Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, June 9 with Winston Norman, Editor and Chief of EuropaProperty.com.
Panattoni spearheads drive into the Swedish market
Panattoni has completed the biggest zoned land deal ever done in the Swedish market with the SEK 3.1 billion (c. €300 million) acquisition of seven sites totalling 121.3 ha in the region of Stockholm and Skåne. The vendor was Kilenkrysset, a Swedish family-owned real estate owner and developer.
The land has the zoning permits and the potential to develop 661,450 sqm of logistics gross lettable area (GLA), for an estimated total investment of more than SEK 10 billion (c. €1.0 billion).
Robert Dobrzycki, CEO & Co-Owner of Panattoni Europe and India, said: “Panattoni is accelerating its expansion across West European markets and this record Swedish land transaction is probably the most spectacular entry into a new market we’ve achieved so far.”
Panattoni plans to speculatively develop 19 warehouses on seven greenfield sites.
Jan Persson, CEO at Kilenkrysset, said: “Panattoni’s values are in line with Kilenkrysset and we share many similarities. Panattoni’s investment will be an important addition to the development of the Mälardalen region for many years to come.”
Fredrik Jagersjö Rosell, Managing Director Panattoni Sweden, said:” The prime development land Panattoni acquired from Kilenkrysset sits in the heart of Sweden’s Golden Triangle concentration of warehousing and distribution hubs in the southern regions framed by the cities of Stockholm, Gothenburg and Malmö.”
Radisson Hotel Group opens repositioned hotel in Pula
Radisson Hotel Group announced the debut of its luxury lifestyle Radisson Collection brand in Croatia, with the opening of Grand Hotel Brioni Pula. This follows an extensive £30 million repositioning of the legendary Hotel Brioni by Radisson Hotel Group’s partner PPHE Hotel Group and its Croatian subsidiary Arena Hospitality Group.
The hotel occupies a cliff-side location on the Adriatic. It offers 227 rooms, swimming pools, multiple restaurants and bars and health and wellness facilities.
“The opening of Grand Hotel Brioni Pula, A Radisson Collection Hotel is a tremendous achievement for us, as we introduce our luxury lifestyle brand to this culturally rich city and region, the first on the Adriatic coast and our first in partnership with PPHE Hotel Group,” says Elie Younes, Global Chief Development Officer of Radisson Hotel Group.
Reli Slonim, President of the Management Board and Chief Executive Officer of Arena Hospitality Group, adds: “This premium redevelopment paves the way for our other two premium hotel openings planned for Croatia in Zagreb (2022) and Pula (2023).”
Digitall opens Warsaw hub thanks to Sharespace
DIGITALL a European technology and consulting company has opened its first office in Warsaw in WeWork Mennica Legacy Tower. The whole leasing process from beginning to end took a total of 3 days and was done entirely online via ShareSpace, the first end-to-end office leasing marketplace.
DIGITALL was recently recognized for its outstanding expertise and contribution in the sphere of Digital Transformation in Central and Eastern Europe at the 2022 CEE Business Services Awards in Warsaw. DIGITALL partners with tech industry leaders such as Salesforce, Microsoft, IBM, etc. With over 20 years of experience in the global market and 1,500 employees across 13 countries,
Robert Chmielewski, CEO, and Co-founder of ShareSpace commented, “As a dynamically growing start-up, we realize how important it is for a company to expand, and so we are happy to be part of DIGITALL’s milestone of entering the Polish and broader CEE region.”
Bogdan Bancila, Warsaw Hub Manager at DIGITALL commented, “Our new office space is available 24/7; this is important for our employees. We work in digital transformation across countries, continents, and time zones, so it’s very important to have this kind of availability.”
Used Products announces strategy for business expansion
Dutch retailer Used Products, specialized in the sale of new and pre-used products, has consolidated its presence in the Romanian market and announced an expansion plan that aims at several franchise store openings in the coming years. The company’s goal is to expand into cities with a population of over 50,000.
“We anticipate the opening of three new locations over the next five years, and in the long run, we expect more than ten memberships to the Used Products franchise”, says Kun Norbert, Franchise Director within the company.
Used Products currently owns three franchised stores in Romania,: the first was launched in 2018 in Cluj-Napoca, the second last year in Timisoara, and the third in February 2022 in Bucharest. This last opening also marked the company’s entry into the capital.
Kun Norbert estimates sales of 250,000 euros for the new store in the capital for 2022.
In 2021 the local branch of the retailer recorded a turnover of 823,000 euros, with the prospect of accelerated growth in the coming years, especially since Romania is considered a country “with a future” for such a business, starting from the idea that the number of direct competitors is still very small.