PL

POLAND Polsat set to buy Port Praski

Investment & finance
Polish multimedia group Polsat Plus aims to invest PLN 880 mln in acquiring a 66.94 pct stake in Port Praski, which owns 38 ha in Warsaw’s Praga district where 800,000 sqm could eventually be developed.

Greenberg Traurig is providing legal advice to the group’s subsidiary Cyfrowy Polsat in connection with the planned acquisition as well as for its bid to buy the green assets of ZE PAK through acquiring a 67 pct stake in the latter’s green power generation subsidiary PAK-Polska Czysta Energia.

Port Praski is an absolutely unique investment in Europe. It is 38 ha of investment land and about 800,000 sqm of development in the very centre of Warsaw. There is no other such location and there will not be in the future. We want to invest in a fully self-sufficient district, combining office, residential, commercial and public buildings. Port Praski involves the strategic revitalisation of the Praga district of Warsaw and is a unique investment opportunity. We also want Port Praski to be "green", hence our plans related to the use of photovoltaics and geothermal energy in the Port.
Maciej Stec, the vice-president of the management board for strategy at Cyfrowy Polsat and Polkomtel (subsidiaries of Polsat Plus Group)

The closing of the transactions are subject to the fulfilment of the conditions precedent set forth in the preliminary agreements.

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ESG

Poland BIK Park Sosnowiec II is now BREEAM certified

schedule 15 April 2024
Opr./edited by ANZ

BIK Park Sosnowiec II has successfully passed the BREEAM certification at the Very Good level. Last year, BIK Park Wrocław I and II - two other properties from the portfolio of Biuro Inwestycji Kapitałowych - went through the same assessment process.

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.

Investment & finance

Romania Retail is strong in Romania

schedule 15 April 2024
Opr./edited by JC

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.

Warehouse & industrial

Poland Panattoni delivers in Krakow

schedule 12 April 2024
Opr./edited by JC

Panattoni has built another facility in Lesser Poland, City Logistics Krakow Airport II. The investment was made on a speculative basis and already has its first tenant – Allegro.

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Romania Marelvi is set to stay at MLP Bucharest West

schedule 12 April 2024
Opr./edited by ANZ

Marelvi, a distributor of electronics and home appliances in Romania, has extended its lease agreement for more than 8,100 sqm of space at the MLP Bucharest West logistics park. 

Eurobuild CEE

Poland The April edition of "Eurobuild" is now ready to read!

schedule 11 April 2024
Eurobuild CEE

The next edition of our monthly magazine is now available both in paper and digital versions! Traditionally, the new issue was first sent to our conference guests, and then to all readers!

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Poland Midocean takes more and more

schedule 10 April 2024
Opr./edited by JC

Panattoni has launched the construction of Panattoni Park Ruda Śląska IV. A major tenant has already been found with Midocean to lease 20,000 sqm of storage space, including an extension option for a further 10,000 sqm.

Investment & finance

Poland Big splash in Silesia

schedule 10 April 2024
Opr./edited by JC

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.

ESG

Czech Republic Domeq is doing WELL

schedule 09 April 2024
Opr./edited by JC

CTP, in cooperation with Ruby Project Management, has received the highest level of the WELL certification for its project Domeq in Brno. It's the first residential investment in the country to meet the criteria.

Investment & finance

Poland Additional loan for Hillwood

schedule 08 April 2024
Opr./edited by ANZ

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.

Warehouse & industrial

Poland Hermes by the German border

schedule 08 April 2024
Opr./edited by JC

Panattoni has finished the construction of a logistics centre for Hermes Fulfilment. This is the first project that has been built for the company in Poland.

Office & mixed-use development

Romania Bucharest office market remains fluid and flexible

schedule 08 April 2024
Opr./edited by ANZ

Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries. After the first three months of this year, the office sector in Bucharest shows a positive fluctuation in terms of total leasing activity, being 71 pct higher than the same period last year.

Eurobuild FM

Poland Tristram Carfrae on sustainable engineering

schedule 07 April 2024
Eurobuild CEE

Welcome to Eurobuild FM! We invited an excellent expert to the today's episode – distinguished structural engineer Tristram Carfrae, deputy chair of world-renowned design consultants Arup gave us an exclusive interview.

Office & mixed-use development

Poland Cornerstone laid for Booster Zabrze

schedule 05 April 2024
Eurobuild CEE

LemonTree, in cooperation with Commercecon, has launched the construction of Booster Zabrze following the cornerstone ceremony for the project. The mixed-use development will ultimately offer more than 100,000 sqm of retail, logistics and office space, surrounded by landscaping — accessible to both tenants and local residents.

Investment & finance

Poland Refinancing secured for Galeria Młociny

schedule 04 April 2024
Opr./edited by JC

EPP and Echo Investment have successfully secured a loan worth EUR 145.2 mln for the new financing of the Galeria Młociny shopping centre in Warsaw.

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Romania One United Properties moves into premium housing

schedule 04 April 2024
Opr./edited by JC

One United Properties has concluded a memorandum of understanding with CPI Property Group for the acquisition of a 21 ha site close to the Eroii Revoluției metro station just south of Bucharest city centre. The project planned on the site should see the construction of round 5,000 housing units.

Warehouse & industrial

Poland For the seventh time for K-Flex

schedule 04 April 2024
Opr./edited by ANZ

Panattoni is developing another BTS project for K-Flex – an international manufacturer of elastomeric thermal and acoustic insulation materials. A seventh building of 20,000 sqm in the warehousing and manufacturing complex in Uniejów will be completed in June this year.

Investment & finance

Poland Loan for Dobrzykowice

schedule 04 April 2024
Opr./edited by ANZ

Hillwood Polska has signed a loan agreement with mBank worth more than EUR 28.4 mln for the construction of a warehouse in Dobrzykowice near Wrocław. The building will be part of the Hillwood Wrocław East project being developed together with LCube.

Residential

Poland Prefabricated for students

schedule 04 April 2024
Opr./edited by JC

Solida Capital Europe and 1 Asset Management selected Pekabex for the execution of the purpose student housing PBSA project located in Puławska street in Warsaw.

Warehouse & industrial

Romania Maracana won't move out

schedule 04 April 2024
Opr./edited by JC

Maracana, a company specialising in transport, warehousing, logistics and distribution services, has renewed its lease contract for 5,000 sqm at the MLP Bucharest West logistics park.

Latest in Investment & finance

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.

schedule 04 April 2024

Refinancing secured for Galeria Młociny

EPP and Echo Investment have successfully secured a loan worth EUR 145.2 mln for the new financing of the Galeria Młociny shopping centre in Warsaw.

schedule 04 April 2024

Loan for Dobrzykowice

Hillwood Polska has signed a loan agreement with mBank worth more than EUR 28.4 mln for the construction of a warehouse in Dobrzykowice near Wrocław. The building will be part of the Hillwood Wrocław East project being developed together with LCube.

schedule 04 April 2024

Grójecka 5 sold and renamed

Dubai-headquartered investment platform Solida Capital has acquired the G5 office building at ul. Grójecka 5 in central Warsaw from Cromwell European REIT for EUR 15.86 mln. The property is to undergo a refurbishment following the change of ownership and will be rebranded as G5 Prime Offices.

schedule 03 April 2024

Panattoni gets millions

Panattoni has gotten financing to develop a factory for global lighting expert Trilux, a company that specialises in environmentally-friendly B2B solutions. The loan of EUR 18,3 mln was granted by Alior Bank.

schedule 03 April 2024

1AM buys half of Lipowy Office Park for students

Hungarian real estate group Futureal Investment Partners has sold for an undisclosed sum two buildings of Lipowy Office Park in Warsaw to the 1AM CEE Student Housing Fund, which is managed by Vilnius-based 1 Asset Management.

schedule 03 April 2024

WDP swoops for Expo Market Doraly

ARA Europe and the Romanian investor Gheorghe Iaciu have sold the Expo Market Doraly shopping centre in Afumați on Bucharest’s north-eastern outskirts to Belgian warehousing group WDP for an undisclosed sum.

schedule 03 April 2024

Faedra22 in German hands

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schedule 02 April 2024

MLP remains optimistic

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schedule 20 March 2024

Another quarter of negative performance

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schedule 18 March 2024

Real estate at a pivot point

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schedule 12 March 2024

NEPI Rockcastle boosts the pipeline

NEPI Rockcastle has expanded its development and refurbishment pipeline in 2024 to just over EUR 650 mln across its Central and Eastern European markets, the biggest retail investment programme in the region.

schedule 11 March 2024

Rock Park Przeworsk changes owner

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schedule 07 March 2024

MLP Group announces EUR 41 mln bond issue

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schedule 05 March 2024

Technopolis Ozas sold in Vilnius

Investment firm Lords LB Asset Management has completed the purchase of the Technopolis Ozas office campus in Vilnius with a total area of over 100,000 sqm. The seller was Technopolis Lietuva.

schedule 04 March 2024

Żabka Group concludes formal process of merging

Żabka Group has received approval from the Romanian National Authority for Consumer Protection to acquire a majority stake in FMCG distribution leader DRIM Daniel Distributie in Romania. As a result, Żabka Group met all regulatory requirements and finalised the transaction.

schedule 29 February 2024

Europe must be ready for "twin transitions"

Erste Group Bank recorded an operating result of 5.5 bln euros in 2023, an increase of 38 pct compared to the previous year. The company expects that economies in CEE region return to growth path in 2024.

schedule 29 February 2024

Panattoni builds, Millennium finances

Panattoni has received financing for the expansion of Panattoni Park Ruda Śląska II. The loan of EUR 9.4 mln was granted by Millennium Bank.

Edition 4 (287) April 2024

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