P3 appoints Stanislava Pištěková as Czech Republic Acquisition Manager

P3 Logistic Parks, a prominent developer and manager of industrial properties across Europe, has named Stanislava Pištěková as its new Acquisition Manager for the Czech Republic. Pištěková brings extensive expertise in real estate acquisition and development, with a proven track record in securing prime land for high-quality industrial projects.

Previously with the State Investment and Development Company, Pištěková has a strong background in the Czech real estate sector, including insights gained from her roles at CzechInvest. Her experience in industrial development, honed during her tenure at Panattoni, further strengthens her capabilities in identifying strategic sites for expansion.

In her new position, Pištěková will focus on sourcing and evaluating land to expand P3’s Czech portfolio. Her efforts will be integral to P3’s mission to provide best-in-class industrial properties to meet the growing demand in the region.

“We are delighted to welcome Stanislava to the P3 team,” said Aleš Zacha, Head of Development and Acquisition at P3 Czech Republic. “Her extensive experience and insight into the Czech market make her an invaluable asset as we continue to expand our footprint in the country.”

Pištěková expressed enthusiasm for her new role, saying, “I am thrilled to join P3, a leader in the industrial real estate sector. I look forward to using my experience to secure strategic land acquisitions that align with P3’s standards and contribute to the company’s growth in the Czech Republic.”

GESTOR REAL ESTATE sells Mazarrón Park in Murcia to Epsilon 360° SCPI

Hungarian real estate company GESTOR REAL ESTATE has announced the successful sale of Mazarrón Park, a popular retail complex on Spain’s Costa Cálida, to French investment fund Epsilon 360° SCPI. The off-market transaction highlights strong investor interest in high-performing assets in prime Spanish tourist destinations.

Mazarrón Park, strategically positioned at the gateway to Puerto Mazarrón and near the AP7 motorway connecting Alicante and Almeria, was originally developed by Barcelona-based ACTIV GROUP in 2018 and acquired by GESTOR REAL ESTATE over four years ago, during the Covid pandemic. The retail center benefits from high visibility and a robust tenant mix, featuring four units anchored by well-known names: an ALDI supermarket, a BP petrol station, a Burger King, and a multi-tenant retail building housing popular brands such as Tedi, Jysk, Sprinter, and Kiwoko.

With 370 parking spaces and a record of 100% occupancy since its inception, Mazarrón Park has become a significant shopping hub, catering to both local residents and the high influx of tourists frequenting the Costa Cálida. The complex’s proximity to major brands like Mercadona, Lidl, and McDonald’s further strengthens its draw as a retail destination.

Mazarrón, known for its 35 kilometers of Mediterranean coastline and year-round visitor appeal, attracts over one million tourists annually, bolstering foot traffic at Mazarrón Park. This steady flow of visitors, combined with a growing local population, has contributed to the center’s impressive occupancy and growth trajectory.

With this acquisition, Epsilon 360° SCPI secures a highly sought-after asset in a key tourist market, emphasizing the continued demand for strategically located retail properties in Spain.

Poland: Inflation expectations stabilize, but risks persist: WPI report for November 2024

Inflation Expectations Stabilize, But Risks Persist: WPI Report for November 2024

The Future Inflation Index (WPI), which forecasts changes in consumer goods and services prices for the coming months, remains unchanged in November 2024 compared to the previous month. The decline in inflation expectations from both consumers and businesses has contributed to this stable outlook. However, rising raw material prices on global markets, increasing government borrowing costs, and the weakening of the złoty against the US dollar could push inflation higher.

Consumer inflation expectations have weakened for the second consecutive month, though they remain high. Currently, 83% of respondents anticipate rising prices, but a shift has occurred, with more people expecting price growth to stabilize or slow rather than accelerate.

Inflation expectations among manufacturing companies have also decreased, mirroring the decline in producer price inflation (PPI). This reduction is driven by weak demand, both domestically and internationally, leading to increased price competition. However, industries differ in their pricing outlooks. Food producers continue to show the strongest inclination to raise prices, reflecting their dominant share of nearly 28% in the consumer price index (CPI). Other sectors, such as clothing and household goods, also report a high tendency to increase prices.

The IMF’s commodity price index saw a notable increase in October, primarily due to higher prices for non-ferrous metals, while food raw materials remained stable and oil prices slightly decreased. The rise in metal prices impacts producer prices first, with its effects on consumer inflation typically delayed.

Develia launches sales for Jesionowa Vita flats in Gdańsk

Develia has officially begun selling 77 apartments in its new Jesionowa Vita development, located in the historic Wrzeszcz district of Gdańsk. Designed to blend seamlessly with the area’s classic architecture, the project features two elegant buildings inspired by the style of traditional townhouses. Flats range from cozy 28-square-meter studios to spacious four-room apartments of up to 74 square meters, with prices starting at PLN 18,100 per square meter.

In addition to the apartments, Jesionowa Vita will include underground parking with 77 spaces, storage units, and a recreational area with a playground. The development’s visual centerpiece will be a striking 20-meter red-leaved beech tree, recognized as a natural monument since 1988.

“Jesionowa Vita offers more than just housing,” said Anna Samulak, head of sales at Develia. “This project combines Wrzeszcz’s architectural heritage with modern construction standards. With its central yet green location, it’s ideal for those seeking convenience and comfort.”

Situated close to public transportation, Jesionowa Vita provides easy access to major business hubs like Alchemia, Olivia Business Centre, and the Neptun Office Centre. Residents will also benefit from nearby amenities, including Galeria Bałtycka, Manhattan Shopping Centre, and Galeria Metropolia, as well as a lively local scene with restaurants, cafés, and cultural venues.

The development will also offer access to green spaces such as the Tri-City Landscape Park, Jaskowa Valley Park, and de Gaulle Park, perfect for relaxation and outdoor activities.

Construction for Jesionowa Vita is scheduled to begin in early 2025, with completion and handover anticipated by the fourth quarter of 2026.

STRABAG PFS secures long-term contract for Federal Digital Radio facility management

STRABAG Property and Facility Services (STRABAG PFS) has been awarded a significant contract by the Federal Agency for Digital Radio of Security Authorities and Organisations (BDBOS) to provide facility management services across a network of core sites crucial to digital radio operations. The contract, effective immediately, is set for a minimum duration of six years, extending STRABAG’s longstanding partnership with BDBOS.

The comprehensive agreement covers both technical and infrastructural facility management, including maintenance and servicing of all technical building systems, along with specific requirements for key sites like network management centers and exchanges. STRABAG PFS will also handle outdoor maintenance, cleaning, and winter services, with the majority of work conducted by in-house personnel.

“We’re committed to delivering energy-efficient, reliable building operations for BDBOS’s essential infrastructure,” stated Dirk Brandt, Managing Director Key Accounts at STRABAG PFS.

This contract builds on STRABAG PFS’s relationship with BDBOS, which began in 2015, marking nearly a decade of collaboration in maintaining Germany’s secure digital radio infrastructure.

Home Credit’s secured loans to entrepreneurs surpass 200 million crowns

In just a year since entering the secured loan market for entrepreneurs, Home Credit has achieved notable success, providing over CZK 200 million in loans to Czech businesses this year. By securing loans with clients’ residential properties, Home Credit is able to offer more competitive terms. The company reports that the highest demand is for refinancing existing loans, with the average loan size reaching CZK 4 million.

Home Credit’s approach is focused on empowering small and medium-sized enterprises (SMEs) with secured loans that feature some of the best interest rates available in the non-bank sector. “We offer not only competitive rates but also transparent terms. Entrepreneurs particularly value the option to repay after one year without penalties,” said Richard Kouba, Home Credit’s product manager.

Growing interest in these secured loans reflects Home Credit’s expanding role in the market. In addition to refinancing, many business owners are now seeking financing for new development initiatives. “Recently, we’ve seen heightened interest in funding development projects. To meet this demand, we’re looking at customized financing options for developers and builders, with loan amounts reaching into the tens of millions of crowns,” Kouba added. Home Credit aims to become a go-to financing partner for developers, especially those who may find traditional bank financing slow or inaccessible.

“We are committed to offering transparent, fair, and flexible loan products that empower entrepreneurs to grow their projects,” stated Luděk Jírů, CEO of Home Credit. “Through this approach, we hope to make a meaningful impact on the sustainable growth of SMEs in the Czech Republic while promoting responsible practices in the non-bank loan market.”

Home Credit’s commitment to responsible lending includes thorough assessments of clients and their properties. The company evaluates applicants’ financial health, ensuring they are debt-free and not under bankruptcy or insolvency proceedings. As for collateral, Home Credit accepts residential properties used as primary or secondary homes, including apartments, family houses, holiday homes, and studios, with loan amounts up to 70% of the property’s current market value.

Designed for both legal entities and individual entrepreneurs, Home Credit’s secured business loans are typically capped at CZK 30 million, with maximum amounts extending to CZK 100 million. Loan terms can be stretched over a 20-year period, provided the borrower has been in business for at least six months and has a stable income stream to support repayment.

As Home Credit continues its expansion in the entrepreneurial finance sector, its focus remains on fostering sustainable growth for SMEs and upholding ethical lending standards that build trust and stability in the Czech non-bank financial landscape.

Panattoni opens 23,000 sqm BTS factory for TRILUX in Świdnik

Panattoni has officially launched operations at a new 23,000 sqm build-to-suit (BTS) factory developed for TRILUX, a leading German manufacturer of professional lighting solutions. The facility, located in Świdnik, marks TRILUX’s first manufacturing site in Poland and represents a significant step in the company’s expansion into Central and Eastern Europe.

The decision to establish the factory in Świdnik was driven by TRILUX’s commitment to meeting the growing demand for energy-efficient and eco-friendly LED lighting products. With the capability to produce up to one million light fittings annually, the plant will enhance the company’s production capacity, reduce supply chain times, and improve service to its customers in the region.

Marek Foryński, BTS Managing Director at Panattoni, expressed pride in the partnership with TRILUX, noting, “Working with TRILUX is a great honor and reinforces our position as the preferred partner for international industry leaders. Poland has become a key industrial hub, and our BTS solutions provide businesses with the high-quality manufacturing space needed to innovate and grow.”

The factory is equipped with cutting-edge manufacturing technology, including in-house metal and plastics processing, a state-of-the-art powder coating plant, and flexible assembly stations. This modern infrastructure allows TRILUX to efficiently cater to individual customer orders while maintaining high production standards.

“This project is a perfect example of a BTS development. It involved complex site preparation and construction, completed in just seven months, with the production hall tailored to advanced manufacturing processes and office spaces that meet the highest standards,” said Maciej Zawada, BTS Development Director at Panattoni.

The office space at the Świdnik factory spans over 3,000 sqm and follows the ‘New Work’ concept, offering a modern and comfortable environment designed to promote creativity and productivity. The space includes offices, conference rooms, rest areas, and focus rooms, all equipped with TRILUX’s intelligent human-centric lighting (HCL) system. The design aims to enhance the well-being and productivity of employees, with a stylish canteen serving as a hub for relaxation and social interaction.

TRILUX chose Poland for its third European manufacturing facility due to the country’s strategic location, competitive costs, skilled workforce, and favorable business conditions. The investment is already benefiting the local economy, having created 80 new jobs, with plans to expand to 250 employees in the near future.

Panattoni’s commitment to sustainable development is evident in the factory’s design, which aims to achieve a BREEAM Excellent rating. The building features energy-efficient solutions, including solar panel-ready roof reinforcement, electric vehicle charging stations, and water-saving technologies. Additionally, the site incorporates green initiatives such as native shrubbery, a flower meadow, and insect hotels to support local biodiversity.

This new development is part of Panattoni’s broader strategy of supporting clients across various industries with customized BTS solutions. To date, the developer has completed over 4 million sqm of BTS space, accounting for 30% of its total projects. Recently, Panattoni also completed a 13,500 sqm factory for Maxcess in Fałkowo and a 9,200 sqm facility for Air Spiralo in Szamotuły, further solidifying its leadership in the BTS market.

The TRILUX factory in Świdnik is set to become a model of modern manufacturing, blending high-tech production with sustainability and employee well-being.

First phase of Le Jardin, LIVING’s greenest residential park, completed

LIVING has successfully completed the first phase of its flagship green residential development, Le Jardin, located in Rozsnyay utca, District 13. The project has received its final use permit, and the handover of 165 energy-efficient apartments with an A+ energy rating has commenced. This marks a significant milestone for LIVING, as Le Jardin stands as one of the greenest residential parks in Hungary.

Designed with sustainability at its core, Le Jardin is one of the first residential developments in Hungary to have obtained a BREEAM Very Good certification in the design phase, a testament to its commitment to environmentally friendly solutions. The development combines eco-conscious technology with modern living, offering residents a unique, energy-efficient living experience in a dynamic yet green environment.

Located next to the Rákos Stream, the residential park is surrounded by nature and features easy access to outdoor spaces via a walkway. Despite its tranquil setting, Le Jardin benefits from excellent connectivity, with the city center easily reachable by car and public transport. The Forgách utca metro station (M3) is a 10-minute walk away, and tram no. 14 stops just five minutes from the development. Active lifestyle enthusiasts will appreciate the nearby bicycle paths, while schools, playgrounds, and other amenities further enhance the appeal of the location.

Tibor Tatár, Head of Residential and Office Development at LIVING’s parent company WING, shared his excitement about the project: “The completion of Le Jardin’s first phase is a milestone in our history. This residential park is not only our greenest development but also one of the first to achieve BREEAM certification in Hungary. The sustainability of the development is reflected in its A+ energy rating, heat pump-powered heating, cooling, and hot water systems, and the modern ceiling heating technology installed in every unit.”

Le Jardin offers a range of units, from practical studio apartments to spacious five-room penthouses with panoramic views. Nineteen homes in the development have direct access to the garden. The underground parking garage contains 188 spaces, including 58 equipped with electric chargers. Residents will enjoy over 2,300 sqm of lawn space, with 45 newly planted trees enhancing the park’s green ambiance.

In addition to its sustainable features, Le Jardin provides innovative community and smart home solutions to enrich the living experience. The community services include a business corner, a communal living room, a BBQ area, a herb garden, and a car-sharing program, fostering a sense of connection among residents. Smart home technology is integrated into every unit, allowing for seamless control of appliances, with customizable options for those seeking advanced functionality.

LIVING also offers a range of services to ease property management through its professional service provider, LIVING Service. The company supports residents with everything from property management and renting services to interior design and loan intermediation.

With sales currently underway and limited availability, Le Jardin promises to be a unique and desirable living space in Budapest, combining sustainability, comfort, and modern technology in an eco-friendly environment.

UBM unveils model apartment at Timber Praha residential project

UBM Development Czechia has introduced a model apartment at its Timber Praha project, showcasing a unique blend of modern design and natural materials. Located in Prague-Reporyje, this newly completed residential development features buildings constructed with CLT (cross-laminated timber) panels, offering extraordinary energy efficiency (PENB A) and BREEAM Excellent environmental certification. The apartments are now ready for occupancy, with exclusive sales handled by Lexxus Norton.

The model apartment, covering 51.6 m² in the L building, emphasizes the warmth and comfort of natural materials. “The wood accents in Timber Praha make the interiors inherently warm and inviting, even without furnishings,” says David Lukas, Chief Architect of UBM Development Czechia. The apartment features natural wood ceilings and oak parquet floors, while practical plasterboard is used on the walls. Furnishings also follow a natural theme, with a palette that blends shades of brown, white, blue, and grey to harmonize with the wood.

The design of the apartment is unconventional, with the bedroom accessible via two sliding doors from the open living area, which connects seamlessly to the kitchen. The space is further enhanced by a 10 m² terrace that offers outdoor living opportunities, and large windows fill the apartment with natural light, creating a cozy and bright atmosphere.

The furniture in the model apartment reflects both quality and functionality. An Italian sofa from Ditre Italia adds a touch of color to the living room, while furniture from Slovak brand Javorina, known for its solid wood pieces, completes the space. The kitchen features veneered oak boards with white lacquered cabinets, a sleek granite countertop, and top-tier Electrolux appliances. The bedroom includes a bed with a wooden front and a built-in white wardrobe by Čochner Design.

The apartment is decorated with high-end accessories, including Spanish design vases, Bohemia Crystal glassware, and a bottle rack by Alessi. The bathroom includes fixtures from Hansgrohe, and the walls are adorned with art, including an original painting by a student from a secondary school of arts and crafts.

Timber Praha is part of the Arcus City development, a new residential district located near the borders of Řeporyje and Stodůlky. The district is designed with sustainability in mind, incorporating energy-saving elements like heat pumps, geothermal wells, photovoltaic panels, and a Smart Home system that regulates heating, cooling, and energy consumption. The apartments are also equipped with underfloor heating and cooling systems, making them comfortable year-round.

Each apartment includes a cellar, parking space in an underground garage, and either a balcony, terrace, or front garden. The project is set within a peaceful, family-friendly environment, surrounded by natural beauty, including the nearby Prokopské and Dalejské valleys and Řepora Biopark. Residents will also benefit from excellent transport connections, with a soon-to-be-opened bus stop providing access to the Stodůlky and Luka metro stations, just 20 minutes from the city center.

Josef Wiedermann, Managing Director of UBM Development Czechia, emphasized the uniqueness of the Timber Praha project, saying, “This is a truly one-of-a-kind development in the Czech Republic, offering sustainable living in a beautiful, serene environment.”

For those interested, UBM has prepared additional model apartments of various sizes, allowing prospective buyers to experience how different layouts can be furnished in a comfortable and inviting manner. Viewings can be arranged by appointment through Lexxus Norton.

INTREAL reports steady growth for Q3 2024, with bright outlook for year-end

INTREAL, a leading third-party AIFM in Germany’s real estate sector, continued to exhibit moderate growth in the third quarter of 2024, reinforcing its position as a prominent player in the industry. As of 30 September 2024, the company’s assets under administration (AuA) reached approximately €66.4 billion, reflecting a quarterly increase of €256 million, or 0.4%. Compared to the end of 2023, AuA saw a rise of over €738 million, or 1.1%, highlighting the company’s consistent performance amidst a fluctuating market.

INTREAL’s portfolio expanded during Q3, with the total number of properties under management rising to 2,717, an increase of seven properties since the end of June. Additionally, the number of funds managed by the company grew to 315, up from 305 at the end of 2023. Staff levels also rose, with 528 employees across the company’s offices in Hamburg, Frankfurt, and Luxembourg.

Camille Dufieux, Managing Director of INTREAL, expressed optimism about the company’s performance in 2024, despite the slower growth pace compared to previous years. “While the market has been more restrained, we are seeing signs of modest recovery, particularly in transaction activity and preparations for new investment funds. The focus has shifted towards individual funds and club deals involving well-known investment real estate, rather than large-scale blind pools,” Dufieux explained.

INTREAL’s Partner Funds division, the largest of its business units, accounted for over 54% of the company’s total AuA, which reached approximately €36.1 billion by the end of Q3 2024. This division saw an increase of €251 million in AuA between mid-year and the end of September, with a total increase of €730 million year-to-date. The division provides comprehensive services for launching and managing alternative investment funds (AIFs), supporting asset managers and property developers without AIFM licenses.

In INTREAL’s second major business line, the AIFM Services division, AuA amounted to €30.3 billion by 30 September 2024, with a total of 160 funds under management. This division offers administrative services, including reporting, controlling, fund accounting, and risk management, to other licensed AIF management companies.

With continued growth in its key business divisions and a positive market outlook, INTREAL is positioned for a strong finish to 2024. The company’s diversified portfolio and expertise in fund management and administrative services continue to drive its success in a dynamic real estate market.

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