NEPI Rockcastle’s Post

Union Investment will invest €10m to refurbish Le Befane shopping centre in Rimini, enhancing its market position. #UnionInvestment #LeBefane #RiminiShopping #RealEstateInvestment #ItalianAdriatic #ShoppingCentre #RetailExpansion #PropertyRefurbishment #UniImmoEuropa #MarketPosition #europere #topstory #property #story #news #Europe #europerealestate https://lnkd.in/erWvaZ3v

Thursday, June 6 #Warsaw #Poland - Coffee with Craig Show daily CRE news covering the CEE/SEE/Baltics region with Craig Smith and Winston Norman For interviews and partnerships contact Craig Smith - Craig@EuropaProperty.com -- Publications 2024/5 - EuropaProperty Investment GUIDE – OCTOBER – EXPO REAL (Messe München) - EuropaProperty Retail Guide - November - MAPIC World 2025 - EuropaProperty Real Estate Guide - MIPIM --- EVENTS 2024/5 EuropaProperty Events –2024 October 15, CRE Awards (#Budapest) October 29, CEE Investment Awards (#Warsaw) 2025 January 30, Retail Awards (#Warsaw) April 3, SEE Real Estate Awards (#Bucharest) -------------NEWS---------- - Sonae Sierra avoided €22 million in operating costs during 2023 by implementing a wide range of measures that improved eco-efficiency levels. According to the Economic Environmental and Social Report, the company has reduced its greenhouse gas emissions by 88 percent since 2005, reduced its electricity consumption by 68 percent since 2002 and achieved a 41 percent reduction in water consumption since 2003. Elsa Monteiro   - Developer One United Properties SA Properties announced that one year after the sales launch for One Lake District, a large-scale sustainable development in Bucharest, 80 percent of Phase 1 has been pre-sold. This phase includes over 620 apartments. Phase 1 of the project has a gross development value of over €138 million, with completion estimated for the second quarter of 2025. ”Aligning with our long-term strategic urban regeneration development plan, One Lake District is an evolving project that redefines the industrial area of the former brick factory into a large urban waterfront”, says Beatrice Dumitrascușcu, CEO of Residential Division One United Properties.   - Hospitality group Accor will open this autumn Mercure Hotels Sofia, the first hotel under the midscale brand in #Bulgaria. The project will be operated under a franchise agreement with Festa Hotels JSCo. “The addition of Mercure Sofia marks a significant step in increasing our footprint in the Balkans, a region with strong potential for further growth,” said Frank Reul, Vice President of Development for Accor’s Premium, Midscale & Economy brands in #Eastern #Europe, #Balkans, #Italy & #Greece.   - Woolworth GmbH, a pioneer of multi-brand, large-format discount shops, will enter Redkom Development’s retail park under construction in Bielsko-Biała, occupying over 1,000 sqm. This will be the brand’s first shop in the city. Woolworth has announced a dynamic expansion. In the medium term, it plans to open a chain of 5,000 shops across Europe. In Poland, the company plans to open around 40 new shops in 2024 and a target of 400 units. “The construction of the new retail park in #Bielsko-Biała is already well advanced. With an opening planned for the end of this year,” says Elżbieta Kutrasińska, Head of Leasing, Redkom Development.

A report by Avison Young on the Polish retail park market entitled “Investing in safe havens” says that interest from investors, developers and tenants in retail parks and smaller convenience centers designed for quick, everyday shopping has remained strong. The substantial development of new convenience facilities and retail parks is attracting core investors seeking stable, long-term investment opportunities with extended WAULT periods.   Since 2020, Avison Young says the number of transactions involving retail parks and smaller convenience schemes has been on an upward trend, as these assets have consistently demonstrated their reliability and stability as investment options. We at Mitiska REIM continue to see strong tenant demand both in Poland and across our European markets, with retail brands attracted to the accessible locations, affordable buildings, flexible design and sustainable solutions offered by retail parks. The resilience of retail parks has now been proven across a range of economic conditions, and we are seeing significant interest from investors for high-quality retail park assets that have completed our value-add and development programs. To read the full report, please click below… #conveniencerealestate #retailparks #lightindustrial #SME #urbanlogistics #selfstorage #esg

Wednesday, May 15 #Warsaw #Poland - Coffee with Craig Show daily CRE news covering the CEE/SEE/Baltics region with Craig Smith and Winston Norman ONSITE - Marywilska 44 Sp. z o.o. - shopping center in Warsaw burned to the ground May 11/12 - circumstances unknown For interviews and partnerships contact Craig Smith - Craig@EuropaProperty.com -- Publications 2024/5 - EuropaProperty Investment GUIDE – OCTOBER – EXPO REAL (Messe München) - EuropaProperty Retail Guide - November - MAPIC World 2025 - EuropaProperty Real Estate Guide - MIPIM --- EVENTS 2024/5 EuropaProperty Events –2024 May 23, “Baltic Real Estate Awards” (#SOPOT, #Poland) October 15, CRE Awards (#Budapest) October 24, CEE Investment Awards (#Warsaw) 2025 January 30, Retail Awards (#Warsaw) April 3, SEE Real Estate Awards (#Bucharest) -------------NEWS---------- - On behalf of Generali Adriatic Value Fund, SIF, Peakside Capital and Generali Investments Slovenia have sold the #Austria #Trend #hotel located in the capital of #Slovenia. The buyer is Serbian company Agromarket Srbija. Christopher Smith, Head of Portfolio Management CEE at Peakside Capital Advisors,   - The #Bydgoszcz #Glinki shopping centre will be redeveloped by Redkom Development, resulting in the construction of a modern retail park with Carrefour as the grocery tenant. The new retail destination with an area of about 16,000 sqm GLA, 25 shops and service outlets will offer residents a wide range of goods, from fashion to beauty, home, pet, #DIY and medical clinics. It is scheduled to open in the fourth quarter of 2025. Elżbieta Kutrasińska, Senior Leasing Manager, Redkom Development. - Volvo Group Tech Hub will occupy 10,000 sqm of space at Brain Park C. A new section of Volvo Car Poland will be moving into the Kraków office building, from Echo Investment S.A., in three phases, starting in September 2024. In the transaction, the tenant was represented by JLL Polska. " This transaction, the largest in the office market in Krakow, is a milestone that will significantly increase Volvo's visibility in the city", comments Przemek Berendt, Head of Volvo Tech Hub. Agata Suder, Senior Consultant, Office Tenant Representation, JLL Polska.   - 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. Michał Samborski, the Head of Development at Panattoni. “This is our investment in the future that will improve our operational efficiency from the first day of moving in", says Szymon Zdziarski, the president of the management board of Neopak. The company is to begin operations from the park just outside Warsaw in September this year. Panattoni Park Warsaw South IV is a logistics centre that is currently under development, which is to eventually comprise close to 100,000 sqm of industrial space in two buildings.

NEPI Rockcastle plans to acquire Silesia City Center in Katowice, Poland, for €495 million (R9.44 billion), the JSE and Amsterdam-listed owner of shopping centres in central and Eastern Europe said on Friday.

Wednesday, May 15 #Warsaw #Poland - Coffee with Craig Show daily CRE news covering the CEE/SEE/Baltics region with Craig Smith and Winston Norman ONSITE - Marywilska 44 Sp. z o.o. - shopping center in Warsaw burned to the ground May 11/12 - circumstances unknown For interviews and partnerships contact Craig Smith - Craig@EuropaProperty.com -- Publications 2024/5 - EuropaProperty Investment GUIDE – OCTOBER – EXPO REAL (Messe München) - EuropaProperty Retail Guide - November - MAPIC World 2025 - EuropaProperty Real Estate Guide - MIPIM --- EVENTS 2024/5 EuropaProperty Events –2024 May 23, “Baltic Real Estate Awards” (#SOPOT, #Poland) October 15, CRE Awards (#Budapest) October 24, CEE Investment Awards (#Warsaw) 2025 January 30, Retail Awards (#Warsaw) April 3, SEE Real Estate Awards (#Bucharest) -------------NEWS---------- - On behalf of Generali Adriatic Value Fund, SIF, Peakside Capital and Generali Investments Slovenia have sold the #Austria #Trend #hotel located in the capital of #Slovenia. The buyer is Serbian company Agromarket Srbija. Christopher Smith, Head of Portfolio Management CEE at Peakside Capital Advisors,   - The #Bydgoszcz #Glinki shopping centre will be redeveloped by Redkom Development, resulting in the construction of a modern retail park with Carrefour as the grocery tenant. The new retail destination with an area of about 16,000 sqm GLA, 25 shops and service outlets will offer residents a wide range of goods, from fashion to beauty, home, pet, #DIY and medical clinics. It is scheduled to open in the fourth quarter of 2025. Elżbieta Kutrasińska, Senior Leasing Manager, Redkom Development. - Volvo Group Tech Hub will occupy 10,000 sqm of space at Brain Park C. A new section of Volvo Car Poland will be moving into the Kraków office building, from Echo Investment S.A., in three phases, starting in September 2024. In the transaction, the tenant was represented by JLL Polska. " This transaction, the largest in the office market in Krakow, is a milestone that will significantly increase Volvo's visibility in the city", comments Przemek Berendt, Head of Volvo Tech Hub. Agata Suder, Senior Consultant, Office Tenant Representation, JLL Polska.   - 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. Michał Samborski, the Head of Development at Panattoni. “This is our investment in the future that will improve our operational efficiency from the first day of moving in", says Szymon Zdziarski, the president of the management board of Neopak. The company is to begin operations from the park just outside Warsaw in September this year. Panattoni Park Warsaw South IV is a logistics centre that is currently under development, which is to eventually comprise close to 100,000 sqm of industrial space in two buildings.

Wednesday, May 15 #Warsaw #Poland - Coffee with Craig Show daily CRE news covering the CEE/SEE/Baltics region with Craig Smith and Winston Norman ONSITE - Marywilska 44 Sp. z o.o. - shopping center in Warsaw burned to the ground May 11/12 - circumstances unknown For interviews and partnerships contact Craig Smith - Craig@EuropaProperty.com -- Publications 2024/5 - EuropaProperty Investment GUIDE – OCTOBER – EXPO REAL (Messe München) - EuropaProperty Retail Guide - November - MAPIC World 2025 - EuropaProperty Real Estate Guide - MIPIM --- EVENTS 2024/5 EuropaProperty Events –2024 May 23, “Baltic Real Estate Awards” (#SOPOT, #Poland) October 15, CRE Awards (#Budapest) October 24, CEE Investment Awards (#Warsaw) 2025 January 30, Retail Awards (#Warsaw) April 3, SEE Real Estate Awards (#Bucharest) -------------NEWS---------- - On behalf of Generali Adriatic Value Fund, SIF, Peakside Capital and Generali Investments Slovenia have sold the #Austria #Trend #hotel located in the capital of #Slovenia. The buyer is Serbian company Agromarket Srbija. Christopher Smith, Head of Portfolio Management CEE at Peakside Capital Advisors,   - The #Bydgoszcz #Glinki shopping centre will be redeveloped by Redkom Development, resulting in the construction of a modern retail park with Carrefour as the grocery tenant. The new retail destination with an area of about 16,000 sqm GLA, 25 shops and service outlets will offer residents a wide range of goods, from fashion to beauty, home, pet, #DIY and medical clinics. It is scheduled to open in the fourth quarter of 2025. Elżbieta Kutrasińska, Senior Leasing Manager, Redkom Development. - Volvo Group Tech Hub will occupy 10,000 sqm of space at Brain Park C. A new section of Volvo Car Poland will be moving into the Kraków office building, from Echo Investment S.A., in three phases, starting in September 2024. In the transaction, the tenant was represented by JLL Polska. " This transaction, the largest in the office market in Krakow, is a milestone that will significantly increase Volvo's visibility in the city", comments Przemek Berendt, Head of Volvo Tech Hub. Agata Suder, Senior Consultant, Office Tenant Representation, JLL Polska.   - 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. Michał Samborski, the Head of Development at Panattoni. “This is our investment in the future that will improve our operational efficiency from the first day of moving in", says Szymon Zdziarski, the president of the management board of Neopak. The company is to begin operations from the park just outside Warsaw in September this year. Panattoni Park Warsaw South IV is a logistics centre that is currently under development, which is to eventually comprise close to 100,000 sqm of industrial space in two buildings.

Monday, June 3 #Warsaw #Poland - Coffee with Craig Show daily CRE news covering the CEE/SEE/Baltics region with Craig Smith and Winston Norman For interviews and partnerships contact Craig Smith - Craig@EuropaProperty.com -- Publications 2024/5 - EuropaProperty Investment GUIDE – OCTOBER – EXPO REAL (Messe München) - EuropaProperty Retail Guide - November - MAPIC World 2025 - EuropaProperty Real Estate Guide - MIPIM --- EVENTS 2024/5 EuropaProperty Events –2024 October 15, CRE Awards (#Budapest) October 24, CEE Investment Awards (#Warsaw) 2025 January 30, Retail Awards (#Warsaw) April 3, SEE Real Estate Awards (#Bucharest) -------------NEWS---------- - PASSERINVEST GROUP, a.s. Group has started the construction of a new office and mixed-use building in Prague's Brumlovka located in Prague 4. Radim Passer, Founder and CEO at Passerinvest Group.   - logistics operator for deep-frozen products FRIGO LOGISTICS has expanded and upgraded the refrigeration infrastructure at its distribution centre in Żnin. The facility will be powered by a solar PV installation. The PLN 80 million investment will bolster the region’s status as a key logistics hub in Poland, enhancing support for domestic, local, and international supply chain companies. Jarosław Kołodziejski, Managing Director of Warehousing at Frigo Logistics. Kajima Poland is responsible for general contracting and design. “The Żnin project marks the fifth collaboration we have completed for Frigo Logistics,” said Sandra Wróblewska, Senior Business Development Manager at Kajima Poland.   - Kaufland continues to expand in Europe and revitalizations are playing an increasingly central role in this. The integration of existing retail locations and modernization has increased recently in comparison to the construction of new buildings. In the Bulgarian capital Sofia, a very special revitalization has now been completed. The historic market hall in the centre of Sofia has been given a new lease of life as a modern shopping location. “As an international retail company, it was a great honour for us to acquire this unique property. We are aware of the responsibility involved and approached the planning with the appropriate respect,” says Michael Hiese, MBA, Head of Central Divisions International. “Preserving the unique character of this historic retail location was always a priority for us."   - Globalworth has secured the LEED certification for Globalworth Tower Center International, located in the CBD area of Bucharest. Cushman & Wakefield Echinox has assisted the office developer in the certification process. Mihnea Cristescu, Project Manager and sustainability specialist within the Project Management department at Cushman & Wakefield Echinox.

Friday, August 9 #Warsaw #Poland - Coffee with Craig Show daily CRE news covering the CEE/SEE/Baltics region with Craig Smith and Winston Norman For interviews and partnerships contact Craig Smith - Craig@EuropaProperty.com -- Publications 2024/5 - EuropaProperty Investment GUIDE – OCTOBER – EXPO REAL (Messe München) - EuropaProperty Retail Guide - November - MAPIC World 2025 - EuropaProperty Real Estate Guide - MIPIM --- EVENTS 2024/5 EuropaProperty Events –2024 October 15, CRE Awards (#Budapest) www.CREAwards.net October 29, CEE Investment Awards (#Warsaw) https://lnkd.in/eiBWSCY 2025 January 30, Retail Awards (#Warsaw) www.RetailAwards.eu April 3, SEE Real Estate Awards (#Bucharest) https://lnkd.in/dFcNGnM May 22 Baltic Real Estate Awards (#SOPOT) https://lnkd.in/dB6ytmkr -------------NEWS---------- - Mitiska REIM has partnered with Park Lane Developments to develop retail parks across #Bulgaria. The joint venture plans to open at least five prime retail parks over the next five years, starting with a project in Sofia's Hadzhi Dimitar district. The first park, scheduled to open by the end of next year, will offer 14,000 sqm of leasable space and aim for BREEAM Official Excellent certification. This collaboration seeks to capitalize on Bulgaria's growing retail market, driven by rising consumer spending and demand for modern retail spaces. Tomas Cifra, Mitiska REIM’s Managing Director for Romania, Czech Republic, Slovakia & Bulgaria. Tanya Koseva-Boshova, Managing Partner at Park Lane Developments   - #Romania's commercial property sector saw €418 million in investment transactions during the first half of 2024, a 131% increase year-on-year, placing the country third in Central and Eastern Europe (CEE) behind Poland and Czechia. The retail and industrial segments drove 90% of this volume. With stabilizing prices and more relaxed financing conditions, experts anticipate significant transactions in the second half of the year, potentially bringing Romania's total 2024 investment volume to around €1 billion. Cristi Moga, Head of Capital Markets at Cushman & Wakefield Echinox .   - Industrial developer 7R SA has started building a new last-mile logistics facility in #Poznań, Poland. The 9,800 sqm 7R City Flex Poznań East I has already leased 77% of its space, with tenants including a logistics provider for the pharmaceutical industry and a company requiring a temperature-controlled urban warehouse. The facility features sustainable technologies such as photovoltaic installations and energy-efficient LED lighting, aiming to achieve BREEAM Official Excellent certification. Only two small modules remain available for lease. Magdalena Kostjan, Business Development & Leasing Director at 7R.