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.
Romania’s Property Investment Market Could Reach €1 Billion in 2024
Romania’s commercial property market is set to hit €1 billion in investments in 2024, according to Colliers. In the first half of the year, deals worth €419 million were completed, including CTP’s €168 million purchase of Globalworth’s industrial portfolio and WDP’s €90 million acquisition of Expo Market Doraly. The office sector saw Vectr Holdings and AFI Europe make key purchases. Colliers highlight industrial properties as the top investment, with ESG standards and financing playing a major role in transactions.
“Industrial remains the favourite sector, followed by retail and residential, where financing decisions are based on the viability and sustainability of each project,” says Anca Merdescu at Colliers Romania.
Deutsche Hypo Finances Office Building in Krakow for Eika Asset Management
Deutsche Hypo provided €18 million to finance the BIG office building in Krakow for Eika Real Estate Fund. The building, completed in 2018, spans 11,000 sqm, housing companies like State Street Bank International. It boasts sustainable features, including a BREEAM New Construction Excellent certification. “Deutsche Hypo is excited to support Eika with this modern and eco-friendly property,” says Beata Latoszek, Head of the Warsaw Representative Office of Deutsche Hypo – NORD/LB Real Estate Finance.
Asian Manufacturer Leases 23,000 sqm at MLP Poznań West
An Asian manufacturer has leased 23,000 sqm of space at MLP Poznań West logistics park, following a global trend of relocating production closer to markets. The facility will be eco-friendly, using heat pumps and solar panels, and aims to achieve BREEAM ‘Excellent’ certification. The project, expected to be completed in 2025, is part of MLP Group’s growth strategy in Europe’s logistics market.
“Establishing a partnership with a Chinese manufacturer of automotive parts is a strategic step towards implementing our vision of supporting the global nearshoring trend,” says Agnieszka Góźdź of MLP Group.
Imagine Office Complex in Łódź Achieves WiredScore Certification
The Imagine office complex in Łódź has been awarded the prestigious WiredScore Gold certification for its top-notch digital connectivity and tech infrastructure. The complex, completed in 2019, offers 17,200 sqm of office and retail space and has attracted major tenants like EY, Asseco, and Philips. The certification confirms Imagine’s commitment to providing cutting-edge digital solutions and high standards for its occupants.
“When we started developing Imagine, already at the design stage we assumed a high level of digital connectivity, including technology which meets the ever-evolving demands of the occupiers,” said Andrzej Borówka, Head of Property Management at Avestus Real Estate in Poland.
