centers has fulfilled all the conditions for officially purchasing 100 percent of ownership of Delta City Podgorica. The Israeli company is now the official owner of the project.
“Purchase of Delta City Podgorica is our entry ticket to Montenegro and only the beginning of our support and investment in the country,” said Lev Weiss, CEO of BIG CEE. “This transaction is by our strategy which we declared last year, to continue our development throughout the Balkan Region.”
Delta City Podgorica covers an area of 24,500 sqm with a 100 percent occupancy rate. The centre has a rental mix that includes an Aroma supermarket, Cineplexx cinemas, cafes and restaurants, fashion chains and sports stores, with anchor stores like Zara, Bershka, Mango, Pandora and many others.
CZECH FUND ACQUIRES TENSOR OFFICE PARK
Greenstone Asset Management, acting on behalf of EuroEast B.V has sold the Tensor Office Park in Gdynia to a JV managed by the Czech fund INVESTIKA realitní fond and Bud Holdings. This transaction confirms that Tricity remains an attractive investment destination for international institutional investors.
The Tensor Office Park comprises three modern buildings with a combined area of 20,075 sqm. The Tensor Office Park is now 100 percent let.
“The Polish real estate market offers a wide range of interesting investment opportunities and Tensor is indeed one of them. It matches our investment criteria being a superb, fully occupied A-class office building in a great location, with unique WAULT and imaginative architecture,” says Václav Kovář, the portfolio manager of the INVESTIKA real estate fund.
Cushman & Wakefield’s team led by Marcin Kocerba assisted the vendor in its search for an investor. “This transaction is ideal evidence of the attractiveness and strength of the Polish office market and, above all, a confirmation that through strategic asset selection and implementation of a well-thought business plan, above-average profits can be achieved even on Core assets.”
PARTNERS GROUP AND REINO GROUP INTRODUCE FORM OFFICES
The launch of Form Offices meets the growing demand for high-quality offices in the Polish regional markets.
“With employees returning to the office, we saw strong demand for highly energy-efficient and sustainable buildings in the Polish regional office markets, creating the right environment to work comfortably and develop a building community,” said Agata Połeć, Asset Manager, representative of Form Offices.
Buildings in Form Offices portfolio are BREEAM Excellent certified, and Wadowicka 3A was the first building in Poland to receive the global Fitwel certificate in July 2021. Tertium, Kraków, with three A-class office buildings for a total of 40,000 sqm of leasable area proves the investors’ commitment to sustainable development. DOT by Form, Kraków, with 3 modern buildings for a total leasable area of 24,000 sqm, is located in the Special Economic Zone. Cu Office, Wrocław consists of 2 modern buildings with over 24,000 sqm of leasable area.
