Adval Asset Management supported by JLL's Capital Markets team has successfully secured the refinancing of €6 million of Cascade Offices. Cascade Offices is a 4200 sqm office building delivered in 2005 and located on Buzesti Street, in the heart of the Central Business District of Bucharest. Among the main tenants, the project counts Procredit Bank, Enel and Taiwan TC.
Warsaw-based developer Echo Investment has concluded two loan agreements worth over EUR 317 million with Berlin Hyp, ING Bank Śląski and Helaba – Landesbank Hessen-Thüringen. These investment loans will be used to refinance four office and seven retail projects.
Cushman & Wakefield brokered the lease of a prominent four-storey unit of 5,500 sqm retail area in Prague on Wenceslas Square to HalfPrice, a Polish off-price brand retailer, part of the CCC Group. HalfPrice's flagship store in Prague will be the company's largest store in the world.
The global healthcare company, Falck, has chosen the Skyliner in Warsaw, owned by the Karimpol Group as its new office for their IT department in Poland. It will occupy nearly 1,500 sqm of space.
A new tenant has moved into Kraków's V.Offices office building. Imperial Brands Services has signed a lease for nearly 1,600 sqm of space. The building's owner, AFI Europe, was represented in the transaction by experts from Knight Frank, while the tenant was represented by the CBRE agency.
New appointments
In September, Michal Berski took up the position of head of the warehouse sector at CBRE Poland. He has been with the company for over 10 years. In his new role, he manages strategy and the development of all business lines within the warehouse and industrial sector.
Slawomir Czarnecki is the new president of Grupa Muszkieterów and ITM Poland. He has replaced David de Bosschère. The new CEO is the owner of the Bricomarché shop in Świecie and has many years of experience in trade, as well as in the Group's internal structures.
LCP Properties, a developer in the Polish retail park market, is continuing to strengthen its organisational structure. Andrzej Plit has been appointed as the new Finance Director. Meanwhile, for the LCP-owned EMKA shopping centre in Koszalin, Daria Kokowska became the new Shopping Center Director.
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