PL

Orco returns to court

Hotels
CROATIA Orco has resumed legal proceedings against the state of Croatia over Sunčani Hvar, a company listed on the Zagreb stock exchange, which was set up by the two parties in order to develop the tourist potential of the island of Hvar.
In December 2012 , Orco went to arbitration for over EUR 32 mln in damages claiming the government had failed to meet its contractual obligations. The government subsequently lodged a counter-claim against Orco, but in July the two parties signed a memorandum of understanding and agreed to reconcile their differences through negotiation. This memorandum has now expired and Orco has returned to the International Court of Arbitration to seek redress.

Latest news

Investment & finance

Poland DL Invest acquires major brownfield site

schedule 23 December 2024
Opr./edited by JC

DL Invest Group has finalized the acquisition of a production and warehouse complex in Bielsko-Biała, with a total rental area exceeding 270,000 sqm.

Material partner

Poland Galant Ząbkowska Apartments with FusionLive

schedule 02 December 2024
Eurobuild CEE

Peninsula Property is an investor and development company that builds high-quality, thoughtfully designed apartment buildings, boutique residences and hotels to ensure the best possible experience for future residents and tenants. It stands out for its innovative designs and concepts in the Polish market.

Investment & finance

Czech Republic & Slovakia Blackstone acquires CT Real Estate

schedule 20 December 2024
Opr./edited by ANZ

Contera has announced a strategic partnership with Blackstone, the world's largest asset management company, to acquire CT Real Estate's portfolio of ten logistics parks for approximately €470 mln.

Investment & finance

POLAND Saski Point sold

schedule 20 December 2024
Opr./edited by NN

CA Immo has completed the sale of the Saski Point office building in central Warsaw to an undisclosed buyer.

Investment & finance

POLAND Investika makes biggest logistics deal of 2024

schedule 20 December 2024
Opr./edited by NN

Investika Real Estate Fund and its JV partner Bud Holdings have acquired five Polish logistics parks with a combined area of 212,500 sqm from Polish warehouse developer 7R for more than EUR 150 mln.

Investment & finance

Poland/Germany Hillwood secures €368m loan from Aareal Bank

schedule 19 December 2024
Opr./edited by ANZ

Hillwood’s EU Industrial Club III has announced the successful closure of a EUR 368.19 mln loan with Aareal Bank AG, a leading international provider of financing, banking, and payment solutions for the property sector.

Office & mixed-use development

Poland US bank takes 13 floors

schedule 19 December 2024
Opr./edited by ANZ

BNY, the global financial services provider, has moved its Polish office to the Centrum Południe building in Wrocław. The company has taken 20,000 sqm of space on 13 floors in the Skanska-owned facility.

Warehouse & industrial

Poland 7R Hub in Nowa Huta

schedule 19 December 2024
Opr./edited by ANZ

7R will develop a technology and production hub on the site of Kraków's ‘Ruszcza’ Logistics and Industrial Centre. The 230,000 sqm investment will be built as part of the ‘’Kraków - Nowa Huta of the Future‘’ project.

Warehouse & industrial

Poland Fashion giant chooses Panattoni

schedule 19 December 2024
Opr./edited by JC

Panattoni has secured a new tenant for its investment in Lower Silesia. A company from the fashion industry has leased 40,000 sqm in Panattoni Park Głogów.

Eurobuild CEE

Poland A must-read for December!

schedule 18 December 2024
Eurobuild CEE

The December edition of Eurobuild is full of events and emotions, market news and expert opinion pieces. Enjoy your reading!

Investment & finance

Poland Summus finalises transaction in Łódź

schedule 18 December 2024
Opr./edited by ANZ

Summus Capital has closed the acquisition of the React office building in the centre of Łódź. The property, valued at €32.5 mln, comprises more than 15,000 sqm of office space.

Investment & finance

Poland Czechs have bought Signum

schedule 18 December 2024
Opr./edited by JC

The DRFG Investment Group, with the strategic support of TriGranit, has acquired the Signum Work Station office building in Warsaw, with a leasable area of approx. 32,500 sqm.

Warehouse & industrial

Germany The largest deal for Garbe

schedule 18 December 2024
Opr./edited by JC

Garbe Industrial Real Estate has re-let one of its existing properties in Norderstedt. A retailer will use the property with a total area of around 26,200 sqm for the handling and storage of goods.

Warehouse & industrial

Poland Prologis builds for giants

schedule 17 December 2024
Opr./edited by ANZ

Prologis begins construction of a BTS warehouse for logistics company DP World. Prologis Park Łódź with an area of over 41,500 sqm will serve as a modern distribution centre for the Dell Technologies factory in Łódź.

Land acquisitions

Germany CTP secures major brownfield site

schedule 17 December 2024
Opr./edited by JC

CTP has agreed to a EUR 155 mln deal to acquire an industrial site spanning over 830,000 sqm in Düsseldorf, North Rhine-Westphalia. The seller is Vallourec, a manufacturer of pipe systems.

Office & mixed-use development

Hungary H2Offices flows in Budapest

schedule 17 December 2024
Opr./edited by JC

Skanska has commenced construction on the second building of the H2Offices complex in Budapest. The eight-story structure will offer about 22,000 sqm of leasable space.

Hotels

Poland Hotel in the clouds

schedule 16 December 2024
Opr./edited by JC

The first The Cloud One Hotel in Warsaw is set to open in the Upper One complex, offering over 360 rooms.

Investment & finance

Poland Panattoni sells two industrial facilities

schedule 16 December 2024
Opr./edited by JC

Panattoni has finalized the sale of two industrial parks – Panattoni Park Ruda Śląska III and Panattoni Park Kraków East II – to an international investor specializing in commercial real estate as its entry to Poland. The total transaction value reached about EUR 70 mln.

Office & mixed-use development

Poland Deloitte consolidates operations at Renoma

schedule 16 December 2024
Opr./edited by JC

Advisory firm Deloitte has decided to expand its office space at Wrocław's Renoma by more than 600 sqm. The building will become the company's sole office location in Lower Silesia.

Office & mixed-use development

Poland Reckitt consolidates its Warsaw office

schedule 16 December 2024
Opr./edited by JC

Reckitt Benckiser has chosen to consolidate its group companies in Ghelamco's Vibe. The company leased about 8,000 sqm of office space, becoming the largest tenant in the building.

Latest in Hotels

schedule 16 December 2024

Hotel in the clouds

The first The Cloud One Hotel in Warsaw is set to open in the Upper One complex, offering over 360 rooms.

schedule 11 December 2024

Spark by Hilton debuts in Poland

The Spark by Hilton brand is entering the Polish market with two new hotels. Spark by Hilton Pobierowo and Spark by Hilton Krynica Morska will open within the next six months.

schedule 06 December 2024

Handwritten Collection opens its first hotel in Germany

Boutique brand Accor is making its debut in Germany with the opening of a hotel in Düsseldorf. The company also announces plans to open its first property in Croatia in 2026.

schedule 06 December 2024

W debuts in Prague

The Art Nouveau hotel Grand Hotel Evropa in Prague has started operating under the W Hotels banner as W Prague. This is the first property of this Marriott Bonvoy-owned brand in the Czech capital.

schedule 03 December 2024

Grand transaction in Sopot

The Sofitel Grand Sopot has changed hands. The Polish company Sinfam Investments became the new owner of the hotel. The seller was AccorInvest, which includes the Orbis group. Sofitel will remain the managing operator of the hotel. 

schedule 20 November 2024

Luxury stay in Belgrade

The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade Tower (Kula Beograd), built at the meeting point of the Sava and Danube rivers.

schedule 15 November 2024

Puro has financing for an investment in Budapest

Bank Gospodarstwa Krajowego has granted a loan of up to EUR 40 mln to the Hungarian company from the Puro Group. The financing will be used for the construction of a four-star premium hotel in the centre of Budapest. 

schedule 13 November 2024

First Bulgarian Mercure opens

Mercure, a brand of the Accor Group, announces the opening of its first hotel in Bulgaria. The new property is located in one of Sofia's most prestigious districts, Manastirski Livadi, with easy access to the National History Museum and Vitosha National Park.

schedule 04 November 2024

Juliš changes hands

S Immo has successfully completed a sale of the Juliš Hotel in Prague, with a total leasable area of around 6,700 sqm.

schedule 26 September 2024

Moxy plans a ton

The Moxy Hotels brand has announced the expansion of its European portfolio to 100 hotels by the end of 2025. 17 more hotels are to open by the end of next year, including Moxy Warsaw City.

schedule 23 August 2024

Gradual increase in demand

According to data from Cushman & Wakefield, the Bucharest hotel market is experiencing the highest supply growth among the CEE capitals between 2024 and 2026. The demand in the first half of the year compared to the same period of 2023 experienced an increase of 3 pct, however, it remained below the 2019 level.

schedule 09 August 2024

B&B Hotel opens in Warsaw

B&B Hotels Polska has signed a 20-year lease for the facility at ul. Kosmatki in Warsaw. B&B Hotel Warsaw East will start receiving guests in September this year. The new four-star hotel will be the second facility of the B&B Hotels chain in Warsaw and the 15th in Poland. 

schedule 24 June 2024

Curio's Croatian debut

Hotel Opatija, Curio Collection by Hilton celebrates its opening. The 54-room facility debuts as the first in Croatia and the brand’s 40th trading country.

schedule 22 May 2024

Skybar opens in Budapest

Cloud IX, Budapest’s latest panoramic skybar, has been opened in the ibis & Tribe Budapest Stadium Hotel in the WING Liberty building. Opened last December in Budapest’s District IX, the hotel complex boasts a total of 332 rooms and a wide range of services.

schedule 17 April 2024

IHG doubles in Germany

IHG Hotels & Resorts and Novum Hospitality announced a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almost 100 cities through Holiday Inn – the niu brand collaboration and European debuts for IHG’s Garner and Candlewood Suites.

schedule 03 April 2024

CPI sells stake in hotel portfolio

CPI Property Group has sold a 50 pct stake in a subsidiary that owns eight hotel properties in the Czech Republic to Bratislava-based Best Hotel Properties (BHP), with whom it has also signed a JV agreement for the continued management of the hotels.

schedule 08 March 2024

The first in Southeast Europe

Radisson RED Belgrade has opened its doors as a new upscale lifestyle hotel, marking the debut of the Radisson RED brand in Southeast Europe.

schedule 27 February 2024

Bucharest hotel market rebounds

The hotel market in Bucharest has experienced a moderate annual average growth in new offerings, at 0.9 pct between 2019 and 2023. This modest trend was primarily influenced by the cancellation of Urban Zoning Plans. Between 2024 and 2025, an estimated average annual growth rate of 4.1 pct in the number of rooms is expected, according to data from the real estate consulting company Cushman & Wakefield.

schedule 15 February 2024

Accelerated recovery

According to Cushman & Wakefield analysis, after a period when the Prague hotel market was lagging behind other European cities in terms of recovery from the impacts of the covid pandemics, all of its performance indicators increased significantly in 2023. The Prague hotel market proves its resilience and attractivity.

schedule 05 February 2024

IHG's European debut

IHG Hotels & Resorts announced its first Holiday Inn & Suites property in Europe with the signing of Holiday Inn & Suites Budapest Centrale – part of its Holiday Inn Hotels & Resorts brand.

Read flipbook version

Edition 12 (294) December 2024

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