PL

HUNGARY Árpád Center fully leased

Office & mixed-use development
The Árpád Center office building in Budapest is now fully leased after the signing of two leases.

The new tenants secured for the building are personnel consulting firm JobGroup as well laser treatment specialists EverDerm, which will open a 400 sqm clinic. Both are to move in in the autumn.

Árpád Center is owned and managed by ConvergenCE, which will also be carrying out the fit-out work for the new tenants. The seven-storey building comprises 5,400 sqm. It is located in Budapest XIII, close to Váci út and Árpád bridge. Other tenants include AG Mamas, Alfa Pharmacy, Aquarea, Aurum, Cellaphone, Eurorisk, Indigo Dohány, Octonull/ Billingo, SDL, Svea and VS-Faktor. ConvergenCE, which also has its offices in the building, bought the property from Immofinanz in 2019.

Latest news

Investment & finance

CEE REGION EBRD sells Globalworth stake to CPI and Aroundtown

schedule 27 July 2021
Nathan North
deputy editor

The European Bank for Reconstruction and Development (EBRD) has agreed to sell its entire 5 pct stake in Globalworth Real Estate Investments to Zakiono Enterprises, which is owned by CPI Property Group and Aroundtown – a consortium that is currently engaged in a takeover bid for the Romanian-based company.

Warehouse & industrial

POLAND Hart Logistics leases 10,000 sqm in MLP Poznań West

schedule 27 July 2021
Opr./edited by NN

Polish warehouse property developer MLP Group is to build a 10,000 sqm facility for Hart Logistics in MLP Poznań West.

Office & mixed-use development

ROMANIA EUR 78 mln loan for One Cotroceni Park

schedule 27 July 2021
Nathan North
deputy editor

One United Properties has been loaned EUR 78 mln from a consortium of banks for its One Cotroceni Park office complex in Bucharest.

Warehouse & industrial

POLAND White Star Logistics launches first two projects

schedule 27 July 2021
Nathan North
deputy editor

White Star Logistics, a new joint venture between White Star Real Estate and fellow US investor Bain Capital Credit, is to develop its first two logistics centres – in Nowy Konik and Raszyn, on Warsaw’s eastern and southwestern outskirts, respectively.

Warehouse & industrial

HUNGARY Knapp buys former lawnmower plant

schedule 26 July 2021
Opr./edited by NN

Austrian automation company Knapp has bought a 30,000 sqm industrial plant near Veszprém from lawnmower producer MTD Hungary for an undisclosed sum.

Infrastructure

ROMANIA Strabag awarded EUR 111 mln Oradea contract

schedule 26 July 2021
Opr./edited by NN

Austrian construction firm Strabag has been awarded an EUR 111 mln contract to build a 19 km dual carriageway between Oradea and the A3 motorway.

Warehouse & industrial

POLAND Tenth building with new tenants for 7R Park Kraków

schedule 26 July 2021
Nathan North
deputy editor

Polish industrial developer 7R has brought into use the tenth warehouse building in 7R Park Kraków in Kokotów on the south-eastern outskirts of the city.

Office & mixed-use development

POLAND Koneser up for sale

schedule 26 July 2021
Nathan North
deputy editor

BBI Development and Liebrecht & Wood have started the process for selling their city-forming Centrum Praskie Koneser redevelopment project in Warsaw’s Praga district.

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.

Latest in Office & mixed-use development

schedule 27 July 2021

EUR 78 mln loan for One Cotroceni Park

One United Properties has been loaned EUR 78 mln from a consortium of banks for its One Cotroceni Park office complex in Bucharest.

schedule 26 July 2021

Koneser up for sale

BBI Development and Liebrecht & Wood have started the process for selling their city-forming Centrum Praskie Koneser redevelopment project in Warsaw’s Praga district.

schedule 23 July 2021

Colliers chosen for University Business Park

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

schedule 23 July 2021

Warsaw office vacancy hits 12 pct

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.

schedule 22 July 2021

Apple Museum at Norblin Factory

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.

schedule 21 July 2021

City takes up 12,000 sqm in Widok Towers

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

schedule 21 July 2021

Axi Immo happy in Spektrum and Muchowiec

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.

schedule 21 July 2021

RTL to broadcast from Liget

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.

schedule 19 July 2021

DB Cargo chooses One Controceni Park for HQ

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.

schedule 16 July 2021

Carbon Tower now almost full

Cavatina Holding’s Carbon Tower office development in Wrocław, which came into use in mid-2019, is now 94 pct leased.

schedule 16 July 2021

Bosch expands Cluj innovation centre

Bosch has started the construction of the second office building for its engineering centre in Cluj. The German engineering and tech company will invest EUR 21 mln in the project.

schedule 15 July 2021

Point72 takes up residence in Browary

US asset management company Point72 has leased 3,000 sqm in Browary Warszawskie in Warsaw.

schedule 15 July 2021

Red Court added to Rustonka

Construction work is to begin on J&T Real Estate’s Red Court office project, which will form part of the Rustonka office complex in Karlín (Prague 8).

schedule 15 July 2021

Play moves from Mars

P4, the operator of Polish mobile network Play, has leased 920 sqm of office space in the Hol 7.7 office complex in Warsaw’s Służewiec district.

schedule 13 July 2021

Porr wins EUR 19 mln contract for Selvita centre

Polish medical research company Selvita has announced the development of a new research centre in its home city of Kraków and has chosen Porr to be the general contractor.

schedule 13 July 2021

IBM moving to Nové Apollo

The identity of the IT giant that is moving into the Nové Apollo office complex in Bratislava has been revealed to be IBM.

schedule 12 July 2021

Another tenant for Global Office Park

Internet provider UPC Polska has leased 4,300 sqm in Global Office Park in Katowice.

schedule 09 July 2021

KMD A-OK in GBC

Danish tech company KMD has extended its current lease of 6,200 sqm at Gdański Business Center in Warsaw until 2028.

schedule 07 July 2021

Hyland in Global Office Park

Enterprise software developer Hyland has leased 2,600 sqm from Cavatina in Global Office Park in Katowice.

schedule 07 July 2021

IBM goes for Corvin Innovation

IBM Hungary is moving its headquarters to Futureal’s Corvin Innovation Campus in Budapest.

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