PL

GTC buys Budapest office project

Investment & finance
HUNGARY Warsaw-listed developer GTC has acquired the 31,500 sqm Duna Tower office building in Budapest.

Located on Váci Corridor, the 16-floor project was completed in 2006. The building offers a three-floor underground car park with 400 parking spaces. “Following the successful completion of our capital increase, we are now ready to put our expertise and financial resources to work to pursue our growth strategy,” says GTC’s CEO, Thomas Kurzmann. The transaction takes GTC Hungary’s total office portfolio up to 118,000 sqm.

Latest news

Office & mixed-use development

Infinity will take till 2023

schedule 05 March 2021

Construction work has begun on the Infinity office building in Wrocław. has begun.

Office & mixed-use development

Raiffeisen in Monopol

schedule 05 March 2021
Opr./edited by AH

Raiffeisen Bank International AG is moving into the Monopol office centre in Warsaw.

Events

POLAND The search for a (tennis) star!

schedule 27 January 2021
Eurobuild Conferences

The champion for many years was Michał Małaszyński of APP-Projekt, while the last two years have been dominated by Krzysztof Stempień of Cresa. But who will be carrying off the trophies from the Eurobuild CEE Annual Tennis Tournament this year?

Warehouse & industrial

Romania VGP enters Romania

schedule 05 March 2021

Industrial developer VGP has purchased 25 ha to the north of Bucharest where it intends to develop VGP Park Bucharest.

Green projects

POLAND Panattoni goes for climate-neutrality by 2025

schedule 05 March 2021
Nathan North
deputy editor

Panattoni has announced a commitment to achieving climate-neutrality for all of its projects by 2025.

Investment & finance

CZECH REPUBLIC CTP to float in Amsterdam

schedule 05 March 2021
Opr./edited by NN

Czech industrial developer CTP has announced its intention to float on the Euronext Amsterdam stock exchange.

Office & mixed-use development

ROMANIA Sony stays in Bucharest Business Park

schedule 05 March 2021
Opr./edited by NN

Sony has renewed its lease in Bucharest Business Park for another five years.

Hotels

Timișoara City Center now open

schedule 04 March 2021

Optim Project Management has completed the construction of the 6,715 sqm ibis Timișoara City Center hotel on behalf of Hotel Development.

Property and Facility Management

Hungary CovergenCEE works for HB Reavis

schedule 04 March 2021

HB Reavis appointed ConvergenCE to lease 8,000 sqm in Agora Tower in Budapest last year, followed by an additional 6,000 sqm in Agora HUB in February.

Office & mixed-use development

Poland Abris stays on at Grzybowska Park

schedule 04 March 2021

Private equity firm Abris Capital Partners has extended its lease for office space in the recently refurbished Grzybowska Park.

Office & mixed-use development

POLAND Gdański Business Center almost fully leased

schedule 04 March 2021
Opr./edited by NN

Savills Investment Management leased almost 24,000 sqm to ten companies in the Gdański Business Center office complex in Warsaw in 2020 – almost a quarter of its total area.

Warehouse & industrial

POLAND Medical devices from Panattoni Park Tricity North

schedule 03 March 2021
Opr./edited by NN

A medical device manufacturer has leased more than 4,000 sqm in Panattoni Park Tricity North.

Retail & leisure

HUNGARY Etele Plaza ready for tenants

schedule 03 March 2021
Nathan North
deputy editor

An occupancy permit has been issued for the Etele Plaza shopping centre in Budapest’s XI district.

Investment & finance

Czech Republic Prague remains dominant

schedule 03 March 2021

The investment volume in the Czech Republic came to EUR 797 mln in H2 2020 with 60 pct of the H2 transaction volume (EUR 478 mln) invested in Prague, according to the latest figures from Savills.

Office & mixed-use development

Poland First building opens in Ocean Office Park

schedule 03 March 2021

Cavatina Holding has received an occupancy permit for the first building in its Ocean Office Park in Kraków's Zabłocie district. 

Retail & leisure

POLAND Kaufland to open in place of Tesco in Poznań

schedule 03 March 2021
Nathan North
deputy editor

Echo Investment has leased 8,500 sqm of retail space to supermarket chain Kaufland in its shopping centre on ul. Opieńskiego in Poznań’s Piątkowo district.

Warehouse & industrial

POLAND Barbora expands into Ożarów II Logistics Centre

schedule 03 March 2021
Opr./edited by NN

Barbora, the owner of the e-grocery store Barbora.pl, has leased 6,000 sqm of warehouse and office space in the Ożarów II Logistics Centre on Warsaw’s western outskirts.

Warehouse & industrial

POLAND AST Supplies prints its mark in Panattoni park

schedule 03 March 2021
Opr./edited by NN

Laser printer supplier AST Supplies has leased over 1,300 sqm of warehouse and office space in Panattoni Park Warsaw Janki III.

Eurobuild Awards

POLAND The new date for the Eurobuild Awards Gala

schedule 02 March 2021
Eurobuild Conferences

Sadly, due to the continuing global situation, we will not be able to meet on March 25th to announce the results of the Eurobuild Awards and to present the awards to the highest achieving companies in the commercial real estate sector.

Warehouse & industrial

Panattoni comes to Zgorzelec

schedule 02 March 2021
Opr./edited by AH

Panattoni Development Europe is to purchase a 13.2 ha plot in Zgorzelec on south-western Poland for a warehouse development.

Latest in Investment & finance

schedule 05 March 2021

CTP to float in Amsterdam

Czech industrial developer CTP has announced its intention to float on the Euronext Amsterdam stock exchange.

schedule 03 March 2021

Prague remains dominant

The investment volume in the Czech Republic came to EUR 797 mln in H2 2020 with 60 pct of the H2 transaction volume (EUR 478 mln) invested in Prague, according to the latest figures from Savills.

schedule 01 March 2021

Belgians buy Waterside in Gdańsk

Belgian property developer Alides has acquired the Waterside office complex in Gdańsk from Deka Immobilien for an undisclosed sum.

schedule 01 March 2021

CA Immo exits Slovakia with BBC sale

CA Immo has sold Bratislava Business Center 1 and 1 Plus to Prague-based investment bank Wood & Company for an undisclosed sum.

schedule 26 February 2021

GalCap loaned EUR 66.5 mln for Warsaw/Budapest offices

Pbb Deutsche Pfandbriefbank has provided a EUR 66.5 mln investment loan facility for an office portfolio managed by GalCap Europe on behalf of an institutional client.

schedule 21 February 2021

CTP raises EUR 500 mln

On February 18th 2021, CTP released its third issue of green bonds with a nominal of EUR 500 mln,  a coupon of 0.75 pct and a six-year maturity.

schedule 18 February 2021

Echo buys Archicom

Echo Investment is to acquire a majority stake in Wrocław-based residential developer Archicom company from its founders.

schedule 18 February 2021

Warsaw still dominates Polish office space

At the end of 2020, total modern office stock in Poland came to over 11.7 mln sqm, according to figures from Axi Immo.

schedule 18 February 2021

Investment figures in 2020 not too bad

Real estate investment came to over EUR 9.7 bln across the CEE region in 2020, while Poland’s figures at EUR 5.6 bln were a y-o-y drop of 30 pct but nonetheless, the third-highest ever recorded.

schedule 16 February 2021

Torus sells Neon for EUR 80 mln

Torus has sold the Neon office building, the fourth and final stage of the Alchemia business complex in Gdańsk, to German fund DWS Grundbesitz for more than EUR 80 mln net.

schedule 16 February 2021

Peakside raises EUR 160 mln

Peakside has raised EUR 160 mln for its PREF IV fund after the first closing.

schedule 16 February 2021

Tritax sells Castorama warehouse in Łódź for EUR 65.5 mln

London-based Tritax EuroBox has agreed to the sale of its 101,000 sqm warehouse leased to Castorama in Łódź for EUR 65.5 mln to South Korean clients of Savills Investment Management.

schedule 15 February 2021

East Capital buys Tallinn site for large-scale logistics

East Capital Real Estate has acquired 30 ha outside Tallinn for a new logistics project.

schedule 12 February 2021

Swedes take over Exeter

An application has been made to the Office of Competition and Consumer Protection (the Polish anti-trust body, UOKiK) to allow the USD 1.87 bln deal to proceed for Swedish fund manager EQT to acquire US real estate investment manager Exeter Property Group.

schedule 11 February 2021

White Stone issues bonds worth PLN 11 bln

White Stone Development has issued its first-ever unsecured bonds worth PLN 11 mln.

schedule 11 February 2021

CA Immo on a roll

In its preliminary results for 2020, CA Immo is expecting a property valuation effect of around EUR 205 mln (EUR 2.07 per share) for the fourth quarter of 2020.

schedule 09 February 2021

Jerozolimskie BP in new hands

Jerozolimskie Business Park in Warsaw has been acquired by Brugnola, a joint venture of Rida Development and Mack Real Estate Group, from A&T Holdings for an undisclosed sum.

schedule 04 February 2021

InPost partners with Echo

Echo Investment has started a long-term partnership with InPost.

schedule 04 February 2021

Nhood takes to the stage

Association Familiale Mulliez (AFM) has set up a new development subsidiary Nhood and appointed Etienne Dupuy as managing director.

schedule 03 February 2021

Investors ready with their chequebooks

Dealmakers are broadly positive about the prospects for M&A in Central, Eastern and South-Eastern Europe (CEE/SEE), according to a new survey from Wolf Theiss and Mergermarket.

Categories