Echo Investment has today announced the closing of two disposals. MidPoint71 in Wrocław has been acquired by the Czech-based Trigea Real Estate Fund for over EUR 100 mln, while German fund manager KGAL Group has bought three buildings in the Fuzja office complex in Łódź for EUR 56 mln.
Warimpex Finanz- und Beteiligungs AG has sold the B52 Office building in Budapest to Semmelweis University, which specialises in medical and health sciences, with the 5,200 sqm property changing hands for EUR 12.575 mln.
Three new leases for a total of around 4,700 sqm of office space have been signed for two office buildings in the River City Prague complex, which was developed by CA Immo.
Forum Towarzystwo Funduszy Inwestycyjnych (FTFI) is the latest tenant to move into the newly completed third building of the Wadowicka 3 office complex in Kraków.
Polish furniture accessories and LED lighting distributor GTV has leased another 32,000 sqm at MLP Pruszków II. The company, which has been a tenant of the park since 2018, already occupies 20,300 sqm at the logistics centre on Warsaw’s western outskirts.
Eviosys Packaging Poland has renewed and expanded its lease in EQT Exeter Park Gdańsk. It will now occupy over 5,000 sqm of warehouse and office space.
Flex office provider CitySpace is to open a 3,500 sqm centre in the MidPoint71 office building in Wrocław, which is owned by Echo Investment.
Reserved, Mohito, Cropp, House, Sinsay, CCC, Half Price, Eobuwie and Modivo are the latest brands to be secured for Galeria Bawełnianka in Bełchatów in central Poland, which is scheduled to open on March 1st 2023.
Austrian real estate investor and developer S Immo has officially confirmed that it has abolished its voting rights cap, thus providing Czech counterpart CPI Property Group with a controlling stake and triggering a mandatory takeover offer.
Heilind Electronics Europe has leased around 4,000 sqm of warehouse and office space in the Hillwood Mysłowice logistics park in Upper Silesia.
Bank Pekao has refinanced Newbridge Poland’s ‘Smart’ portfolio of retail parks with a EUR 10 mln loan.
Hungarian investment manager Indotek Group has acquired the One Victoriei Center office building in Bucharest’s CBD from its developer, One United Properties, for an undisclosed sum.
Siemens Energy has leased 7,500 sqm of office space in the second office phase of One Cotroceni Park, which is under development in Bucharest.
Polish industrial developer LCube is to start its latest project – a 35,000 sqm warehousing centre near Mszczonów, about 55 km south-west of Warsaw city centre.
Atrium European Real Estate Limited, part of Israeli group G City (formerly Gazit Globe), has sold the Optima shopping centre in Košice in eastern Slovakia to an undisclosed buyer for EUR 118 mln.
Immofinanz has published details of its updated strategy following the majority takeover of the Austrian real estate investor by its Czech counterpart CPI Property Group. This will involve selling off around EUR 1 bln of assets.
Prague-based industrial developer P3 has completed the purchase of a plot of almost 5 ha in Katowice for the development of a 22,600 sqm warehouse centre.
The Antczak Group has completed construction work in the Wrocław V Logistics Centre for developer GLP.
The Bridge, an office tower under construction by Ghelamco on pl. Europejski in Warsaw is the first project in the CEE to be awarded SmartScore and WiredScore certification for technically advanced buildings.
Aluminium can producer Canpack, a subsidiary of Giorgi Global Holdings has moved into the MK29 centre in Krakówa into offices designed by Trzop Architekci.
Meininger Hotels and Polish real estate developer Fronton have signed a deal to develop a 503-bed and 135-room hotel in Kraków, scheduled to open in summer 2023.
The Bucharest hotel market has the highest growth among CEE capitals in terms of revenue per available room (RevPAR), according to the Hotel Operator Beat H2 2021 report by Cushman & Wakefield.
Another difficult year for the hotel market has come to an end – hotels were back in operation for only the last six months of the year, but the summer and autumn seasons were much better than in 2020. But the hospitality sector is resilient and always has the potential to bounce back – according to the ‘Hotel market in the largest cities in Poland. Annual report 2021’ by Hotel Professionals, which ‘Eurobuild CEE’ has been granted the exclusive rights to publish.
UBM Development Czechia is close to completing the refurbishment of the more than 100-year-old former Cukrovarnického paláce (Sugar Palace) on Senovážné náměstí in the centre of Prague, which is to re-open in the spring as the Andaz Prague Hotel.
CPI Property Group has acquired the Mercure Bratislava Centrum Hotel from Invesco Real Estate for an undisclosed sum.
Crowne Plaza Hotels & Resorts has opened its first hotel in Budapest.
The Sofitel Wrocław Old Town, which was closed down permanently due to the pandemic, is to reopen as a Wyndham hotel after a new operator – Latvian company Mogotel – was secured for the hotel.
Radisson has opened its 15th hotel in Poland.
IHG Hotels & Resorts is to open the the first Holiday Inn Resort in Poland – in the Szklarska Poręba mountain resort in southwestern Poland, in partnership with AKME Wiśniewski Szklarska Poręba.
The H2 Hotel Budapest, Trademark Collection by Wyndham has opened.
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.
Radisson Hotel Group has opened the Belgrade Art Hotel.
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.
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.
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.
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.
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.
Most owners and operators expect a rebound in the hotel sector in European capitals over 2023-2024, according to Cushman and Wakefield.
Focus Hotels has opened an 85-room hotel in Elbląg.
The IntercityHotel Budapest has opened next to the Keleti railway station., in the eastern part of the city centre.
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