PL

Tulipan rises again

Residential
POLAND Ronson in a joint venture with Konsili has appointed Danya Cebus Poland as the new general contractor for the its first residential estate in Warsaw's Wilanów district – the Tulip Wilanów complex on ul. Syta.

The development within the district’s Zawady region, will include around 150 apartments with a total saleable area of 9,600 sqm. Both Ronson and Konsili hold equal stakes in the Coralchief Project 1, which is to develop the project. The contract signed with Danya Cebus is worth around PLN 37 mln. The apartments will range in size between 31 sqm to 99 sqm and will have from one to four rooms (although most will have three). In the pre-sales prices started from PLN 8,100 per sqm but now no price is quoted. The original general contractor was a joint venture of Klimadag and Arcus Management & Consulting, but the investor terminated the contract after paying PLN 5.9 mln net the work already completed. The apartments buildings are now to be completed by the end of January 2021.

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 Residential

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

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 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 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

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 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 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

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 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 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

Four seasons – the prelude

BELARUS Tenkinvest has started construction of the 4 Sezona [Four Seasons] residential estate in Minsk. As the Belarusian currency is vulnerable to rapid devaluation, the developer has frozen the apartment prices in rubles.

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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