Coffee with Craig Show – daily CRE news covering the CEE region Monday, July 25 with Winston Norman editor and chief of EuropaProperty.com
The Polish investment market recorded 32 investment deals in Q2 2022, which exceeded €1.2 billion, says Avison Young. “The dynamically changing and testing economic environment is not reflected in Poland’s investment market results so far. Q2 2022 delivered a good outcome, contrary to the conservative expectations,” commented Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young.
AFI Europe Czech Republic announced the completion of the Tulipa residential project on a five-hectare brownfield site in Prague 3. This latest, fifth phase with an eight-storey apartment building cost the developer more than CZK 250 million and will be the only one dedicated exclusively to rental housing with 61 apartments. “Along with the 61 apartments in our first completed rental housing project, we currently have more than 800 more rental units under construction under the AFIHOME brand,” comments Elena Pisotchi, Sales and Marketing Manager at AFI Europe.
A leading global logistics company is to operate on 32,000 sqm built-to-order facility, which is being developed by Panattoni near Poznań. The developer will prepare about 23,000 sqm for automated parcel sorting, which will take place on three levels. In addition, approximately 300 reloading docks are under construction. According to the client’s requirements, Panattoni will also provide an increased load-bearing capacity for the floor. Over 800 people will be employed in the facility. The project is to be BREEAM certified. The client will gain access to the property in late 2022 or early 2023. “By opting for a BTO project, the company can be sure that Panattoni will deliver a tailor-made product on time and of a high quality,” explains Panattoni’s Development Director, Katarzyna Kujawiak.”
