Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, June 23 with Winston Norman, Editor and Chief of EuropaProperty.com.
Equinox signs lease with Grupo Hotusa to operate hotels in Ljubljana
Equinox Real Estate, a public limited company on the Ljubljana Stock Exchange engaging in real estate leasing and development, has just negotiated a 20-year lease on the Grand Hotel Union, uHotel and Hotel Lev in Ljubljana. The deal was signed with the Hotusa Group, for a total rent exceeding €110 million. The operator search was exclusively organised by Cushman & Wakefield.
David Nath, Partner and Head of Central & Eastern European Hospitality Team at Cushman & Wakefield, commented: “This newly established partnership with Hotusa, a very well-recognised hotel operator with over 200 properties under operations, reflects the enduring appeal for Ljubljana’s tourism market and its projected strong recovery from the challenging last two years.”
Matej Rigelnik, Executive Director of EQUINOX d.d, said: “The company will continue to pursue the goal of democratization of real estate investment in Slovenia, as well as play an active role in the development of local communities and long-term sustainable business.”
Amancio López, Grupo Hotusa’s president, said: “It has been challenging to find opportunities to enter Slovenia, a country with a strong tourism industry, generating 12 percent of GDP.”
P3 buys urban plot in Katowice with Europe-wide potential
P3, the investor and developer of European warehouse facilities, has finalised the purchase of its third plot in southern Poland. At the same time, the acquisition is P3’s first investment in Upper Silesia, the second-largest warehouse market in the country.
Bartłomiej Hofman, Managing Director of P3 Logistic Parks in Poland says: “Upper Silesia has long been part of our investment plans. We want to develop there because of the region’s high economic potential.”
The plot is just under 5 hectares in size and will be built over with a facility of around 22,500 sqm. The building will be certified according to the BREEAM system at the “Excellent” level.
Karolina Adamczak, Senior Development Manager P3 Logistics Parks in Poland says: “The plot has a key location both from the macro perspective of the Polish warehouse market and also from a micro perspective, in terms of the Upper Silesia region.”
Yareal delivers newly-built apartments in Pozytywny Mokotów
Yareal has just completed the largest stage of the Pozytywny Mokotów residential estate. Located in Warsaw’s Służewiec district, the project is heralded as one of the most ecological residential projects to date – with three solar power plants, a 200-meter-long green walkway, and international BREEAM green building certification.
“We have created a private-public space that emphasizes the sustainable nature of our project. What’s more, electricity will be generated by three local photovoltaic power plants, providing power for each stage of the investment project,” explains Yareal Vice-President Jacek Zengteler.
The final stage of the investment, which will ultimately consist of 615 apartments in 7 residential buildings, is scheduled for completion in the third quarter of 2023.
Property Inspect, the award-winning and globally recognised provider of property inspection and operations software is delighted to announce its formal incorporation in Poland. Property Inspect has also been included...