PL

W. P. Carey acquires Służewiec building

Investment & finance
POLAND CPA:17 – Global, a non-traded REIT managed by W. P. Carey, has acquired the app. 22,600 sqm new headquarters of Polkomtel’s Plus mobile network in Warsaw’s Służewiec district.

The newly opened, six-storey Multimedialny Dom Plusa office building features flexible layout and two floors of underground car park. Developed and managed by White Stone Development, it is entirely leased out to Polkomtel. The initial lease term is 10 years and includes annual Eurozone CPI-based rent escalations, informs W. P. Carey.

"This net lease transaction enhances our presence in Poland, a rapidly growing economy in Central Europe. (…) The creditworthiness of the guarantor and the attractiveness of the asset, along with the long lease term, make this acquisition a strong addition to the CPA:17 – Global portfolio," said Christopher Mertlitz, vice president at W. P. Carey. The building’s architectural concept is the work of the Kuryłowicz & Associates studio.

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Warehouse & industrial

Romania Cargus opens its new hub in Sibiu

schedule 17 May 2024
Opr./edited by ANZ

CTP expands its partnership with Cargus, a courier company in Romania, with the inauguration of a new location in Sibiu.

Material partner

Poland Excellent Fern at Off Piotrkowska

schedule 04 April 2024
Eurobuild CEE

Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.

Office & mixed-use development

Poland UBC II will be modern again

schedule 17 May 2024
Opr./edited by ANZ

Atenor, the Belgian developer responsible for the Lakeside development in Warsaw's Mokotów district, intends to renovate the neighbouring UBC II building. The project received planning permission in March this year.

Office & mixed-use development

Poland Axi Immo stays in the tower

schedule 16 May 2024
Opr./edited by ANZ

Axi Immo has decided to extend its existing lease and add new space for its growing business lines in Warsaw's Spektrum Tower office building.

Warehouse & industrial

Romania VGP Park Bucharest North will grow

schedule 16 May 2024
Opr./edited by ANZ

VGP, a European provider of logistics spaces and semi-industrial real estate, has initiated the construction of the third building in VGP Park Bucharest North (A3). Building A covers an area of almost 26,000 sqm and has already two tenants, who have signed lease contracts for a total of more than 8,000 sqm.

Investment & finance

Poland Cromwell sells Polish retail portfolio

schedule 16 May 2024
Opr./edited by ANZ

Real estate investor and fund manager Cromwell Property Group has announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund to Star Capital Finance for EUR 285 mln.

Investment & finance

Poland Studio B with a new owner

schedule 16 May 2024
Opr./edited by JC

Skanska has sold the Studio B office building in Warsaw to Stena Real Estate for EUR 86 mln. This is already third transaction between the two parties in Central and Eastern Europe.

Investment & finance

Slovenia Hotel Austria Trend is sold

schedule 15 May 2024
Opr./edited by ANZ

Peakside Capital and Generali Investments Slovenia have sold, on behalf of Generali Adriatic Value Fund, the Austria Trend hotel located in the Slovenian capital.

Warehouse & industrial

Germany Garbe hands over its new warehouse

schedule 15 May 2024
Opr./edited by ANZ

Garbe has completed a distribution warehouse it developed in Holzgerlingen, south of Stuttgart, Germany, with a total area of around 14,500 sqm. The property was now officially handed over to Edeka Südwest.

Investment & finance

Poland Millions for MLP

schedule 15 May 2024
Opr./edited by JC

ING Bank Śląski has agreed to lend more than EUR 26.8 mln to MLP Group. The purpose of the loan is to refinance existing projects spanning an area of 58,200 sqm, and finance the construction of another 21,700 sqm of warehouse facilities within the MLP Poznań and MLP Poznań II logistics parks.

ESG

Poland LEED by the seaside

schedule 14 May 2024
Opr./edited by JC

Sopot Marriott Resort & Spa, inaugurated in 2012, has been awarded the LEED Gold certification in the Operations and Maintenance category, granted to existing buildings.

Office & mixed-use development

Poland Engineers will move into Brain Park

schedule 14 May 2024
Opr./edited by ANZ

Volvo Tech Hub will occupy 10,000 sqm of space in the Brain Park C building owned by Echo Investment. The new part of Volvo Car Poland will move into the Kraków office building in stages, starting in September 2024. 

Investment & finance

Poland mBank finances City Logistics Kraków III

schedule 14 May 2024
Opr./edited by JC

Panattoni has received financial support for the development of the City Logistics Kraków III project. The EUR 21 mln loan granted by mBank will make it possible to finalise the construction of the logistics park, located in Kraków’s Nowa Huta district.

Warehouse & industrial

Poland 7R partners up with Wood & Company

schedule 13 May 2024
Opr./edited by JC

7R has started a partnership with Wood & Company to jointly realize the development of 7R Park Tczew III. The first of four warehouses, mostly leased by ESA logistika Polska, has just been commissioned by Dekpol Budownictwo, while further halls are in the pipeline.

Investment & finance

Poland Real money for Real Management

schedule 13 May 2024
Opr./edited by JC

Real Management has signed a loan agreement with mBank for over EUR 14 mln in funding for construction of the Good Point V warehouse and production park in Łubna.

Warehouse & industrial

Poland Neopak has chosen Panattoni

schedule 13 May 2024
Opr./edited by JC

Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.

Office & mixed-use development

Poland Office House won't get any higher

schedule 13 May 2024
Opr./edited by JC

The Office House building in the Towarowa 22 project has reached its target height of nine floors. Installation of energy-efficient glass has begun on the façade.

Eurobuild CEE

Poland The May issue of "Eurobuild" is already on the shelves!

schedule 13 May 2024
Eurobuild CEE

The May issue of "Eurobuild" has already been published, as usual, full of interesting articles and professional analyses! Lovers of news in the fields of technology, investments, finance, PRS, retail and logistics will not be bored!

Office & mixed-use development

Poland Eurocash stays at Diuna for longer

schedule 10 May 2024
Opr./edited by ANZ

Eurocash Group is staying at the Warsaw office complex, part of the portfolio of Pine Bridge Benson Elliot and Syrena Real Estate, for the next few years. Eurocash has signed a lease for four floors in Building A at Diuna, totalling nearly 4,600 sqm.

Investment & finance

Poland Another large transaction for Panattoni

schedule 10 May 2024
Opr./edited by ANZ

A specialist real estate investor has purchased the Panattoni Park Poznań XI for EUR 92.5 mln. The centre is one of the main logistics hubs for a leading European fashion platform for its operations.

Latest in Investment & finance

schedule 16 May 2024

Cromwell sells Polish retail portfolio

Real estate investor and fund manager Cromwell Property Group has announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund to Star Capital Finance for EUR 285 mln.

schedule 16 May 2024

Studio B with a new owner

Skanska has sold the Studio B office building in Warsaw to Stena Real Estate for EUR 86 mln. This is already third transaction between the two parties in Central and Eastern Europe.

schedule 15 May 2024

Hotel Austria Trend is sold

Peakside Capital and Generali Investments Slovenia have sold, on behalf of Generali Adriatic Value Fund, the Austria Trend hotel located in the Slovenian capital.

schedule 15 May 2024

Millions for MLP

ING Bank Śląski has agreed to lend more than EUR 26.8 mln to MLP Group. The purpose of the loan is to refinance existing projects spanning an area of 58,200 sqm, and finance the construction of another 21,700 sqm of warehouse facilities within the MLP Poznań and MLP Poznań II logistics parks.

schedule 14 May 2024

mBank finances City Logistics Kraków III

Panattoni has received financial support for the development of the City Logistics Kraków III project. The EUR 21 mln loan granted by mBank will make it possible to finalise the construction of the logistics park, located in Kraków’s Nowa Huta district.

schedule 13 May 2024

Real money for Real Management

Real Management has signed a loan agreement with mBank for over EUR 14 mln in funding for construction of the Good Point V warehouse and production park in Łubna.

schedule 10 May 2024

Another large transaction for Panattoni

A specialist real estate investor has purchased the Panattoni Park Poznań XI for EUR 92.5 mln. The centre is one of the main logistics hubs for a leading European fashion platform for its operations.

schedule 09 May 2024

ZDR is expanding into Slovenia

The property map of ZDR Investments funds expanded, thanks to the acquisition of three retail parks in the towns of Prevalje, Ravne, and Slovenj Gradec in the northern part of Slovenia. 

schedule 06 May 2024

Immofinanz sells the tower

Euro Real Estate, a member company of the Wilhelm von Finck Group, acquired the City Tower Vienna from Immofinanz. With a purchase price of more than EUR 150 mln, this sale is the largest transaction in the office segment of Austria’s real estate market to date in 2024.

schedule 06 May 2024

Sona will take a piece

CPI Property Group has signed a commitment agreement with British company Sona Asset Management regarding a proposed equity investment of EUR 250 mln in Poland.

schedule 25 April 2024

Newgate buys from Redkom

Redkom has announced that it has finalised the sale of a retail park under construction in Bielsko-Biała to Newgate Investment. The 17,000 sqm retail park is scheduled to open in November this year.

schedule 25 April 2024

A window for investment opportunity

Experts gathered at ULI Poland's annual Game Changers in the Real Estate World conference agreed that current market conditions are creating a window of opportunity for real estate investors willing to act quickly and thoughtfully. Smaller transactions by regional players dominate for the time being, but there is hope for a gradual return of major international players to the Polish property market.

schedule 24 April 2024

Helaba to co-finance 'Le Coeur' project for Hines

Helaba will act as lead manager for its long-standing client Hines in conjunction with the three savings banks in North Rhine-Westphalia, Stadtsparkasse Düsseldorf, Sparkasse KölnBonn and Kreissparkasse Köln, to finance the construction of the 'Le Coeur' project in Dusseldorf. The project has a total lending volume of EUR 270 mln.

schedule 22 April 2024

Mount TFI introduces fund of global REITs to WSE

The first fund investing in REITs, Mount Globalnego Rynku Nieruchomości FIZ, made its debut on the Warsaw Stock Exchange.

schedule 19 April 2024

Panattoni Park Voerde changes hands

Panattoni has completed a sales transaction in Germany. Clarion Partners Europe has acquired a prime logistics hub for EUR 75 mln near Duisburg.

schedule 18 April 2024

Flats, offices and hotels on the agenda

One United Properties has unveiled its strategy for the coming years. It plans to triple its residential offer by 2030, expand its commercial sector and build hotels in Bucharest in partnership with global brands.

schedule 18 April 2024

EUR 1.5 bln on acquisitions in Poland

Baltisse and Straco Real Estate acquire majority stake in Speedwell, expanding reach into Romania and entering Polish market. Speedwell wants to spend at least EUR 1.5 bln on acquisitions in Poland in the coming years. 

schedule 15 April 2024

Retail is strong in Romania

According to the special research report Romania Retail Destinations 2024, released by CBRE Romania, by the end of 2024 the stock of modern retail spaces in the country will overpass 4.5 mln sqm. It will set a new record for Romania.

schedule 10 April 2024

Big splash in Silesia

Mitiska REIM has sold a 6.7ha land plot to Momentum Leisure to develop a theme and water park which will further reinforce the offering of the Europa Centralna retail center, located in Gliwice.

schedule 08 April 2024

Additional loan for Hillwood

Hillwood has increased its loan with Millennium Bank to EUR 29 mln for the construction of phase II of the Park Hillwood Zgierz I project, located in Central Poland, 2.5 km from the A2 motorway entrance and 15.5 km from the A1 motorway junction.

Edition 5 (288) May 2024

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