PL

Poland 7R sells Polish project portfolio to CTP

Investment & finance
Polish industrial developer 7R has finalised the sale of a portfolio of projects across Poland to its Czech counterpart CTP Group. The portfolio includes sites with projects in both the development and pre-development phases. Around 1.2 mln sqm gla could potentially be developed on the acquired sites.

The portfolio acquired from 7R consists of projects in Silesia and central and northern Poland that are in the development phase, such as in Warsaw and Katowice, as well as other sites across Poland that are still in the pre-development phase. The land acquired has the development potential for 1.2 mln sqm of warehouse and industrial space.

White & Case was the legal advisor for the purchaser in this transaction and Linklaters for the seller.

The strategically located land sites acquired by CTP from 7R, which are mostly in and around Warsaw and the Upper Silesia region, benefit from strong surrounding infrastructure and are well prepared for development. CTP has also agreed to acquire developments currently under construction in Katowice and Mszczonów, south of Warsaw. These locations will complement the existing network of three CTParks in Poland at Iłowa, 40 km from the Polish-German border, Opole in the south of the country, and Zabrze close to Katowice. None of CTP’s existing Polish parks, which comprise 42,000 sqm gla in total, currently have space availability.
Piotr Flugel, the country construction director for CTP Poland

CTP is continental Europe’s largest owner, developer and manager of logistics and industrial real estate in terms of gross leasable area. It has been listed on the Amsterdam Stock Exchange since 2021.

In 2021, we sold 17 projects to institutional investment funds and international real estate companies for a total amount of almost EUR 400 mln. When preparing our projects, we always care about creating and ensuring their long-term value. Therefore, in addition to ensuring ideal locations, we also focus on innovative environmental solutions and compliance with sustainable development criteria. I am glad that CTP Group chose our projects to develop its logistics portfolio in Poland. This has significantly strengthened our capital abilities and enables us to actively pursue the next stage of 7R’s development strategy.
Tomasz Lubowiecki, the founder and CEO of 7R

Since the beginning of its operations, 7R has completed projects with a total area of almost 1.5 mln sqm. Currently, 7R has more than 4 mln sqm in the investment process in various locations throughout Poland. Its first project outside Poland is to start in the Czech Republic in Q4 this year.

Latest news

Office & mixed-use development

POLAND Majorel expands in Globis Poznań

schedule 17 May 2022
Opr./edited by NN

Call centre specialist Majorel Polska has extended its lease and taken up an additional 400 sqm in the recently refurbished Globis Poznań building, which is owned by Globe Trade Centre.

Warehouse & industrial

POLAND Super-Pharm super happy in Prologis Teresin

schedule 17 May 2022
Opr./edited by NN

Israeli-owned drugstore chain Super-Pharm has extended its tenancy and expanded its area by another 12,600 sqm of warehouse space in Prologis Park Teresin, about 50 km west of central Warsaw.

Retail & leisure

HUNGARY Last Stop Shop unit taken

schedule 17 May 2022
Opr./edited by NN

Immofinanz has just leased the last free unit in its Hungarian Stop Shop portfolio of retail parks, bringing its occupancy up to 100 pct.

Public buildings

POLAND Dobra 55 ready for students

schedule 17 May 2022
Opr./edited by JC

The second stage of the University of Warsaw’s Dobra 55 building has been completed. The scientific and didactic building is the largest investment in the university’s long-term development programme, whose budget amounts to app. PLN 1 bln.

Warehouse & industrial

POLAND Langowski lingers for longer in Pruszków

schedule 16 May 2022
Opr./edited by NN

Polish freight forwarding specialist Langowski Logistics has leased 7,500 sqm of additional warehouse space in Panattoni Park Pruszków II, on Warsaw’s western outskirts.

Office & mixed-use development

POLAND NEPI Rockcastle gets more Cosmopolitan

schedule 16 May 2022
Nathan North
deputy editor

NEPI Rockcastle Poland has extended its office lease agreement and enlarged its premises in the Cosmopolitan Twarda 4 building in Warsaw city centre.

Office & mixed-use development

POLAND InPost opts for Ocean Office Park for HQ

schedule 16 May 2022
Nathan North
deputy editor

Polish courier and parcel locker operator InPost has leased 8,300 sqm of office space for its new headquarters in the Ocean Office Park complex in Kraków.

Warehouse & industrial

POLAND Boeing DSI flies into Panattoni Rzeszów Airport III

schedule 16 May 2022
Opr./edited by NN

Boeing Distribution Services (BDSI) has leased a 3,000 sqm building in Panattoni Park Rzeszów Airport III in Poland’s ‘Aviation Valley’, in the southeast of the country.

Office & mixed-use development

CZECH REPUBLIC First stone laid for Roztyly Plaza

schedule 13 May 2022
Opr./edited by NN

Passerinvest has laid the foundation stone for the Roztyly Plaza office development in Chodov (Prague 11).

Office & mixed-use development

POLAND First Property refilling Gdynia building

schedule 13 May 2022
Opr./edited by NN

First Property Group has announced that it has signed leases totalling 2,691 sqm of its Podolska 21 office building in Gdynia – amounting to 20 pct of the net internal area.

Office & mixed-use development

POLAND Emerson expands HQ in Konstruktorska BC

schedule 13 May 2022
Nathan North
deputy editor

Emerson Process Management has decided to extend its lease and increase the space it occupies at Konstruktorska Business Center in Warsaw.

Property and Facility Management

POLAND Savills to take care of Sky Tower

schedule 13 May 2022
Opr./edited by NN

Savills has been appointed as the property manager for Sky Tower in Wrocław, which was acquired by Adventum Group in March. The consultancy previously acted as the advisor for the acquisition of the property.

Office & mixed-use development

Poland Ebury Partners enters Widok Towers

schedule 12 May 2022

Financial services provider Ebury Partners has leased 800 sqm on the eleventh floor of the Widok Towers office building in the centre of Warsaw.

Office & mixed-use development

Lakeside powered by green electricity during construction

schedule 12 May 2022

The construction of the Lakeside office building in Warsaw's Mokotów district, is being completely powered by clean energy from renewable sources.

Technology

Poland Hi Tech bicycle storage comes to Norblin Factory

schedule 12 May 2022

The machine has been installed in the Norblin Factory centre in Warsaw and can store up to 96 bikes.

Investment & finance

Poland 7R sells Polish project portfolio to CTP

schedule 12 May 2022
Eurobuild CEE

Polish industrial developer 7R has finalised the sale of a portfolio of projects across Poland to its Czech counterpart CTP Group. The portfolio includes sites with projects in both the development and pre-development phases. Around 1.2 mln sqm gla could potentially be developed on the acquired sites.

Property and Facility Management

POLAND CBRE IM chooses C&W for Nexus

schedule 12 May 2022
Opr./edited by NN

Cushman & Wakefield has been appointed by CBRE Investment Management to be the property manager of its Nexus portfolio of eight logistics centres across Poland.

Office & mixed-use development

POLAND Snowflake floats into Lixa C

schedule 12 May 2022
Nathan North
deputy editor

Silicon Valley based cloud computing specialist Snowflake has signed a 10-year lease for more than 7,000 sqm of office space in the recently completed Lixa C building in Warsaw.

Office & mixed-use development

POLAND Bank Pekao moves HQ to 18 floors of Forest Tower

schedule 12 May 2022
Opr./edited by NN

For its new head office, Bank Pekao has leased 18 floors of the 28-storey Forest Tower building, which was recently completed by Slovak developer HB Reavis in Warsaw.

Events

Poland Shining stars on the court – and off it

schedule 11 May 2022
Eurobuild CEE

It is once again our great pleasure to invite you to the Warszawianka Tennis Club in Warsaw for the 17th Annual Eurobuild CEE Tennis Tournament for the real estate market, which takes place on Friday, May 27th. But hurry – the invitation list is almost complete!

Latest in Investment & finance

schedule 12 May 2022

7R sells Polish project portfolio to CTP

Polish industrial developer 7R has finalised the sale of a portfolio of projects across Poland to its Czech counterpart CTP Group. The portfolio includes sites with projects in both the development and pre-development phases. Around 1.2 mln sqm gla could potentially be developed on the acquired sites.

schedule 11 May 2022

S Immo comes to takeover terms with CPI

Austrian real estate investor S Immo and its Czech counterpart CPI Property Group have reached an agreement on the latter’s intended takeover of S Immo, involving the removal of the voting cap required by CPI to launch a mandatory offer.

schedule 10 May 2022

Paref picks up Browar Lubicz

Paris-based asset manager Paref Gestion, on behalf of its SCPI Interpierre Europe Centrale fund, has acquired the Browar Lubicz office complex in Kraków from Balmoral Properties for an undisclosed sum.

schedule 09 May 2022

Eastnine enters Poland and buys Nowy Rynek D

Skanska has sold the Nowy Rynek D office building in Poznań to Swedish real estate company Eastnine AB for EUR 120.6 mln.

schedule 05 May 2022

Czech Investment rises

Around EUR 898 mln worth of investments were traded in the Czech Republic in Q1 2022, demonstrating a 210 pct year-on-year increase according to the latest research by Savills.

schedule 05 May 2022

CEE region survives first shock of war in Ukraine

Despite the war in Ukraine, inflation uncertainty, increasing construction costs, and fast-changing interest rates, the real estate market has nevertheless proven resilient, with several large transactions in the first quarter of 2022, states Cushman & Wakefield.

schedule 05 May 2022

Apollo invests in Apsys

Apsys has announced that funds managed by Apollo, as part of its European Principal Finance business, have agreed to subscribe to undated subordinated notes for EUR150 mln.

schedule 04 May 2022

OTP grants Scallier EUR 8 mln loan

OTP Bank Romania has granted an EUR 8 mln loan to Polish developer Scallier to finance the construction of the Funshop retail park in Romania.

schedule 04 May 2022

CTP to complete DIG takeover

Czech industrial developer has acquired an 80.9 pct stake in Deutsche Industrie Grundbesitz.

schedule 25 April 2022

Investment strengthens in Europe despite war in Ukraine

Despite Russia’s invasion of Ukraine, investor interest in commercial real estate across the EMEA region continued to recover in Q1 from the pandemic, with many investors seeing property as a hedge against rising inflation, claims Colliers in its latest ‘Capital Markets Q1 2022 Snapshot’ report.

schedule 20 April 2022

Aareal provides Pradera with EUR 360 mln facility

Pradera has obtained a EUR 360 mln senior loan facility from Aareal Bank to refinance its pan-European retail park investment vehicle.

schedule 15 April 2022

CPI edges towards S Immo takeover

Viennese real estate company S Immo has received a request from shareholder Prague-based CPI Property Group, to convene an extraordinary shareholders’ meeting, the motion of which is to remove S Immo’s 15 pct maximum voting rights ceiling and thus allow CPI to proceed with a takeover bid.

schedule 12 April 2022

S Immo snaps up Expo Business Park

Austrian real estate company S Immo has acquired the Expo Business Park office complex in Bucharest from Portland Trust, Bluehouse Capital and Ares Management for an undisclosed sum.

schedule 11 April 2022

EBRD sets up EUR 50 mln vehicle with Adventum

The European Bank for Reconstruction and Development (EBRD) has entered into a joint investment with Adventum related to the recent acquisition of Sky Tower in Wrocław and a chain of 18 retail parks anchored by Tesco in Hungary and the Czech Republic, along with potential future investments in Slovakia and other CEE markets.

schedule 08 April 2022

REICO fund acquires Kraków R&D centre

REICO ČS Long Lease fund has acquired BWI’s R&D centre in Kraków’s Balice district from Polish industrial developer 7R and US investor InSite Real Estate for EUR 27.3 mln.

schedule 07 April 2022

KS Holding exits two Baltic DIY stores

KS Holding has completed the sale of two Kesko-Senukai DIY stores in Vilnius in Lithuania and Daugavpils in Latvia to Finnish investment fund Titanium Baltic Real Estate.

schedule 06 April 2022

Wood & Co buys Astrum Business Park

The Wood & Company Real Estate Fund is to enter the Polish market with the acquisition of Astrum Business Park in Warsaw from Prochem and the LFI 1 FIZAN investment fund for an undisclosed sum.

schedule 04 April 2022

Globalworth moves into warehousing with Catted

Globalworth has announced the signing of a strategic partnership with CATTED to develop light industrial and warehouse space.

schedule 31 March 2022

Echo posts profits for 2021

Echo Investment has reported a net profit of PLN 189 mln for 2021. This is mainly due to 1,622 apartment handovers by Echo and a further 1,128 by its Wrocław subsidiary Archicom, as well as an increase in the value of its office properties and a stronger performance by the Libero shopping centre.

schedule 31 March 2022

RSBC buys BBC E

Private equity company RSBC has announced that it has completed the acquisition of Building E of the BB Centrum complex in Michle (Prague 4) from CPI Property Group for an undisclosed sum.

Categories