PL

RUSSIA Raffles comes to Moscow

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

The hotel, which will be located next to the Kremlin, will be the first to be managed under the exclusive Raffles Hotels & Resorts brand in Russia.

Raffles Moscow will offer 153 rooms on nine floors, including twenty two-bedroom suites, 19 junior suites and two luxurious presidential suites. It will also have an events centre with a ballroom, four meeting rooms, an outdoor events areas, five restaurants, a boutique bakery and the Raffles Long Bar.

British studio Winch has prepared the design of the hotel in collaboration with Accor’s in-house luxury design team.

Latest news

Office & mixed-use development

POLAND Colliers chosen for University Business Park

schedule 23 July 2021
Opr./edited by NN

Colliers has been chosen to be the exclusive commercialisation agent for University Business Park in Łódź, which is owned by Globe Trade Centre.

Architecture and urban planning

CZECH REPUBLIC Dutch duo wins Brno station design competition

schedule 23 July 2021
Nathan North
deputy editor

Dutch studios Benthem Crouwel Architekten and West 8 have won the competition to design a new central railway station for Brno, in what was the largest architectural competition in the history of the Czech Republic.

Green projects

ROMANIA NEPI obtains EUR 73 mln green loan

schedule 23 July 2021
Opr./edited by NN

The International Finance Corporation (IFC) has provided a provides a EUR 73 mln green loan to NE Property BV, a wholly-owned subsidiary of NEPI Rockcastle, for the development of sustainable real estate in Romania.

Office & mixed-use development

POLAND Warsaw office vacancy hits 12 pct

schedule 23 July 2021
Opr./edited by NN

At the end of Q2 2021, the total modern office stock in Warsaw amounted to almost 6.1 mln sqm, according to the latest figures from PINK (the Polish Chamber of Commercial Properties). The vacancy rate was up by 1.1 pp q-o-q and by 4.6 pp y-o-y to 12.5 pct.

Office & mixed-use development

POLAND Apple Museum at Norblin Factory

schedule 22 July 2021
Opr./edited by NN

A museum dedicated to Apple products is to open in the Norblin Factory complex in the autumn with 1,500 exhibits related to the development and evolution of the company’s technology.

Infrastructure

POLAND Warbud to build new Kostrzyn bridge

schedule 22 July 2021
Opr./edited by NN

Warbud is to rebuild a road bridge over the river Warta in Kostrzyn nad Odrą, close to the Polish-German border.

Retail & leisure

CZECH REPUBLIC Patria buys two retail parks

schedule 22 July 2021
Opr./edited by NN

Patria has bought two retail parks from Czech developer KPD – in Ovčáry just outside in Kolín in central Bohemia and in Mohelnice in the Olomouc district of Moravia.

Public buildings

POLAND Złota 44 sales hit record figures

schedule 22 July 2021
Opr./edited by NN

In Q2 2021, the value of the apartments sold in the exclusive Złota 44 residential tower in Warsaw was 28 pct higher than the previous highest figure recorded in Q4 2020.

Office & mixed-use development

POLAND City takes up 12,000 sqm in Widok Towers

schedule 21 July 2021
Nathan North
deputy editor

Warsaw city council has leased 12,000 sqm in the newly completed Widok Towers in the centre of the capital.

Office & mixed-use development

POLAND Axi Immo happy in Spektrum and Muchowiec

schedule 21 July 2021
Opr./edited by NN

Industrial and office agency Axi Immo has renewed the leases for its premises on the top floor of Spektrum Tower in Warsaw’s CBD as well as in Muchowiec Active Park in Katowice.

Office & mixed-use development

HUNGARY RTL to broadcast from Liget

schedule 21 July 2021
Opr./edited by NN

RTL Services, the business services company for Magyar RTL Televízió, has signed a long-term lease for space in the Liget Center and the Liget Auditórium office buildings in Budapest, which are owned by Wing.

Retail & leisure

ROMANIA Scallier buys Timişoara project for FunShop Park

schedule 21 July 2021
Opr./edited by NN

Polish developer Scallier has acquired a retail park development from Oasis Retail & Development Consulting in Timişoara for an undisclosed sum.

Investment & finance

ROMANIA Austrian office investors pump up the volume

schedule 20 July 2021
Opr./edited by NN

Almost EUR 300 mln was invested in Romanian real estate in H1 2021, according to figures provided by Cushman & Wakefield Echinox. A large contribution to the volume was provided by the increased activity of Austrian office investors.

Retail & leisure

HUNGARY Spar invests across Hungary

schedule 20 July 2021
Nathan North
deputy editor

Spar Hungary has recently opened two new supermarkets and reopened two refurbished stores in an investment of EUR 5.3 mln in its Hungarian store network.

Warehouse & industrial

POLAND MLP Poznań West to grow by 43,000 sqm

schedule 20 July 2021
Nathan North
deputy editor

MLP Group has contracted Poznań-based W.P.I.P. to expand its MLP Poznań West project in Dąbrówka on the city’s western outskirts. The general contractor is to build more than 43,000 sqm of new space, with the construction work due to begin by the end of this month.

Infrastructure

CZECH REPUBLIC Skanska wins EUR 77 mln D55 contract

schedule 20 July 2021
Nathan North
deputy editor

Skanska has been awarded a contract worth more than CZK 1.95 bln (app. EUR 77 mln) from the Czech highway authority to build a section of the D55 motorway in the area of Staré Město in Moravia.

Investment & finance

CEE REGION GTC goes for greener financing

schedule 19 July 2021
Nathan North
deputy editor

Fresh from its successful EUR 500 mln green bond issue, its disposal of its Serbian portfolio and a number of acquisitions in Budapest, Eurobuild CEE asked Globe Trade Centre’s president, Yovav Carmi, and CFO Ariel Ferstman, about the company’s post-pandemic plans

Warehouse & industrial

POLAND Raben moves into Panattoni Gdańsk Airport

schedule 19 July 2021
Opr./edited by NN

Logistics operator Raben Logistics Polska has leased 7,560 sqm of warehouse space in Panattoni Park Gdańsk Airport.

Warehouse & industrial

POLAND Accolade to build two more Szczecin parks

schedule 19 July 2021
Nathan North
deputy editor

Czech industrial real estate investor and developer Accolade has acquired two sites in Szczecin’s Załom-Kasztanowe district for the development of 73,000 sqm gla of warehousing.

Office & mixed-use development

ROMANIA DB Cargo chooses One Controceni Park for HQ

schedule 19 July 2021
Nathan North
deputy editor

Deutsche Bahn Cargo Romania, the Romanian subsidiary of Europe’s largest railway carrier, is to relocate its headquarters to One Cotroceni Park, close to Bucharest city centre.

Latest in Hotels

schedule 14 July 2021

H2 Budapest now open

The H2 Hotel Budapest, Trademark Collection by Wyndham has opened.

schedule 09 July 2021

Wing completes B&B Hotel Budapest City

Wing has completed the first Hungarian B&B Hotel on the banks of the Danube in Budapest, having converted the former Angyal office building on Boráros tér, near Petőfi Bridge.

schedule 08 July 2021

Art Hotel opens in Belgrade

Radisson Hotel Group has opened the Belgrade Art Hotel.

schedule 02 July 2021

Hotels count the pandemic cost

In 2020, EUR 370 mln was transacted in the hotel sector in Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia, according to the third CEE hotel investment report published by CMS and Cushman & Wakefield.

schedule 01 July 2021

Waltzing in Matild once again

The Matild Palace hotel has reopened in Budapest after five years of extensive renovations. The building, which is owned by Özyer Group, is to be run by Marriott International as a Luxury Collection Hotel.

schedule 25 June 2021

IGHP reports on hospitality losses

According to the Chamber of Commerce (Izba Gospodarcza Hotelarstwa) for the Polish Hotel Industry, Polish hotels face losses from May this year of up to PLN 750 mln.

schedule 09 June 2021

Radisson Blu Bucharest reopens

The Radisson Blu Hotel, Bucharest, has reopened following a major capital investment to elegantly transform the hotel’s lobby and garden area, as well as increase the number of guest rooms to over 600.

schedule 09 June 2021

Warsaw Hub hotels the first for Well Health-Safety

The International Well Building Institute (IWBI) has confirmed that the two hotels in The Warsaw Hub development have been awarded the Well Health-Safety Rating.

schedule 01 June 2021

Hotels prepare for recovery

Most owners and operators expect a rebound in the hotel sector in European capitals over 2023-2024, according to Cushman and Wakefield.

schedule 19 May 2021

Focus now in Elbląg

Focus Hotels has opened an 85-room hotel in Elbląg.

schedule 05 May 2021

IntercityHotel Budapest now open

The IntercityHotel Budapest has opened next to the Keleti railway station., in the eastern part of the city centre.

schedule 21 April 2021

Radisson opens Hotel Imperial Plovdiv

Radisson Hotel Group has opened the Hotel Imperial Plovdiv under its Radisson Individuals brand.

schedule 08 April 2021

Covid hits Baltic hotels

Over 2020, RevPAR slid by 64 pct in Vilnius, 68 pct in Riga, and 72 pct in Tallinn according to figures from the Christie & Co consultancy.

schedule 06 April 2021

Ibis lands in Golden Sands

An Ibis Styles hotel is to open in Golden Sands [Златни пясъци] in May. Accor has signed a franchise agreement with Valdemosa EOOD to rebrand the recently renovated Roomer Hotel Golden Sands.

schedule 01 April 2021

B&B ready to splurge

B&B has raised EUR 180 mln for its worldwide development plans.

schedule 29 March 2021

Prague and Budapest sale-and-leaseback for B&B

B&B Hotels has sold two hotels – in Prague and Budapest – to Primonial REIM, an independent Paris-based real estate asset management group for an undisclosed sum.

schedule 26 March 2021

Zeus buys three Bucharest hotels from Ares

Greek hotel management company Zeus International has bought a portfolio of three hotels in Bucharest in a cross-border share deal from Cyprus-based Alpha Real Estate Services (ARES) for an undisclosed sum.

schedule 22 March 2021

Face-lift and more at the Hotel Thermal

Trigema has started reconstruction work on the Hotel Thermal Karlovy Vary - Areál bazén in West Bohemia.

schedule 18 March 2021

Underlying demand still strong in Bucharest

The Bucharest hotel market continues to receive attention from hotel operators looking to expand their chains.

schedule 18 March 2021

Poles want to go on vacation

Poles are returning to hotels in holiday resorts more willingly than in the spring of 2020 but business hotels are still waiting for guests.

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