PL

Towarowa Towers unveiled

Residential
POLAND Asbud has presented the artistic renderings for two residential towers planned for Warsaw's Wola district on its website in preparation for the start of sales.

The Towarowa Towers project is to replace the skeleton of an uncompleted office project on a 1.8 ha plot on ul. Towarowa and ul. Prosta around 30m from the Rondo Daszyńskiego metro station. Asbud has still not provided further details for the project other than what it originally announced in 2017, which was that it was planning to build two 30-storey residential towers with 900 units.

Latest news

Warehouse & industrial

GERMANY MLP Group starts work on Berlin park

schedule 12 August 2020
Opr./edited by NN

Polish warehousing developer MLP Group is about to start the construction of MLP Business Park Berlin I, a city logistics project located to the south of the city.

Office & mixed-use development

POLAND Kajima completes Oponeo HQ

schedule 12 August 2020
Opr./edited by NN

Kajima Poland has completed the extension and reconstruction of the Bydgoszcz headquarters of tyre e-retailer Oponeo.pl.

Office & mixed-use development

POLAND Polish office market surviving but set for a correction – C&W

schedule 12 August 2020
Opr./edited by NN

The total office stock in Poland’s nine largest cities grew by 6 pct y-o-y in H1 2020, despite the lockdown, according to research by Cushman & Wakefield.

Technology

Poland Robot blasts germs with UV

schedule 11 August 2020

The first Polish robot to use UV-C light for disinfection has been put to use in a hospital in Wrocław.

Technology

Poland Robots replace dinner ladies

schedule 11 August 2020

The first fully automated canteen in Poland is to open in Sky Tower in Wrocław.

Property and Facility Management

CZECH REPUBLIC Savills for Cimex again

schedule 11 August 2020
Opr./edited by NN

Cimex Group has appointed Savills as the property and leasing manager for twelve commercial properties across the Czech Republic.

Warehouse & industrial

Poland Work to start on City Logistics Warsaw Airport II

schedule 11 August 2020
Opr./edited by AH

Panattoni has just announced a Warsaw development, which is to be built on a 1.9 ha site next to the S7 junction with the S8 expressway around six kilometres from Warsaw's Chopin Airport. City Logistics Warsaw Airport II, which is to be built on Warsaw's city limits, will have an area of 9,000 sqm and construction work is to begin in August.

Investment & finance

HUNGARY CPI raises HUF 30 bln from green bonds

schedule 10 August 2020
Opr./edited by NN

Czech real estate developer CPI Property Group auctioned HUF 30 bln (app. EUR 86 mln) of senior unsecured green bonds with a ten-year bullet maturity on August 5th.

Warehouse & industrial

POLAND Warehouse vacancy creeps up

schedule 10 August 2020
Opr./edited by NN

Both warehouse take-up and supply reached high levels in H1 2020 in Poland, according to Cushman & Wakefield's latest report on the Polish industrial market.

Interior design

POLAND C&W shows off new Hub HQ

schedule 10 August 2020
Opr./edited by NN

Cushman & Wakefield has completed the move of its Warsaw offices to The Warsaw Hub, which has just come into use.

Office & mixed-use development

POLAND Pretty unvacant in the TriCity

schedule 10 August 2020
Opr./edited by NN

The TriCity office market now has the lowest vacancy of all the major cities in Poland, according to Walter Herz.

Green projects

Hungary LEED Gold for BudaPart

schedule 10 August 2020
Opr./edited by AH

The first office building within Property Market's BudaPart development in Budapest has been awarded LEED 'Gold' certification.

Retail & leisure

BULGARIA Sofia retail rents set to keep on sliding – Colliers

schedule 10 August 2020
Opr./edited by NN

The amount of absorbed retail space in Sofia in H1 decreased by 30 pct compared to H2 2019 to just over 9,000 sqm, according to Colliers International.

Investment & finance

SLOVAKIA Slovak investment weathers the storm

schedule 10 August 2020
Opr./edited by NN

The H1 2020 investment volume in Slovakia reached EUR 432 mln – a 66 pct increase on the same period last year, according to CBRE.

Public buildings

SERBIA Sava Centar on sale for EUR 27.42 mln

schedule 07 August 2020
Nathan North
deputy editor

The City of Belgrade has put the Sava Centar congress hall up for auction with a starting price of EUR 27.42 mln.

Public buildings

LATVIA Corner House in Riga up for sale

schedule 07 August 2020
Opr./edited by NN

VNĪ, the Latvian state real estate company, is putting up for sale Tetera House (or the Corner House) in Riga.

Investment & finance

ROMANIA Romanian investment shakes off sluggishness

schedule 07 August 2020
Nathan North
deputy editor

Around EUR 408 mln was transacted on Romanian in H1 2020 – an 18 pct y-o-y increase, despite the pandemic, according to Colliers International’s latest Romanian market update.

Office & mixed-use development

HUNGARY Skanska to begin H20ffices in Budapest

schedule 07 August 2020
Opr./edited by NN

Skanska has announced that it will be starting work on its H2Offices development in central Budapest this quarter.

Office & mixed-use development

POLAND BGK finds the right Alchemia

schedule 07 August 2020
Opr./edited by NN

Bank Gospodarstwa Krajowego (BGK) has leased 550 sqm of office space for its new regional office in the Aurum building in the Alchemia complex in Gdańsk.

Warehouse & industrial

POLAND Polish warehouses in record-breaking form in H1

schedule 07 August 2020
Opr./edited by NN

The Polish warehouse market maintained its robust momentum with a record 2.38 mln sqm leased on the Polish warehouse market in H1, according to Axi Immo’s ‘Polish Warehouse Market in H1 2020’ report.

Latest in Residential

schedule 06 August 2020

Penta given go-ahead for Nuselský Pivovar

A planning permit has been issued for Penta Real Estate’s The Residence Nuselský Pivovar development in Prague’s Nusle district.

schedule 04 August 2020

Second sales for KRK underway

Sales have begun for the apartments in the second stage of the KRK estate, which is being developed by Echo Investment in Krakow’s Bronowice district, has started.

schedule 28 July 2020

Historic homes worth their weight in gold

Ghelamco has reported a y-o-y increase of 250 pct in sales in in Q2 2020 for its Foksal 13/15 luxury apartment project in central Warsaw.

schedule 15 July 2020

Resi4Rent taking off in Wrocław

Less than a year after the first buildings of the Resi4Rent Wrocław Rychtalska project came into use they are now 95 pct leased, while half of the company’s newly opened complex on ul. Mieszczańska is also rented out.

schedule 15 July 2020

Aurec opens sales for Włochy estate

Aurec Home has launched the sales process for the 163 apartments in the first stage of its Miasteczko Jutrzenki estate in Warsaw’s Włochy district.

schedule 13 July 2020

Echo Investment on course to sell 1,600 homes in 2020

Echo Investment sold 653 apartments in H1 2020, beating its figures for the same period last year.

schedule 03 July 2020

Cordia cashes in EUR 38 mln from Polnord takeover

Cordia is set to make a profit of EUR 38.2 mln (app. PLN 170.4 mln or HUF 13.6 bln) from its acquisition this year of a 93 pct stake in Polish residential developer Polnord.

schedule 03 July 2020

Echo restores life to 19th century Wrocław palace

Echo Investment has completed the renovation of the historic palace within its Ogrody Graua residential development in Wrocław, which now contains eight luxury apartments for sale.

schedule 17 June 2020

FRI-EL Building builds Ateneo Timișoara

ROMANIA Italian investor FRI-EL Building is to invest EUR 80 mln in developing Ateneo Timișoara, which with 1,300 apartments is currently the biggest residential project under development in the western part of Romania.

schedule 15 June 2020

Aurec to build 800 apartments in Ursus

POLAND Aurec Home has completed the purchase of a 2.5 ha site on ul. Dyrekcyjna in Warsaw’s Ursus district, where the company is planning to build an estate with around 800 apartments, as well as commercial, food and service space.

schedule 08 June 2020

Many more PRS apartments in the pipeline

POLAND Two companies have recently announced their plans for investing on the PRS market.

schedule 08 June 2020

Foksal townhouses finally restored to former glory

Ghelamco has brought back into use two historic townhouses at ul. Foksal 13/15 in central Warsaw after extensive renovation and restoration work.

schedule 05 June 2020

Vantage comes to Łódź

Vantage Development has announced that it has bought land at auction on ul. Tuwima in Łódź, where it intends to develop around 240 rental apartments.

schedule 03 June 2020

Building permit for Up Site

ROMANIA Atenor has announced that it has been granted a building permit for its Up-Site residential project in Bucharest.

schedule 02 June 2020

Savills seeks PRS partner for Eiffage

POLAND Eiffage Immobilier Polska has appointed Savills to acquire an investment partner for the development of a 453-apartment build-to-rent project in Warsaw, which forms part of a secured development pipeline of over 2,300 such units in Poland’s five largest cities.

schedule 16 May 2020

Record Q1 for Ronson

POLAND Polish residential developer Ronson Development generated a net profit of PLN 29.4 mln in Q1 2020 – eight times higher than in the same period last year.

schedule 01 May 2020

Skanska stays on schedule

POLAND Construction work on Skanska’s Polish residential developments are still on schedule, despite the pandemic.

schedule 22 April 2020

6B47 to begin first dorm project in Warsaw

POLAND 6B47 Poland has acquired a 0.22 ha site on ul. Grochowska in Warsaw’s Praga Południe district from petrol station operator Circle K for the development of a 12,000 sqm comprising a student hall of residence, a commercial section an underground car park.

schedule 20 April 2020

Trei confidently pushes on with Bacciarellego 54

POLAND Trei Real Estate has completed the first, 62-apartment stage of its Bacciarellego 54 residential development in Wrocław’s Biskupin-Bartoszowice district.

schedule 03 April 2020

Echo makes its digital mark

POLAND Echo Investment has launched its new online viewing and booking system for residential sales.

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