Coffee with Craig Show: Your Daily Source for CRE News Across the CEE Region

“Coffee with Craig Show: Unveiling Daily CRE Updates Across the CEE Region – Monday, May 8”

Tune in to the latest episode of the Coffee with Craig Show, your ultimate source for daily Commercial Real Estate (CRE) news spanning the Central and Eastern European (CEE) region. Join Winston Norman, Editor in Chief of, as he delves into the latest developments shaping the CRE landscape.

In the spotlight today:

Panattoni, a leading player in the real estate market, has recently concluded the sale of a state-of-the-art logistics center spanning 33,000 square meters in Uniejów. Developed as a build-to-suit (BTS) facility, this transaction marks a significant milestone in Panattoni’s portfolio. LCN Capital Partners, a prominent investment firm, emerges as the acquirer, securing its fourth establishment within the esteemed K-Flex manufacturing campus developed by Panattoni.

Ward Stocker, representing LCN Capital Partners, underscores the appeal of the property, citing its blend of premium real estate and promising growth prospects. “The combination of quality real estate and the potential for further growth makes the facility an attractive investment, Stocker notes, reaffirming LCN Capital Partners’ commitment to investing in the K-Flex ecosystem.

Paweł Piasecki, Executive Director of Panattoni BTS, sheds light on the strategic significance of the deal.

This deal confirms a strong interest in BTS buildings leased to one tenant over a long term,” Piasecki asserts. He emphasizes the allure of investment structures characterized by pre-agreed commercial terms, particularly amidst the current financial market turbulence.

Stay tuned to Coffee with Craig for more insightful updates on the dynamic world of CRE in the CEE region.

“CA Immo Finalizes Sale of Vizivaros Office Center in Budapest”

CA Immo, a prominent player in the real estate sector, has recently concluded the sale of the esteemed Vizivaros Office Center situated in Budapest. Spanning approximately 14,200 square meters of total lettable space, this project stood at an impressive 96% occupancy rate, boasting an annual gross rental income of approximately €2.5 million. The discerning buyer behind this acquisition is a real estate fund managed by FLE GmbH.

Keegan Viscius, Chief Investment Officer of CA Immo, expressed his satisfaction with the transaction, stating, “This successful sale in Budapest is another step in our capital rotation program where we seek to divest assets with no strategic fit in our long-term portfolio while improving our portfolio and cash flow quality.”

CBRE Hungary played a pivotal role in facilitating the sale process, serving as the exclusive financial and real estate advisor throughout the transaction.

The sale of the Vizivaros Office Center underscores CA Immo’s commitment to strategic portfolio optimization, aligning with their overarching objective of enhancing portfolio quality and maximizing cash flow efficiency.

“VIA Outlets Sees 20% Surge in Brand Sales in Q1 2023 Across Europe”

VIA Outlets, renowned for its premier fashion outlet centers spanning across 11 key locations in Europe, has reported a remarkable 20% surge in brand sales during the first quarter of 2023. This notable uptick in performance is attributed to several factors, including a robust rebound in tourism post-pandemic, the introduction of multiple new brands, and an elevation in net spending per visitor.

The quarter witnessed a substantial 13.3% increase in total footfall, coupled with a notable 21.4% spike in guest spending per visit between January and March. This surge represents a significant 6.2% upturn compared to the corresponding period in 2022.

With a valuation standing at approximately €1.8 billion, VIA Outlet’s diverse portfolio has consistently delivered remarkable results. In 2022, the outlet center portfolio achieved a record-breaking total brand sales figure of €1.2 billion.

Otto Ambagtsheer, the CEO of VIA Outlets, remarked on the impressive performance, stating, “This year has, so far, been notable for the continuation of the resurgence in brand sales we saw during the fourth quarter of 2022. It’s clear that the rapid recovery has been supported by the competitive prices our guests can find in our outlets, particularly during periods of economic downturn.”

The robust performance showcased by VIA Outlets in Q1 2023 underscores its position as a leader in the European fashion retail landscape, with a steadfast commitment to delivering unparalleled value and experiences to its clientele.

“Revetas Group Welcomes Edgar Rosenmayr as Senior Advisor”

Revetas Group has recently announced a significant strategic partnership with the appointment of Edgar Rosenmayr as Senior Advisor. Rosenmayr joins the esteemed Revetas team, bringing with him a wealth of experience and expertise to bolster the company’s strategic initiatives. In his new role, Rosenmayr will provide invaluable support to Revetas, offering insights into ongoing fundraising efforts, transaction advisory services, and collaborating closely with Senior Management and the Investment Management team.

Expressing his enthusiasm for the new partnership, Edgar Rosenmayr stated, “I am thrilled about my new partnership with Revetas Capital, a team that upholds the highest ethical and sustainability standards and sets high-quality benchmarks for its groundbreaking investments. I have faith that our joint efforts will bring about strategic and competitive advantages for our investors.”

Eric Assimakopoulos, Founding Partner at Revetas Capital, echoed Rosenmayr’s sentiments, emphasizing the significance of this strategic collaboration. Assimakopoulos remarked, “We are very pleased with this strategic partnership with Edgar Rosenmayr. His extensive institutional investments background coupled with international experience across continents constitutes a key addition to our team.”

The appointment of Edgar Rosenmayr as Senior Advisor marks a pivotal moment for Revetas Group, reaffirming its commitment to excellence and innovation in the real estate investment sector. With Rosenmayr’s expertise and Revetas’ visionary approach, the company is poised to achieve new heights of success and deliver unparalleled value to its investors and stakeholders.

Jann Confield
Jann Confield
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