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.
CTP leases over 100,000 sqm across Hungary to automotive industry logistics specialist
CTP has leased over 100,000 sqm of logistics space across its business parks in Hungary to a Korean logistics specialist for the automotive industry. CTP’s latest tenant, which serves some of the largest e-automotive companies in Europe, is taking new space and expanding in multiple CTParks across the country.
Ferenc Gondi, Managing Director for CTP Hungary, said: “The CEE, and Hungary especially, is becoming an increasingly strategic location for the automotive industry.”
The CEE region has established itself as a highly efficient automotive manufacturing hub worldwide. Within the six CEE countries, there are a total of 33 car manufacturing plants, and the region surpassed Germany in nominal car production in 2022. Eurostat data shows that car production in the CEE has increased by almost 50 percent over the past eight years, reflecting the Foreign Direct Investment (FDI) inflows and illustrating the strength of the CEE region as the leading production location in Europe.
LemonTree launches new investment project in Szczecin
Developer LemonTree is starting another investment project, this time located in the capital of West Pomerania in Poland. WestSide Szczecin will deliver nearly 31,000 sqm of warehouse and office space, equipped with solutions that reduce the building’s environmental impact. The facility is scheduled to be commissioned in February 2025.
“Well-developed infrastructure, including the proximity of the seaport, numerous universities and research institutions, as well as highly qualified experts – all these factors make Szczecin an extremely attractive location from the perspective of tenants and investors,” says Maciej Krawiecki, COO, Head of Development and Leasing at LemonTree.
“LemonTree operates based on a sustainable business model. This is the foundation of our activities and a market advantage that not only benefits the environment but also provides long-term economic benefits for all stakeholders,” says Bartłomiej Krawiecki, CEO of LemonTree.
Suburban retail park near Warsaw rebranded to BIG łubna
Glinianka Park in Łubna, in the southern suburbs of Warsaw, has changed its brand name to BIG Łubna. After its acquisition by BIG Poland in April this year, it becomes the third retail park to join BIG’s portfolio in Poland.
“We are convinced that the advantages of BIG Łubna will strengthen its position not only as the first-choice shopping centre but also as a central hub for local social life,” said Eran Levy, CEO of BIG Poland.
The shopping complex has an area of 10,200 sqm GLA. The shopping offer includes a Carrefour supermarket and stores such as Dealz, Home Landia, Jysk, KIK, Maxi Zoo, Pepco, Rossmann, Sinsay, Tedi, and Verona.