PL

First Alto hotel almost ready

Hotels
POLAND The first Alto hotel is set to open at the beginning of 2015 in Żory. The Alto brand, operated and owned by the Polish hotel chain Qubus, was created to serve minor Polish markets.
“Currently, fit-out work is being carried out: we lay carpets and put up wallpapers. We have also started furnishing rooms on two of the building’s three floors. The ground floor, which accommodates the kitchen, the restaurant and relaxing zones, as well as InfoDesk, will be furnished by the end of 2014. Also, linens, towels and bathroom essentials will be delivered by December 24th. In early January, we will apply for occupancy permit, which will mark the completion of the construction work on Alto Hotel,” says Joanna Baranowska, Alto’s project manager. The new hotel will have 54 rooms.

Latest news

Infrastructure

Poland Beyond.pl expands its colocation project for AI

schedule 06 September 2024
Opr./edited by ANZ

Beyond.pl, a data centre, cloud, and managed services provider and owner of data centres in Poland, is expanding its colocation project for AI, machine learning, and high-performance computing solutions launched in January this year. The company announced that it is working to increase the target capacity of its campus in Poznań by almost 2 times.

Public buildings

Poland Palm changes ownership

schedule 06 September 2024
Opr./edited by ANZ

The most famous palm tree in Poland will be owned by the Museum of Modern Art. One of Warsaw's best-loved art installations will soon undergo a major overhaul.

Warehouse & industrial

Europe Top destinations for industrial nearshore supply chains

schedule 06 September 2024
Opr./edited by ANZ

According to the 2024 Savills Nearshoring Index study, the Czech Republic is the second most attractive location for industrial occupiers looking to ‘nearshore’ supply chains. Portugal ranks first, Poland in third place, Sweden being fourth, and Japan rounding out the top five.

Residential

Poland Port Praski development concept

schedule 06 September 2024
Opr./edited by ANZ

Preparations are underway for the expansion of the Port Praski project. A housing estate and an attractive public space are planned along the quays of the former Warsaw port. The project will be evaluated by local residents as part of a dialogue about the investment.

Office & mixed-use development

Romania A considerable new demand rebound

schedule 05 September 2024
Opr./edited by ANZ

According to data from the Cushman & Wakefield Echinox, the net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1.

Warehouse & industrial

Hungary VGP Park Kecskemét is ready

schedule 05 September 2024
Opr./edited by ANZ

VGP in Hungary has handed over its new premises to Linde + Wieman. The German automotive parts manufacturer occupies 16,000 sqm at VGP Park Kecskemét, in the central part of the country.

Retail & leisure

Romania One Gallery, one museum

schedule 05 September 2024
Opr./edited by JC

One United Properties is carrying out restoration works on the former Ford Hall in Bucharest, which will be modernized into a mixed-use space. In addition to offices and a food market concept, One Gallery will feature a museum area, as well as a multifunctional hall.

Investment & finance

Germany Garbe buys huge brownfield site in Lower Saxony

schedule 05 September 2024
Opr./edited by ANZ

Garbe, in a joint venture with a fund managed by BlackRock, has acquired a brownfield site of almost 200,000 sqm in Salzgitter, Lower Saxony. The joint venture wants to create large-scale logistics on the site. The construction of the property with a total floor area of 70,000 sqm is scheduled to start in Q1 2025 and to be completed in 2026.

Warehouse & industrial

Poland Panattoni buys land in Kraków

schedule 04 September 2024
Opr./edited by JC

Panattoni has purchased a land plot where it is to build Panattoni Park Kraków East V. The construction work for a 30,000 sqm hall is scheduled to launch in October 2024.

Office & mixed-use development

Poland Works are in progress in Vibe

schedule 04 September 2024
Opr./edited by ANZ

Vibe, Ghelamco's latest project in Warsaw's business centre, is already fully leased. Companies that have already started working in the office building include Reckitt, an international consumer goods company, and MDDP Outsourcing.

Retail & leisure

Poland Giant welcomes first guests

schedule 04 September 2024
Opr./edited by ANZ

San Park Piaseczno, a retail park developed by Ed San III Sancak, has been officially opened. The complex offers a total of more than 40 shops and service outlets.

ESG

Poland Imagine strikes gold

schedule 04 September 2024
Opr./edited by JC

The Imagine office complex in Łódź has received the global WiredScore certification, which is awarded to buildings that are technologically advanced in digital connectivity, telecommunications quality, and contingency planning.

Warehouse & industrial

Poland Big deal at MLP Poznań West

schedule 03 September 2024
Opr./edited by JC

MLP Group has signed a long-term lease agreement with a Chinese manufacturer of automotive parts, which, as part of its global nearshoring strategy, will lease 23,000 sqm of warehouse and office space at the MLP Poznań West logistics centre.

Investment & finance

Austria KGAL goes shopping in Vienna

schedule 03 September 2024
Opr./edited by ANZ

KGAL has acquired the ViE office building in the Austrian capital with a total rental area of 14,100 sqm for one of its property funds. The seller is CA Immobilien Anlagen AG. The building in a central location in Vienna is fully let.

Office & mixed-use development

Hungary Liberty reaches completion

schedule 02 September 2024
Opr./edited by JC

Liberty, a mixed-use complex located in Budapest, has reached its final stage. The second phase of the project comprises a total of 20,000 sqm of office space.

Construction

Romania Strabag is building The Arc

schedule 02 September 2024
Opr./edited by JC

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.

Investment & finance

Germany Green transition in Berlin

schedule 02 September 2024
Opr./edited by JC

Empira Group has successfully completed the acquisition of six multi-family buildings as well as residential and commercial properties in the Neukölln, Kreuzberg and Wedding districts of Berlin. The purchase encompasses around 400 residential and commercial units.

Warehouse & industrial

Poland LCube & Hillwood are done

schedule 02 September 2024
Opr./edited by JC

The construction of Hillwood and LCube Wrocław East in Dobrzykowice has been finished. The project comprises almost 60,000 sqm of warehouse space, of which around 53 pct has already been commercialised.

Warehouse & industrial

Poland City Logistics Warsaw IX is ready

schedule 02 September 2024
Opr./edited by JC

Panattoni has completed the construction of City Logistics Warsaw IX. Situated in Targówek Fabryczny, the centre with an area of over 13,000 sqm already has its first tenants.

Office & mixed-use development

Czech Republic Savills relocates to Prague's Masaryčka

schedule 30 August 2024
Opr./edited by ANZ

Savills is moving its headquarters as of March 2025, to new office space within the Masaryčka project in the centre of Prague. Additional 50 pct floor space will give it the foundation to expand its headcount towards 100 employees over the next phase of the business.

Latest in Hotels

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.

schedule 08 August 2023

Ibis Styles checks in at Warsaw Airport

The opening has taken place of the Ibis Styles Warsaw Airport hotel, which is situated about 3.5 km from Fryderyk Chopin Airport in Warsaw.

Edition 7 (290) July 2024

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