Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, June 22 with Winston Norman, Editor and Chief of EuropaProperty.com.
Kajima completes first built-to-rent project in Poland
Kajima Properties, an active and long-standing investor in the Polish living space sector, has completed the development of one of Gdansk’s first built-to-rent schemes. A joint venture with local investor Tonsa and Olivia Business Centre, it marks Kajima’s first built-to-rent project in Poland. The building has been incorporated within the new @Home operational platform and has quick access to central Gdańsk, Olivia Business Centre and the rest of the Tri-City area. The 3,185 sqm building has been fully let.
The project utilises an innovative off-site modular construction process that halved the development period and provided significant advantages in specification and quality control. The technologies used to deliver the building lowered the amount of construction waste and its carbon footprint by 11 percent and will allow occupants to significantly reduce their energy consumption.
Stephen Young, Investment Manager at Kajima Properties Europe said: “As the demand for high-quality rental housing continues to grow across Europe, we see considerable growth opportunities for the future.”
Eurovea Tower becomes Slovakia’s tallest building
Eurovea Tower has reached 125-metres with the completion of its 38th floor – achieving the milestone of being the highest building in Slovakia. By year-end, it will have 47 above-ground floors and 168 metres – making it the country’s first skyscraper.
The skyscraper has attracted strong interest both from the general public and buyers. With an immediate and overwhelming interest in apartments, most are already sold.
“I consider the most valued and most valuable Bratislava apartment living to be that connected to the water, namely the Danube embankment. Added value is walking-distance connections with the city centre’s wide range of services, facilities, culture and gastronomy,” adds Pavel Pelikán, Executive Director of JTRE.
In addition to the skyscraper, the Eurovea 2 project also includes an extension of the Eurovea shopping centre and the Riverside residence.
Sirin Development delivers stage IV of Liepkalnis Industrial Park in Vilnius
Sirin Development, an industrial real estate development and management company, has completed the construction of stage IV of Liepkalnis Industrial Park in Vilnius, one of the largest industrial parks in the Baltic States. In total €13 million was invested in the 26,200 sqm warehouse.
Well-known logistics and e-commerce companies have already moved into the new premises. According to Laurynas Kuzavas, the Director of Sirin Development, the industrial park project is unique in the Baltic States due to its size, exceptional location, high construction quality and focus on energy efficiency.
“We offer modern warehousing facilities for our clients in a premium location within the capital, thus ensuring fast and cost-efficient goods delivery,” said Kuzavas.
Desenio Group opens a distribution centre in CTPark Bor
Desenio Group, a leading European wall art provider, leased nearly 18,500 sqm of industrial-logistics space in CTPark Bor. The premises will serve as the Swedish company’s distribution centre for European markets outside the Nordic region. The transaction was assisted by Cushman & Wakefield.
“With our new logistics centre, we get closer to most of our European customers outside the Nordic region, which results in shorter lead times and less environmental impact. As a consequence, we also reduce our logistics costs,” says Jimmie Grönlund, Head of Fulfillment of Desenio Group.
“Coordinating such an extensive project during the covid limitations, which included remote negotiations conducted online or numerous quarantines accompanying the travels, was a truly challenging task,” said Vít Zdráhal, Partner, Head of Landlord and Tenant Representation in the industrial team at Cushman & Wakefield.
“CTPark Bor is one of the most successful business parks in Central and Eastern Europe not only because of its excellent strategic location but also thanks to its highly modern facilities that are adapted to the needs of our tenants,” says Jakub Kodr, Head of Business Development, CTP Czech Republic.
Next to Desenio Group, which opened their new logistics centre, other significant tenants at CTPark Bor include Loxxess, Fiege, and Primark.
Panattoni completes 70 percent of City Logistics Kraków I
Panattoni has developed around 70 percent of the 36,500 sqm planned as part of the City Logistics Kraków I development, and the completed space is already fully leased. A recent new addition is FM Logistic which has just leased 2,300 sqm in the city logistics park.
The City Logistics Kraków I development is a brownfield development built on former industrial land. “Due to its location and history, Kraków is a key business centre in Poland but the lack of available land limits the potential of the industrial property sector. That is why Panattoni is reclaiming post-industrial land to give its clients the possibility to develop in the best location,” says Filip Noworól, Senior Leasing Manager, Panattoni.
Raven Sport has also taken advantage of the space provided by leasing 1,600 sqm. The company is involved in the distribution and retail of high-quality clothing and footwear as well as sports equipment.