PL

POLAND Echo reveals plans to transform Kabaty

Residential
Echo Investment has unveiled its ‘city-forming’ concept for a multifunctional complex to replace the Tesco shopping centre in Warsaw’s Kabaty district.

The project is situated on the site of the existing Tesco hypermarket and shopping gallery in an area bounded by al. KEN, ul. Wąwozowa and ul. Sępa Sarzyńskiego, close to both the Kabaty metro station and the Las Kabackie forest.

A public park is to be created on the escarpment that gently rises east-to-west across the site, on the east side of which (nearer to ul. Zaruby) pillar-mounted residential buildings are to be constructed. This ‘garden on the slope’ (Ogród na Skarpa) will provide more space for greenery and some cover for the buildings. The garden will connect with an existing square on ul. Sępa Sarzyńskiego. On the opposite corner of the site, near the metro station and the junction of al. KEN and ul. Wąwozowa, the proposal of the designers is to build a public plaza – pl. Kabacki, with open-air cafés, restaurants, greenery and fountains. At the heart of the development there will also be a restaurant complex called 'Oranżeria' (The Orangery).

The project in Kabaty fits into our philosophy of creating places that are attractive to people, what have become known as ‘destinations’ – city-forming, multifunctional quarters. It draws on both the characteristics of the location and its context. Kabaty is family-friendly, friendly and green, so we have included all these features in our concept. We want it to be a local meeting centre, a friendly city space, for local and new residents of Kabaty district.
Marcin Materny, a member of the management board of Echo Investment

The existing first generation shopping centre on the site was opened by Hit in 1999, before the Polish supermarket chain was taken over by Tesco in 2002. Tesco had been planning a multifunctional development of its own to replace the aging centre, but subsequently opted to scale down its Polish operations before the plans could progress any further and has since decided to pull out of the market altogether. Echo Investment bought the entire property from Tesco in Q3 2019.

Latest news

Warehouse & industrial

Czech Republic New logistics hub near Prague

schedule 22 November 2024
Opr./edited by JC

7R and EQT Exeter will jointly develop a modern logistics park near Prague. The 56,000 sqm investment will consist of two buildings located along the D8 highway, which serves the Greater Prague area.

Retail & leisure

Poland One in seven square metres of retail space to be built in Poland

schedule 21 November 2024
Opr./edited by ANZ

According to Trends Radar. Real Estate: From Stabilisation To Optimism, the latest report from Cushman & Wakefield, in 2024, Poland came second in Europe in terms of new retail supply, surpassed only by France. 

Office & mixed-use development

Poland MCP moves into Korona Office Complex

schedule 21 November 2024
Opr./edited by ANZ

The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occupy an area of over 3,000 sqm.

Retail & leisure

Poland Polish retail market performs well

schedule 21 November 2024
Opr./edited by ANZ

According to BNP Paribas Real Estate Poland latest report “At a Glance: Modern Retail Market in Poland, Q3 2024”, predictions of the imminent decline of shopping centres in Poland have proven premature. In Q3 2024, the Polish retail market expanded by another 116,000 sqm. 

Hotels

Serbia Luxury stay in Belgrade

schedule 20 November 2024
Opr./edited by ANZ

The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade Tower (Kula Beograd), built at the meeting point of the Sava and Danube rivers.

Warehouse & industrial

Czech Republic Renegotiations account for nearly 40 pct of industrial leases

schedule 20 November 2024
Opr./edited by ANZ

According to Savills' analysis of the industrial real estate market in the Czech Republic, lease renegotiations, or the extension of older lease agreements in existing premises, have become a significant part of the warehouse and manufacturing real estate market. 

Investment & finance

Poland A EUR 75 mln loan for Panattoni Park Sulechów III

schedule 20 November 2024
Opr./edited by ANZ

Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.

Infrastructure

Poland Grand station in little Brzeziny

schedule 19 November 2024
Opr./edited by ANZ

The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzeziny, a district town hitherto deprived of any access to rail transport.

Warehouse & industrial

Poland Lynka is staying with Panattoni

schedule 19 November 2024
Opr./edited by JC

Lynka, a European supplier of branded apparel, has extended its lease of 9,000 sqm of warehouse, manufacturing, office and social space in Panattoni Park Kraków IV.

Investment & finance

Czech Republic Czech fund makes a big purchase

schedule 18 November 2024
Opr./edited by JC

Fond Českého Bydlení (the Czech Housing Fund) has successfully completed the acquisition of two apartment buildings located in Beroun and Chomutov. This transaction adds 313 fully rented apartments to the company's portfolio.

Eurobuild CEE

Poland Time for change

schedule 15 November 2024
Eurobuild CEE

As the media market in Poland evolves, we also need (and want to!) adapt to these changes and move with the times. Soon, access to our archive will be subject to a small payment.

Hotels

Hungary Puro has financing for an investment in Budapest

schedule 15 November 2024
Opr./edited by ANZ

Bank Gospodarstwa Krajowego has granted a loan of up to EUR 40 mln to the Hungarian company from the Puro Group. The financing will be used for the construction of a four-star premium hotel in the centre of Budapest. 

Public buildings

Poland University's new investment in Warsaw

schedule 15 November 2024
Opr./edited by ANZ

The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculties of Journalism, Information and Bibliology and Economic Sciences, as well as the Academic Campus Radio. Construction work will begin at the end of November. 

Investment & finance

Poland Full occupancy across the ELF 2

schedule 14 November 2024
Opr./edited by JC

Savills IM has let the last vacant rental space of the European Logistics Fund 2 (ELF 2) in a logistics property in Konotopa, Poland, on a long-term lease.

Investment & finance

Poland First loan of its kind

schedule 14 November 2024
Opr./edited by JC

Panattoni has been awarded a pioneering green loan from Berlin Hyp worth EUR 74.34 mln. The financing is for a logistics center in Bydgoszcz developed for an e-commerce firm.

Residential

Czech Republic YIT is going to Brno

schedule 13 November 2024
Opr./edited by JC

YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a joint venture with the Czech investor group RSJ Investments.

Investment & finance

Poland Vantage has EUR 100 mln to invest in Poland

schedule 13 November 2024
Opr./edited by ANZ

Vantage Development's Polish subsidiaries have secured a EUR 100 mln loan from the European Bank for Reconstruction and Development. The TAG Immobilien-owned developer and operator will use the funds raised to expand its PRS investments in Poland.

Hotels

Bulgaria The first Mercure in Bulgaria

schedule 13 November 2024
Opr./edited by ANZ

Mercure, a brand of the Accor Group, announces the opening of its first hotel in Bulgaria. The new property is located in one of Sofia's most prestigious districts, Manastirski Livadi, with easy access to the National History Museum and Vitosha National Park.

Warehouse & industrial

Poland All occupied at Hillwood in Łódź

schedule 13 November 2024
Opr./edited by ANZ

The two Łódź logistics centres - Hillwood Łódź Chocianowice and Hillwood Łódź Górna - have been fully leased. The latest agreement has been concluded at the second facility, with a client from the electronics industry.

Warehouse & industrial

Poland Orlen chooses P3 Piotrków park

schedule 13 November 2024
Opr./edited by ANZ

P3 Logistic Parks and Orlen have signed a lease agreement for nearly 24,000 sqm of space in the P3 Piotrków park. The facility will serve as a warehouse for supplying the corporation's fuel stations.

Latest in Residential

schedule 13 November 2024

YIT is going to Brno

YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a joint venture with the Czech investor group RSJ Investments.

schedule 18 October 2024

New Archicom housing estate in Warsaw's Służewiec district

Archicom is planning a new housing estate in Warsaw. The developer wants to implement its latest project, designed by the WWAA studio, at the intersection of ul. Postępu and ul. Bokserska.

schedule 08 October 2024

Profbud teams up with Lewandowski

Profbud will develop the City of Polish Olympic Champions. Robert Lewandowski is a shareholder, as well as a content partner of the investment, which will be built on the outskirts of Warsaw, in the Lesznowola municipality.

schedule 07 October 2024

Develia expands into student housing

Develia has signed a letter of intent with Innova Capital and Solida Capital to develop student housing through an investment fund.

schedule 02 October 2024

Metropolis life in Bratislava

Czech property group Mint is finalising the construction of its premium Metropolis residential project in Bratislava, which will comprise 298 luxury apartments.

schedule 01 October 2024

White Stone Development and Nrep join forces

White Stone Development, a Polish developer active in the residential and commercial market, has announced the signing of key agreements for a new project. A PRS development, commissioned by Nrep, which is investing through the NSF V fund, will be built in Warsaw's Bielany district.

schedule 18 September 2024

Rentals in Prague are on the rise

According to Savills Rental Housing report, the share of residential transactions within total investment volumes in Prague has been increasing since 2023. Rental housing is expected to exceed last year's volume, making 2024 one of the most successful years for this sector.

schedule 11 September 2024

AFI Home conquers Wrocław

The AFI Home platform is making its debut in a third Polish city. The development on ul. Długa in Wrocław offers 232 furnished flats.

schedule 06 September 2024

Port Praski enters new phase

Preparations are underway for the expansion of the Port Praski project. A housing estate and an attractive public space are planned along the quays of the former Warsaw port. The project will be evaluated by local residents as part of a dialogue about the investment.

schedule 23 August 2024

StudentSpace starts in Kraków

StudentSpace, a student housing platform, launched earlier this year by Signal Capital Partners, Griffin Capital Partners, and Echo Investment, announced the start of the construction of its first investments.

schedule 07 August 2024

Resi4Rent adds more to Wrocław

Resi4Rent, Poland's largest PRS operator, has launched 290 rental apartments onto the Wrocław market this year.

schedule 01 August 2024

Skycity to grow in Gdynia

Allcon is starting the development of the Skycity Gdynia mixed-use complex, of which a 120-metre-high tower will be a part. Construction of the complex will begin later in 2024.

schedule 15 July 2024

Not only for students

The Collegia Group is launching another investment in the Tricity. A complex that will combine the functions of a student house, hotel and service space will be built at Grunwaldzka Avenue in Gdańsk.

schedule 27 June 2024

A new investor for PBSA in Poland

A new player, roomies platform, has announced its entry into the private student housing market in Poland. The new investor aims to build a portfolio of more than 2,000 units over the next five years.

schedule 21 June 2024

Off Miasto is being built in Gdańsk

Invest Komfort has announced the development of a new project in Gdańsk. Off Miasto is to be built on a plot of ca. 56,000 sqm, and the usable area of the flats will be almost 55,000 sqm. Construction of the first stage has already begun. The entire investment will take several years to complete. 

schedule 13 June 2024

Low-rise buildings, high standards

Construction works begin on the new Bellemonde residential complex in Bucharest. The project will cover a land area of over 41,000 sqm and will feature 93 villas and 71 apartments.

schedule 28 May 2024

Zeitraum is officially opened

The Zeitraum private student house in Warsaw's Solec district has opened. In addition to 214 beds, the facility offers, among other things, a roof terrace, a cinema room and rooms for learning and integration.

schedule 22 May 2024

First residential units in Towarowa 22 project

The residential part of the Towarowa 22 project in Warsaw is taking off. Archicom is starting to sell flats in the first building under the Archicom Collection brand, which will stand in the immediate vicinity of the planned park.

schedule 22 May 2024

Phase III of The Level Apartments takes off

Romanian residential developer Redport Capital has announced the start of construction of Phase III of The Level Apartments. The project has received a building permit for 105 apartments to be developed with an investment of EUR 13 mln.

schedule 06 May 2024

Downtown Yards are for sale

135 of the 650 residences have already been sold in the pre-sale phase of JTRE’s new Downtown Yards project. The mixed-use neighbourhood in Bratislava is currently under construction.

Edition 11 (293) November 2024

Latest comments

Categories

Log in

Forgot your password? Reset password

Your order

Your data
Create an access password
The password will allow you to access the materials from any device
Invoicing data
Order summary
Net order
VAT (%)
Gross order
Already have an account? Log in
Payment security is ensured