Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, July 27 with Winston Norman, Editor and Chief of EuropaProperty.com.
Warimpex acquires office building in Łódź
Warimpex has acquired the Red Tower office building in the Polish city of Łódź. This is Warimpex’s third investment in the city, following the andel’s hotel and Ogrodowa Office.
Franz Jurkowitsch, CEO of Warimpex, said, “For many years we have been watching Łódź develop and attract more and more Polish and foreign companies. With a solid business environment, a highly qualified workforce, and a well-developed infrastructure, we see great potential in the local office market..”
Located in the heart of the city, the building is one of the tallest. It was built in 1978 and underwent extensive modernisation between 2006 and 2008, including the replacement of its facade with a brick one, and thus became the Red Tower office building.
Element Industrial signs €23 million financing from Alpha Bank Romania
Romanian real estate developer Element Industrial has received financing of €23 million from Alpha Bank Romania for the development of the first two phases of the ELI Park 3 project, part of the ELI Park Bucharest North West hub.
The first phase of ELI Park 3, with an area of 18,500 sqm, was delivered this spring and is fully leased. In the second phase of 30,000 sqm has already exceeded 75 percent occupancy and the deadline for completion is the fourth quarter of the current year.
”The financing line covers the development of the first two phases of ELI Park 3 within the hub we are developing,” said Andrei Jerca, Managing Director, Element Industrial.”
“The ELI Park 3 financing offered by Alpha Bank supports the development plans of Element Industrial in a very competitive market,” said Periklis Voulgaris, Executive Vice President of Wholesale Banking at Alpha Bank Romania.
Good ESG practices drive new warehouse and logistics business says report
Panattoni has co-authored a report on sustainability in European logistics and supply chains. The report was produced in partnership with law firm HFW and Analytiqa. According to nearly 80 percent of respondents, actions aimed at reducing the carbon footprint of their operations will be key in the next five years. In the case of warehouse and production space, this means measures aimed at reducing operating costs by selecting suitable solutions to improve the energy efficiency of buildings.
The survey asked respondents what drives manufacturers, traders and logistics operators to be more sustainable in their business. The most important driver for ESG action proved to be the need to meet regulatory and legal requirements. Another – is the desire to make a positive impact on the environment.
“However, the road to sustainability is not an easy one. Many companies in the logistics supply chain operate under high-cost pressure, huge competition and low margins. Hence, spending on implementing sustainability initiatives is a challenge for almost two-thirds of companies,” says Emilia Dębowska, Sustainability Director at Panattoni.
“Whilst it is encouraging that the majority of respondents are using ESG targets in the tendering processes, this is clearly an area for further,” says Matthew Gore, Partner at HFW.