Coffee with Craig Show – daily CRE news covering the CEE region, Monday, October 3, with Winston Norman, Editor and Chief of EuropaProperty.com.
Macquarie provides DL Invest €123.4 million for further investment growth
Macquarie has provided €123.4 million in the form of a senior secured loan to DL Invest Group. The three-year facility will be funded using capital from Macquarie’s balance sheet.
The loan is secured against 10 modern logistics assets across Poland, comprising 193,000 sqm constructed by DL Invest Group over the last 5 years and is fully let to major international companies.
Alexi Antolovich, Global Co-Head Real Estate, Macquarie Capital Principal Finance said: “This transaction shows the strength of Macquarie’s balance sheet and our ability to find capital solutions anchored in a strong portfolio managed by an excellent team at DL Invest Group, notwithstanding the challenging macroeconomic environment.”
Dominik Leszczynski, CEO of DL Invest Group said: “Macquarie was pragmatic throughout the process, in a period of heightened volatility for Polish capital markets. We worked together to create a bespoke transaction that allows DL Invest Group to continue its strong investing track record”
Atenor & Ennismore to open a new hotel in Warsaw
TRIBE Warsaw Airport will be a sustainable hotel development inside Atenor’s FORT 7 project. It will have 266 rooms and be operated by Ennismore.
FORT 7 will be a modern, multifunctional, sustainable project close to the airport. Spread over 200,000 sqm. The first phase will include a hotel as well as three office properties.
“We’re extremely excited TRIBE will be part of FORT 7, as it’s deep-rooted in sustainability, which matches with TRIBE’s ethos of simple, functional, and non-wasteful,” said François Leclerc, Deputy Brand COO for TRIBE at Ennismore.
“Atenor’s Sustainable Policy to sustainable architecture and construction, and the resulting reliance on the highest quality standards, allow us to shape the urban landscape in Warsaw and create a new city quarter focussed on the needs of Fort 7 occupiers and residents,” commented Sven Lemmes, Executive Officer of Atenor.
Accolade completes its largest park in Poland
Park Szczecin, a multi-phase warehouse complex on 46 ha, offering 230,000 sqm of industrial space and fully leased, is the biggest park in Accolade’s Polish portfolio. The last hall of the park has been completed and handed over to the park’s largest tenant – AUTODOC Logistics.
Park Szczecin Załom is a brownfield investment. The biggest tenant is AUTODOC Logistics. Another big and well-known tenant is DHL.
“Accolade foresaw the potential of Szczecin many years ago. The growing demand for warehouse space in the Szczecin region confirms that it was the right choice, and we are strengthening our position here by securing the locations for our next projects,” says Lukas Repal, Chief Operating Officer, Accolade.
“Entering into further cooperation with Accolade in Szczecin seemed to us an obvious follow-up to the positive relationship and common business experience in Poland and in the Czech Republic,” commented Sven Herrmann, Senior Vice President of Supply Chain Management at AUTODOC.
“We want to be a long-term partner of the city and the entire region,” summarizes Milan Kratina, CEO of Accolade Group.
Multi completes €18 million refurbishment of Allee Center
Multi Corporation has completed the refurbishment of Allee Center in Budapest. The entire renovation cost around €18 million, including a significant investment in sustainability to pave the way to carbon neutrality.
Allee Center is owned by Allianz, represented by Allianz Real Estate, and an investor represented by CBRE Investment Management. Multi Corporation manages the shopping centre.
Following the refurbishment, the project has received an ‘outstanding’ rating from BREEAM-In-Use for its building management. It is the first shopping mall in Hungary to ever receive an ‘outstanding’ rating from BREEAM.
Luca Maganuco, Senior Managing Director of Multi in Italy, Hungary and Slovakia, explains: “Allee is the first shopping centre in Hungary and the Central Eastern European region to have undergone such a significant transformation to both increases the visitor experience and enhance sustainability.”
Lars Fröhling, Head of Asset Management North & Central Europe at Allianz Real Estate, said: “A positive user experience is fundamental within retail as the sector continues its recovery post-pandemic.”
Philippe Brand, Senior Portfolio Manager at CBRE Investment Management, said: “The renovation has been transformational.”