PL

Baltic Horizon Fund acquires Duetto 1

Office & mixed-use development
LITHUANIA Baltic Horizon Fund has announced that it has signed an agreement to acquire the Duetto I office building in Vilnius for EUR 14.6 mln (excluding VAT) from YIT Kausta būstas with the seller having issued a guarantee of the property’s income for a period of two years.

The ten storey building is located next to the newly completed western ring road and has a net leasable area of 8,327 sqm Tenants include Lindorff and Pernod Ricard with the transaction being brokered by Newsec and law firm Ellex Valiunas. Fund manager Tarmo Karotam said of the transaction that: “The strategy of the fund is to invest in commercial real estate with strong tenants across Baltic capital cities. The brand new energy efficient Duetto I office building is exactly the type of property that is attractive for growing near-shoring tenants such as Lindorff in the fast developing city of Vilnius.”

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Investment & finance

Poland Cavatina finalises purchase on ul. Chmielna

schedule 06 December 2023
Opr./edited by ANZ

As previously announced, Cavatina has purchased a site located in the centre of Warsaw at ul. Chmielna 75. The transaction amounts to more than PLN 145 mln. The group intends to develop a mixed-use project in this location, with a predominantly residential function.

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Latvia Six Sunly solar parks in Latvia

schedule 06 December 2023
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Estonian renewable energy company and independent energy producer Sunly is planning to build six solar parks in Latvia with a total capacity of 52 MW. The construction is financed by Swedbank with EUR 22 mln. This is Swedbank’s biggest contribution to the solar park sector in Latvia.

Eurobuild FM

Poland Andrzej Dużyński on developing SBUs

schedule 06 December 2023
Tomasz Cudowski
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Welcome to a special episode of Eurobuild FM! This short podcast featuring Andrzej Dużyński also includes the announcement of an extensive interview with the head of Ideal Idea that will be published in a few days in the Christmas issue of Eurobuild CEE magazine. We invite you to both listen in and read the article!

Office & mixed-use development

Romania More energy for Equilibrium 2

schedule 05 December 2023
Opr./edited by JC

Energy sector services and supplies group Eximprod is relocating its Bucharest office to the Equilibrium 2 building in the same city.

Warehouse & industrial

Romania New FAN for VGP Park Arad

schedule 05 December 2023
Opr./edited by JC

Romanian online shipping company FAN Courier has leased 10,000 sqm – the last available space – in VGP Park Arad in western Romania.

Warehouse & industrial

Poland Panattoni close to completing DHL centre near Poznań

schedule 05 December 2023
Opr./edited by JC

Panattoni's development of a 32,000 sqm logistics centre for DHL Parcel in Robakowo near Poznań is now close to completion. It is set to be the developer’s third industrial project in Poland to be awarded BREEAM ‘Outstanding’ certification.

Eurobuild FM

Poland Anna Watkowska on FSO Park

schedule 04 December 2023
Magda Rachwald

Welcome to Eurobuild FM! Anna Watkowska, a member of Okam City's management board and the project leader of the FSO Park development in Warsaw, talks exclusively for our podcast about the largest planned residential investment in the city. Check out at what stage this spectacular project has now reached.

Warehouse & industrial

Romania Chinese choose CTPark

schedule 04 December 2023
Opr./edited by ANZ

Topband Smart Europe, a Chinese company that manufactures controllers for power tools, white goods and BMS systems, has started operations at CTPark Timişoara. The tenant's production facility occupies app. 11,000 sqm.

Office & mixed-use development

Poland Lux Med stays at O3 Business Campus

schedule 04 December 2023
Opr./edited by ANZ

Lux Med Group has extended its lease at EPP-managed O3 Business Campus in Kraków. The tenant occupies almost 2,200 sqm in the building.

Warehouse & industrial

Poland Panattoni grows in Łódź

schedule 04 December 2023
Opr./edited by JC

Panattoni has started the construction of the first hall within Panattoni Park Łódź West II, which will occupy 70,630 sqm. Almost half of this space will be taken up by Rohlig Suus Logistics.

Investment & finance

Croatia S Immo sells Eurocenter in Zagreb

schedule 04 December 2023
Opr./edited by ANZ

S Immo successfully concluded the disposal of the Eurocenter office building in Zagreb, Croatia. In addition to offices, the Eurocenter also includes a bank branch and a café and has a gross lettable area of around 9,000 sqm.

Warehouse & industrial

Germany CTP to deliver sustainable transformation

schedule 04 December 2023
Opr./edited by JC

CTP has announced plans to develop a 60,771 sqm logistics park through a partial refurbishment of an existing business park in Krefeld West, Germany.

Residential

Poland More then 500 units under the Lett brand

schedule 01 December 2023
Opr./edited by ANZ

In two years, Finnish developer YIT has built and handed over more than 500 rental units in Warsaw to the Nrep fund. The flats were built in three Warsaw districts - Ursynów, Bemowo and Mokotów.

ESG

Poland CMS, WELL done!

schedule 01 December 2023
Opr./edited by ANZ

The CMS law firm's headquarters, located in Varso Tower, has become the first office arrangement in Poland to be awarded WELL Platinum certification. Thus, CMS joins the ranks of four law firms worldwide that have an office that complies with the highest standards of occupant wellbeing.

Office & mixed-use development

Poland Concentrix circles in on Global Office Park

schedule 30 November 2023
Opr./edited by ANZ

Customer engagement specialist Concentrix has leased almost 5,200 sqm in Global Office Park in Katowice, which is owned by Cavatina. The deal is the largest office lease in the city in 2023.

Investment & finance

Poland mBank provides loan for 7R

schedule 30 November 2023
Opr./edited by ANZ

7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of EUR 15.5 mln was provided by mBank.

Warehouse & industrial

Poland Universal Express long-stay in Pruszków

schedule 30 November 2023
Opr./edited by BL

Universal Express has extended its lease of the MLP Pruszków II park for another period. The company has been a tenant of the MLP logistics centre for almost 10 years.

Hotels

Poland The seventh Accor in Kraków

schedule 30 November 2023
Opr./edited by ANZ

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.

Investment & finance

Poland Galeria Tarnovia changes hands

schedule 30 November 2023
Opr./edited by ANZ

A London-based European investment company has finalised the purchase of Galeria Tarnovia, which is one of the biggest transactions on the Polish retail property market this year. The Tarnów mall has about 17,000 sqm of leasable space (36,500 sqm of total space).

Infrastructure

Poland PLN 1.5 bln for the airport

schedule 29 November 2023
Opr./edited by ANZ

The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include more than 20 projects, with the construction of a passenger terminal, a cargo terminal, a technical hangar, as well as taking into account changes to the airport's transport system.

Latest in Office & mixed-use development

schedule 05 December 2023

More energy for Equilibrium 2

Energy sector services and supplies group Eximprod is relocating its Bucharest office to the Equilibrium 2 building in the same city.

schedule 04 December 2023

Lux Med stays at O3 Business Campus

Lux Med Group has extended its lease at EPP-managed O3 Business Campus in Kraków. The tenant occupies almost 2,200 sqm in the building.

schedule 30 November 2023

Concentrix circles in on Global Office Park

Customer engagement specialist Concentrix has leased almost 5,200 sqm in Global Office Park in Katowice, which is owned by Cavatina. The deal is the largest office lease in the city in 2023.

schedule 27 November 2023

Mogilska 35 Offices officially opened

Warimpex has opened its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 sqm of space, is located in the immediate vicinity of the city centre. The building is already almost half let.

schedule 23 November 2023

First offices arise at Towarowa 22

Construction work has begun on Office House, the first stage of the Towarowa 22 multifunctional development in central Warsaw.

schedule 22 November 2023

LSD Group at Globalworth Plaza

Globalworth has signed a lease agreement for Globalworth Plaza with LSD Group, a multinational general contracting and fit-out company based in Bucharest.

schedule 22 November 2023

New tenants in the Garden

Vastint Poland has leased nearly 1,950 sqm in Business Garden Poznań. The new tenants will occupy space in three buildings on Pastelowa Street.

schedule 21 November 2023

One Cotroceni Park wants to be fit

One United Properties announces the upcoming opening of a new World Class fitness centre within One Cotroceni Park development in Bucharest. The facility will occupy 2,600 sqm of space.

schedule 20 November 2023

C.H. Robinson opts for Studio B

In spring next year, C.H. Robinson will move into Studio B, a Warsaw office building developed by Skanska. The logistics platform will take up nearly 4,500 sqm of space.

schedule 16 November 2023

Chilliflexes its muscles in Kraków

Ghelamco has secured another tenant for its latest Krakow project, the Kreo office building. Chilliflex, a coworking and serviced office operator, has leased nearly 5,700 sqm of space on Wadowicka Street.

schedule 14 November 2023

Green energy in North Gate

Deka Immobilien, the owner of the North Gate office building in Warsaw, has signed a lease agreement with a company operating in the renewable energy sector. The tenant has taken an office of more than 5,000 sqm.

schedule 13 November 2023

Entire floor rented at ZenGarden

ZenGarden, an office complex in Budapest, has achieved over 90 pct occupancy. The latest tenant, who remains confidential, has taken the entire floor i.e. 1,300 sqm.

schedule 10 November 2023

Studio will have a tower

Skanska is starting construction of phase II of the Studio complex. The development will deliver 26,600 sqm of office space to the Warsaw's market. Studio A building will be completed in 2025.

schedule 08 November 2023

Office on three floors

AML RightSource has moved into the Wadowicka 3 complex owned by Reino Capital Partners. The firm's new office occupies more than 4,400 sqm on building C's three floors.

schedule 07 November 2023

Slovakia’s tallest building almost ready

Eurovea Tower, the first skyscraper in Bratislava, has received use permit. Construction of Slovakia’s tallest building led by JTRE is almost completed. Only apartment interiors and common areas need to be finished before properties are handed over in spring 2024.

schedule 06 November 2023

WeWork on the brink

The trading of WeWork's shares on Wall Street was suspended today, following the coworking operator's filing for financial reorganisation (Chapter 11). For several days, the global media has been reporting on the increasing problems faced by the chain and, according to some sources, a bankruptcy petition for WeWork is to be filed this week.

schedule 03 November 2023

Turbine powers into Corvin

Digital biopharma research and development company Turbine has opened its new 1,300 sqm headquarters in the Corvin Innovation Campus office building in Budapest.

schedule 31 October 2023

Cavatina plans 100m tower in central Warsaw

Cavatina is to begin consultations related to a mixed-use project at ul. Chmielna 75 in Warsaw. The developer recently signed a conditional agreement to purchase the 1 ha site from the Polska Poczta (the Polish Post Office). The initial plans include the construction of a building over 100m in height.

schedule 30 October 2023

Historic Łódź warehouse to be transformed

A&A Holding has received the building permit for the redevelopment of Magazyn Bawełny (Cotton Warehouse) in Łódź, which once served as a warehouse for a neighbouring cotton mill. The mixed-use project is to be developed within the Manufaktura complex in the city.

schedule 26 October 2023

Warsaw office development slows down sharply

Cushman & Wakefield has released a summary of office market conditions in Warsaw. This year’s development activity is expected to fall to its lowest in nearly 25 years amid a record number of leases, falling vacancy rates and the continued upward pressure on rental growth.

Edition 11 (283) November 2023

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