PL

Good year for Goodman

Investment & finance
CEE REGION As of the end of the 2015 fiscal year, Goodman’s CEE assets under management have reached 833,000 sqm, up 68 pct on the previous year.

The development and management company’s strongest growth in the region was registered in Poland, where the Group doubled the size of its assets under management portfolio, to 607,000 sqm. Goodman now manages 47,000 sqm and 78,000 sqm in the Czech Republic and Slovakia, respectively. Its remaining 102,000 sqm is located in Hungary.

In its last financial year Goodman leased 113,000 sqm at existing CEE properties and committed to 192,000 sqm of new logistics space in the region. In terms of the planned logistics space Poland was the largest contributor with 166,000 sqm, of which 126,000 sqm has been pre-leased, mainly to new customers.

At the same time the company completed the construction of app. 338,000 sqm of warehousing space, the vast majority of which (328,000 sqm) was provided in Poland. The remaining 10,000 sqm was handed over at Goodman’s flagship development in Senec in Slovakia, where an additional 85,000 sqm of space can be delivered.

The Polish projects were driven by the completion of the 123,500 sqm facility leased to Amazon in Wrocław and the 82,400 sqm development leased to the Mousquetaires Group (Intermarché) in Poznań. The largest Goodman development to be delivered in the upcoming months is a 24,900 sqm warehouse for a leading FMCG distributor at Pomeranian Logistics Centre in Gdańsk.

Goodman also plans to deliver its first warehouses at three new logistics centres in Poland: Goodman Wrocław IV Logistics Centre, Goodman Poznań Airport Logistics Centre, and Goodman Gliwice Logistics Centre. Pre-lease commitments were coupled with speculative investments at these facilities, says the company.

In Hungary, Goodman aims to expand its portfolio through new developments at its land banks near Budapest. At the logistics centres in Gyál and Üllő, the developer has the capacity to construct a further 130,000 sqm of logistics space. The Group reached 100 pct occupancy in the Czech Republic and Hungary.

The company, which operates across Europe, the Asia-Pacific region, North America and Brazil, saw a 13.6 pct y-o-y increase in global assets under management, which reached EUR 20.9 bln in FY 2015.

Latest news

Warehouse & industrial

Poland Fully commercialised in Goleniów

schedule 15 July 2024
Opr./edited by JC

Panattoni has signed a lease contract for over 16,000 sqm in Panattoni Park Goleniów I with logistics operator Fiege. With this deal the entire 60,000 sqm park has been fully commercialised.

Material partner

Croatia Exclusive Auction: Unique Investment Opportunity in Istria

schedule 12 June 2024
Eurobuild CEE

Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This property, covering 1,603,903 sqm, is ideal for a mixed-use resort development near Vodnjan, a charming town in Istria, Croatia's top tourist region. The site is just a 15-minute drive from the seafront

Residential

Poland Not only for students

schedule 15 July 2024
Opr./edited by JC

The Collegia Group is launching another investment in the Tricity. A complex that will combine the functions of a student house, hotel and service space will be built at Grunwaldzka Avenue in Gdańsk.

Warehouse & industrial

Romania Continental Tires got 20,000 sqm

schedule 15 July 2024
Opr./edited by JC

VGP has completed the eighth building of VGP Park Timisoara with the handover of the warehouse to Continental Tires Timisoara. The company will use about 20,000 sqm for its tyre storage operations.

Investment & finance

Romania Revetas has sold The Landmark

schedule 15 July 2024
Opr./edited by JC

Revetas Capital announces the disposal of the office park The Landmark in Bucharest to Vectr Holdings, through its subsidiary Vectr Realty. Developed in 2017, the complex offers 23,700 sqm of office space.

Office & mixed-use development

Romania TMF relocates to America House

schedule 15 July 2024
Opr./edited by JC

TMF Group has signed a lease agreement for 1,700 sqm of office space at America House, the office building in Bucharest's CBD.

Investment & finance

Poland Vis à Vis changes hands

schedule 15 July 2024
Opr./edited by JC

Precordia Capital and Septyma have become holders of 66 pct of shares in the convenience retail park Street Mall Vis à Vis Wilanów. They acquired the shares from Capital Park.

ESG

Poland Craft is truly Outstanding

schedule 12 July 2024
Opr./edited by JC

The Craft office building, developed by Ghelamco in Katowice, has obtained BREEAM certification with the rating of Outstanding.

Warehouse & industrial

Poland TPL Logistic grows in Błonie

schedule 11 July 2024
Opr./edited by JC

TPL Logistic has expanded its presence at P3 Błonie park by leasing nearly 3,700 sqm warehouse and office space. This addition increases their total occupied space in the park to 5,000 sqm across two warehouses.

Investment & finance

Poland LifeSpot wants to expand

schedule 11 July 2024
Opr./edited by JC

LifeSpot, owned by funds managed by Ares Management and Griffin Capital Partners, has secured access to further capital from both parties. The investment will be used to support the development of rental housing and expand the platform’s presence within Poland’s private rental sector.

Retail & leisure

Romania Food market to open at One Gallery

schedule 10 July 2024
Opr./edited by JC

One United Properties announced the lease of a retail space with a GLA of 3,600 sqm on the ground floor of One Gallery building, including terraces and storage spaces. The contract has been signed with Tomcat Hospitality.

Warehouse & industrial

Poland Sport-Shop takes up 13,000

schedule 10 July 2024
Opr./edited by JC

Panattoni has launched construction work on a new centre – Panattoni Park Bieruń I. The project has an area of almost 20,000 sqm and it has already found the first tenant.

Office & mixed-use development

Poland Full insurance at B4B

schedule 09 July 2024
Opr./edited by JC

Bonarka for Business "B4B", office complex located in Kraków, has secured a new lease with ZUS (The Social Insurance Institution). The company has leased 2,400 sqm office space in building D.

Warehouse & industrial

India Panattoni debuts in India

schedule 08 July 2024
Opr./edited by JC

Panattoni has announced the groundbreaking ceremony of Panattoni Park NH71 in Delhi NCR. This project marks Panattoni's strategic entry into the Indian market.

Investment & finance

Poland Xior has bought LivinnX

schedule 08 July 2024
Opr./edited by JC

On behalf of private investors, together with CA Ventures and Golub & Co., Savills has completed the sale of LivinnX, a PBSA building in Kraków. The buyer is Xior.

Warehouse & industrial

Romania Crane is moving to Arad

schedule 08 July 2024
Opr./edited by JC

Crane ChemPharma & Energy has secured a lease for 3,000 sqm of production space within Industra Park Arad in Romania, developed by Oresa Industra. The global industrial manufacturer is a subsidiary of Crane Company.

Investment & finance

Czech Republic Czech crowns from Accolade

schedule 08 July 2024
Opr./edited by JC

Accolade has become the first issuer of green bonds in the Czech currency. Initially, the planned issue of CZK 1.5 billion was sold out within a week, which is why the company decided to double the volume.

Investment & finance

Poland New player on the Warsaw PBSA market

schedule 04 July 2024
Opr./edited by ANZ

BPI Real Estate Poland, in cooperation with Acteeum Group, has sold a plot of land in Warsaw to Romanian-Belgian developer Speedwell. The transaction inaugurates Speedwell's activities on the Polish real estate market. The company will develop its first private student house in Poland.

Warehouse & industrial

Poland Panattoni Park Koluszki is fully leased

schedule 03 July 2024
Opr./edited by JC

Panattoni has completed the commercialisation of Panattoni Park Koluszki and launched work to extend the centre by 14,000 sqm. Current tenants, Kamoka and Pet Republic, have taken the decision to lease the additional space.

Office & mixed-use development

Czech Republic The New Danube House

schedule 03 July 2024
Opr./edited by ANZ

CA Immo starts refurbishment of Danube House office building in Prague. It will be extensively renovated to high design standards that put people at the centre. Construction is set to begin in Q4 2024, and full operations will commence in Q1 2026.

Latest in Investment & finance

schedule 15 July 2024

Revetas has sold The Landmark

Revetas Capital announces the disposal of the office park The Landmark in Bucharest to Vectr Holdings, through its subsidiary Vectr Realty. Developed in 2017, the complex offers 23,700 sqm of office space.

schedule 15 July 2024

Vis à Vis changes hands

Precordia Capital and Septyma have become holders of 66 pct of shares in the convenience retail park Street Mall Vis à Vis Wilanów. They acquired the shares from Capital Park.

schedule 11 July 2024

LifeSpot wants to expand

LifeSpot, owned by funds managed by Ares Management and Griffin Capital Partners, has secured access to further capital from both parties. The investment will be used to support the development of rental housing and expand the platform’s presence within Poland’s private rental sector.

schedule 08 July 2024

Xior has bought LivinnX

On behalf of private investors, together with CA Ventures and Golub & Co., Savills has completed the sale of LivinnX, a PBSA building in Kraków. The buyer is Xior.

schedule 08 July 2024

Czech crowns from Accolade

Accolade has become the first issuer of green bonds in the Czech currency. Initially, the planned issue of CZK 1.5 billion was sold out within a week, which is why the company decided to double the volume.

schedule 04 July 2024

New player on the Warsaw PBSA market

BPI Real Estate Poland, in cooperation with Acteeum Group, has sold a plot of land in Warsaw to Romanian-Belgian developer Speedwell. The transaction inaugurates Speedwell's activities on the Polish real estate market. The company will develop its first private student house in Poland.

schedule 03 July 2024

Komerční banka sales iconic Wenceslas Square office building

The City of Prague has purchased the historic building at Václavské náměstí 42 for more than CZK 3.3 bln (EUR 131 mln). Prague intends to move several hundred of its officials from various locations into the office building. The seller was Komerční banka.

schedule 02 July 2024

Refield sells a package of retail properties

Two more retail parks, Pasaż Kępiński and Pasaż Grodziski, have passed into the hands of investment fund Falcon Investment Management. Earlier, the fund acquired Pasaż Golubsko-Dobrzyński in 2022. The total value of the transaction amounts to more than PLN 150 mln.

schedule 27 June 2024

Lastadia changes hands

SCPI Transitions Europe managed by Arkéa Real Estate Investment Management has acquired Lastadia Office, a fully let office building located on an island by the western bank of the Oder River in Szczecin. The vendor was Greenstone Asset Management.

schedule 24 June 2024

BGK is financing in Silesia

Panattoni has been granted EUR 16.5 mln in financing from Bank Gospodarstwa Krajowego for the development of its Panattoni Park Ruda Śląska IV project. Construction work was launched in March on 34,000 sqm of warehousing space.

schedule 18 June 2024

CTPark Warsaw West will be bigger

CTP has purchased an 85,000 sqm investment plot in the Wiskitki municipality near Warsaw. The purchase of the land will allow the company to expand the CTPark Warsaw West complex by an additional 36,000 sqm.

schedule 17 June 2024

Liberty Residence with a new owner

Resi Capital has acquired a plot of land at the junction of Grzybowska and Żelazna Streets in Warsaw. According to the preliminary concept presented, Liberty Residence is to be a high-rise project and will deliver around 500 flats.

schedule 17 June 2024

Panattoni has financing for another park

Panattoni has been granted bank financing for Panattoni Park Zgierz. The EUR 23.3 mln loan was issued by PKO Bank Polski.

schedule 14 June 2024

Immofinanz sells Warsaw office complex to Echo

Immofinanz has finalised the sale of the three Empark office buildings in Warsaw's Mokotów district to Archicom for EUR 28.5 mln. 

schedule 11 June 2024

Eastnine buys from Skanska (again)

Skanska has sold the Nowy Rynek E office building for over EUR 79 mln. The buyer is Eastnine AB, a Swedish real estate company focused on office premises at selected markets in the Baltics and Poland.

schedule 10 June 2024

mBank finances four retail parks

Mitiska REIM has secured a EUR 40 million refinancing with mBank for a portfolio of four Polish food-anchored retail parks. Representing a combined GLA of nearly 34,000 sqm, the convenience centers are located in the cities of Września, Turek, Lubliniec and Wodzisław Śląski.

schedule 06 June 2024

Retail park in Bielsko-Biała is sold

A retail park in Bielsko-Biała being developed on the site of a Tesco shop on ul. Warszawska, has a new owner. Redkom Development, responsible for the construction and commercialisation of the facility, has sold the project to Newgate Investment.

schedule 04 June 2024

Czechs are still moody

Despite the current weakening of investment activity in the CEE region, investment volumes in commercial real estate in the Czech Republic posted a 36 pct year-on-year increase in Q1 2024. Colliers informs that a total of EUR 545 million in capital was invested in the Czech Republic during this period.

schedule 04 June 2024

Huge deal for Greenstone

Private equity fund Greenstone has acquired an almost 80 pct stake in a special purpose vehicle owning the Format office building in Gdansk in what is the first big-ticket office transaction in Poland’s regional cities since 2022.

schedule 29 May 2024

Sale of a large portfolio in Germany

S Immo has concluded contracts to sell a large portfolio consisting of 18 German commercial and one residential property with a total property transaction value of EUR 255 mln through separate share and asset deals.

Edition 6 (289) June 2024

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