PL

Leonardo alters the picture

Hotels
Anna Pakulniewicz, ‘Eurobuild Central & Eastern Europe’: The JM Hotel in Warsaw has been acquired by Leonardo Hotels to become the first hotel of the chain in Poland. What is your development strategy for Poland and the region? Paulina Kołodziejczyk, general director, Leonardo Royal Hotel Warsaw: The decision to enter the Polish market was really made at the last minute. Initial negotiations took place in November last year. That was when we decided to take over the JM hotel on ul. Grzybowska. The first quarter of operations was very fruitful. I expected this because I know the Polish market, so I was not afraid of taking up the challenge. However, the Leonardo group has been positively surprised. We have enjoyed much better results compared to other hotels in Central Europe – such as in Berlin, or Prague, where we have had the Nyx hotel for a year, and Budapest.
Have you been officially operating under the new brand? The old name is still on the entrance. We have been present here since March 16th and the name has been officially changed to Leonardo Royal. However, we are not the leaseholder of the entire property, only of certain floors: 0–1 and 18–27. The rest of the building is office space. We have separate entrances. The entire building, which is owned by JM Invest, is called JM Tower. Thus it still bears the former name of the hotel &
92% of content remaining
Unlock full access to the article
Get 17% discount when you pay annually
PLN
EUR
Lifetime access to current material
One-time payment, lifetime access.
Choose
Access includes
  • Lifetime access to current material
Subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • EurobuildCEE editions online & flipbook version
  • Exclusive news, comments, articles and interviews with the most important market representatives and experts
  • Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
  • Eurojobs
  • Eurobuild FM
Already have an account? Log in

Latest news

Eurobuild CEE

Poland Eurobuild CEE for January and February!

schedule 22 January 2025
Eurobuild CEE

The latest, optimistic issue of Eurobuild CEE is now available! Make sure you don't miss it! 

Investment & finance

Czech Republic Max has bought from Anatol

schedule 22 January 2025
Opr./edited by JC

The Myslbek office and retail complex on Prague’s centrally located Na Příkopě street has been purchased by Max Realitní Fund. The property was acquired from Anatol Invest Holding.

Warehouse & industrial

Poland Valmet Automotive's factory in Żary is growing

schedule 22 January 2025
Opr./edited by ANZ

Panattoni and Valmet Automotive, a supplier to the automotive industry, have officially inaugurated the expansion of the factory in Żary. On 21 January, the foundation stone was laid for the construction of an 8,800 sqm BTS facility.

Warehouse & industrial

Poland TVH leases a warehouse in Silesia

schedule 22 January 2025
Opr./edited by JC

TVH, a global supplier of parts and accessories for material handling, industrial, construction and agricultural machines, has leased nearly 17,000 sqm of space at Prologis Park Ruda Śląska.

Office & mixed-use development

Germany Timber Factory is set for construction

schedule 22 January 2025
Opr./edited by JC

Timber Factory – the building complex by UBM Development and ARE Austrian Real Estate – will be Munich’s first commercial campus in a timber hybrid design, with approx. 59,500 sqm of GFA. Building is scheduled to begin in the Q3 of 2025.

Office & mixed-use development

Poland The law firm SPCG has chosen Infinity

schedule 22 January 2025
Opr./edited by ANZ

The law firm of attorneys and legal advisers Studnicki, Płeszka, Ćwiąkalski, Górski has joined the group of tenants in Wrocław's Infinity office building. The firm has leased over 350 sqm of space. The opening of the new branch of the SPCG law firm is scheduled for August 2025.

Investment & finance

Germany Invesco has bought a brownfield

schedule 22 January 2025
Opr./edited by JC

Invesco Real Estate has acquired a post-industrial site in Bruchsal for Invesco Real Estate Europe Fund III. The 80,000 sqm site will be revitalised in cooperation with Propel Industrial.

Warehouse & industrial

Poland Four new tenants at MDC²

schedule 22 January 2025
Opr./edited by ANZ

MDC², which is developing the MDC² Park Kraków South warehouse complex in Skawina near Kraków with investor Generali Real Estate, has signed four leases for a total of nearly 16,000 sqm. The companies have taken warehouse and office space.

Office & mixed-use development

Poland Atlas Ward is responsible for the redevelopment of V Tower

schedule 21 January 2025
Opr./edited by ANZ

Atlas Ward appointed as general contractor for the redevelopment of V Tower. The green modernization of the office building at ul. Chmielna in Warsaw has entered its decisive phase. The work began in January and is scheduled to be completed by the end of August.  

Warehouse & industrial

Poland InterPadel is the first tenant at MLP Business Park Poznań

schedule 21 January 2025
Opr./edited by ANZ

MLP Group has signed a lease agreement with a company operating a network of padel centers  in Poland. InterPadel will occupy approx. 2,800 sqm of space at MLP Business Park Poznań. The facility is scheduled for handover in December 2025. 

Warehouse & industrial

Germany Bravobike shifts into high gear

schedule 20 January 2025
Opr./edited by JC

Garbe Industrial Real Estate has concluded a rental agreement with Bravobike in Kabelsketal (Saale district, Saxony-Anhalt). The company will use a total area of approx. 23,500 sqm.

Office & mixed-use development

Poland PFR is staying in Cedet

schedule 20 January 2025
Opr./edited by JC

Companies from the PFR group, including Kuke, remain tenants of Cedet in Warsaw. The companies use a total of 9,500 sqm in the office building.

Investment & finance

Poland The French are shopping in Poland

schedule 20 January 2025
Opr./edited by JC

At the beginning of 2025, Remake Asset Management made its debut in Poland. We received exclusive commentary on the matter from Julien Lamy of Remake and Błażej Czwarnok of the Gide law firm.

Office & mixed-use development

Poland Some Oxygen for Grupa Transportowa

schedule 20 January 2025
Opr./edited by JC

Grupa Transportowa has joined the group of tenants of Oxygen Park. The new Warsaw branch of the company is located in nearly 200 sqm of office space on the ground floor of Building B.

Land acquisitions

Serbia CTP purchases land in Kragujevac

schedule 17 January 2025
Opr./edited by ANZ

CTP has strengthened its presence in Serbia with the acquisition of a significant parcel of land which will provide 50,000 sqm of lettable space in Kragujevac. 

Office & mixed-use development

Poland Grundmanna Office Park has a new tenant

schedule 17 January 2025
Opr./edited by ANZ

IT company Sopra Steria Polska will change its Katowice address in 2026. The company has signed a lease for 4,000 sqm of office space in the Grundmanna Office Park A building, owned by Cavatina Holding.

Office & mixed-use development

Poland Cushman commercialises Equal Business Park

schedule 16 January 2025
Opr./edited by ANZ

Cushman & Wakefield has been appointed as sole letting agent for three buildings of Kraków’s Equal Business Park, owned by funds managed by Apollo-Rida. 

Warehouse & industrial

Poland Construction works start on City Point Okęcie

schedule 16 January 2025
Opr./edited by JC

The joint venture between Partners Group, acting on behalf of its clients, and Peakside Capital Advisors announces the start of construction for City Point Okęcie. The urban logistics facility, spanning over 11,000 sqm, will be strategically located near Warsaw Chopin Airport.

Office & mixed-use development

Poland Matarnia Office Park is fully leased

schedule 16 January 2025
Opr./edited by ANZ

The Matarnia Office Park office complex in Gdańsk has been fully leased. The two buildings together offer more than 5,000 sqm of space. The facility belongs to the Domesta company, which is part of the Inpro capital group.

Investment & finance

Germany ECE Work & Live sells another logistics centre

schedule 16 January 2025
Opr./edited by ANZ

The state-of-the-art logistics centre near Heilbronn, Germany, which is spread across two buildings and fully let, was bought by a logistics fund of Axa IM Alts. The transaction was signed shortly before the turn of the year and is to be closed shortly.

Latest in Hotels

schedule 13 January 2025

Mövenpick opens in Poland and beyond

Mövenpick has made its debut in Poland with the opening of two hotels – Mövenpick Grand Hotel Wrocław and Mövenpick Resort & Spa Karpacz. The brand has plans for further expansion in Europe.

schedule 16 December 2024

Hotel in the clouds

The first The Cloud One Hotel in Warsaw is set to open in the Upper One complex, offering over 360 rooms.

schedule 11 December 2024

Spark by Hilton debuts in Poland

The Spark by Hilton brand is entering the Polish market with two new hotels. Spark by Hilton Pobierowo and Spark by Hilton Krynica Morska will open within the next six months.

schedule 06 December 2024

Handwritten Collection opens its first hotel in Germany

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.

schedule 06 December 2024

W debuts in Prague

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.

schedule 03 December 2024

Grand transaction in Sopot

The Sofitel Grand Sopot has changed hands. The Polish company Sinfam Investments became the new owner of the hotel. The seller was AccorInvest, which includes the Orbis group. Sofitel will remain the managing operator of the hotel. 

schedule 20 November 2024

Luxury stay in Belgrade

The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade Tower (Kula Beograd), built at the meeting point of the Sava and Danube rivers.

schedule 15 November 2024

Puro has financing for an investment in Budapest

Bank Gospodarstwa Krajowego has granted a loan of up to EUR 40 mln to the Hungarian company from the Puro Group. The financing will be used for the construction of a four-star premium hotel in the centre of Budapest. 

schedule 13 November 2024

First Bulgarian Mercure opens

Mercure, a brand of the Accor Group, announces the opening of its first hotel in Bulgaria. The new property is located in one of Sofia's most prestigious districts, Manastirski Livadi, with easy access to the National History Museum and Vitosha National Park.

schedule 04 November 2024

Juliš changes hands

S Immo has successfully completed a sale of the Juliš Hotel in Prague, with a total leasable area of around 6,700 sqm.

schedule 26 September 2024

Moxy plans a ton

The Moxy Hotels brand has announced the expansion of its European portfolio to 100 hotels by the end of 2025. 17 more hotels are to open by the end of next year, including Moxy Warsaw City.

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.

Read flipbook version

Edition 1 (295) January 2025

Latest comments

Categories

Log in

Forgot your password? Reset password

Your order

Your data
Invoicing data
Order summary
Net order
VAT (%)
Gross order
Already have an account? Log in
Payment security is ensured