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POLAND KGAL invests more in Polish green energy

Green projects
German asset manager KGAL Investment Management is to establish a joint venture to build four solar and wind parks with specialist Polish developer Lasuno for its KGAL ESPF 5 impact fund.

KGAL ESPF 5 will hold a majority stake in the joint venture, while Lasuno will be responsible for the development and management of the projects. Under the arrangement, four solar parks with a total capacity of more than 200 MW should be developed by the end of 2025. The project pipeline is expected to be expanded in subsequent years.

With KGAL we have found a financially strong partner that is already successfully driving similar joint ventures in the solar and wind sectors in several European countries.
Wojciech Kawecki, the founder and managing director of Lasuno

This is KGAL ESPF 5’s fourth platform investment, following similar deals in Germany, Italy and Spain. Another transaction is expected this year. In March, it was announced that KGAL Investment Management had signed long-term power purchase agreements (PPAs) with Lafarge Cement Polska related to the Krasin and Rywałd onshore wind farms (both in northern Poland), which are owned by the KGAL ESPF 4 renewable energy fund.

According to KGAL, the proportion of lignite and hard coal used in electricity generation in Poland is now falling from the current level of more than 70 pct, while the solar PV market is growing faster than in almost any other European country, with capacity increasing from just 0.2 GW to 10.7 GW in the last six years.

Latest news

Retail & leisure

Poland Another Smart Park sold

schedule 19 September 2024
Opr./edited by JC

Smart Park Poland has sold a retail park in Syców (Dolnośląskie Voivodeship) to the Saller Group. The area of the facility is 8,000 sqm.

Warehouse & industrial

Romania VAT partners up with VGP

schedule 19 September 2024
Opr./edited by JC

VAT Romania broke ground for its new factory located in VGP Park Arad, a strategic logistics hub adjacent to the A1 motorway and key European routes.

Warehouse & industrial

Poland One more beer in Pruszków

schedule 19 September 2024
Opr./edited by JC

United Distribution Holding, a distributor of global brands of beer and food products in Poland, decided to add more than 2,300 sqm of industrial space to its existing agreement at the Warsaw West Park-Pruszków distribution centre.

Warehouse & industrial

Germany Garbe is leasing in Kelsterbach

schedule 19 September 2024
Opr./edited by JC

Garbe Industrial Real Estate has re-let around two thirds of the space in its property in Kelsterbach, near Frankfurt am Main. A wholesaler will be using the facility to store and distribute building materials.

Warehouse & industrial

Poland City Logistics Kraków Airport II is full

schedule 18 September 2024
Opr./edited by JC

Panattoni has fully commercialised City Logistics Kraków Airport II, its latest project in Małopolska. The second tenant for the development will occupy 20,050 sqm.

Office & mixed-use development

Poland Strabag to develop Plaza Nova

schedule 18 September 2024
Opr./edited by JC

Strabag Real Estate will develop Plaza Nova, a mixed-use complex in Kraków. The facility will be built on the site of the former Plaza shopping mall, which was demolished last year.

Residential

Czech Republic Rentals in Prague are on the rise

schedule 18 September 2024
Opr./edited by JC

According to Savills Rental Housing report, the share of residential transactions within total investment volumes in Prague has been increasing since 2023. Rental housing is expected to exceed last year's volume, making 2024 one of the most successful years for this sector.

Investment & finance

Poland Nepi set to buy Magnolia

schedule 17 September 2024
Opr./edited by JC

Nepi Rockcastle is in negotiations to acquire the 100,000 sqm gla Magnolia Park shopping centre in Wrocław from Union Investment Real Estate.

Warehouse & industrial

Poland MLP is hungry for tenants

schedule 17 September 2024
Opr./edited by JC

Chefs Culinar has become the first tenant at MLP Business Park Łódź. The company has leased over 1,600 sqm of warehouse and office space.

Retail & leisure

Poland Another field for Refield

schedule 16 September 2024
Opr./edited by JC

Refield is starting the development of the first retail park in Środa Wielkopolska. Pasaż Średzki is expected to open in 2026.

Warehouse & industrial

Poland Amazon goes off in Silesia

schedule 16 September 2024
Opr./edited by JC

Amazon has launched its third logistics centre in the Silesian Voivodeship, after Sosnowiec and Gliwice. The facility in Gorzyczki features 211,000 sqm of space.

Office & mixed-use development

Polska Alioth is looking up

schedule 16 September 2024
Opr./edited by JC

Alioth Group will join the tenant mix of the Varso Tower office building. In the spring of 2025, the company will move into an office on the 44th floor.

Eurobuild CEE

Poland The September edition of ‘Eurobuild’ is here!

schedule 13 September 2024
Opr./edited by ANZ

The September ‘Eurobuild’ is now available in print and online - as always full of expert commentary and analysis, interesting topics and the latest news. Take a look!

Warehouse & industrial

Poland Highway to Hillwood

schedule 13 September 2024
Opr./edited by ANZ

Industrial Park Poland by Hillwood has gained access to the A2 motorway. Hillwood Poland has obtained an occupancy permit for the extended and upgraded access roads that connect the emerging industrial and logistics park to the motorway.

Investment & finance

Poland Citylink sells Łódź site to DSV

schedule 12 September 2024
Opr./edited by ANZ

CL Property, a Polish developer specialising in multi-functional industrial and logistics space, has announced a transaction with DSV for the Citylink Łódź project. A new DSV logistics centre will be built on the 5.7-ha property located on ul. Zakładowa.

ESG

Poland Green is the standard

schedule 12 September 2024
Opr./edited by ANZ

Warsaw has adopted a green standard to make urban construction more energy efficient and environmentally friendly. The capital is the first city in Poland to implement such a solution.

Investment & finance

Poland Upturn in offices and retail sector

schedule 12 September 2024
Opr./edited by ANZ

According to JLL, the Polish investment market saw a significant increase in activity in H1 2024. Despite continuing challenges related to the cost of capital, a return of large transactions was recorded, suggesting a potential end to the slowdown phase.

Technology

Poland Velis has a new name

schedule 12 September 2024
Opr./edited by ANZ

Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both refresh the company's image and unify its operations. Velis Real Estate Tech will remain the company's administrative name.

Residential

Poland AFI Home conquers Wrocław

schedule 11 September 2024
Opr./edited by ANZ

The AFI Home platform is making its debut in a third Polish city. The development on ul. Długa in Wrocław offers 232 furnished flats.

Warehouse & industrial

Poland Industrial Poland is going strong

schedule 11 September 2024
Opr./edited by JC

The Polish industrial and logistics market continues its strong growth momentum, reveals BNP Paribas Real Estate Poland in its latest report “At A Glance – Industrial and Logistics Market in Poland” for the Q2 of 2024.

Latest in Green projects

schedule 20 September 2023

EIB grants CTP solar-powered €200m loan

Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation programme across its European business park portfolio.

schedule 20 September 2023

Cromwell granted €66m green loan for Janki

Real estate investor and fund manager Cromwell Property Group has secured a EUR 66 mln green loan for the 61,000 sqm Janki shopping centre on the southern outskirts of Warsaw.

schedule 31 July 2023

Pad Res to build 2 PV farms in Pomerania

Pad Res, a joint venture between Griffin Capital Partners and Kajima Europe, is to build two photovoltaic farms in Pomerania with a total capacity of 117 megawatts.

schedule 10 May 2023

KGAL invests more in Polish green energy

German asset manager KGAL Investment Management is to establish a joint venture to build four solar and wind parks with specialist Polish developer Lasuno for its KGAL ESPF 5 impact fund.

schedule 18 April 2023

CTP holds the record

The newly constructed warehouse, which has expanded CTPark Prague West, has been certified as the most environmentally friendly industrial building in the Czech Republic according to ‘BREEAM New Construction’ standards, with a record score of 92.1 pct. The building is home to Rhenus Logistics, which uses it as a cross-dock for its pan-European network for collection services and warehousing.

schedule 28 March 2023

Very Green Norblin

Owned by the Capital Park Group, the Warsaw mixed use complex Norblin Factory has received the final BREEAM certificates for both its office and retail sections. A photovoltaic system has been installed in the complex, and the managers are continuing their efforts to steadily reduce the property’s carbon footprint.

schedule 22 March 2023

Platinium P180

Energy consumption reduced by almost 48 pct, almost 4 mln litres of water saved in a year and CO2 emissions reduced by more than 3,900 tonnes - these are the savings generated by the Warsaw P180 office building, developed by Skanska in Warsaw by the Wilanowska metro station. The investment has just received LEED Core & Shell certification at the Platinum level.

schedule 03 March 2023

First large carbon net zero mall

Docks Bruxsel in Brussels has received a CO2 neutrality certificate from CO2logic/South Pole. It is the first large shopping centre in Europe to receive this certification.

schedule 24 February 2023

Outstanding in Szczecin

Panattoni has received an "Outstanding" rating under the BREEAM International New Construction system for Panattoni Park Szczecin III halls A and B. This is the first such high level of certification in the industrial real estate market in Poland for a newly built investment.

schedule 20 February 2023

CA Immo’s green lease initiative

CA Immo has concluded 45 lease agreements with a total of nearly 29,000 sqm of office space in Warsaw in the past year, 20 pct of which in Q4 of 2022. The company has also introduced a green lease initiative in 2022, governing mutual commitment of landlord and tenant to optimize sustainable building operations. Since May 2022, 23 green lease agreements have already been concluded.

schedule 08 February 2023

.Ktw II is excellent

.Ktw II office building, developed by TDJ Estate, has been certified BREEAM at the Excellent level. The document is the final assessment of the investment's environmental impact. The building achieved a score of 80.6 pct.

schedule 31 January 2023

Towards a sustainable future

Globalworth received 47 various ESG related certifications for its Romanian portfolio in 2022, among them LEED, BREEM, WELL Health & Safety and Access4you accreditations.

schedule 18 January 2023

Life beyond the wind

Panattoni is supporting the upcycling of the machinery used to generate green energy. In 15 of its locations environmentally friendly outdoor furniture made from former wind turbines can already be found, and in 2023 similar furniture is to appear in another 100 locations.

schedule 10 January 2023

Very Good news for Etele Plaza

Futureal’s Etele Plaza in Budapest has received BREEAM 'Very Good' certification in the retail category.

schedule 28 November 2022

Windy in Kostomłoty

Bilfinger Tebodin has completed work on a 27 MW wind farm in Kostomłoty in the South-West of Poland. The investment was carried out by Polenergia, Poland's largest private energy group.

schedule 21 November 2022

Photovoltaics works for Warsaw Unit

Ghelamco has completed its first three photovoltaic farms as part of its programme to achieve energy neutrality, announced in May 2022.  The installations, with a capacity of nearly 3 MW, were built in three locations in the Opole region.

schedule 07 November 2022

Strabag launches C3 pilot project in Bremen

C3, the Circular Construction & Technology Center project in Bremen is the Strabag’s first competence centre for sustainable circularity. It will be focused on resource reprocessing, it will be energy self-sufficient and climate neutral.

schedule 30 September 2022

Outstanding in the Clubhaus

Czech developer CTP has obtained the first BREEAM ‘Outstanding’ certification – the highest possible level – of its Romanian portfolio for the Clubhaus multifunctional building, part of the CTPark Bucharest West industrial park.

schedule 23 September 2022

Well renewal for Spark C

The fifth floor of the Spark C building in Warsaw, which houses the head office of the Skanska’s commercial development business unit in the CEE region, has just been obtained a renewal of its Well Commercial Interior certificate. This is the first such recertification in Poland and the CEE region, and the second in Europe.

schedule 23 August 2022

Well Health-Safety for Globalworth’s Polish portfolio

All 17 properties in the Polish portfolio of Romanian developer Globalworth have obtained Well Health-Safety Rating certification.

Edition 9 (291) September 2024

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