Coffee with Craig Show – daily CRE news covering the CEE region Monday, June 13 with Winston Norman, Editor and Chief of EuropaProperty.com.
Immofinanz announces changes in its Executive Board
After the successful takeover of Immofinanz by CPI Property Group Executive Board Members Dietmar Reindl and Stefan Schönauer has stepped down. Dietmar and Stefan will continue to work for the Company as advisors to the Executive and Supervisory Board until 31 December 2022.
Radka Doehring was appointed as an Executive Board member in April 2022 and takes over the agendas from Dietmar and Stefan. They will continue to support her in her new role and future projects.
Miroslava Grestiakova, Chairwoman of the Immofinanz Supervisory Board said: “We thank Dietmar and Stefan for their important role in repositioning Immofinanz as a successful commercial real estate player in its markets. Their passion and efforts made Immofinanz become a very innovative, profitable and also crisis resilient Company in these challenging times.”
Martin Nemecek, Vice Chairman of the Immofinanz Supervisory Board and CEO of CPI Property Group added: “Dietmar and Stefan in their role as Executive Board Members, together with their passionate employees, formed an outstanding real estate company. This great success attracted CPI Property Group and we are proud to become the major shareholder of Immofinanz.”
Accolade signs €137.5 million loan for Amazon warehouse
Accolade Group has signed a €137.5 million loan agreement for the construction of a large multi-storey distribution centre in the Olomouc Region (located in the northeast of the Czech Republic) for online retail giant Amazon.
The total area of the multi-storey industrial complex, which will provide employment opportunities for up to two thousand people, is more than 187,000 sqm. Robots and artificial intelligence will also be heavily involved in the operation of the hall. The industrial hall is being built on the brownfield of a former sugar factory.
“The financing banks subjected the project to a very rigorous assessment before granting the loan, not only in terms of the sustainability of the financing but also in terms of environmental friendliness,” said Accolade’s CFO Tomáš Procházka.
Accolade signed a loan agreement with a consortium of banks in the first quarter of this year. The consortium of banks is led by Komerční banka, for which the contract with Accolade represents the first cooperation. The other members are Česká spořitelna and Raiffeisenbank.
CTP starts construction of cargo terminal in Oradea
Industrial developer CTP has started the construction of CTPark Oradea Cargo Terminal.
The park is being developed on a 14.4 ha site and around 45,000 sqm of space for warehouses and aircraft parking will be completed by the year-end.
“Although the project has just started the interest from potential tenants is quite high,” said Ana Dumitrache, Country Head of CTP Romania.
The value of the investment in CTPark Oradea Cargo Terminal will be around €36 million upon completion.
LPP implements proptech solutions in over 1,600 stores in 20 countries
LPP, one of the biggest clothes manufacturing companies in Central and Eastern Europe and owner of the Reserved, Mohito, House, Cropp, and Sinsay brands is implementing Singu FM, a facility and maintenance management software from Velis Real Estate Tech. The system will be deployed across the LPP’s brand sales network of over 1,600 stores in 20 countries.
LPP decided to implement Singu FM software for facility and maintenance management in the United Kingdom, Germany, Poland, the Czech Republic, and Romania. The system enables the company to establish facilities benchmarking, standardization, and automation of processes as well as instant communication between managers, subcontractors, and employees of stores.
“At LPP, we focus on the constant expansion of our retail space. As a leader in the use of new technologies, we also want to be the best in the operations management field, which is possible thanks to the use of appropriate PropTech solutions,” said Błażej Biernacki, Stores Maintenance and Operation Manager, LPP.
”Velis Real Estate Tech is focused on further development and global expansion, and it is consistently following this path, which is confirmed by the cooperation with such market leaders as LPP,” highlighted Adam Penkala, Board Member, Head of Marketing and Global Expansion Department at Velis Real Estate Tech.