PL

Poland Panattoni granted EUR 64 mln

Investment & finance
Panattoni has been granted a EUR 64 mln loan by Bank Gospodarstwa Krajowego for next projects. The financing is to be used to develop a strategic complex for Poczta Polska in Radzymin as well as two buildings within Panattoni Park Grudziądz.

Over the last few years, Panattoni has supported the development of more markets in the Kujawsko-Pomeranian region. This is where the company has delivered almost half a million sqm through the development of parks in towns and cities such as Toruń and Bydgoszcz as well as BTS centres in Brześć Kujawski and Grudziądz, where construction was launched last year on Panattoni Park Grudziądz – the first industrial complex in this area. The development of two buildings with areas of 8,500 sqm and 25,000 sqm are to be financed with the loan from BGK. Panattoni Park Grudziądz is situated in the district of Dragacz next to the Nowe Marzy interchange where National Road 91 meets the A1 motorway. The centre of Gdańsk can be reached in just over an hour from the location. Moreover it takes under 90 minutes to drive to Bydgoszcz and its airport.

BGK is also financing a BTS project for Poczta Polska in Radzymin. The Warsaw-area development will comprise two buildings with a combined area of over 43,000 sqm and is to play a key role in the development of Poczta Polska’s Logistics Architecture Network strategy. Being equipped with sorting machines for automatically processing parcels, the complex will help improve and optimise the organisation’s package handling. The BTS project in Radzymin comprises a cross dock warehouse with an area of over 12,000 sqm and a warehouse and operations building with an area of over 26,000 sqm. Additionally, the centre is to include support areas and technical facilities. The functionality of the centre is to be further enhanced by 400 parking spaces just next to the operations building as well as by the entrance to the complex. The development is to be completed in the fourth quarter of this year.

Latest news

Events

Poland Save the date!

schedule 06 June 2023
Opr./edited by ANZ

It's that time of year when it is once again our great pleasure to invite you to the longest-running and most prestigious conference on the Polish office real estate market.

Warehouse & industrial

Poland Ekonip chooses a warehouse in Mszczonów

schedule 06 June 2023
Opr./edited by JC

Ekonip Logistics, a company specializing in logistics services for hazardous materials, has decided to lease 9,200 sqm of warehouse and office space at the Logicor logistics park in Mszczonów.

Warehouse & industrial

Romania MLP Bucharest West is growing

schedule 06 June 2023
Opr./edited by ANZ

MLP Group is expanding the MLP Bucharest West logistics park. A new facility of approx. 16,000 sqm is being built on a speculative basis. The investment will be put into operation by the end of this year.

Investment & finance

Serbia CA Immo sells Belgrade Office Park

schedule 05 June 2023
Opr./edited by ANZ

CA Immo has successfully signed and closed the sale of the Serbian office complex Belgrade Office Park to a domestic investor. With two buildings and an underground car park, the complex comprises approx. 27,200 sqm of total lettable space.

Office & mixed-use development

Poland Glovo takes an entire floor

schedule 05 June 2023
Opr./edited by ANZ

Delivery platform Glovo has leased more than 2,000 sqm in Warsaw's Q22 office building. The company will occupy an entire floor in the facility.

Warehouse & industrial

Poland Victaulic stays in Poznań

schedule 05 June 2023
Opr./edited by ANZ

GLP has signed a contract with Victaulic, which has leased 7,500 sqm of space in the newest building of GLP's warehouse park at Poznań's Ławica airport.

Warehouse & industrial

Poland For the sixth time with K-Flex

schedule 05 June 2023
Opr./edited by ANZ

Panattoni has opened the sixth BTS facility within the K-Flex manufacturing and warehouse campus in Uniejów. With the new 33,000 sqm warehouse, the Uniejów complex has now exceeded 100,000 sqm.

Eurobuild FM

Poland Samuel Vetrak on the PBSA market in Poland

schedule 05 June 2023
Anna Zamyłka

In the latest episode of Eurobuild FM, Samuel Vetrak of Bonard consultancy firm talks exclusively to Eurobuild about the rapidly growing PBSA market in Poland.

Office & mixed-use development

Poland Ingage reaches for Infinity

schedule 02 June 2023
Opr./edited by JC

Investor relations (IR) software specialist Ingage Poland has leased almost 700 sqm of office space in the Infinity building in Wrocław.

Residential

POLAND Develia to take over Nexity Polska

schedule 01 June 2023
Eurobuild CEE

Polish developer Develia has signed a preliminary agreement to acquire 100 pct stakes in the Polish subsidiaries of French developer Nexity for EUR 100 mln (app. PLN 453 mln).

Eurobuild FM

Poland Gianluca Romano on the European investment market

schedule 01 June 2023
Magda Rachwald

In the latest episode of Eurobuild FM, Gianluca Romano, the head of capital raising at Swedish real estate investor Catella, tells us about the current situation on the investment market in Poland, the CEE region and Europe as a whole, as well as his expectations and forecasts for 2023.

Investment & finance

Poland Neptune gets funding

schedule 01 June 2023
Opr./edited by ANZ

Neinver and Nuveen Real Estate have successfully raised around EUR 170 mln in debt financing for the Polish portfolio of Neptune, a joint venture between Neinver and TIAA.

Retail & leisure

Czech Republic CBRE on the state of Czech retail

schedule 01 June 2023
Opr./edited by ANZ

The rapid rise in prices (inflation increased by 15.1 pct y-o-y) and energy expenses have been met by a further decline in already weakened customer confidence. How did this affect shopping centres in the Czech Republic?

Warehouse & industrial

Poland Robod chooses 7R City Park Gdańsk South II

schedule 01 June 2023
Opr./edited by JC

7R has provided space at 7R City Park Gdańsk South II to Robod, a manufacturer and distributor of occupational health and safety products.

ESG

Czech Republic ESG is both a challenge and an opportunity

schedule 01 June 2023
Opr./edited by ANZ

The real estate market in the Czech Republic is not yet fully prepared for the new ESG-related requirements, according to Colliers. Even construction projects planned over the next few years will not resolve this issue, since meeting strict standards is both procedurally and financially demanding.

Warehouse & industrial

Poland PepsiCo opens its fifth plant

schedule 01 June 2023
Opr./edited by ANZ

PepsiCo has opened its fifth production plant in Poland in Święte, Lower Silesia. The investment, worth more than PLN 1 bln, will help expand the company's product range and increase the scale of production targeting 20 European markets.

Residential

Poland New huge housing estate on the Warta River

schedule 01 June 2023
Opr./edited by ANZ

Construction will soon start on the Portowo na Starołęce project, the largest residential development in right-bank Poznań in years. The estate will be built on a 19-ha plot by the Warta River. The investor is Vastint Poland.

Investment & finance

Czech Republic Rohan BC sold to Fio fund

schedule 31 May 2023
Opr./edited by ANZ

Reico Čs Nemovitostní (RČSN) has sold the Rohan Business Centre in Prague to the recently established Fio realitní fund for app. CZK 740 mln (EUR 31.3 mln).

Warehouse & industrial

Poland A breeze of cold in Panattoni

schedule 31 May 2023
Opr./edited by ANZ

Panattoni has begun construction of City Logistics Warsaw IX. The investment will be worth EUR 19 mln and the final area will be 13,000 sqm. Half of the facility is to be occupied by Inter-Mlecz, a distributor of grocery brands.

Warehouse & industrial

Poland Rohlig Suus has a place with MDC²

schedule 30 May 2023
Opr./edited by ANZ

Rohlig Suus Logistics will be the main tenant at MDC² Park Gliwice and will occupy an area of approx. 20,400 sqm. The facility, located at the junction of the A4 and A1 motorways, has been awarded a BREEAM New Construction certificate at the Outstanding level.

Latest in Investment & finance

schedule 05 June 2023

CA Immo sells Belgrade Office Park

CA Immo has successfully signed and closed the sale of the Serbian office complex Belgrade Office Park to a domestic investor. With two buildings and an underground car park, the complex comprises approx. 27,200 sqm of total lettable space.

schedule 01 June 2023

Neptune gets funding

Neinver and Nuveen Real Estate have successfully raised around EUR 170 mln in debt financing for the Polish portfolio of Neptune, a joint venture between Neinver and TIAA.

schedule 31 May 2023

Rohan BC sold to Fio fund

Reico Čs Nemovitostní (RČSN) has sold the Rohan Business Centre in Prague to the recently established Fio realitní fund for app. CZK 740 mln (EUR 31.3 mln).

schedule 29 May 2023

New deals for LeadCrest

LeadCrest Capital Partners announces two transactions in Poland: new industrial sale-leaseback as well as EUR 20 mln sale-leaseback acquisition of three retail warehouses.

schedule 29 May 2023

IAD buys on the Danube

The First Real Estate Fund, managed by IAD Investments, has purchased the Pribinova 19 building in Bratislava from JTRE. The office building is part of the Eurovea City office and retail complex located on the banks of the Danube.

schedule 22 May 2023

Panattoni granted EUR 64 mln

Panattoni has been granted a EUR 64 mln loan by Bank Gospodarstwa Krajowego for next projects. The financing is to be used to develop a strategic complex for Poczta Polska in Radzymin as well as two buildings within Panattoni Park Grudziądz.

schedule 18 May 2023

Duetto I and II change hands for EUR 37 mln

Baltic Horizon Fund has agreed to sell for app. EUR 37 mln its entire stake in BH Duetto UAB, the vehicle that owns the Duetto I and II office buildings in Vilnius, to Luxembourg-registered fund ECRE IV.

schedule 17 May 2023

CTP to double Polish and German portfolios

Czech logistics developer and operator CTP is to invest a combined EUR 600 mln in Poland and Germany as it plans to double its portfolio in both markets to 20 mln sqm by 2030.

schedule 15 May 2023

Griffin and Madison sell German asset

International Industrial Properties, the logistics platform owned by Madison International Realty and Griffin Capital Partners, has sold a single-lease logistics property in Germany. This is the company's second transaction in Germany, the first having been completed in June last year.

schedule 12 May 2023

CEE investment volumes on the slide

The 2023 real estate investment volume across the CEE-6 region could reach EUR 5-6 bln, suggests Colliers in its latest 'Q1 2023 Investment Scene' report, significantly down from the estimated EUR 10.7 bln transacted in 2022.

schedule 10 May 2023

Wing and Griffin complete Bauwert takeover

Hungarian real estate group Wing together with Warsaw-based private equity manager Griffin Capital Partners have completed the acquisition of a 60 pct stake in German developer Bauwert.

schedule 09 May 2023

Let's go to the movies

Reverest Fund Management has purchased the Forum Cinemas Vingis cinema complex in Vilnius in a leaseback transaction. The previous owner, the cinema operator, will continue operations under a long-term lease agreement.

schedule 08 May 2023

S Immo adds offices and hotel to portfolio

Austrian real estate investor S Immo has completed the acquisition of three office buildings and a hotel in the Czech Republic from its majority shareholder CPI Property Group.

schedule 28 April 2023

Panattoni with over EUR 48 mln loan

Panattoni has been granted financing for Panattoni Park Lublin II – a comprehensive business platform with an area of around 84,000 sqm. The EUR 48 mln loan, including VAT, was granted by Bank Pekao SA.

schedule 26 April 2023

Retail parks bring profits

According to Walter Herz, investments in the real estate market are coming through regardless of the difficulties in the economy, but housing construction has temporarily slowed down. Warehouses have slowed down, while retail parks are still gaining momentum.

schedule 18 April 2023

EUR 92 mln for renewable energy

The investment company Atsinaujinančios Energetikos Investicijos (AEI) raised almost EUR 92 mln in just two years. Its manager Grėtė Bukauskaitė says they are delighted but not surprised by the popularity of renewable energy investments.

schedule 18 April 2023

NREP poised to buy major 7R stake

Danish real estate investor NREP has submitted an application to the Polish competition authority UOKiK to acquire “joint control” of Polish warehouse developer 7R.

schedule 13 April 2023

CTP to double in size by 2030

CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.

schedule 12 April 2023

P3 pleased with results

P3 Group has announced record operational results and strong financials for full year 2022. The European investor and developer of warehouse properties increased Gross Asset Value to EUR 8.3 bln, only modestly impacted by a 2.3 pct valuation decline. Operationally, the company’s portfolio grew to 7.6 mln sqm across 11 European countries, registering an all-time high occupancy rate of 98 pct.

schedule 12 April 2023

Panattoni with a EUR 57 mln loan

Panattoni is building another strategic development for the Warsaw market. The developer has been granted EUR 57 mln in financing from Bank Pekao for the development of Panattoni Park Nadarzyn II, which is to become one of the largest business and industrial platforms in the region.

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