GTC buys Budapest office project
Investment & financeschedule 19 November 2015
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HUNGARY Warsaw-listed developer GTC has acquired the 31,500 sqm Duna Tower office building in Budapest.
ESG
Two buildings completed as part of the first phase of Good Point V, an investment by Real Management, have received the final BREEAM International New Construction V6 certificate at the Excellent level.
Material partner
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.
Warehouse & industrial
MLP Group is planning a new logistics and industrial center in Rzeszów. The facility is set to provide over 52,000 sqm of warehouse and office space.
Warehouse & industrial
P3 Logistic Parks has constructed a facility in P3 Warsaw I Park for Rohlig SUUS Logistics. The company occupies almost 50,000 sqm there, including their office space of about 300 sqm.
Investment & finance
Praktiker Real Estate has acquired the Muntenia Business Center in central Bucharest for around EUR 8 mln
Investment & finance
Invesco Real Estate has announced the acquisition of the Cloud One Gdańsk hotel in Poland on behalf of its German client. The seller, Granaria Development Gdańsk, is a joint venture between Immobel and Multibud.
Office & mixed-use development
America House in Bucarest has extended its lease agreement with OLX and an increase in office space of 43 pct, reaching a total area of 1,663 sqm.
Hotels
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.
Hotels
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.
Investment & finance
LCP Properties, part of the international M Core group, has finalised the purchase of a project in Trzebiatów, located in West Pomerania. The seller is from Green Hills Investment. The property, which will open as M Park Trzebiatów, will offer more than 6,250 sqm. GLA with 12 tenants. The opening of the facility is planned for Q3 2025.
Office & mixed-use development
According to data from the Cushman & Wakefield Echinox, the Bucharest office stock ranks among the youngest across Europe and the CEE region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to face obsolescence over the next 5-6 years.
Warehouse & industrial
CTP has leased an additional 42,000 sqm to Polish fashion producer LPP at CTPark Bucharest West. LPP’s latest lease takes its total footprint at CTPark Bucharest West to 131,000 sqm.
Warehouse & industrial
MLP Group is starting the development of its second warehouse park in close proximity to Berlin. The MLP Spreenhagen park will eventually offer 39,000 sqm of modern space. The project is scheduled for completion and occupancy in Q3 2025.
Investment & finance
Panattoni has secured EUR 20.7 mln in financing from Bank Milennium to develop a logistics hub for Auchan Polska. A fully robotic built-to-suit warehouse is to be constructed in Wilcza Góra near Warsaw.
Investment & finance
The property had belonged to the Invel Real Estate/Castlelake portfolio since 2016. The sole advisor for the sale of Galeria Wisła was Avison Young. The seller was advised by Dentons on legal matters.
ESG
All buildings completed by Echo Investment in Kraków's Brain Park complex have obtained BREEAM New Construction certification at the Excellent level. The latest stage of the project has just achieved a very high score of 78.9 pct.
Residential
Resi Capital, a company belonging to the Cavatina Group, is preparing its first residential project in Bielsko-Biała. The Reytan Apartments will be built on the site of the former Befama industrial plant.
Warehouse & industrial
Construction work on a modern logistics property in Norderstedt has officially begun with a symbolic ground-breaking ceremony. Just a few kilometres north of Hamburg’s city limits, Garbe is developing a new building with a total area of 12,700 sqm. Completion is planned for the middle of next year.
Investment & finance
Real Management has secured loan financing of PLN 120 mln, which will be used for growth in the development business. The financing was again provided by mBank.
Investment & finance
UBM Development has sold Galeria Szperk in Kosakowo near Gdynia to the Polish company Rewa, based in Krakow, for almost EUR 18 mln.
Praktiker Real Estate has acquired the Muntenia Business Center in central Bucharest for around EUR 8 mln
Invesco Real Estate has announced the acquisition of the Cloud One Gdańsk hotel in Poland on behalf of its German client. The seller, Granaria Development Gdańsk, is a joint venture between Immobel and Multibud.
LCP Properties, part of the international M Core group, has finalised the purchase of a project in Trzebiatów, located in West Pomerania. The seller is from Green Hills Investment. The property, which will open as M Park Trzebiatów, will offer more than 6,250 sqm. GLA with 12 tenants. The opening of the facility is planned for Q3 2025.
Panattoni has secured EUR 20.7 mln in financing from Bank Milennium to develop a logistics hub for Auchan Polska. A fully robotic built-to-suit warehouse is to be constructed in Wilcza Góra near Warsaw.
The property had belonged to the Invel Real Estate/Castlelake portfolio since 2016. The sole advisor for the sale of Galeria Wisła was Avison Young. The seller was advised by Dentons on legal matters.
Real Management has secured loan financing of PLN 120 mln, which will be used for growth in the development business. The financing was again provided by mBank.
UBM Development has sold Galeria Szperk in Kosakowo near Gdynia to the Polish company Rewa, based in Krakow, for almost EUR 18 mln.
Echo Investment signed a conditional sale agreement for React, the office building in Łódź. Upon conclusion of the deal, the asset will be acquired by Summus Capital, an Estonian-based investment company.
The purchaser of the recently completed logistics property which was planned, developed and realised by ECE Work & Live is a German investor, represented by Savills Investment Management.
Ghelamco has sold its flagship development in downtown Warsaw – the Warsaw Unit skyscraper at Rondo Daszyńskiego. It was acquired by the Swedish real estate company Eastnine AB listed on the Nasdaq Stockholm. This is the largest office market transaction that has been concluded in Europe this year.
Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.
Fond Českého Bydlení (the Czech Housing Fund) has successfully completed the acquisition of two apartment buildings located in Beroun and Chomutov. This transaction adds 313 fully rented apartments to the company's portfolio.
Savills IM has let the last vacant rental space of the European Logistics Fund 2 (ELF 2) in a logistics property in Konotopa, Poland, on a long-term lease.
Panattoni has been awarded a pioneering green loan from Berlin Hyp worth EUR 74.34 mln. The financing is for a logistics center in Bydgoszcz developed for an e-commerce firm.
Vantage Development's Polish subsidiaries have secured a EUR 100 mln loan from the European Bank for Reconstruction and Development. The TAG Immobilien-owned developer and operator will use the funds raised to expand its PRS investments in Poland.
Immofinanz signed a new five-year, EUR 180 mln green loan with Helaba, pbb Deutsche Pfandbriefbank and Berlin Hyp, secured by myhive Warsaw Spire. The office tower offers over 71,000 sqm of GLA and holds a BREEAM Excellent certification.
Warimpex Finanz- und Beteiligungs has sold its last remaining project in Russia, the Airportcity St. Petersburg, and is therefore no longer active in the Russian market.
Revetas Group has announced the successful disposal of the Trinity One class-A office complex in Warsaw to Longvilliers. The terms of the transaction were not disclosed.
Poland’s highly skilled workforce, growing pool of environmentally compliant buildings and developed IT services market make it an attractive destination for foreign investors who want to shorten their supply chains, according to experts on nearshoring at law firm DLA Piper.
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.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office prope ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Two buildings completed as part of the first phase of Good Point V, an investment by Real Management, have received the final BREEAM International New ...
Who won this year's 14th edition of the Eurobuild Awards? The jury and guests gathered at the Double Tree by Hilton hotel in Warsaw chose this year's ...
As the media market in Poland evolves, we also need (and want to!) adapt to these changes and move with the times. Soon, access to our archive will ...
Today, we bring you another brief recording from Expo Real 2024. Tune to listen to our experts' opinions. and immerse yourself in the event's atmosphe ...
The 13th JLL Real Estate Beach Volleyball Charity Tournament, which took place earlier this month, has raised over PLN 800,000 to build the third Rona ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
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 prop ...
Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv ...
The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzez ...
Viterra has moved into its new 1,500 sqm offices in Olivia Prime, part of the Olivia Centre business complex in Gdańsk. The Design Anatomy studio is ...
Praktiker Real Estate has acquired the Muntenia Business Center in central Bucharest for around EUR 8 mln
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Peninsula Property is an investor and development company that builds high-quality, thoughtfully designed apartment buildings, boutique residences and ...
America House in Bucarest has extended its lease agreement with OLX and an increase in office space of 43 pct, reaching a total area of 1,663 sqm.
Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district. The property is owned by Stena Real Estate ...
The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculti ...
Resi Capital, a company belonging to the Cavatina Group, is preparing its first residential project in Bielsko-Biała. The Reytan Apartments will be bu ...
An 800 sqm Biedronka grocery store is to open on the ground floor of the Moje Bielany residential complex, which is being developed by CeMat A/S at ul ...
Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both re ...
MLP Group is planning a new logistics and industrial center in Rzeszów. The facility is set to provide over 52,000 sqm of warehouse and office space.
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