PL

HUNGARY Crowne Plaza comes to Budapest

Hotels
InterContinental Hotels Group has signed a management agreement with Gránit Pólus Group for the Hilton Budapest City hotel in the city centre to be re-branded as the Crowne Plaza Budapest in 2021.

This will be the first opening of a Crowne Plaza hotel in the country. The 230-room hotel, adjacent to Gránit Pólus’ WestEnd City Centre mall, also offers 13 meeting rooms, a café and a lounge club.

Given the central location of WestEnd City Centre, we are confident that Crowne Plaza Budapest will become a vibrant hotspot for business travellers and tourists once the Covid-19 pandemic comes to an end. In the spirit of this project, Gránit Pólus Group will dedicate more than EUR 10 mln towards renovating the hotel with its 230 rooms in the next two years.
Miklós Gyertyánfy, the asset management director of Gránit Pólus Group

IHG currently has two hotels operating in Budapest under the InterContinental Hotels & Resorts and Holiday Inn brands, with Holiday Inn Express Budapest – City Centre due to open in 2022. Conversions have accounted for 27 pct of IHG’s signings so far this year, up from 20 pct in 2019.

Latest news

Warehouse & industrial

Romania Mega Image in Chitila

schedule 21 January 2021
Opr./edited by AH

Grocery operator Mega Image has moved into the Chitila Logistics Hub in Bucharest owned by Globalworth and Global Vision.

Events

Poland Investment under pressure?

schedule 20 January 2021
Eurobuild Conferences

April 22nd is when Eurobuild’s 7th Invested Interest Investment Market Conference will take place. The event will be distinctive in two ways: firstly, because we will meet again in a more intimate manner than usual (a TV studio as well as in your apartments or offices); and secondly, this year’s discussions will be guided by the spirit of a well-known rock group that sold millions of records.

Warehouse & industrial

Poland Uniq moves to MLP Łódź

schedule 21 January 2021
Opr./edited by AH

Uniq Logistic is to take up a total of over 17,000 sqm in two locations: Pruszków and Łódź.

Property and Facility Management

CEE REGION Skanska achieves Well Health-Safety for eight buildings

schedule 21 January 2021
Nathan North
deputy editor

Skanska has obtained Well Health-Safety Ratings for eight office properties in Poland, Romania and the Czech Republic.

Warehouse & industrial

ROMANIA Carrefour renews huge lease at P3 Bucharest A1

schedule 21 January 2021
Nathan North
deputy editor

French supermarket chain Carrefour has renewed its 85,000 sqm lease in the P3 Bucharest A1 warehousing park – one of the largest ever deals of its kind on the Romanian market.

Investment & finance

HUNGARY M7 acquires Laki Center for EUR 12.35 mln

schedule 20 January 2021
Nathan North
deputy editor

London-based investor and asset manager M7 Real Estate has acquired the Laki Commerical Center (Laki Kereskedelmi Központ) office building in Budapest for its M7 CEREF II fund for EUR 12.35 mln.

Warehouse & industrial

POLAND Panattoni buys 8.2 ha for latest Warsaw park

schedule 20 January 2021
Nathan North
deputy editor

Panattoni has bought an 8.2 ha site in Warsaw’s Annopol district for the development of City Logistics Warsaw IV, which will offer around 40,000 sqm.

Green projects

POLAND Warsaw Trade Tower now ‘Excellent’

schedule 20 January 2021
Nathan North
deputy editor

Warsaw Trade Tower has been awarded a new BREEAM In-Use certificate with a rating of ‘Excellent’.

Public buildings

POLAND Erbud wins PLN 22.5 mln Mińsk Mazowiecki police HQ contract

schedule 20 January 2021
Nathan North
deputy editor

Erbud has been awarded a PLN 22.5 mln net contract for the construction of the Mińsk Mazowiecki county police headquarters.

Investment & finance

Poland M4 and InPost team up

schedule 19 January 2021
Opr./edited by AH

InPost has hired M4 Real Estate as consultants to advise on logistics property investments. 

Interior design

Poland Oracle offices now ready

schedule 19 January 2021
Opr./edited by AH

Cushman & Wakefield, as the project manager, has completed the fit-out of a 3,500 sqm office for multinational IT company Oracle in the Warsaw Hub complex.

Property and Facility Management

Romania Cushman to manage Floreasca

schedule 19 January 2021
Opr./edited by AH

Cushman & Wakefield Echinox has been appointed to manage the Floreasca Park office in the Floreasca – Barbu Văcărescu district in Bucharest.

Warehouse & industrial

POLAND Hopi hops into P3 Mszczonów

schedule 19 January 2021
Nathan North
deputy editor

Czech logistics company Hopi has leased 33,910 sqm of warehouse and office space in the P3 Mszczonów warehousing park. The new building will serve as the company’s central warehouse and HQ in Poland.

Office & mixed-use development

POLAND Allegro leases 26,000 sqm in Nowy Rynek

schedule 19 January 2021
Nathan North
deputy editor

Skanska has signed a lease agreement with online shopping company Allegro for app. 26,000 sqm of office space and 177 parking spaces in the third office building of its Nowy Rynek mixed-use development in Poznań.

Property and Facility Management

CZECH REPUBLIC CPI sells FM division to M2C

schedule 18 January 2021
Nathan North
deputy editor

CPI Property Group has sold a majority stake in its facility management division to another Czech company M2C.

Warehouse & industrial

SERBIA CTP starts major expansion of Belgrade North

schedule 18 January 2021
Nathan North
deputy editor

Czech industrial developer CTP is to expand CTPark Belgrade North after the acquisition of a 28,500 sqm warehouse and adjacent land from Austrian-based real estate developer Eyemaxx.

Residential

Poland Strong sales results for Echo

schedule 18 January 2021
Opr./edited by AH

Echo Investment has announced that over 2020, it signed 1,570 apartment sales contracts, representing a rise of 16 pct on the 1,357 apartments sold in 2019.

Investment & finance

Poland Partners completes Buma portfolio purchase

schedule 18 January 2021
Opr./edited by AH

Partners Group has finalised its acquisition of eleven class A office properties from Buma, including two sites under development.

Warehouse & industrial

Czech Republic Over 15,000 sqm taken in CTPark Bor

schedule 18 January 2021
Opr./edited by AH

Colliers International Czech Republic has brokered the signing of a lease agreement for a German multinational engineering and technology company in CTPark Bor.

Investment & finance

CZECH REPUBLIC Deka buys Parkview for EUR 77 mln

schedule 18 January 2021
Nathan North
deputy editor

Deka Immobilien has bought the Parkview office building in Prague 4 from its developer Skanska for around EUR 77 mln.

Latest in Hotels

schedule 31 December 2020

Arena Hospitality poised to buy Belgrade hotel

Arena Hospitality Group has been loaned HRK 32 mln (EUR 4.2m) by Serbian bank AIK Banka for the Croatian hotel group to acquire the 88 Rooms hotel in Belgrade.

schedule 15 December 2020

Raffles comes to Moscow

Accor and Kievskaya Ploshchad Group have announced that they will be opening the Raffles Moscow hotel in H2 2022.

schedule 02 December 2020

Ott Ventures launches EUR 500 mln Central Europe hotel fund

Ott Ventures, the private equity and fund management platform run by Orco Property Group and MaMaison Hotels & Residences founder Ott Properties, has announced the launch of its first hotel fund – Velvet.

schedule 23 November 2020

Crowne Plaza comes to Budapest

InterContinental Hotels Group has signed a management agreement with Gránit Pólus Group for the Hilton Budapest City hotel in the city centre to be re-branded as the Crowne Plaza Budapest in 2021.

schedule 23 October 2020

Radisson debuts in Odessa

A Radisson hotel is to open for the first time in the Black Sea resort of Odessa.

schedule 30 September 2020

Radisson opens at Vilnius Airport

Radisson Hotel Group has announced the opening of Park Inn by Radisson hotel at Vilnius Airport.

schedule 29 September 2020

Mostly woe for Hungarian hotels

Horwath HTL Hungary, together with the Hungarian Hotel & Restaurant Association, has published the results of a survey conducted among its members to assess the results of the Covid-19 crisis.

schedule 28 September 2020

Holiday Inn Express Gdańsk Airport on its way

InterContinental Hotels Group and FB Antczak (the investor behind the project) are to open a Holiday Inn Express hotel at Lech Wałęsa Airport in Gdańsk in 2022.

schedule 21 September 2020

Convivio finalises five-star portfolio buy

Convivio Hotels has completed the EUR 573 mln acquisition of eight of the five-star hotels in the pan-European Dedica Anthology portfolio from Värde Partners.

schedule 07 September 2020

First Hyatt opens in Bulgaria

The first Hyatt-branded hotel has opened in Bulgaria – the Hyatt Regency Sofia.

schedule 07 September 2020

Hotels could boost revenue by 20 pct by embracing co-working – Colliers

Hotel operators could take advantage of the trend for remote working and adapt their space for a ‘hybrid hospitality’ concept to generate additional revenue, according to Colliers International.

schedule 01 September 2020

Hotel investors holding out for H2 – C&W

In the first half of 2020 there was a marked increase in European hotel investors retreating to their home regions due to the uncertainty surrounding the pandemic, according to research by Cushman & Wakefield.

schedule 26 August 2020

Ibis Styles opens in Galați

Accor has opened its first hotel in Galați on Romania’s eastern border – the Ibis Styles Dunărea Galați.

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 a 144-room Ibis hotel near the future Terminal 2 of Bucharest’s main Henri Coandă Airport by the end of 2022.

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