PL

Local tourists boost St Petersburg hotel sector

Hotels
RUSSIA In the first quarter of this year St Petersburg hotels managed to increase their revenue per available room by 16 pct y-o-y, according to a report by JLL.
“Breaking it down into the segments, each one managed to increase RevPAR in the first quarter – more so in the upscale to luxury segments. We have seen hotels that are more focused on international corporate demand struggling whilst those that have been able to tap into local and Asian tourism have flourished,” commented David Jenkins, the head of JLL hotels and hospitality group in Russia and CIS. Most of the growth in the international hotels has come via occupancy, with the boost in domestic demand not enabling hotels to increase prices. With few, if any, significant new hotels expected to open this year, the city has a chance to drive demand and capitalise on the increased desire for domestic tourism. ”The second quarter is especially important for the city’s hotels as it covers the period of April to June – with the May holidays and the White Nights month of June, which also is the month for the Economic Forum. This second quarter typically makes or breaks the year for the hotels,” added David Jenkins.

Latest news

Office & mixed-use development

Poland Chemical tenant for P180

schedule 08 December 2022
Opr./edited by ANZ

A global distributor of chemical raw materials has become the latest tenant of the P180 office building in Warsaw. The company will occupy app. 1,500 sqm of office space.

Warehouse & industrial

Poland 7R City Flex Katowice attracts new tenants

schedule 08 December 2022
Opr./edited by ANZ

Logistics operator JAS-FBG has chosen 7R City Flex Katowice I as a base for its operations, where it will occupy over 6,000 sqm of modern warehouse space. The facility is scheduled to be commissioned in May 2023.

Architecture and urban planning

SLOVAKIA Penta holds competition for Dynamitka site

schedule 07 December 2022
Opr./edited by NN

Penta Real Estate is holding an architectural competition for the development of a 4.5 ha brownfield site that formed part of the former Juraj Dimitrov chemical works (known locally as ‘DImitrovka’ or ‘Dynamitka’) in Bratislava.

Warehouse & industrial

POLAND Antczak gives green touches to GLP park

schedule 07 December 2022
Opr./edited by NN

Two warehouses in Wrocław V Logistics Centre logistics park have been completed by general contractor Antczak Group for developer GLP, bringing the available area of the complex up to almost 90,000 sqm.

Property and Facility Management

POLAND MVGM stays on as PM for Pro Portfolio

schedule 07 December 2022
Opr./edited by NN

MVGM has signed an extension to its property management contract for the retail and service space in five office buildings in Poland owned by PineBridge Benson Elliot and Sharow Capital.

Investment & finance

World Stabilisation predicted from mid-2023

schedule 07 December 2022
Opr./edited by ANZ

In its latest Global Investor Outlook Colliers anticipates the process of stabilisation of the global real estate market to take hold by mid-2023. After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, survey findings point towards the potential for regression before stabilisation, with markets and sectors shifting at different velocities.

Warehouse & industrial

Poland Logmaster to move into MLP Pruszków II

schedule 07 December 2022
Opr./edited by ANZ

Logmaster will join the ranks of MLP Group’s tenants. The logistics company has leased approx. 6,800 sqm of modern space within the region’s largest warehouse complex. Delivery of the finished facility has been scheduled for June 2023.

Warehouse & industrial

POLAND Twice the Schrack in Prologis Warsaw II

schedule 06 December 2022
Opr./edited by NN

Electrotechnical products manufacturer and distributor Schrack Technik Polska has extended its contract with Prologis Park Warsaw II for five years and doubled its leased warehouse, office and showroom space to 6,700 sqm.

Warehouse & industrial

SLOVAKIA VGP starts on park near Banská Bystrica

schedule 06 December 2022
Opr./edited by NN

VGP has started work on VGP Park Zvolen near Banská Bystrica in central Slovakia, following the signing of a lease with logistics company Packeta Slovakia.

Warehouse & industrial

Romania Logicor larger in Bucharest

schedule 06 December 2022
Opr./edited by ANZ

Logicor has completed the development of an additional 23,000 sqm in Logicor Bucharest I Logistics Park in Mogoşoaia, 12 km northwest of Bucharest city centre. The complex consists now of four buildings with a total space of approx. 150,000 sqm.

Investment & finance

Poland Focus turns focus on Płock

schedule 06 December 2022
Opr./edited by ANZ

Ukrainian investor Focus Estate Fund has acquired the Atrium Mosty shopping centre in Płock, about 110 km northwest of Warsaw, for an undisclosed sum.

Retail & leisure

ROS grows in Poland

schedule 06 December 2022
Opr./edited by ANZ

ROS Retail Outlet Shopping strengthens its activity in Poland. The Austrian company plans extension in Gdańsk in 2023 and the new project in Kraków in 2024.

Office & mixed-use development

POLAND EPAM expands into Brain Park

schedule 05 December 2022
Opr./edited by NN

Polish IT specialist EPAM has leased almost 8,500 sqm of office space in Brain Park in Kraków, which is being developed by Echo Investment.

Interior design

POLAND Natural make-over for ASB in Skylight

schedule 05 December 2022
Opr./edited by NN

The expansion and arrangement of ASB Poland’s offices in the Skylight building in Warsaw city centre have been completed by the Workplaces department of Globalworth, the owner and manager of the Skylight and Lumen office complex.

Office & mixed-use development

Czech Republic Pretty unvacant in Prague

schedule 05 December 2022
Opr./edited by ANZ

The office vacancy rate in Prague, unlike in neighbouring markets, is decreasing and at the end of Q3 2022 fell to 8.1 pct, representing 308,000 sqm of unoccupied space – according to a Colliers’ quarterly market survey.

Warehouse & industrial

Poland Habasit consolidates in Panattoni Czeladź V

schedule 05 December 2022
Opr./edited by ANZ

Panattoni is completing a 13,000 sqm development for Habasit, a manufacturer and supplier of innovative conveyor solutions for the manufacturing sector. The company will consolidate two locations within Panattoni Park Czeladź V in the Silesian region in January 2023 and plans to expand within the park in the future.

Investment & finance

Poland Facing new challenges in 2023

schedule 05 December 2022
Opr./edited by ANZ

Savills has presented a preliminary summary of 2022 predicting key trends for the coming months. The commercial property market in Poland is facing uncertainty and rising prices but remains underpinned by strong fundamentals, which bodes well for the future, reveals Savills.

Investment & finance

POLAND MLP raises PLN 183.5 mln in share offer

schedule 02 December 2022
Opr./edited by NN

Polish industrial developer MLP Group has raised PLN 183.5 mln in a public offering of 2,621,343 series F shares by way of a private placement on the Warsaw Stock Exchange directed exclusively to qualified investors and investors subscribing for shares worth no less than the equivalent of EUR 100,000. Based on an accelerated bookbuild process, the issue price of the shares was set at PLN 70.

Warehouse & industrial

POLAND Green light for 7R Wrocław West II

schedule 01 December 2022
Opr./edited by NN

Polish warehouse developer 7R has been granted a final building permit for its 7R Park Wrocław West II development in Kąty Wrocławskie, which will offer almost 44,000 sqm of logistics and production space.

Investment & finance

POLAND LCP buys second retail park from Ghelamco

schedule 01 December 2022
Nathan North
deputy editor

Ghelamco has sold the Plac Vogla retail park in Warsaw’s Wilanów district to LCP Properties for an undisclosed sum.

Latest in Hotels

schedule 24 November 2022

Lagoon life comes to CEE capitals

Forty Management has announced that it is soon to begin work on its Central District Lagoon City hotel and mixed-use complex in Bucharest, while the launches of similar projects are pending in Prague and Budapest and that it is seeking a site for one in Warsaw.

schedule 04 November 2022

Hyatt makes Polish return in Kraków

The Hyatt Place Kraków has been officially opened, marking the return of the brand to Poland and its first opening in the city.

schedule 28 September 2022

Tribe Warsaw Airport to open in Fort 7

Belgian developer Atenor has announced that the Tribe Warsaw Airport hotel, which will be operated Ennismore, is to be developed in the first phase of its Fort 7 mixed-use project in the area of Fort Zbarż near Warsaw Chopin Airport.

schedule 13 September 2022

Radisson plans new openings across Poland

Radisson Hotel Group is to further expand its network in Poland, beginning next year with openings in Ostróda and Kraków, followed by new hotels on the Baltic coast in 2024 and 2025.

schedule 24 August 2022

First Polish Radisson RED opens in Gdańsk

The first Radisson RED hotel in Poland has opened on Wyspa Spichrzów (Granary Island) in Gdańsk. This brings the hospitality group’s portfolio in Poland to 22 properties in operation and under development.

schedule 21 July 2022

InterContinental returns to Bucharest

IHG is to reintroduce its InterContinental Hotels & Resorts brand to Romania after a year’s break with the opening of the InterContinental Athénée Palace Bucharest in early 2023.

schedule 18 July 2022

Louvre Hotels enters Hungary

Louvre Hotels Group, part of Chinese conglomerate Jin Jiang International, is to enter the Hungarian midscale hospitality market with the opening of a hotel under its Campanile brand in Budapest

schedule 14 July 2022

First Radisson Blu opens in Transylvania

A Radisson Blu hotel has opened in Cluj-Napoca – the first of the brand to open in Transylvania.

schedule 01 March 2022

Meininger teams up with Fronton for Kraków hotel

Meininger Hotels and Polish real estate developer Fronton have signed a deal to develop a 503-bed and 135-room hotel in Kraków, scheduled to open in summer 2023.

schedule 03 February 2022

Hotels bounce back in Bucharest

The Bucharest hotel market has the highest growth among CEE capitals in terms of revenue per available room (RevPAR), according to the Hotel Operator Beat H2 2021 report by Cushman & Wakefield.

schedule 04 February 2022

Hospitality revives – in an inhospitable environment

Another difficult year for the hotel market has come to an end – hotels were back in operation for only the last six months of the year, but the summer and autumn seasons were much better than in 2020. But the hospitality sector is resilient and always has the potential to bounce back – according to the ‘Hotel market in the largest cities in Poland. Annual report 2021’ by Hotel Professionals, which ‘Eurobuild CEE’ has been granted the exclusive rights to publish.

schedule 06 January 2022

Sugar Palace turns into Andaz Prague–Hyatt

UBM Development Czechia is close to completing the refurbishment of the more than 100-year-old former Cukrovarnického paláce (Sugar Palace) on Senovážné náměstí in the centre of Prague, which is to re-open in the spring as the Andaz Prague Hotel.

schedule 22 December 2021

CPI checks into Mercure Bratislava Centrum

CPI Property Group has acquired the Mercure Bratislava Centrum Hotel from Invesco Real Estate for an undisclosed sum.

schedule 08 November 2021

Crowne Plaza opens in Budapest

Crowne Plaza Hotels & Resorts has opened its first hotel in Budapest.

schedule 13 September 2021

From Sofitel to Mogotel in Wrocław

The Sofitel Wrocław Old Town, which was closed down permanently due to the pandemic, is to reopen as a Wyndham hotel after a new operator – Latvian company Mogotel – was secured for the hotel.

schedule 05 August 2021

Radisson Resort Kolobrzeg now open

Radisson has opened its 15th hotel in Poland.

schedule 30 July 2021

IHG to open first Polish Holiday Inn Resort

IHG Hotels & Resorts is to open the the first Holiday Inn Resort in Poland – in the Szklarska Poręba mountain resort in southwestern Poland, in partnership with AKME Wiśniewski Szklarska Poręba.

schedule 14 July 2021

H2 Budapest now open

The H2 Hotel Budapest, Trademark Collection by Wyndham has opened.

schedule 09 July 2021

Wing completes B&B Hotel Budapest City

Wing has completed the first Hungarian B&B Hotel on the banks of the Danube in Budapest, having converted the former Angyal office building on Boráros tér, near Petőfi Bridge.

schedule 08 July 2021

Art Hotel opens in Belgrade

Radisson Hotel Group has opened the Belgrade Art Hotel.

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