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Hotels
HUNGARY Hungary’s central bank (MNB) has found an interesting way to support the country’s recovering real estate market. After what must have been extremely hard bargaining, it has bought a four-star rural residence worth EUR 2.9 mln for over EUR 1.3 mln to pamper its employees, reports the ‘Wall Street Journal.’

Situated in the midst of a 3.2 ha park in Tiszaroff, eastern part of the country, the 18th century Borbely Palace offers 45 guest rooms, a swimming pool, a wine cellar for 70 people and various sports-related amenities. The purchase comes as part of the MNB’s "corporate social responsibility strategy," aimed at supporting the bank’s employees "with fringe benefits, assistance and other welfare services,” reads the article.

Latest news

Warehouse & industrial

Poland AI controlled centre for Auchan

schedule 30 October 2024
Opr./edited by JC

Panattoni is constructing a fully robotic BTS distribution centre for Auchan Polska. The centre in Wilcza Góra near Warsaw is to service the  customers from the updated internet platform.

Material partner

Poland Brownfield rather than greenfield – a model for sustainable development at City Point Targówek

schedule 07 October 2024
Eurobuild CEE

Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure expansion often requires the development of greenfields, with adverse impacts on both local ecosystems and communities. A sustainable alternative is to revitalise brownfield urban sites, as exemplified by City Point Targówek, a project led by Peakside Capital Advisors.

Investment & finance

Poland Refinancing near Pruszków

schedule 30 October 2024
Opr./edited by ANZ

BNP Paribas Bank has granted MLP Group financing in the total amount of EUR 21.5 mln. The funds raised will be used to refinance the construction of a 34,600 sqm warehouse facility at the MLP Pruszków II logistics centre.

Warehouse & industrial

Czech Republic The sixth Garbe park in the Czech Republic

schedule 29 October 2024
Opr./edited by ANZ

Garbe Industrial Real Estate CEE has received the building permission for the construction of two industrial facilities in Pohořelice, located approx. 30 kilometers south of Brno. The new development, consisting of two halls measuring 20,000 sqm and 11,000 sqm, is set to begin construction imminently, with plans to make the properties available within eight months.

Warehouse & industrial

Poland Huge warehouse is now up and running

schedule 29 October 2024
Opr./edited by ANZ

The Neon logistics centre, developed for Hermes Fulfilment by Panattoni, has been opened. The area of the investment in Konin Żagański amounts to over 250,000 sqm.

Warehouse & industrial

Romania Pallady hub in Bucharest fully operational

schedule 29 October 2024
Opr./edited by ANZ

Logicor has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, the first last mile logistics hub in the city.

Warehouse & industrial

Poland XBS has leased 90,000 sqm

schedule 28 October 2024
Opr./edited by JC

XBS Logistics and XBS Pro-Log of the XBS Group have leased over 90,000 sqm in total across four industrial parks near Warsaw.

Warehouse & industrial

Poland A brand new home for Toyota

schedule 28 October 2024
Opr./edited by JC

Panattoni has completed the construction of a new 50,300 sqm park in Bolesławiec. The first tenant in the development is to be Toyota Boshoku Poland.

Investment & finance

Romania OUP gains millions from leasehold sales

schedule 28 October 2024
Opr./edited by JC

One United Properties has sold long leasehold properties, part of its portfolio of commercial projects, worth EUR 52.4 mln in the last 18 months. The total GLA of the assets is 20,851 sqm.

Warehouse & industrial

Europe Operating costs in industrial halls decrease in Prague

schedule 25 October 2024
Opr./edited by ANZ

According to the Savills Global Warehousing Costs 2024 analysis, Prague is the only European city where the total costs associated with operating premium industrial properties decreased year-on-year, by 1.8 pct. 

Public buildings

Poland MHP awarded with ULI prize

schedule 25 October 2024
Opr./edited by ANZ

The Museum of Polish History in Warsaw, designed by the WXCA studio, was one of seven winners of the ULI Global Awards for Excellence 2024, awarded by the Urban Land Institute. Presented in the Arts and Culture category, the award is one of the highest international honours in the real estate and urban planning industry. 

Public buildings

Poland Museum of Modern Art opens

schedule 25 October 2024
Opr./edited by ANZ

The Museum of Modern Art opens to the public today. The residents of the capital have been waiting for this investment for nearly twenty years. It is not only a major new institution on the cultural map of Poland, but also another project changing the centre of Warsaw.

Investment & finance

Atenor sells Lakeside

schedule 25 October 2024
Opr./edited by MR

Atenor has announced the signing of an agreement with an international investor for the sale of the Lakeside project in Warsaw. The transaction, expected to be closed by the end of the year, represents a significant step in Atenor’s debt reduction strategy.

Warehouse & industrial

Czech Republic Czech industrial rents hold steady

schedule 24 October 2024
Opr./edited by JC

Industrial Research Forum announced Industrial Market Figures for Q3 2024. Space under construction in Czech Republic is significantly larger than new supply so far in 2024.

Investment & finance

Europe Starwood Capital and pbb are partnering up

schedule 24 October 2024
Opr./edited by JC

Starwood Capital Group, a global private investment firm focused on real estate, and Deutsche Pfandbriefbank announced they have signed a Memorandum of Understanding to finalise a strategic partnership in CRE lending.

Office & mixed-use development

Poland Silesia Star with a new tenant

schedule 24 October 2024
Opr./edited by JC

L3Harris, a company focused on the production of electro-optics for industry, law enforcement, emergency services and the military, has a new office in the Silesia Star office building in Katowice.

Office & mixed-use development

Serbia Sirius fully commercialised

schedule 23 October 2024
Opr./edited by ANZ

Sirius Offices in Belgrade is fully leased. The office complex was built and remains owned by Erste Group Immorent, a subsidiary of Erste Group Bank.

Office & mixed-use development

Poland Ace of Space take off

schedule 23 October 2024
Opr./edited by ANZ

Globalworth is launching a new brand of flexible offices, Ace of Space. Tailored to the needs of the company, space will be available to rent in Warsaw, Wrocław, Kraków, Katowice and Gdańsk.

Investment & finance

Poland Loan to Hillwood Zgierz II

schedule 22 October 2024
Opr./edited by ANZ

Hillwood Polska and mBank have closed a financing deal of more than EUR 38 mln for the construction of the Hillwood Zgierz II logistics park. This is yet another cooperation between the companies.

Warehouse & industrial

Poland CTPark Warsaw West opened

schedule 22 October 2024
Opr./edited by ANZ

Raben Group has moved into its newest warehouse and shipping centre in the CTPark Warsaw West complex near Warsaw.

Latest in Hotels

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.

schedule 10 January 2024

The Luxury Collection will make its debut in Krakow

Marriott International and the Dobry Hotel Group have signed an agreement to create The Luxury Collection brand's first hotel in Krakow in the historic Lubomirski Palace building.

schedule 30 November 2023

The seventh Accor in Kraków

A new hotel is being built in Kraków. It will be the seventh facility of the AccorInvest/Orbis group in the capital of Malopolska under the Accor brand in the lifestyle segment. The hotel is scheduled to open in Q2 2025.

schedule 22 November 2023

Grand Budapest Hotel

Marriott Bonvoy's Autograph Collection Hotels brand is making its debut in Hungary with the opening of its first hotel in Budapest. The Dorothea Hotel is housed in three historic buildings and is named after Archduchess Dorothea, who contributed to the city's development in the 19th century.

schedule 15 November 2023

A luxurious hotel to be opened in Bucharest

One United Properties has signed a memorandum of understanding with Ennismore for opening Mondrian Bucharest, a highly exclusive lifestyle hotel in downtown Bucharest.

schedule 19 October 2023

Hilton to open Canopy in Warsaw

Canopy by Hilton Warsaw, the first lifestyle hotel of the Hilton chain in Poland, is to open in 2025 in the centre of the city.

schedule 13 October 2023

Tribe arises at Budapest Airport

Local developer Wing in cooperation with Budapest Ferenc Liszt Airport has begun the construction of the Tribe hotel at the airport.

schedule 04 September 2023

Hampton by Hilton debuts in Hungary

Hampton by Hilton Budapest City Centre, the country's first hotel under the Hampton by Hilton brand, has opened in Budapest.

schedule 25 August 2023

Rooms with a view

AC Hotels by Marriott, part of Marriott Bonvoy’s portfolio of 31 brands, has announced its brand debut in Croatia with the opening of AC Hotel by Marriott Split. The new hotel is housed on the high floors of the 135-metre-high Westgate Tower with spectacular views of the Adriatic Sea and Split’s unique cityscape.

schedule 21 August 2023

The top 5 hotel markets

In Cushman & Wakefield’s latest Hotel Operator Beat survey, Budapest was placed as the most attractive market in CEE, reaching 4.3 points on a 1–5 scale where 5 means very high interest. Prague is a little step down with 4.2 points, and Warsaw, Kraków and Bucharest complete the top 5 markets targeted by hotel operators.

Edition 10 (292) September 2024

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