PL

ExxonMobil takes the Pillar

Office & mixed-use development
HUNGARY ExxonMobil has leased the entire 29,000 sqm Pillar office building, which is being developed by GTC in Budapest’s Váci Office Corridor, with completion scheduled for Q1 2022.

According to the developer this is the largest ever prelease for an office building under construction Hungary. “Pillar will not only be an office building developed using the latest technology but a place where people working for ExxonMobil will enjoy spending time at the office, in the common areas, the garden, the restaurant, the coffee shop or the gym. I am so happy to be part of this amazing project with ExxonMobil,” says Bori Gedai the deputy country manager of GTC Hungary.

Latest news

Investment & finance

CEE REGION Atrium to speed up repositioning

schedule 05 August 2020
Opr./edited by NN

Atrium European Real Estate has managed to maintain a stable occupancy for its shopping centre portfolio in the region of 95.4 pct (down by only 1.6 pp) through its “focus on pro-active management” during the pandemic, according to an announcement of the company’s H1 figures

Office & mixed-use development

POLAND TriCity for the tenants

schedule 05 August 2020
Opr./edited by NN

The TriCity office market is likely to become a tenant’s market soon due to the changing market environment, according to ‘Occupier Economics: the Office Market in the TriCity in H1 2020’ report by real estate advisory firm Cresa Poland.

Investment & finance

ROMANIA EUR 80 mln loan for Hermes

schedule 05 August 2020
Opr./edited by NN

Atenor has received an EUR 80 mln financing loan from Pbb and Erste Bank for its Hermes Business Campus in northern Bucharest.

Warehouse & industrial

BULGARIA Bulgaria ideal for near-shoring - Colliers

schedule 05 August 2020
Opr./edited by NN

Sofia’s modern industrial and logistics stock grew by 3 pct in the first six months of 2020, reaching almost 1.097 sqm at the end of June, according to Colliers International.

Warehouse & industrial

ROMANIA Four new faces for Eli Park 1

schedule 05 August 2020
Opr./edited by NN

Four new tenants have been secured for the recently completed second phase of Eli Park 1 on Bucharest’s north-western outskirts.

Hotels

POLAND Sofitel Wrocław Old Town falls victim to the pandemic

schedule 04 August 2020
Opr./edited by AKL

Polish hotel operator Orbis has decided not to re-open the Sofitel Wrocław Old Town after its closure due to the pandemic.

Office & mixed-use development

POLAND Sollers strolls into Officyna

schedule 04 August 2020
Nathan North
deputy editor

Sollers Consulting has opened its fourth Polish office – in the Officyna complex in Gdańsk.

Warehouse & industrial

HUNGARY NIPÜF to build hall for Raben in Inpark Pécs

schedule 04 August 2020
Opr./edited by NN

NIPÜF has announced the development of an 11,000 sqm warehouse in its Inpark Pécs industrial park in southwest Hungary.

Hotels

ESTONIA First Estonian Citybox opens its doors

schedule 04 August 2020
Opr./edited by NN

The first Citybox hotel in Estonia and outside Norway was opened on August 1st in the Porto Franco quarter of Tallinn’s passenger port area.

Investment & finance

HUNGARY CPI to issue Hungarian green bonds

schedule 04 August 2020
Nathan North
deputy editor

Czech real estate company CPI Property Group has announced its intention to issue green bonds in Hungary.

Residential

POLAND Second sales for KRK underway

schedule 04 August 2020
Nathan North
deputy editor

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.

Investment & finance

POLAND Metropol buys portfolio of five Atrium centres

schedule 03 August 2020
Nathan North
deputy editor

Metropol Group has acquired a portfolio of five Polish convenience shopping centres from Atrium European Real Estate for an undisclosed sum.

Warehouse & industrial

POLAND MLP Gliwice completed

schedule 03 August 2020
Nathan North
deputy editor

MLP Group has just completed the construction of the MLP Gliwice logistics park in Upper Silesia.

Retail & leisure

EUROPE Safer shopping in all Via Outlets centres

schedule 03 August 2020
Opr./edited by NN

Via Outlets has bestowed its newly-devised ‘Safer Shopping’ certified on all eleven outlet centres in its network.

Retail & leisure

POLAND Auchan signs 12-year extension for 83,000 sqm gla with Chariot

schedule 03 August 2020
Nathan North
deputy editor

Auchan Poland has signed a twelve-year extension to its lease of six retail properties in the country totalling 83,000 sqm gla.

Warehouse & industrial

POLAND Media Expert takes up another 12,000 sqm in Łodź from Panattoni

schedule 03 August 2020
Nathan North
deputy editor

Terg, the owner of the Media Expert consumer electronics chain, has leased 12,000 sqm at Panattoni Business Center Łódź III.

Green projects

CEE REGION CTP moves closer to BREEAM for entire portfolio

schedule 03 August 2020
Opr./edited by NN

CTP has achieved BREEAM In-Use certification for more than 80 pct of its industrial portfolio.

Office & mixed-use development

POLAND Better H1 for regional office markets - JLL

schedule 03 August 2020
Opr./edited by NN

The office markets in Poland’s major regional cities enjoyed a better H1 than a year earlier, despite the pandemic and the expected slowdown, according to JLL.

Office & mixed-use development

CEE REGION Globalworth shows resilience to pandemic

schedule 03 August 2020
Opr./edited by NN

Globalworth leased 115,500 sqm of commercial space in H1 (taken-up or extended) at a weight average leasing term of 3.2 years. Renewals accounted for 74 pct the leasing activity.

Hotels

ROMANIA Globalworth pioneers hotel accommodation for office tenants

schedule 31 July 2020
Nathan North
deputy editor

Globalworth has been preparing a hi-tech hotel complex for its office tenants in the Upground Tower residential building in Bucharest.

Latest in Office & mixed-use development

schedule 05 August 2020

TriCity for the tenants

The TriCity office market is likely to become a tenant’s market soon due to the changing market environment, according to ‘Occupier Economics: the Office Market in the TriCity in H1 2020’ report by real estate advisory firm Cresa Poland.

schedule 04 August 2020

Sollers strolls into Officyna

Sollers Consulting has opened its fourth Polish office – in the Officyna complex in Gdańsk.

schedule 03 August 2020

Globalworth shows resilience to pandemic

Globalworth leased 115,500 sqm of commercial space in H1 (taken-up or extended) at a weight average leasing term of 3.2 years. Renewals accounted for 74 pct the leasing activity.

schedule 03 August 2020

Better H1 for regional office markets - JLL

The office markets in Poland’s major regional cities enjoyed a better H1 than a year earlier, despite the pandemic and the expected slowdown, according to JLL.

schedule 31 July 2020

American firm conducted to The Light

Phoenix-based integrated circuit manufacturer ON Semiconductor has leased 3,200 sqm of office space in The Light One in the Politehnica district of central Bucharest.

schedule 30 July 2020

Skanska starts work at Wilanowska

Skanska is starting the construction work on its P180 office development in Warsaw’s Mokotów district.

schedule 30 July 2020

Developers still confident about Kraków offices - Cresa

The leasing transaction volume reached almost 52,600 sqm on the Kraków office market in Q2 2020, according to Cresa Poland.

schedule 30 July 2020

Warsaw office market back – to embracing the new normal

According to JLL’s latest summary, the Warsaw office market is now returning to the “new normal” as employees gradually return to their workplaces. Covid-19 has had a transformative effect, but rather in terms of accelerating existing trends, such as desk-sharing and greater use of technology.

schedule 29 July 2020

CitySpace expanding in four cities

Flexible office operator CitySpace has been expanding its network of office centres in four Polish cities.

schedule 28 July 2020

Bayer goes to BudaPart City

Multinational pharmaceutical company Bayer Hungária has signed a lease agreement for 3,200 sqm – an entire floor – of the BudaPart City office building in Budapest XI.

schedule 28 July 2020

Skanska moves to Tischnera

Skanska SA has leased 500 sqm for its Kraków branch in Tischnera Office, a building developed by Cavatina Holding.

schedule 27 July 2020

Quickwork for Deloitte

Deloitte has leased 40 Quickwork workplaces in the Carbon Tower building in Wrocław.

schedule 27 July 2020

ACN opts for Carbon Tower

American telecom services and multi-level marketing company ACN has leased the entire 10th floor (1,500 sqm) of Carbon Tower in Wrocław.

schedule 27 July 2020

AmRest to move Polish HQ to Centrum Południe

AmRest, the operator of the KFC, Pizza Hut, Burger King and Starbucks franchises in Poland, is moving its head office in the country to Centrum Południe in Wrocław.

schedule 27 July 2020

Office demand in the regions still holding up - Colliers

At the end of Q2 2020 the total modern office stock in Poland’s eight largest regional cities amounted to 5.6 mln sqm, according to figures published by Colliers International.

schedule 24 July 2020

Echo loaned EUR 54 mln for Midpoint71

Echo Investment has received a EUR 54.4 mln loan for the construction of the MidPoint71 office building in Wrocław.

schedule 24 July 2020

Foresters embrace Airtech

The Centre for the Coordination of Environmental Projects (CKPŚ) has moved into its new 850 sqm headquarters at the Airtech Business Park office complex in Warsaw.

schedule 23 July 2020

Warsaw Hub calling occupants

The Warsaw Hub skyscraper complex has been issued with an occupancy permit. The first tenants will be able to move in in August, when the time the convenience centre and the link to the metro station will also be opened.

schedule 23 July 2020

Nightmare scenario avoided for Warsaw offices

The worst-case scenarios from the impact of the Covid-19 pandemic on the Warsaw office market have not materialised, according to the H1 data, states a report published by real estate advisory firm Cresa Poland.

schedule 22 July 2020

Diverse and fully leased at Generation Park Z

IT services provider Diverse CG has leased more than 3,000 sqm of office space in building Z of Generation Park in Warsaw. The company is planning to move into its new offices in Q4 2020. With this latest signing, Generation Park Z is now 100 pct leased.

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