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.
Refield sells two retail parks in Poland
Developer Refield has sold two retail parks, Pasaż Kępiński and Pasaż Grodziski, to Falcon Investment Management. These two assets, totalling 22,000 sqm GLA, completed by Refield in late 2023, have a total value of around €35 million.
This transaction is part of Falcon Investment Management’s long-term development strategy to create a modern network of retail parks under the OTO Park brand. “Today, we have almost 62,000 sqm of modern retail space in our portfolio, but by the end of this year, this value will increase significantly”, commented Piotr Piechocki, founder and CEO of Falcon Investment Management.
All parks purchased by Falcon Investment Management have been fully leased by Refield. “We are handing over to the Falcon fund two more retail parks we have built, but also fully commercialised. The tenants include the most popular retail brands, which are a guarantee of business success”, said Fabian Eryk Barbarowicz, CEO of Refield.
Panattoni signs major lease expansion in Wrocław
Panattoni has secured a significant lease expansion at the Wrocław South Logistics Hub. A leading e-commerce operator, currently leasing 55,000 sqm, will increase its space to nearly 180,000 sqm. The expansion includes Hall B (91,000 sqm) and Hall C (34,000 sqm), with advanced automated systems and BREEAM Excellent certification.
Damian Kowalczyk, Development Director at Panattoni, highlights this expansion as a testament to Lower Silesia’s strong logistics position. The hub, located 15 km from Wrocław, provides strategic access to key roads, enabling efficient distribution across Poland and to Western Europe.
VGP developing new facilities for Verne in Zagreb
VGP is developing a new business park, VGP Park Zagreb, in Lucko near Zagreb, Croatia. Spanning 8 hectares, the park will offer 28,500 sqm to Verne for its flagship urban autonomous mobility project. The site, announced at the Rimac Campus, will support Verne’s autonomous electric vehicle and mobility service platform, aiming to launch robotaxi services in Zagreb by 2026, and in the UK and Germany by 2027.
VGP is proud to contribute to this project, with construction starting this summer, and the facility is designed to meet BREEAM Excellent certification and EU Taxonomy Regulation environmental targets. The park is strategically located 10 km from Zagreb and 15 minutes from the airport, ensuring excellent connectivity.
