PL

Barcelo comes to Poland

Hotels
POLAND Barceló is to open its first hotel in Poland in 2021.

The four-star hotel in Warsaw’s Powiśle district will have a useable area of 7,300 sqm, 150 rooms, conference space and a rooftop bar and is being developed as part of the Elektrownia Powiśle mixed-use project under development by White Star Real Estate. “The hotel’s attractive location in one of Warsaw’s most vibrant districts fits our development strategy of opening our hotels in unique locations around the world,” comments Jaime Buxó, the chief business development officer at the Barceló Hotel Group. “This chain’s hotels are popular and hold an excellent reputation all over the world,” claims Neil Veitch, the development & construction director for Europe at White Star Real Estate. The investor behind the Warsaw complex is Tristan Capital Partners.

The Barceló Hotel Group currently manages more than 250 four- and five-star hotels across 22 countries. The group operates under four brands: Royal Hideaway Luxury Hotels & Resorts, Barceló Hotels & Resorts, Occidental Hotels & Resorts and Allegro Hotels.

Latest news

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
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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
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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
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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
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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
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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
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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.

Investment & finance

ROMANIA Floreasca Park taken by the Chinese

schedule 07 August 2020
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Chinese investment company Fosun has bought the Floreasca Park office building in northern Bucharest from German investor GLL Real Estate, according to local media reports.

Investment & finance

ROMANIA AFI and NEPI finally seal portfolio deal

schedule 06 August 2020
Nathan North
deputy editor

AFI Europe has concluded its on-off deal for the acquisition of a portfolio of four office projects in Romania from Nepi Rockcastle.

Investment & finance

POLAND Kajima and Savills IM buy Łódź park

schedule 06 August 2020
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Kajima Properties Europe and Savills Investment Management have acquired Panattoni's interest in the 144,880 sqm Łódź City VI logistics park.

Investment & finance

POLAND CBRE GI buys near Bielsko-Biała again

schedule 06 August 2020
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CBRE Global Investors, on behalf of its Logistics Venture Fund (LoVe), has acquired building C of 7R Park Beskid I, a newly developed 15,000 sqm logistics warehouse in Czechowice-Dziedzice in the southwestern Bielsko-Biała region of Poland from 7R.

Warehouse & industrial

POLAND Masks from Mińsk

schedule 06 August 2020
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Surgical mask manufacturer TW Plast has leased 8,000 sqm in Panattoni Park Mińsk Mazowiecki.

Office & mixed-use development

POLAND Shared offices with added spice

schedule 06 August 2020
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Chillispaces.com, a new brand of serviced offices, is being launched in Poland.

Residential

CZECH REPUBLIC Penta given go-ahead for Nuselský Pivovar

schedule 06 August 2020
Nathan North
deputy editor

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

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.

Latest in Hotels

schedule 04 August 2020

Sofitel Wrocław Old Town falls victim to the pandemic

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

schedule 04 August 2020

First Estonian Citybox opens its doors

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.

schedule 31 July 2020

Globalworth pioneers hotel accommodation for office tenants

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

schedule 23 July 2020

Suntago holiday village opens its doors

The first guests have checked into Suntago Village, a complex of 92 holiday bungalows that forms part of the Park of Poland leisure complex near Mszczonów, about 50 km southwest of Warsaw.

schedule 22 July 2020

Holiday Inn Express to open in Budapest

InterContinental Hotels Group has signed a franchised agreement with Dutch company Borealis Hotel Group to open the Holiday Inn Express Budapest City Centre.

schedule 16 July 2020

Danubius ready to open more Budapest hotels

The Danubius Hotel Erzsébet in Budapest city centre is to re-open after the pandemic lockdown on July 17th, followed by the Danubius Hotel Gellért on August 7th.

schedule 03 July 2020

Ibis to open at Bucharest airport

Accor has signed a management agreement with Alexandra Residence Design to open 144-room Ibis hotel near the future Terminal 2 of Bucharest’s main Henri Coandă Airport by the end of 2022.

schedule 24 June 2020

Two Radissons open

Radisson Hotel Group has announced the opening of the Radisson Blu Hotel, Sopot and the Radisson Hotel Szklarska Poręba

schedule 22 June 2020

Romanian hotels could return to 50-60 pct occupancy

The Romanian hospitality market could return to an occupancy rate of 50–60 pct for recognised brands towards the end of the year, as long as the epidemic remains stabilised or improves, according to Colliers International.

schedule 17 June 2020

Ibis Styles Bucharest City Center ready to open

ROMANIA Ibis Styles Bucharest City Center in the centre of Bucharest is to open on June 22nd.

schedule 16 June 2020

AAU signs up Zeitraum for the new school year

Student housing operator Zeitraum has entered into a new partnership with the Anglo-American University in Prague (AAU) to provide accommodation with 120 beds for its students in the new academic year 2020/2021.

schedule 03 June 2020

Hilton Tallinn Park Hotel now 'Very Good'

ESTONIA East Capital Real Estate has announced that the Hilton Tallinn Park Hotel is the first hotel in the country to have been awarded BREEAM-In-Use with a rating of ‘Very Good’.

schedule 19 May 2020

Accor teams up with Axa for guest medical support

WORLD Hotel group Accor is partnering with Axa to provide medical support for guests of the hotel chain.

schedule 09 May 2020

Hungarian hospitality hit badly by pandemic

HUNGARY The number of nights spent by foreign guests in Hungarian hotels and other commercial board slumped by 68 pct y-o-y in March, chiefly due to the pandemic, according to the latest figures from the Hungarian Central Statistical Office (KSH).

schedule 26 March 2020

Orbis brings Tribe to Kraków

POLAND Polish hotel operator and developer Orbis is to buy a 595 sqm plot of land at ul. Worcella 6 in Kraków's old t willown for PLN 9.2 mln net.

schedule 23 March 2020

One million tourism jobs lost per day

WORLD One million jobs are being lost every day in the travel and tourism sector due to the sweeping effect of the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC).

schedule 20 March 2020

Unimpressive February for hotels

EUROPE The hotel occupancy in European hotels fell in February by 1.8 pct to 63.6 pct, according to STR. Revenue per available room (RevPAR) decreased by 0.6 pct to EUR 64.68.

schedule 12 March 2020

Spa in a mediaeval monastery

POLAND The Best Western Plus Hotel Podklasztorze has opened a wellness area after refurbishment work.

schedule 12 March 2020

Hotel in former Bydgoszcz office building takes shape

POLAND The redevelopment of the former Projprzem Makrum office building in Bydgoszcz into a three-star Focus Hotel has entered an advanced stage.

schedule 09 March 2020

Orpea to dominate care home market?

POLAND Orpea is about to complete the development of the Rezydencja Antonina elderly care centre in Piaseczno near Warsaw, while in Poznań it is beginning work on its largest Polish project. The French care home specialist, which now has app. 1,100 beds in nursing homes and rehabilitation clinics in Poland, plans to build eight new centres.

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