Investment & finance
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.
Investment & finance
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
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
Energy sector services and supplies group Eximprod is relocating its Bucharest office to the Equilibrium 2 building in the same city.
Warehouse & industrial
Romanian online shipping company FAN Courier has leased 10,000 sqm – the last available space – in VGP Park Arad in western Romania.
Warehouse & industrial
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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.
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.
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.
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.
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).
White Stone Development has sold two office buildings at Cybernetyki 7 Street. The Hol77 complex in Warsaw's Mokotów district has been purchased by Flora Development 22.
mBank has provided MLP Group with financing of nearly EUR 12 mln. The funds raised will be used to refinance the construction of a 32,000 sqm warehouse facility at the MLP Pruszków II logistics centre.
Panattoni is developing a manufacturing plant for the Fortaco Group in Knurów near Gliwice. The construction of the factory has been financed by a loan from Alior Bank of over EUR 24 million.
Globalworth has been granted funding in the form of a EUR 145 mln bank loan. The financing covers the Skylight and Lumen buildings on ul. Złota, as well as the Hala Koszyki.
Pbb Deutsche Pfandbriefbank has provided a EUR 113 mln investment loan facility to CTP, which will be drawn down in phases. CTP will utilise the proceeds for the refinancing of a logistics portfolio in the Czech Republic.
Nepi Rockcastle’s net operating income rose 23 pct in the first nine months of 2023 to EUR 365 million, versus the same period of 2022. The main drivers of the strong performance were a combination of tenant sales performance and the contribution of the acquisitions completed in 2022.
PBB Deutsche Pfandbriefbank has granted a 75 mln euro investment loan to a Polish company managed by Macquarie Asset Management. The loan will be used to refinance the Cedet office building in Warsaw.
According to the latest report from PwC and the Urban Land Institute, 75 pct of real estate leaders agree current valuations “do not accurately reflect” all the challenges and opportunities in real estate, as a wedge continues to be driven between market price expectations and book valuations.
Stokado, owned by Redefine Properties and Griffin Capital Partners, has acquired Top Box self-storage rental company. As a result, Stokado has added 4,500 sqm to its portfolio of operating assets and further 4,500 sqm to development pipeline.
Hillwood Poland has signed a loan agreement worth more than EUR 13 million with BNP Paribas Bank for the development of a logistics park in Syców, as well as an agreement worth more than EUR 35 million for the development of a park in Rawa Mazowiecka.
S Immo has signed a non-binding letter of intent with Czech Property Investments, a subsidiary of CPI Property Group, to acquire a property portfolio in the Czech Republic.
The pricing gap between buyers’ and sellers' expectations remains a significant barrier to seeing volumes return to the 5 and 10-year average levels of EUR 10-11 bln, however, lower levels of vacancy are being recorded and some good levels of rental growth in certain sectors have been noted, reveals Colliers in its latest “Q3 2023 CEE Investment Scene” report.
Crestyl has completed the acquisition of the remaining 50 pct stake in Spravia from Cornerstone Partners, giving it full control of the company.
Sonar Real Estate has secured an office property in Munich in a joint venture with a global institutional investor. The seller, Global Gate Capital, is an international investment firm that invests across alternative asset classes and public markets.
MidEuropa, a European private equity investor, has entered into an agreement to sell Romanian food retailer Profi Rom Food to Ahold Delhaize. The value of the enterprise was estimated at about EUR 1.3 bln pre-IFRS16 (EUR1.8 bln post-IFRS 16).
Dutch studio Benthem Crouwel Architects together with Czech architects OVA have won the competition to redesign a quarter of Vítězné náměstí (Victory ...
Polish construction company Erbud has signed a cooperation agreement with South Korean giant Daewoo Engineering & Construction to jointly implement pr ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni has extended its sponsorship agreement with Poland’s premier golfer, Adrian Meronk. In the first year of Panattoni’s sponsorship, Meronk ach ...
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 ...
The CMS law firm's headquarters, located in Varso Tower, has become the first office arrangement in Poland to be awarded WELL Platinum certification. ...
The Eurobuild Award 2023 for Outstanding Contribution to Real Estate went to… Tomasz Lubowiecki, a founder and the chairman of the board at 7R
The grand finale of the 13th Eurobuild Awards is to take place tonight! Join us at the Gala at the DoubleTree by Hilton hotel or follow the announceme ...
Welcome to a special episode of Eurobuild FM! This short podcast featuring Andrzej Dużyński also includes the announcement of an extensive interview w ...
And now we now all the winners! The jurors, tenants and guests of the Gala have made some difficult but well-considered choices. So, let’s meet this y ...
This latest episode of 'Eye to Eye' is hot out of the podcast oven and ready to listen to! Eurobuild’s guest today is Paweł Sapek, the head of Prologi ...
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 ...
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 bran ...
Michał Masztakowski has taken up the position of the head of the retail agency in Poland at Cushman & Wakefield. He will be responsible for preparing ...
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 ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
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 14 ...
Wrocław-based Satoia has acquired a 10 ha plot in Wolbórz from CPD for an undisclosed sum. The land has the potential for the development of an app. 4 ...
Michał Ptaszyński, Country Manager Poland, Logicor, tells us optimistically about the future of the logistics industry in Poland, the company's upcomi ...
Energy sector services and supplies group Eximprod is relocating its Bucharest office to the Equilibrium 2 building in the same city.
Savills is to manage Okam's F.S.O Park development in Warsaw's Żerań district, covering the operation of the existing warehouse and office space.
Construction of a new campus for the Faculty of Medicine and Pharmaceutical Faculty of Charles University in Hradec Králové is now underway. The comp ...
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 War ...
In this year's 33rd edition of the Cushman & Wakefield Main Streets Across the World ranking, the Czech Pařížská street has been ranked 11th in Europe ...
Bright Spaces has announced a partnership with CA Immo Hungary to digitally showcase five of the latter’s buildings.
Romanian online shipping company FAN Courier has leased 10,000 sqm – the last available space – in VGP Park Arad in western Romania.
Investing in ‘safe havens’
Investing in ‘safe havens’
Avison Young
One of the basic rules of investing says: ‘don’t put all your eggs in one basket.’ We can secure capital through broadly understood diversification, i.e. dividing ...
A new model is necessary
A new model is necessary
WeWork
Coworking remains a great product, attractive, and popular among its users. However, the existing business model has exposed its investors to long-term vulnerability. In essence, ...
Dynamic growth of private dormitories
Dynamic growth of private dormitories
CRM Students
As students embark on their higher education journeys, choosing their accommodation becomes a crucial decision that significantly influences their comfort and overall quality of un ...