Timișoara City Center now open
Hotelsschedule 04 March 2021
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Optim Project Management has completed the construction of the 6,715 sqm ibis Timișoara City Center hotel on behalf of Hotel Development.
Events
We invite all cyclists, both regular bikers and those who only cycle occasionally, to fill in our questionnaire and share their comments and opinions on cycling to work.
Office & mixed-use development
Two new tenants have signed leases for space in the 4,500 sqm Mendeleev Office 5 office building in Bucharest.
Warehouse & industrial
Logistics operator DSV Solutions has renegotiated its lease in Panattoni Park Sosnowiec I and taken up an additional 2,750 sqm.
Office & mixed-use development
Transport and logistics firm Maersk Polska has leased 1,200 sqm in the 3T Office Park in Gdynia.
Warehouse & industrial
Interior design firm Vox has signed a lease for 7,700 sqm in Segro Logistics Park Poznań, Gądki.
Warehouse & industrial
Contera has started work on the Contera Park Ostrava D1 with the construction of a 90,000 sqm logistics complex for Czech sporting goods retailer Sportisimo.
Property and Facility Management
Colliers has been chosen to manage the Spark B office building in Warsaw’s Wola district by its Swedish owner Stena Fastigheter.
Events
Despite the switch to remote working, office buildings have not become a thing of the past, although their function has been REdefined – offices are now places for meetings and creative teamwork. The REduction of occupied space and the REnegotiation of lease agreements have also become commonplace. In a week’s time, at Eurobuild’s 7th INVESTED INTEREST Investment Market Conference, we will discuss the new reality facing the office investment market.
Construction
General contractor Porr has completed the construction work on the tunnel connecting the Skysawa mixed-use complex in Warsaw and the Rondo ONZ metro station.
Warehouse & industrial
Panattoni has leased out 75,500 sqm to courier company InPost in eight locations.
Human resources
Cushman & Wakefield has reorganised its CEE leadership by creating eight new senior positions.
Office & mixed-use development
Immofinanz has secured new leases and extensions for almost 21,000 sqm of its Hungarian office portfolio so far this year. All the properties are situated in Budapest.
Residential
Swedish rental housing specialist Heimstaden has announced that it plans to invest CZK 1.5 bln (app. EUR 58 mln) in its Czech portfolio this year.
Investment & finance
Czech real estate investor CPI Property Group as formed a joint venture consortium with German counterpart and fellow Globalworth shareholder Aroundtown to buy the entire share capital of Globalworth.
Warehouse & industrial
Kingfisher, the owner of the Castorama DIY chain in Poland, has leased space in the 7R City Flex Warsaw Airport logistics centre in Warsaw.
Office & mixed-use development
The ground floor of Skanska’s Wave office building in Gdansk has been fully leased.
Office & mixed-use development
GTC's N3 building in the Green Heart complex has been awarded a LEED Gold certificate.
Office & mixed-use development
HB Reavis’ Varso Place in Warsaw has been awarded a WELL health-safety rating
Events
The first transactions of the year are now behind us. In the present circumstances, it seems from the scale and volume of these transactions in first quarter that perhaps we have little to worry about. But are all the signs really pointing to another successful year? The experts will discuss this and the future of the real estate investment sector at Eurobuild’s 7th Invested Interest Investment Market Conference on April 22nd.
Property and Facility Management
Hungarian company B+N Referencia has acquired Danish facility manager ISS Group’s operations in the CEE region for an undisclosed sum.
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.
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.
B&B has raised EUR 180 mln for its worldwide development plans.
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.
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.
Trigema has started reconstruction work on the Hotel Thermal Karlovy Vary - Areál bazén in West Bohemia.
The Bucharest hotel market continues to receive attention from hotel operators looking to expand their chains.
Poles are returning to hotels in holiday resorts more willingly than in the spring of 2020 but business hotels are still waiting for guests.
Swiss company VisionApartments has bought the former Ramada Bucharest Majestic Hotel.
Two new Hampton by Hilton hotels are to open in Poland – in Bialystok and in Tarnowo Podgórne on Poznań’s north-western outskirts.
Optim Project Management has completed the construction of the 6,715 sqm ibis Timișoara City Center hotel on behalf of Hotel Development.
Hungarian building services provider DVM group has started the construction work on the neo-renaissance Drechsler Palace in Budapest in a project to prepare it to become the first W Hotel in Hungary.
PHN Property Management and Polskiego Holdingu Hotelowego have signed an agreement to buy Cosmar Polska, the owner of the Regent Warsaw Hotelu for PLN 130.5 mln.
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.
Accor and Kievskaya Ploshchad Group have announced that they will be opening the Raffles Moscow hotel in H2 2022.
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.
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.
A Radisson hotel is to open for the first time in the Black Sea resort of Odessa.
Radisson Hotel Group has announced the opening of Park Inn by Radisson hotel at Vilnius Airport.
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.
Yesterday the sun was shining, so I took my bike out of the cellar, dusted it off and oiled the gears. I checked the lights and pumped up the wheels...
Small talkFresh from HB Reavis’ triumph in establishing Varso Tower as the tallest building in the EU, we spoke to Karol Wyka, a member of the company’s management board and keen rally drive ...
Small talkLast year might have been a bonanza for the warehouse market, but there are still challenges to face, as Paweł Sapek, the senior vice-president and CE regional head and country man ...
Twenty Polish projects have been nominated for the European Union Prize for Contemporary Architecture – Mies van der Rohe Award for 2022.
General contractor Porr has completed the construction work on the tunnel connecting the Skysawa mixed-use complex in Warsaw and the Rondo ONZ metro s ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Robyg Group has turned to JLL to advise it on drawing up a comprehensive environmental, social and corporate governance (ESG) strategy.
Russia’s largest online retailer Wildberries has entered the Ukrainian market.
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 presen ...
On behalf of everyone at Eurobuild, we would like to wish a very Happy Easter to all our friends, readers and colleagues on the Central and Eastern Eu ...
In our latest Eurobuild FM podcast, we find out from Efrat Fenigson of flexible space operator Mindspace how the flex office market has been coping du ...
Despite the switch to remote working, office buildings have not become a thing of the past, although their function has been REdefined – offices are n ...
The NoVa Park centre in Gorzów Wielkopolski has been awarded BREEAM-In-Use for the eighth time.
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.
Cushman & Wakefield has reorganised its CEE leadership by creating eight new senior positions.
Construction work on Warsaw’s southern bypass is nearing completion.
The MádiLáncos Studio has been commissioned to design the interiors of Arena Corner.
Czech real estate investor CPI Property Group as formed a joint venture consortium with German counterpart and fellow Globalworth shareholder Aroundto ...
Two new tenants have signed leases for space in the 4,500 sqm Mendeleev Office 5 office building in Bucharest.
Colliers has been chosen to manage the Spark B office building in Warsaw’s Wola district by its Swedish owner Stena Fastigheter.
The Sinfonia Varsovia symphony orchestra has received the last of the design documentation for its new centre.
Swedish rental housing specialist Heimstaden has announced that it plans to invest CZK 1.5 bln (app. EUR 58 mln) in its Czech portfolio this year.
Trei Real Estate Polska is currently constructing six Vendo Park retail parks with a combined area of 26,000 sqm.
US company AI Clearing is to provide its fully automated construction progress tracking solution for Esoleo, which is building Poland’s largest solar ...
Logistics operator DSV Solutions has renegotiated its lease in Panattoni Park Sosnowiec I and taken up an additional 2,750 sqm.
