PL

CZECH REPUBLIC Savills chosen for AM of DRN

Property and Facility Management
KGAL Investment Management Group has appointed Savills to be the asset manager for the DRN building in Prague 1.

DRN was completed in 2017 according to a design by Stanislav Fiala. KGAL acquired the building on Národní, which contains 9,800 sqm of offices and 1,750 sqm of retail space, in August 2019. The company expects to receive BREEAM ‘Very Good’ certification for the property. It is now almost fully leased and will house the first WeWork centre in the Czech Republic.

The DRN complex is a unique gem of commercial real estate. It combines first-class workspace with superb architecture that blends the traditional with the modern.
André Zücker, the managing director for Real Estate at KGAL Investment Management

As well as asset management services, Savills will also be responsible for the property’s budgeting, investment planning, reporting, property accounting, marketing, tenant engagement and sustainability.

There are a handful of modern iconic commercial buildings in Prague in terms of design and use, and DRN is definitely on that list. It is fantastic to have been appointed to provide active asset management services at DRN and to support our client, KGAL, to develop the strategy for the asset, create a framework for decision making and unlock its value and further potential.
Michaela Semanová, the director of property management at Savills CZ&SK

Latest news

Eurobuild Awards

POLAND Calling all entries!

schedule 30 September 2020
Eurobuild Conferences

Have you been anxiously waiting for this? Because we have! The nomination process for the 11th Eurobuild Awards is now underway! As usual, the winners will be announced at the Eurobuild Gala in December!

Events

Poland Looking back and forward together

schedule 29 September 2020

Have you been missing all your friends in the sector? Or maybe you’ve actually become fond of meeting them in the virtual world? Either way, you can do both by taking part in the 26th Annual Commercial Property Market Convention in Poland on November 25th!

Warehouse & industrial

POLAND Two big leases at P3 Poznań

schedule 20 October 2020
Opr./edited by NN

P3 Logistic parks has started the development of the second phase of P3 Poznań. The first two buildings will offer more than 23,000 sqm of total leasable space.

Warehouse & industrial

CENTRAL EUROPE MLP starts work on Berlin warehouse park

schedule 20 October 2020
Nathan North
deputy editor

Polish warehouse developer MLP Group has started the construction of MLP Business Park Berlin I in Ludwigsfelde on the city’s southern outskirts.

Warehouse & industrial

Poland Panattoni buys Janki site

schedule 19 October 2020
Opr./edited by AH

Panattoni has bought 3.14 ha of land in Janki, on Warsaw’s southwestern outskirts.

Warehouse & industrial

EUROPE Warehouse demand from manufacturing doubles in eight years

schedule 16 October 2020
Opr./edited by NN

Europe is to see an additional 11.6 mln sqm of warehouse demand due to the manufacturing sector by the end of 2022, according to Savills, based on Capital Economics’ forecasts.

Retail & leisure

POLAND Poles embracing convenience

schedule 16 October 2020
Opr./edited by NN

The volume of internet sales in Poland has now almost returned to pre-pandemic levels, while at the same time Polish consumers have become more willing to shop in convenience centres in smaller retail formats, according to JLL.

Office & mixed-use development

POLAND Tenants happy in Prosta Office Centre

schedule 16 October 2020
Opr./edited by NN

Renegotiations have been successfully signed with a number of tenants covering a combined 2,013 sqm of office and retail space in Prosta Office Centre in Warsaw.

Eurobuild Awards

POLAND Stellar space

schedule 16 October 2020
Eurobuild Conferences

Have you developed a commercial building in the last twelve months? Then allow it to be judged by top market experts in the competition for Building of the Year in one of six categories for four real estate sectors!

Office & mixed-use development

Hungary Demand down 59 pct for Budapest offices

schedule 16 October 2020

According to the Budapest Research Forum, in the third quarter of 2020, 59,785 sqm of new office space was delivered to the Budapest office market in four projects.

Retail & leisure

Poland Convenience centres continue to grow

schedule 16 October 2020
Opr./edited by AH

The retail park segment in Poland has continued to grow despite the Covid-19 pandemic, according to the latest findings published jointly by JLL and Trei.

Investment & finance

WORLD PineBridge poised to take over Benson Elliot

schedule 16 October 2020
Nathan North
deputy editor

Global asset manager PineBridge Investments is about to acquire UK-based private equity real estate fund Benson Elliot Capital Management.

Office & mixed-use development

Poland BNI moves to WTT

schedule 15 October 2020
Opr./edited by AH

BNI Polska is moving out of Spektrum Tower to the Warsaw Trade Tower where it has leased almost 1,000 sqm.

Residential

Poland Yareal looks on the positives

schedule 15 October 2020
Opr./edited by AH

Yareal is starting construction of the second stage of its Pozytywny Mokotów development in Warsaw.

Office & mixed-use development

ROMANIA MassMutual leases 1,300 sqm in Orhideea Towers

schedule 15 October 2020
Opr./edited by NN

American insurance company MassMutual has leased 1,300 sqm for its global business centre in Orhideea Towers in Bucharest.

Office & mixed-use development

EMEA REGION EMEA flexes its office muscles

schedule 15 October 2020
Opr./edited by NN

EMEA markets with low levels of existing flexible workspace saw the greatest growth in flex office operations over H1 2020, according to research by Colliers International.

Investment & finance

SLOVAKIA EUR 105 mln loan for Eurovea extension

schedule 15 October 2020
Nathan North
deputy editor

J&T Real Estate has obtained a EUR 105 mln syndicated loan from VÚB banka and UniCredit Bank for the construction of the residential section of the extension to its large-scale Eurovea mixed-use development in Bratislava.

Office & mixed-use development

HUNGARY BT bets on Budapest One

schedule 15 October 2020
Nathan North
deputy editor

British Telecom is to move its regional business services centre to the Budapest One office park, which is being developed by Futureal.

Warehouse & industrial

POLAND Savills comes to Katowice

schedule 14 October 2020
Opr./edited by NN

Commercial real estate advisory Savills has opened an office in Katowice. Its new regional office will serve clients looking for modern office and industrial space in Silesia and also be used for providing services to landlords.

Warehouse & industrial

POLAND Panattoni to build hi-tech plant for Danfoss in Grodzisk

schedule 14 October 2020
Opr./edited by NN

Panattoni has started construction work on a factory for the Polish subsidiary of Danfoss in Grodzisk Mazowiecki, about 40 km west of Warsaw. The 12,950 sqm building will be equipped with several environmentally friendly systems to make it highly energy-efficient and also provide improved conditions for the workforce of around 400 people.

Latest in Property and Facility Management

schedule 05 October 2020

Two management mandates for Colliers

Colliers International has recently announced that it has taken over the management of two buildings.

schedule 21 September 2020

CPI managing Concept by itself

CPI Property Group has taken over the management of Concept Tower in central Warsaw, following its recent acquisition of the property.

schedule 14 September 2020

C&W to manage Hamburk BC in Plzeň

Cushman & Wakefield has been appointed property manager of the Hamburk Business Centre in Plzeň following its recent change of ownership.

schedule 03 September 2020

Knight Frank takes on TFI PZU portfolio

Towarzystwo Funduszy Inwestycyjnych PZU, one of the largest investment funds in Poland, has chosen Knight Frank to manage its office assets.

schedule 25 August 2020

Newsec managed malls certified Safe

Newsec has become the first property asset management company in the Baltic region to gain the Safe Shopping Centers international certificate for three of the Lithuanian malls it manages, confirming that they comply with Covid-19 safety requirements.

schedule 19 August 2020

Carbon commission for Knight Frank

Cavatina Holding has appointed Knight Frank to be the manager of the Carbon Tower office building in Wrocław.

schedule 13 August 2020

Sofia office tenants turn their eyes to the provinces

In the first half of 2020, the supply of modern class A, B and C office space in Sofia increased by 1 pct, reaching 2,315,600 sqm, according to a market survey by Colliers International.

schedule 11 August 2020

Savills for Cimex again

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

schedule 23 July 2020

Savills chosen for AM of DRN

KGAL Investment Management Group has appointed Savills to be the asset manager for the DRN building in Prague 1.

schedule 08 July 2020

Globalworth adds Rondo Business Park to PM list

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

schedule 29 June 2020

MVGM chosen for City One

MVGM has taken over the management of City One, the first stage of the City Forum office complex in Wrocław.

schedule 15 June 2020

Giant commission for Savills in Poznań

Savills has been appointed exclusive office and retail space leasing agent for the newly-completed Giant Office development in Poznań.

schedule 08 June 2020

Arcona insists on Cream

POLAND Munich-based fund manager Arcona Capital has appointed Cream Property Advisors to be the property manager and exclusive leasing agent of its portfolio of ten convenience centres in nine Polish towns and cities.

schedule 02 June 2020

CPI close to managing whole Warsaw portfolio

POLAND CPI Property Group is about to complete the process of taking over the management of the Central Tower and Prosta 69 buildings in Warsaw.

schedule 01 June 2020

Globalworth adds five to PM portfolio

POLAND Globalworth is introducing its latest management model to five Polish office buildings with a combined area of ​​more than 50,000 sqm.

schedule 28 May 2020

Hagag embraces Global Vision

ROMANIA Global Vision has been commissioned by Hagag Development Europe for the property management of the H Victoriei 109 building in Bucharest.

schedule 27 May 2020

C&W both PM and FM of Nowogrodzka Square

POLAND Cushman & Wakefield has been awarded a double mandate for the property and asset management of the Nowogrodzka Square building in Warsaw.

schedule 26 May 2020

Savills takes on Posejdon

POLAND Savills has been appointed to manage Posejdon, a PLN 350 mln office, conference and hotel complex currently under development in Szczecin.

schedule 20 May 2020

Colliers gets Villa Offices into action

POLAND Colliers International has taken over the management of Villa Offices (Biura przy Willi), which forms part of Echo Investment’s large-scale Browary Warszawskie development in Warsaw.

schedule 19 May 2020

MVGM to manage Forum 76

POLAND MVGM has taken over the property management of the Forum 76 office building in Łódź.

Categories