PL

HUNGARY Palais Krauz to be brought into the 21st century

Office & mixed-use development
Renovation work on the 19th century Palais Krausz on Budapest’s Andrássy út boulevard (a World Heritage site) is to begin in mid-2021.

AEW is the owner of the property, while Limehouse Partners is the manager.

The project, which will create 4,000 sqm of office space and 340 sqm of retail on the ground floor, will involve the extensive overhaul of the buildings HVAC and technical installations and a rearrangement of the building’s common areas, while improving its amenities and preserving its decorative architectural features, with the aim of obtaining BREEAM ‘Excellent’ certification.

Krausz Palace, which is situated in one of Budapest’s most exclusive downtown locations, will be renovated and restored to its original splendour, with due care of its heritage, while also achieving the highest 21st century standards for occupiers’ functionality and comfort. We are delighted to have been granted a heritage permit and that we can now move on with the realisation of the project.
Jake Lodge, a managing partner of Limehouse Partners

The work on the building, which was erected in 1884, is scheduled for completion in 2022.

Latest news

Warehouse & industrial

POLAND Medical devices from Panattoni Park Tricity North

schedule 04 March 2021
Opr./edited by NN

A medical device manufacturer has leased more than 4,000 sqm in Panattoni Park Tricity North.

Retail & leisure

HUNGARY Etele Plaza ready for tenants

schedule 04 March 2021
Nathan North
deputy editor

An occupancy permit has been issued for the Etele Plaza shopping centre in Budapest’s XI district.

Events

POLAND The search for a (tennis) star!

schedule 27 January 2021
Eurobuild Conferences

The champion for many years was Michał Małaszyński of APP-Projekt, while the last two years have been dominated by Krzysztof Stempień of Cresa. But who will be carrying off the trophies from the Eurobuild CEE Annual Tennis Tournament this year?

Investment & finance

Czech Republic Prague remains dominant

schedule 03 March 2021

The investment volume in the Czech Republic came to EUR 797 mln in H2 2020 with 60 pct of the H2 transaction volume (EUR 478 mln) invested in Prague, according to the latest figures from Savills.

Office & mixed-use development

Poland First building opens in Ocean Office Park

schedule 03 March 2021

Cavatina Holding has received an occupancy permit for the first building in its Ocean Office Park in Kraków's Zabłocie district. 

Retail & leisure

POLAND Kaufland to open in place of Tesco in Poznań

schedule 03 March 2021
Nathan North
deputy editor

Echo Investment has leased 8,500 sqm of retail space to supermarket chain Kaufland in its shopping centre on ul. Opieńskiego in Poznań’s Piątkowo district.

Warehouse & industrial

POLAND Barbora expands into Ożarów II Logistics Centre

schedule 03 March 2021
Opr./edited by NN

Barbora, the owner of the e-grocery store Barbora.pl, has leased 6,000 sqm of warehouse and office space in the Ożarów II Logistics Centre on Warsaw’s western outskirts.

Warehouse & industrial

POLAND AST Supplies prints its mark in Panattoni park

schedule 03 March 2021
Opr./edited by NN

Laser printer supplier AST Supplies has leased over 1,300 sqm of warehouse and office space in Panattoni Park Warsaw Janki III.

Eurobuild Awards

POLAND The new date for the Eurobuild Awards Gala

schedule 02 March 2021
Eurobuild Conferences

Sadly, due to the continuing global situation, we will not be able to meet on March 25th to announce the results of the Eurobuild Awards and to present the awards to the highest achieving companies in the commercial real estate sector.

Warehouse & industrial

Panattoni comes to Zgorzelec

schedule 02 March 2021
Opr./edited by AH

Panattoni Development Europe is to purchase a 13.2 ha plot in Zgorzelec on south-western Poland for a warehouse development.

Green projects

Czech Republic CTP moves into forestry

schedule 02 March 2021
Opr./edited by AH

CTP has purchased 460 ha of forest close to Zlín in the Czech Republic, raising the total woodland the company owns to 560 ha.

Retail & leisure

ROMANIA Sinsay sashays into Funshop Park

schedule 02 March 2021
Opr./edited by NN

A 1,500 sqm Sinsay store is to open in Funshop Park in Roșiorii de Vede in southern Romania.

Green projects

Poland Globalworth properties all powered from renewables

schedule 02 March 2021
Opr./edited by AH

Globalworth has announced that since the beginning of 2021 all 22 of the properties in its Polish portfolio use 100 pct green energy from renewable sources.

Office & mixed-use development

POLAND SDI Media leases 3,600 sqm in Mokotów Plaza

schedule 01 March 2021
Opr./edited by NN

Dubbing and subtitling specialist firm SDI Media has leased 3,600 sqm in Mokotów Plaza in Warsaw’s Służewiec district.

Investment & finance

POLAND Belgians buy Waterside in Gdańsk

schedule 01 March 2021
Nathan North
deputy editor

Belgian property developer Alides has acquired the Waterside office complex in Gdańsk from Deka Immobilien for an undisclosed sum.

Warehouse & industrial

POLAND ELI to build City Logistics Kraków I

schedule 01 March 2021
Opr./edited by NN

European Logistics Investment (ELI) and its strategic partner Panattoni are to deliver a 37,000 sqm warehouse complex in Kraków’s Nowa Huta district.

Investment & finance

SLOVAKIA CA Immo exits Slovakia with BBC sale

schedule 01 March 2021
Nathan North
deputy editor

CA Immo has sold Bratislava Business Center 1 and 1 Plus to Prague-based investment bank Wood & Company for an undisclosed sum.

Office & mixed-use development

Poland First building of Palio Park now open

schedule 01 March 2021
Opr./edited by AH

The first building of the Palio Office Park in Gdańsk has been handed over.

Office & mixed-use development

Bucharest office market set to bounce back

schedule 01 March 2021
Opr./edited by AH

Demand for office space in Bucharest is to increase by 20–30 pct this year, according to Cushman & Wakefield Echinox.

Retail & leisure

Poland Żabka counts to 7,000

schedule 01 March 2021
Opr./edited by AH

The Żabka chain has opened its 7,000th grocery store.

Latest in Office & mixed-use development

schedule 03 March 2021

First building opens in Ocean Office Park

Cavatina Holding has received an occupancy permit for the first building in its Ocean Office Park in Kraków's Zabłocie district. 

schedule 01 March 2021

SDI Media leases 3,600 sqm in Mokotów Plaza

Dubbing and subtitling specialist firm SDI Media has leased 3,600 sqm in Mokotów Plaza in Warsaw’s Służewiec district.

schedule 01 March 2021

First building of Palio Park now open

The first building of the Palio Office Park in Gdańsk has been handed over.

schedule 01 March 2021

Bucharest office market set to bounce back

Demand for office space in Bucharest is to increase by 20–30 pct this year, according to Cushman & Wakefield Echinox.

schedule 01 March 2021

CBRE to move to One Tower

CBRE’s Romanian office is to move to One Tower in Bucharest.

schedule 26 February 2021

Carbon Tower fills up

Cavatina Holding has leased 4,500 sqm in its Carbon Tower building in Wrocław to an undisclosed financial client.

schedule 25 February 2021

Orbico happy to stay in Silesia Business Park

Orbico Poland has extended its lease of 1,030 sqm of office space in building B of Silesia Business Park in Katowice, which is owned by ISOC.

schedule 25 February 2021

Generation Park Y ready for use

Generation Park Y in Warsaw, Skanska’s tallest office building in the CEE region, has now been issued with an occupancy permit.

schedule 23 February 2021

Come on over to My Place

Echo Investment has brought into use the second office building of its My Place (Moje Miejsce) multifunctional development in Warsaw’s Dolny Mokotów district. As a result, the new urban quarter combining offices, residential and retail/services premises has now been completed.

schedule 23 February 2021

HireRight stays in Silesia Star

Background screening company HireRight has extended its 3,200 sqm lease in Silesia Star in Katowice.

schedule 23 February 2021

Belgrade modernist icon changes hands

Marera Real Estate Partners, a sister company of Marera Properties, has acquired the Bigz building in Belgrade, which was completed in 1941.

schedule 22 February 2021

Varso Tower now the EU’s tallest

After reaching a roof height of 230m, Varso Tower became the tallest building in Poland. Now, after the installation of its 73-tonne and 80m spire, the Warsaw skyscraper has broken another record, becoming the tallest in the entire EU.

schedule 19 February 2021

Cavatina begins second stages of Palio and Ocean

Cavatina Holding has started construction on the second stages of Palio Office Park in Gdańsk and Ocean Office Park in Kraków. The total area of both stages comes to 34,200 sqm.

schedule 19 February 2021

Work begins on Masaryčka

Penta Real Estate has obtained the final building permit and can now start construction work on the first two buildings in the first stage of its Masaryčka development, which involves the revitalisation of the Masarykovo nádraží railway station and the site around it in central Prague.

schedule 17 February 2021

Business Garden Vilnius fills with gas

Vastint Lithuania has leased 1,110 sqm in Business Garden Vilnius to national mains gas supplier AB Amber Grid.

schedule 17 February 2021

EUR 50 mln loan for One Tower

One United Properties has received a EUR 50 mln loan from Black Sea Trade and Development Bank (BSTDB) for the development of the One Tower office building in Bucharest.

schedule 16 February 2021

Three tenants signed up in Infopark

Wing has signed long-term office lease agreements with new tenants in three buildings in the Infopark centre in Budapest.

schedule 15 February 2021

InPost enters X20

This year, InPost is to move into 3,800 sqm in the X20 building on ul. Czerniakowska in Warsaw.

schedule 12 February 2021

Port7 launch for Skanska in Prague

Skanska is to invest around CZK 2 bln (EUR 76 mln) in the first phase of its Port7 mixed-use project in Prague’s Holešovice district.

schedule 10 February 2021

Warsaw office stock approaches 6 mln sqm

More than 300,000 sq m of office space was delivered to the Warsaw market in 2020. Total office stock in the city came to 5.9 mln sqm according to figures from Cushman & Wakefield.

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