PL

Ibis to open Genius

Hotels
HUNGARY The Ibis Styles Budapest Genius hotel is to be opened in autumn 2020.

The project, which is being developed jointly with Infogroup and Peter Lovas, is to be constructed at the junction of Prielle Kornélia and Szerémi. The three-star hotel will comprise 122 rooms, a restaurant, conference area and car park. The centre is to be managed by Accor Pannonia Hotels. “We believe that Ibis Styles Budapest Genius will be an extraordinary contribution to the revitalisation of the area. It will be an attractive hotel for business and leisure travellers,” says Ádám Székely, the managing director of Infogroup. “We are convinced that this project is just the beginning of a broader partnership between our two companies,” adds Frank Reul, the development director at Orbis/Accor in Eastern Europe.

Latest news

Office & mixed-use development

POLAND Wave approval waved through

schedule 09 July 2020
Opr./edited by NN

The Wave office building, which has just been completed by Skanska in Gdańsk’s Oliwa district, has been approved for use.

Warehouse & industrial

CEE REGION CEE-6 manufacturing powers into contention

schedule 09 July 2020
Opr./edited by NN

The CEE-6’s share of EU manufacturing output has more than doubled since 2004, when the first group of these countries joined the European Union, according to research by Colliers International.

Office & mixed-use development

POLAND Warsaw office pipeline half pre-leased

schedule 09 July 2020
Opr./edited by NN

Around 50 pct of the 704,000 sqm of office space currently under construction in Warsaw has been pre-leased, according to real estate advisory Cresa.

Office & mixed-use development

CEE REGION Office occupiers set to embrace hybrid models

schedule 09 July 2020
Opr./edited by NN

The total modern office stock in the 14 CEE capital cities at the end of Q1 2020 amounted to almost 26.4 mln sqm, according to Colliers International’s ExCEEding Borders Office Snapshot survey of the region’s main office markets.

Office & mixed-use development

ROMANIA Lockdown leases of 25,000 sqm for Globalworth

schedule 09 July 2020
Opr./edited by NN

Globalworth has signed contracts for more than 25,000 sqm of office space in Bucharest in the last three months, despite the pandemic and social distancing measures.

Retail & leisure

POLAND Mall footfall bounces back

schedule 09 July 2020
Nathan North
deputy editor

The Polish Council of Shopping Centres (PRCH) has published its latest average weekly footfall figures for centres across Poland.

Retail & leisure

SERBIA Pepco launches into Serbia

schedule 08 July 2020
Nathan North
deputy editor

Polish discount store chain Pepco is entering the Serbian market, where it plans to open in 30 locations in its first year of operations.

Construction

EUROPE Construction mood starts to recover – GlobalData

schedule 08 July 2020
Opr./edited by NN

The European construction industry expected to recover in second half of 2020, according to data and analytics specialists GlobalData.

Property and Facility Management

POLAND Globalworth adds Rondo Business Park to PM list

schedule 08 July 2020
Nathan North
deputy editor

Rondo Business Park in Kraków is to be managed by Globalworth’s in-house team from July.

Events

Poland Changing with the times

schedule 08 July 2020
Eurobuild CEE

Summer at Eurobuild has never been so hot! We have a new editor, a new website, and soon we’ll be moving to our new headquarters. And, with the announcement of their rescheduled dates, a lot of heat and excitement are being generated for our sports tournaments!

Investment & finance

EUROPE Industrial yields fall below retail for first time

schedule 08 July 2020
Opr./edited by NN

Average prime industrial and prime shopping centre yields across mainland Europe have converged for the first time in recorded history, as demand for logistics soars due to the e-commerce boom, according to research by Savills.

Events

POLAND Blue skies return for golf

schedule 08 July 2020

Great news for those who were disappointed by the cancellation of Eurobuild’s annual golf tournament – it’s now back on! And it will be taking place very soon, on September 11th in Rajszew just outside Warsaw.

Warehouse & industrial

Czech Republic Czech most attractive European manufacturing hub – C&W

schedule 08 July 2020
Opr./edited by NN

The Czech Republic is the most attractive European manufacturing hub and the fourth most attractive globally, according to Cushman & Wakefield’s annual Global Manufacturing Risk Index.

Office & mixed-use development

CZECH REPUBLIC Building B more beautiful for BB Centrum

schedule 08 July 2020
Opr./edited by NN

The recently renovated building B of BB Centrum in Prague 4 has been approved for use.

Events

POLAND Tennis is back in the game!

schedule 08 July 2020

Great news for tennis fans. Eurobuild’s 15th Annual Tennis Tournament, which unfortunately had to be postponed because of the pandemic, will now take place on September 11th at the Warszawianka Tennis Club.

Investment & finance

ROMANIA NEPI Rockcastle portfolio sale hits the rocks

schedule 07 July 2020
Nathan North
deputy editor

AFI Europe’s EUR 300 mln deal to buy NEPI Rockcastle’s Romanian office portfolio has fallen through with the seller insisting that Covid-19 restrictions have prevented the purchase – a claim denied by NEPI Rockcastle, which is now demanding EUR 15 mln compensation from the Israeli-owned company.

Warehouse & industrial

POLAND Dot2Dot packed into 7R Park Gdańsk II

schedule 07 July 2020
Opr./edited by NN

Cardboard packaging company Dot2Dot is to move into the 7R Park Gdańsk II complex, where it will have a production line, warehousing and its head office.

Green projects

LATVIA EIB agrees eco-funds for Verde

schedule 06 July 2020
Nathan North
deputy editor

The European Investment Bank (EIB) has approved a grant for the Verde business centre complex in Riga, developed by SBA Group company Capitalica Asset Management.

Investment & finance

ESTONIA East Capital fund buys SEB HQ for EUR 45.75 mln

schedule 06 July 2020
Nathan North
deputy editor

East Capital Real Estate IV has acquired SEB's head office in central Tallinn from Partners Group and Northern Horizon for EUR 45.75 mln.

Residential

POLAND/HUNGARY Cordia cashes in EUR 38 mln from Polnord takeover

schedule 03 July 2020
Opr./edited by NN

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.

Latest in Hotels

schedule 03 July 2020

Ibis to open at Bucharest airport

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schedule 24 June 2020

Two Radissons open

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schedule 22 June 2020

Romanian hotels could return to 50-60 pct occupancy

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schedule 17 June 2020

Ibis Styles Bucharest City Center ready to open

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schedule 16 June 2020

AAU signs up Zeitraum for the new school year

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schedule 03 June 2020

Hilton Tallinn Park Hotel now 'Very Good'

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schedule 19 May 2020

Accor teams up with Axa for guest medical support

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schedule 09 May 2020

Hungarian hospitality hit badly by pandemic

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schedule 26 March 2020

Orbis brings Tribe to Kraków

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schedule 23 March 2020

One million tourism jobs lost per day

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schedule 20 March 2020

Unimpressive February for hotels

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schedule 12 March 2020

Hotel in former Bydgoszcz office building takes shape

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schedule 12 March 2020

Spa in a mediaeval monastery

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schedule 09 March 2020

Orpea to dominate care home market?

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schedule 04 March 2020

Once upon a time in Warsaw

POLAND The five-star Nobu Hotel Warsaw is to open on June 2nd – its first hotel in Central and Eastern Europe.

schedule 03 March 2020

A&O opens first Warsaw hostel

POLAND The first A&O hostel opened in Warsaw on February 8th with 200 rooms and 600 beds.

schedule 03 March 2020

First Vienna House R.evo to open in Katowice

POLAND The very first Vienna House R.evo hotel is to open in Katowice in March 2021.

schedule 02 March 2020

Unibep to build modular hotel

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schedule 02 March 2020

Crowne Plaza comes Kołobrzeg

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schedule 28 February 2020

Dream Island opens in Moscow

RUSSIA On Februrary 29th the 100 ha Dream Island theme park developed by Regions Developments is to open in central Moscow.

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