Coffee with Craig Show – daily CRE news covering the CEE region, Monday, June 27 with Winston Norman, Editor and Chief of EuropaProperty.com.
Colliers launches PRS market services in Poland
Private Rented Sector investments are increasingly developing in Poland. In 2021, residential rental investments accounted for €0.6 billion of the capital invested in the country. In response to the needs of this rapidly growing sector, Colliers has launched its PRS investment management and commercialization service. The first project in Colliers’ portfolio is one of the newest investments from Atrium European Real Estate in Krakow.
Atrium European Real Estate’s investment is a six-storey building with nearly 5,000 sqm of residential space consisting of 109 flats for rent.
“Commercialization of new projects has accelerated and rental rates are rising, so after a short period of stagnation caused by the outbreak of the war, we expect to see more transactions,” says Michał Witkowski, Head of Living Services at Colliers.
“We are seeing growing interest in the PRS market in Poland – investments built for rent can be one of the solutions to cope with the insufficient supply of apartments,” says Agnieszka Krzekotowska, Senior Partner and Director of the Property Management at Colliers.
Gran Via expands residential project in Constanța
Gran Via Real Estate will invest €26 million in expanding the Gran Via Marina residential project in Constanța with two new blocks of flats that include 190 apartments.
The first phase of the project was delivered last year, with a total of 192 apartments. On completion, the project will have eight blocks with about 1,000 apartments, as well as numerous other related facilities.
“We are going through a difficult period in which we are facing an explosive increase of the prices for construction materials, energy and skilled labour on the one hand, and, on the other hand, we are facing a series of uncertainties given the Ukrainian border conflict. However, we believe that real estate investment remains good protection,” said Antoanela Comșa, President of Gran Via Real Estate.
The Bridge skyscraper obtains first SmartScore and WiredScore certificates in CEE
The Bridge, currently under construction in Warsaw, is the first office project in Central and Eastern Europe to receive the prestigious SmartScore and WiredScore certificates awarded to the most technologically advanced buildings in the world. Ghelamco’s investment received the highest possible rating at the Platinum level.
The first company authorized to conduct SmartScore certification in Poland was Colliers, which supported Ghelamco in this process.
“Reaching SmartScore Platinum is a landmark achievement for Ghelamco and for the real estate market in Poland and wider the CEE region,” says Tom McClellan, Country Director for UK & Ireland and Growth Markets at WiredScore.
The Bridge will offer a total of 47,000 sqm of office space for future users. Apart from SmartScore and WiredScore, Ghelamco’s latest skyscraper will also be certified in WELL, WELL Health Safety Rating, BREEAM, Green Building Standard and “Barrier-Free Building” systems.
“The Bridge will be an ultra-modern and ecological building on many levels, as already confirmed by the first SmartScore and WiredScore certificates awarded to Polish building,” said Jarosław Fiutowski, member of the board responsible for ESG strategy and innovation at Ghelamco Poland.
“SmartScore has set a global standard, and The Bridge has proven that Poland is a serious player in the market for truly smart buildings,” says Renata Hartle, Technology Solutions Manager at Colliers, who is also the first SmartScore accredited specialist in Central and Eastern Europe.
Chinese e-commerce giant JD.com takes 15,100 sqm at Panattoni Park Nadarzyn
Panattoni has leased out over 15,100 sqm to JD International Logistics in its newly completed Panattoni Park Nadarzyn. The developer has also completed the process of the building’s certification in the BREEAM International New Construction system at the level “Excellent”. With a score of 78.4 percentage points. The lease to JD.com was mediated by consultancy M4 Real Estate.
The new JD International Logistics centre near Warsaw will be the company’s second in Poland. “The Chinese giant intends to expand its activities. And so, its choice of location was carefully considered. The deciding factor was the superb location of our country in the centre of Europe and its great road, rail and flight connections with other countries,” says Marek Dobrzycki, Managing Director, Panattoni.
Panattoni Park Nadarzyn comprises one modern warehouse building with an area of over 54,000 sqm.
Unico leases additional 11,250 sqm from Logicenters
South Korean logistics company Unico is continuing to expand at BIK Wroclaw II. A pre-lease agreement has just been signed to lease an additional 11,250 sqm of Logicenters newly expanded facility in southern Poland.
The expansion is scheduled to be completed in September and is already attracting future customers.
Last summer, Logicenters announced its intention to expand beyond the Nordic region with the first venture in Poland. “Our logistics facility is rapidly growing in popularity. A major advantage is its perfect location near the A4 motorway exit, which many tenants appreciate enormously,” says Søren Rodian Olsen, Managing Director at Logicenters in Poland.