Property group NEPI Rockcastle, the largest owner of shopping centres in Romania, has secured a green loan totalling €60 million for Ploiești Shopping City from a syndicate of banks.
Investment fund NEPI Rockcastle has taken over the stake held by Carrefour in Ploiești Shopping City for an undisclosed sum. Following the transaction concluded in September, NEPI Rockcastle has become the sole shareholder of the shopping centre.
Property developer Prime Kapital will open two new shopping centres in Romania by the end of this week. Bârlad Value Centre, with a leasable area of around 20,000 sqm, opens for shoppers on November 30, while Prahova Value Centre in Ploiești, which spans 25,200 sqm, will open on December 3.
Victoria Ploiesti West Retail Park is planned to be opened in March 2019, according to Activ Property Services, the property’s exclusive agent. The project is a proximity retail park with 2,690 sqm of GLA, including some major tenants such as Mega Image (591 sqm), Pepco (543 sqm) and Zoomania (496 sqm).
Ploiesti Shopping City, developed by Carrefour Property Romania and NEPI Rockcastle, has announced an investment of €1 million in remodelling its food court area.
The expansion of Romanian retailer Profi Rom Food SRL site in Ploieşti, Romania is at an advanced stage. The extension construction project is due to complete by September 2018.
The AFI Ploiesti shopping center, owned by AFI Europe Romania, received the LEED Gold Certification. AFI Ploiesti thus becomes the only building in town to achieve the LEED Certification.
Genuine Parts Company signed a multi-year lease for office space in Kraków's Lubicz Park B building. The company’s new location, which will serve as the headquarters of GPC Global Technology Center, will occupy one-and-a-half floors (1,500 sqm in total). JLL Poland took part in lease negotiations and is overseeing the technical side of the GPC office construction process.
The Polish branch of German software developer SAP is to move into the 11th floor of the Varso Tower building in central Warsaw, where it will occupy almost 1,400 sqm.
Peakside Capital has signed a lease with DPD Polska for 7,000 sqm of cross-dock space at City Point Targówek. The complex is now undergoing a major redevelopment. It will eventually offer close to 100,000 sqm of commercial space, making it the largest urban logistics scheme in Warsaw.
New appointments
CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.
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