Join Craig Smith and Winston Norman on the Coffee with Craig Show for your daily dose of CRE news in the CEE region, brought to you by EuropaProperty.com.
Panattoni gets financing for Ruda Śląska project
Panattoni has been granted €16.5 million from Bank Gospodarstwa Krajowego (BGK) to develop its Panattoni Park Ruda Śląska IV project. A major tenant has already been acquired with Midocean leasing 21,000 sqm.
“Panattoni Park Ruda Śląska IV is a building in the very centre of the Silesian urban area, the region where we are most active and where investors and tenants show unwavering interest”, comments Karina Trojańska, the Chief Financing & Operating Officer at Panattoni.
Panattoni Park Ruda Śląska IV with its location in the centre of the Silesian urban area provides access to Poland’s borders with the Czech Republic to the South, Germany to the Northwest and Ukraine to the East, giving the location huge international potential.
Mitiska REIM and Karuzela Holding open new retail park development in Poland
Mitiska REIM announced the opening of a new retail park in Jastrzębie Zdrój, a city of 90,000 inhabitants in southern Poland. Developed in partnership with Karuzela Holding, this latest opening is the third retail park development opened by Mitiska and Karuzela Holding in the past nine months.
Grzegorz Pekalski, Member of the Board of Karuzela Holding, comments: “This latest retail park development is a good example of our de-risked development approach. We first acquired the site in an off-market transaction in 2021 and over the past three years have successfully managed the redevelopment process.”
Sylvie Geuten-Carpentier, Managing Partner at Mitiska REIM, adds: “We are now in the process of fundraising and deploying capital for our latest fund, MEREP 3, which we believe could become an exceptional vintage given the outstanding buying opportunities we are currently seeing in the market.”
CBRE Romania gets leasing mandate for H Știrbei Palace
CBRE Romania will be responsible for the leasing strategy of H Știrbei Palace, a new shopping gallery for luxury brands developed by Hagag Development Europe in central Bucharest.
In this mandate, the agency is focused on attracting premium and luxury retailers. “We aim to transform Știrbei Palace into the city’s luxury shopping destination and bring Calea Victoriei back among the world’s major shopping streets,” said Carmen Ravon, Head of Retail Occupiers CEE at CBRE Romania.
Last Autumn, Hagag Development Europe kicked off the construction works for the consolidation and repurposing of the building that will host H Știrbei Palace. The projects should be completed in 24 months.
