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Commercial Real Estate News Volume 4 No 4 (37) April 2010 ProLogis leases nearly 70,000 sqm of distribution space in Central Europe ProLogis has announced that it has signed five new lease agreements in Central Europe, covering 68,800 sqm. Three lease agreements were signed in Poland, the first with Viva Manufacturing Poland, a subsidiary of the Viva Group, for 24,400 sqm at ProLogis Park Teresin. The new five year lease renewal will run until June 2015. Viva has occupied the building since its completion in June 2005 and is using the facility for light manufacturing. The second lease agreement in Poland for 13,400 sqm at ProLogis Park Poznan II was signed with IBP Conex, a European leader in the manu- facture of connectors for gas, sanitary and heating systems. The ten year lease, with a break at the end of the fi ft h year, runs from February 2010 until January 2020. The third Polish agreement was a new letting of 7,800 sqm of previ- ously vacant space at ProLogis Park Poznan to Wincanton, a third party logistics provider. The three year lease runs from March 2010 until the end of February 2013. Two lease agreements were also concluded for a total of 23,200 sqm of distribution space at ProLogis Park Prague in the Czech Republic. The first for 13,400 sqm was signed with Teleplan, an electronics service company, for an additional two years, at similar rental levels, extending their cur- rent lease to July 2013. The previous lease, which ran from August 2007 was due to expire in July 2011. The second agreement, a new lease covering 9,800 sqm of previously vacant space, was signed with ESA Logistics, a subsidiary of Hitachi Transport Systems and one of the leading logistics companies in the Czech Republic and Slovakia. Th is lease will run until July 2015. Simon Nelson, head of asset management of PEPR said: We are encour- aged by the level of activity we have seen in Central Europe over the last few months, particularly in light of the competition for space in the region. These new lease agreements, all with existing customers, including two new leases on previously vacant space, demonstrate the strength of our relationships and the attractiveness of PEPRs portfolio. Th is is combined with our local market knowledge and our flexibility to respond to the continuing demand from occupiers for well-located, high quality logistics space. The transaction with ESA Logistics is a good example of how we demonstrate understanding and the ability to adapt to our customer needs while maintaining long term value in our portfolio. Grupo Antolin and MLP sign lease agreement in St. Petersburg Grupo Antolin, a leading international auto component producer, and Multinational Logistics Partnership (MLP), have announced the successful conclusion of a leasing contract in St. Petersburg, Russia. Using the services of Arin Commercial Real Estate Services, Grupo Antolin will be leasing over 10,000 sqm of warehousing/industrial space in MLP Utkina Zavod where they will assemble auto components for local car manufacturers. Our mission is not just to meet customers needs but to optimize our clients distribution and logistics operations. So we look forward for long-term relationships with our client Grupo Antolin and our partner Arin Commercial Real Estate Services, said Michel Pascalis, CEO of Multinational Logistics Partnership. We believe that the deal between Grupo Antolin and MLP is an indicator that the industrial market is alive and well here in St. Petersburg. Th is leasing agreement before the fi nancial crisis would have been a large deal; in todays market it is simply huge, commented Kyle Patching, Managing Partner of Arin Commercial Real Estate Services. King Sturge appointed exclusive agent on Krakow Business Park 100 King Sturge has been appointed as an exclusive agent on Kraków Business Park 100, one of the five existing offi ce build- ings in the complex, located in Zabierzów near Kraków. Th e owner of the building is First Property, established in 2000. Kraków Business Park 100 is a modern four storey offi ce build- ing with 9,500 sqm total area and a large outside car park for 200 cars. A convenient location, near the A4 motorway, Balice International Airport and the railway station guarantees good transport connections with Kraków and other cities. It is also worth mentioning that the development is a part of Krakows Special Economic Zone, which is another advantage of the project. The following companies have chosen the business park as their business location: Asseco Poland, Sabre Polska and Delphi Poland. 5 OFFICE SPACE LISTINGS IN POLAND see inside! April 2010 Volume 4 No 4 (37) Monthly News Published by NEWS Poland well positioned to thrive Poland took centre stage for the first time at this years international real estate fair MIPIM. As a result, the country witnessed many events arranged for partic Commercial Real Estate News Volume 4 No 4 (37) April 2010 Salans advises Bonduelle Group in connection with its investments in Ukraine Salans has acted as a legal advisor in Ukraine to Bonduelle Group, in relation to its investment in the construction of a factory producing canned and frozen vegetab Commercial Real Estate News Volume 4 No 4 (37) April 2010 European housing showing signs of recovery Signs of recovery are visible in some European housing markets, especially in sales levels and prices, says the latest RICS European Housing Review. A significant number of European residential marke Commercial Real Estate News Volume 4 No 4 (37) April 2010 ProLogis leases nearly 70,000 sqm of distribution space in Central Europe ProLogis has announced that it has signed five new lease agreements in Central Europe, covering 68,800 sqm. Three lease agreements were signed in Poland, the first with Commercial Real Estate News Volume 4 No 4 (37) April 2010 Poland is well positioned to thrive after growth in 2009 say market professionals at EuropaPropertys Poland Breakfast Forum Poland took centre stage for the first time at this years international real estate fair MIPIM. As a result, the count Commercial Real Estate News Volume 4 No 4 (37) April 2010 The panel agreed that retail will be the strongest sector because the yields are so attractive. Retail has been holding up pretty well and that is coming across in our valuations, Chris Grzesik explained Going into more detail on why to inves Europaproperty.com provides comprehensive and up-to- date news, information and analysis on commercial real estate markets and related businesses. Through our printed and electronic publications, conferences and awards events we cover the whole of Central and Eastern Europe, Russia and the CIS. Subs Commercial Real Estate News Volume 4 No 4 (37) April 2010 FINANCE FOCUS Hypo Real Invest acquires Vyšehrad Victoria offi ce building in Prague Skanska Property Czech Republic is divesting its offi ce project, Vyšehrad Victoria, in Prague to HRI Immobilienfonds, of the Austrian Hypo Real Invest AG, f Commercial Real Estate News Volume 4 No 4 (37) April 2010 FINANCE FOCUS Corio acquires 1.3 billion Multi shopping centre portfolio Corio has purchased a 1.3 billion shopping centre portfolio from Multi. This ranks as one of the largest European retail portfolio transactions recorded to date. Corio w Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS Galeria Kaskada GTC and Polnord join forces on retail project in Warsaw Globe Trade Centre S.A. (GTC) and Polnord S.A. (Polnord) have signed a term sheet of a joint venture for the development of a modern shopping centre on a 7 h Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS The awards were witnessed by 450 top industry professionals CEE RETAIL A W ARDS Pawel Debowski, Clifford Chance Martin Erbe, WestImmo Daniel Harris, MGPA and the region as a whole, is very much an active market and one that we ho Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS of the Year award. Chapman Taylor picked up Architectural Firm of the Year, Clifford Chance was awarded Law Firm of the Year and First Title took home the Professional Service Provider of the Year award. AWARD WINNERS Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS TriGranit share holders inspect Arenas construction progress IKEA s Port Lodz Arena Centar works ahead of schedule A delegation of TriGranit shareholders and executive management recently visited Zagreb to inspect the constructio Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS Korczowa Dolina Serdika Center Korczowa Dolina offers new commercial venue for trading with Ukraine The investors of Korczowa Dolina Distribution Centre have recently received a building permit to construct the distribution centr Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS Multi Corporation sells 35 percent of Forum Mersin to Union Investment for 68 million Multi Corporation and Union Investment have finalized an agreement to purchase the remaining 35 percent of the shares owned by Multi. Union Inv Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS Polands first Family Point opens in Wroclaw Polands first Family Point has opened its doors in Wroclaw. The 9,000 sqm centre is one of only a few retail parks in the country and features a total of 17 shopping and recreational ou Commercial Real Estate News Volume 4 No 4 (37) April 2010 EuropaProperty presents the 5th annual SEE Real Estate Awards for 2009 Building on the success of the last four EuropaProperty SEE Real Estate Awards, EuropaProperty is proud to present the fifth annual SEE Real Estate Awards for 2009. The Aw Commercial Real Estate News Volume 4 No 4 (37) April 2010 Segro wins a new customer in Tulipan Park Ostrava The German company Erwin Quarder has become the latest customer in Segros Tulipan Park Ostrava, leasing a total of 4,220 sqm of warehouse space. Tulipan Park Ostrava is being developed on a 4 Commercial Real Estate News Volume 4 No 4 (37) April 2010 European investment volumes up 10 percent over last four quarters says DTZ Reflecting seasonal trends, the volume of commercial real estate investment across Europe posted a 29 percent quarter- on-quarter decrease to 16.3 billion, when compar Commercial Real Estate News Volume 4 No 4 (37) April 2010 Central Europe boosts industrial real estate market Central Europe continues to play a significant role on the industrial real estate map, and despite the rebalancing of the global economy, the market saw a number of major transactions; last Commercial Real Estate News Volume 4 No 4 (37) April 2010 People on the move Kirill Popov appointed as Executive Director at C&W in Russia Cushman & Wakefield has announced the appointment of Kirill Popov as an Executive Director. Kirill will focus on coor- dinating the activities of the offi ce, re Selected Offi ce Buildings in Commercial Real Estate News Poland List your available office space in the May edition of The Wire for only 99. Deadline April 25th. Volume 4 No 4 (37) April 2010 photo name of building address net price (per sqm) class total space /available /minimum available investor Commercial Real Estate News Volume 4 No 4 (37) April 2010 Selected Offi ce Buildings in Poland, cont d photo name of building address net price (per sqm) class total space /available /minimum available investor contact agency contact Advertise your SUBLEASE offi ce space in The Wire for only 99 per The Commercial Real Estate NEWS E.C.E. Property Media ul. Łucka 15, 00-842 Warsaw, Poland iption ubscr t: s ac trial for a lease cont perty.com p pro opa eur eting mark Publisher Craig Smith craigeuropaproperty.co +48 604 144 769 Editorial Director Winston Norman winstoneuropaproperty. +48 (22) 586