City Point Targówek to be expanded with the next phase

16
Jul
2024
News - City Point Targówek to be expanded with the next phase #logistics #Partners Group #Peakside Capital Advisors #Poland #warehouse #Warsaw

by Property Forum | Industrial

The joint venture between Partners Group and Peakside Capital Advisors has launched the construction of the C2 facility at City Point Targówek. The light industrial building will offer 25,000 sqm of space with units starting from 1,000 sqm. Depenbrock Poland is the general contractor for the project.


The C2 building is currently under construction in Targówek, Warsaw, offering more than 25,000 sqm of space, of which 3,000 sqm will be office space. The building will offer urban logistics & industrial units ranging from 1,000 to 3,000 sqm, to accommodate a wide range of uses including manufacturing & storage.

The project is targeting BREEAM Outstanding and LEED Platinum certifications. It involves the re-development of buildings which were obsolete and energy intensive.

Roman Skowroński, Managing Director of Peakside Capital Advisors comments: “It is important to remember that the City Point Targówek site has a rich history dating back to the 1950s, when the first industrial & warehouse halls were built. By investing here, we are reclaiming an area within an extremely attractive location, returning it to its former glory. Brownfield re-developments such as the one in Targówek are more environmentally friendly because they revitalize already developed land rather than urbanizing new land. This helps reduce pressure on new land and contributes to the sustainable development of the city.”

The facility will be equipped with energy-saving technologies including photovoltaic power systems and intelligent industrial facility management systems. In addition, 8,000 sqm of green areas around the C2 building are planned to be revitalized.

The next phases of the park’s redevelopment will see the construction of four additional buildings to accommodate logistics, e-commerce, and other tenants looking for urban logistics space or quality manufacturing and warehouse space. When completed, the City Point Targówek park will total 100,000 sqm.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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