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.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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