Kharkiv Arena construction started

Construction
UKRAINE The cornerstone ceremony has been held for the construction of the Kharkiv Arena.
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The UAH 350 mln (EUR 32 mln) sports complex in Kharkiv should be ready for the FIBA EuroBasket championship in 2015. The deadline for the completion of the construction is December 2014. The investor, the Eastern-European Fuel and Energy Company (VETEK), is to put up 25 pct of the investment costs from its own funds with the rest to be financed by credit. The capacity of the stadium depending on the type of event will be 7,086 seats for basketball and martial arts competitions and 5,062 for hockey. Kharkiv-based KTM MIR is responsible for the architectural design.

Latest news

Office & mixed-use development

Poland IT chooses Office House 

schedule 27 February 2025
Opr./edited by ANZ

Emagine, an IT outsourcing company, has leased 6,000 sqm of office space in Office House. The office building is being constructed in Warsaw as part of the first stage of the Towarowa22 mixed-use project.

Office & mixed-use development

Slovakia Chalupkova enters permitting process

schedule 27 February 2025
Opr./edited by JC

The second phase of the Chalupkova office building project will be built on the corner of Chalupkova and Mlynské nivy streets in Bratislava. Preparatory work on the site is planned for H2 of 2025.

Office & mixed-use development

Czech Republic Office space imbalance in Prague

schedule 26 February 2025
Opr./edited by JC

According to an analysis by Savills, office development in Prague has been declining rapidly since 2021. This trend is confirmed by 2024 figures, which show that only 72,800 sqm of new office space was completed there.

Office & mixed-use development

Poland New supply stagnates as tenants rethink strategies

schedule 26 February 2025
Opr./edited by JC

Occupier demand in Poland’s regional city office markets rebounded in late 2024, says BNP Paribas Real Estate Poland in its report At a Glance. Regional City Office Markets Q4 2024.

Warehouse & industrial

Poland GT Logistics stays with Reino

schedule 26 February 2025
Opr./edited by JC

GT Logistics has renewed its lease for 21,000 sqm of warehouse space at Reino IO Piotrków. The company is part of Grupa Transportowa, which operates in the TFL sector.

Office & mixed-use development

Germany Central Parx pre-leased as work begins

schedule 25 February 2025
Opr./edited by ANZ

International law firm White & Case has been secured by ABG Real Estate Group and HanseMerkur Grundvermögen as a long-term anchor tenant for11,670 sqm of the office space in the Central Parx development in Frankfurt am Main.

Investment & finance

Poland Holcim to expand research centre

schedule 25 February 2025
Opr./edited by ANZ

Holcim Polska has received funding from the National Centre for Research and Development under European Funds for the development of innovative building materials and the expansion of a modern Research and Development Centre in the Kujawy region.

Warehouse & industrial

Poland 50k leased by drugstore chain

schedule 25 February 2025
Opr./edited by ANZ

Panattoni is expanding Panattoni Park Zgierz on the northern outskirts of Łódź with a new 70,000 sqm phase. Following the expansion, the park will reach a total size of 120,000 sqm.  A leading drugstore chain has leased 50,000 sqm of the space.

Investment & finance

Romania Western appetite is strong in Romania

schedule 25 February 2025
Opr./edited by ANZ

Investors from Western Europe, particularly from Austria, the Netherlands, Belgium, and the United Kingdom, spent EUR 1.75 bln on real estate assets in Romania over the past five years, according to data Cushman & Wakefield Echinox. 

Investment & finance

Czech Republic Record hotel deal in Prague

schedule 24 February 2025
Opr./edited by JC

Hilton Prague has been sold to the Czech group PPF, marking the largest single-asset hotel transaction ever recorded in CEE. The hotel comprises 791 rooms.

Investment & finance

Serbia GTC sells in Belgrade

schedule 24 February 2025
Opr./edited by JC

GTC has closed the sale of its GTC X office building in Belgrade for EUR 52 mln. The facility offers nearly 18,000 sqm of space.

Retail & leisure

Romania Scallier has plans for Romania

schedule 24 February 2025
Opr./edited by JC

Poznan-based company Scallier is opening another facility under the Funshop Park brand in Romania. The retail park of approx. 10,000 sqm, located in the Arad district, is nearing completion.

Warehouse & industrial

Poland Lease extension at Prologis Park Łódź II

schedule 24 February 2025
Opr./edited by JC

One of the companies offering supply chain management solutions has extended its lease for warehouse and office space at the Prologis Park Łódź II logistics park. The facility has a total area of nearly 30,000 sqm.

Warehouse & industrial

Poland Chinese giant expands in Poland

schedule 24 February 2025
Opr./edited by JC

JD.com has joined the tenant lineup at MLP Pruszków II. Through its subsidiary, Jingdong Logistics – Chinese supply chain logistics operator – the company has secured a lease of 9,600 sqm of warehouse and office space.

Investment & finance

Poland Fortress buys from Panattoni

schedule 21 February 2025
Opr./edited by JC

Fortress Real Estate Investments has acquired Panattoni Park Tricity East V. The complex includes a completed warehouse covering 50,000 sqm.

Investment & finance

Poland Henderson Park & EPP secure EUR 148.6 mln refinancing

schedule 20 February 2025
Opr./edited by ANZ

Henderson Park, the international private equity real estate firm, and EPP, the asset manager of office properties, have successfully secured a EUR 148.6 mln loan from Berlin Hyp AG and PKO Bank Polski to refinance a Polish office portfolio.

Warehouse & industrial

Poland GLP attracts magnets

schedule 20 February 2025
Opr./edited by JC

The final building at GLP Kraków Airport Logistics Centre has been completed. The developer delivered a 9,500 sqm warehouse for SMA Magnetics.

Warehouse & industrial

Germany Garbe leases to vehicle manufacturer in Ludwigsfelde

schedule 20 February 2025
Opr./edited by ANZ

Garbe has signed a long-term lease with a well-known German vehicle manufacturer. The new tenant will occupy a total area of 12,400 sqm in the logistics property which is currently under construction near Berlin. 

Investment & finance

Poland Millions by the sea

schedule 19 February 2025
Opr./edited by JC

Panattoni has secured EUR 17.3 mln in financing from Santander for Panattoni Park Gdańsk City Airport. The project consists of two speculative distribution facilities.

Investment & finance

Poland IHG invests in urban micro-hotels

schedule 19 February 2025
Opr./edited by ANZ

IHG Hotels & Resorts acquires the Ruby hotel brand for an initial purchase price of EUR 110.5 mln, or approx. USD 115 mln. Ruby is the 20th brand in the IHG portfolio.

Latest in Construction

schedule 10 February 2025

2025 looks optimistic for the construction companies

According to a report by research company Spectis “Construction companies in Poland 2025-2030”, the total revenues of the 300 leading construction groups in 2023 amounted to PLN 152 bln, which accounted for more than 60 pct of the revenues of the entire sector of medium and large construction companies. 

schedule 02 September 2024

Strabag to build The Arc

Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office property, The Arc. The investment will bring a ten-story, class A office building to the 6th District of Bucharest.

schedule 06 May 2024

Digitalisation to the rescue

In Berlin Hyp’s most recent Trendbarometer, more than 200 real estate professionals expressed their opinions on opportunities and risks in the real estate industry at the moment. In addition, the expert survey focused on the effects of megatrends such as demographic developments, digitalisation and urbanisation.

schedule 08 January 2024

There's hope in the modules

According to the report released by research firm Spectis, “Modular construction market in Poland 2024-2029”, top 100 manufacturers of prefabricated buildings made of wood, steel, concrete, or LECA generated revenue of nearly PLN 10 bln in 2022, with 47 pct of the figure contributed by sales in the modular building segment.

schedule 17 July 2023

Erbud and Daewoo sign five-year MOU

Polish construction company Erbud has signed a cooperation agreement with South Korean giant Daewoo Engineering & Construction to jointly implement projects in the energy and key industrial, infrastructural and military sectors across Poland.

schedule 03 July 2023

Russian builders enlisted in return for orders

Moscow city authorities have “asked” development and construction companies to enlist their workers to fight in the war in Ukraine in exchange for orders. One of these corporations is to provide the Russian defence ministry with 30 volunteers ready to be posted to the front by the end of August.

schedule 17 April 2023

Skanska to build for CD Projekt

Skanska has been commissioned to construct a new building for Polish video game developer CD Projekt on its main campus in Warsaw’s Praga Północ district.

schedule 02 March 2023

Training centre in Attendorn

Viega has launched an interactive training centre near its headquarters in Attendorn. Over five floors, Viega World occupies a total of 12,000 sqm of space.

schedule 12 July 2022

Frontex opens new HQ tender

Frontex, the European Border and Coast Guard Agency, has opened a tender to select a contractor for the design-and-build project of its future headquarters in Warsaw.

schedule 22 June 2022

Erbud wins PLN 30 mln WUM contract

Erbud has been awarded a PLN 29.8 mln contract to modernise the Rector’s Office of the Medical University of Warsaw (WUM).

schedule 20 May 2022

Atlas Ward starts work on Szczecin sheds

Atlas Ward Polska has started work on two logistics parks with a total area of over 70,000 sqm on the eastern outskirts of Szczecin for Panattoni.

schedule 11 May 2022

Rex-Bud to build MDC2 Park Gliwice

Polish industrial developer MDC2 has chosen Rex-Bud Budownictwo to be the general contractor for MDC2 Park Gliwice in Upper Silesia.

schedule 29 April 2022

FineTech chosen to complete Lixa

Yareal has commissioned FineTech Construction to be the general contractor responsible for completing the final stages of its Lixa office complex in Warsaw.

schedule 28 April 2022

Prices rise for construction

Prices for building materials in Poland increased by close to 30 pct over the last twelve months according to Savills.

schedule 21 March 2022

Erbud to rebuild Gdańsk shipping infrastructure

Erbud is to reconstruct the Nabrzeże Szyprów shore in Gdańsk for PLN 28.5 mln.

schedule 25 February 2022

Hochtief builds for Warsaw University

Hochtief Polska has completed construction work on an educational building for the University of Warsaw on ul. Dobra for the department of applied linguistics.

schedule 28 January 2022

Financing secured for completion of The Park Kraków

International investor Cain International and its local development partner, White Star Real Estate, have secured a EUR 36 mln loan from PKO BP to complete the development of The Park Kraków.

schedule 26 January 2022

Erbud takes in GWI for wooden mod cons

Polish construction firm Erbud has merged its subsidiary Mod21 with German wooden modular buildings specialist GWI to establish a new company, also called Mod21.

schedule 31 December 2021

Erbud wins PLN 300 mln Lidl contract

Erbud has been awarded a PLN 298.4 mln contract to build a distribution centre for discount retailer Lidl near Błonie, west of Warsaw.

schedule 02 December 2021

Erbud to build three residential blocks in Warsaw

Erbud has announced a PLN 52.8 mln contract with Polish Export Trade & Investment to build three residential buildings in Warsaw’s Praga-Południe district.

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Edition 1 (295) January 2025

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