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ROMANIA One United buys historic building

Investment & finance
One United Properties has bought an historic building at Strada Georges Clemenceau 2 in central Bucharest for EUR 4.9 mln.

The developer is now planning to convert the property into a new high-class development called One Athénée. The estimated gross development value of the project comes to EUR 21 mln.

We are thrilled to sign this transaction for a building with such a unique history. There are many important historic buildings, abandoned and in need of significant improvements located in Bucharest. Through this development, we want to bring back the appreciation of the past to these buildings, adapted to the new reality. Our long-term vision takes into consideration further developments in this area, as we want to contribute to the protection and regeneration of the cultural heritage in the centre of Bucharest.
Victor Capitanu, a co-founder of One United Properties

The building will be entirely refurbished to include exclusive commercial space on the ground and first floors, while the upper storeys will contain ten luxury apartments overlooking the Romanian Athenaeum. One Athénée will be One United Properties’ first restoration of a listed historic monument with the purpose of preserving and regenerating the cultural heritage of Romania’s capital.

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schedule 01 December 2023
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In two years, Finnish developer YIT has built and handed over more than 500 rental units in Warsaw to the Nrep fund. The flats were built in three Warsaw districts - Ursynów, Bemowo and Mokotów.

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schedule 01 December 2023
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The CMS law firm's headquarters, located in Varso Tower, has become the first office arrangement in Poland to be awarded WELL Platinum certification. Thus, CMS joins the ranks of four law firms worldwide that have an office that complies with the highest standards of occupant wellbeing.

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Poland Concentrix circles in on Global Office Park

schedule 30 November 2023
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Customer engagement specialist Concentrix has leased almost 5,200 sqm in Global Office Park in Katowice, which is owned by Cavatina. The deal is the largest office lease in the city in 2023.

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Poland mBank provides loan for 7R

schedule 30 November 2023
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7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of EUR 15.5 mln was provided by mBank.

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Poland Universal Express long-stay in Pruszków

schedule 30 November 2023
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Universal Express has extended its lease of the MLP Pruszków II park for another period. The company has been a tenant of the MLP logistics centre for almost 10 years.

Hotels

Poland The seventh Accor in Kraków

schedule 30 November 2023
Opr./edited by ANZ

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Poland Galeria Tarnovia changes hands

schedule 30 November 2023
Opr./edited by ANZ

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Infrastructure

Poland PLN 1.5 bln for the airport

schedule 29 November 2023
Opr./edited by ANZ

The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include more than 20 projects, with the construction of a passenger terminal, a cargo terminal, a technical hangar, as well as taking into account changes to the airport's transport system.

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schedule 29 November 2023
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The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional winner for Europe is a Polish couple, Lena and Władysław Grochowski.

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schedule 28 November 2023
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Warehouse & industrial

Hungary DHL relocates to zero ready PT1 megapark

schedule 28 November 2023
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DHL Supply Chain, a member of the DHL Group, has leased 20,000 sqm in the largest stand-alone modern industrial building in the Budapest area, developed by HelloParks. The park has been prepared to enable zero-emissions operations.

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schedule 28 November 2023
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Morska Agencja Gdynia, a Polish freight forwarding and logistics company, has leased more than 21,000 sqm of space in the CTPark Gdańsk Port complex. The company will integrate all its warehouse space in one location.

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schedule 28 November 2023
Opr./edited by JC

MLP Group is investing to develop a new logistics centre within the Katowice Special Economic Zone. The upcoming MLP Bieruń West, situated on recently acquired land, is set to provide approximately 55,000 sqm of warehouse space.

Office & mixed-use development

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schedule 27 November 2023
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Warimpex has opened its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 sqm of space, is located in the immediate vicinity of the city centre. The building is already almost half let.

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schedule 27 November 2023
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The first Polish distribution centre of the KiK discount chain will open in Rabowice. The property has a warehouse space of 40,000 sqm.

Investment & finance

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schedule 27 November 2023
Opr./edited by BL

White Stone Development has sold two office buildings at Cybernetyki 7 Street. The Hol77 complex in Warsaw's Mokotów district has been purchased by Flora Development 22.

Warehouse & industrial

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schedule 27 November 2023
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schedule 27 November 2023
Opr./edited by JC

Regesta will lease 21,700 sqm of warehouse space in Panattoni Park Zgierz. The central warehouse will support its four existing properties across Poland, with another two under construction.

Retail & leisure

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schedule 24 November 2023
Opr./edited by ANZ

In this year's 33rd edition of the Cushman & Wakefield Main Streets Across the World ranking, the Czech Pařížská street has been ranked 11th in Europe and the first in the CEE region. The survey compares nearly 50 countries around the world by the level of retail rents on the most expensive shopping street in each country.

Office & mixed-use development

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schedule 23 November 2023
Opr./edited by NN

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Latest in Investment & finance

schedule 30 November 2023

mBank provides loan for 7R

7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of EUR 15.5 mln was provided by mBank.

schedule 30 November 2023

Galeria Tarnovia changes hands

A London-based European investment company has finalised the purchase of Galeria Tarnovia, which is one of the biggest transactions on the Polish retail property market this year. The Tarnów mall has about 17,000 sqm of leasable space (36,500 sqm of total space).

schedule 27 November 2023

Transaction at ul. Cybernetyki

White Stone Development has sold two office buildings at Cybernetyki 7 Street. The Hol77 complex in Warsaw's Mokotów district has been purchased by Flora Development 22.

schedule 23 November 2023

mBank to support MLP Group with EUR 12 mln

mBank has provided MLP Group with financing of nearly EUR 12 mln. The funds raised will be used to refinance the construction of a 32,000 sqm warehouse facility at the MLP Pruszków II logistics centre.

schedule 22 November 2023

Panattoni has borrowed from Alior

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schedule 20 November 2023

Globalworth gets millions

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schedule 16 November 2023

CTP gets money from pbb

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schedule 16 November 2023

Lucky quarter for Nepi

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schedule 09 November 2023

EUR 75 mln for Cedet

PBB Deutsche Pfandbriefbank has granted a 75 mln euro investment loan to a Polish company managed by Macquarie Asset Management. The loan will be used to refinance the Cedet office building in Warsaw.

schedule 08 November 2023

Between uncertainty and optimism

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schedule 08 November 2023

Stokado acquires Top Box

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schedule 06 November 2023

Brownfield projects get millions

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schedule 03 November 2023

LOI signed for Czech portfolio acquisition

S Immo has signed a non-binding letter of intent with Czech Property Investments, a subsidiary of CPI Property Group, to acquire a property portfolio in the Czech Republic. 

schedule 03 November 2023

Fundamentals in CEE remain fairly robust

The pricing gap between buyers’ and sellers' expectations remains a significant barrier to seeing volumes return to the 5 and 10-year average levels of EUR 10-11 bln, however, lower levels of vacancy are being recorded and some good levels of rental growth in certain sectors have been noted, reveals Colliers in its latest “Q3 2023 CEE Investment Scene” report.

schedule 02 November 2023

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schedule 02 November 2023

GGC sells to Sonar

Sonar Real Estate has secured an office property in Munich in a joint venture with a global institutional investor. The seller, Global Gate Capital, is an international investment firm that invests across alternative asset classes and public markets.

schedule 30 October 2023

Profi sale breaks record

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schedule 26 October 2023

Octava sells Warsaw airport plot

Octava Property Trust (OPT) has sold a 1.3 ha development site for an SBU warehouse project near Chopin Airport in Warsaw to an Austrian investment fund, which now plans to develop an 8,000 sqm small business unit facility on it.

schedule 25 October 2023

BHM buys second Slovak park

Prague-based investment group BHM group has acquired the Trenčín Industrial Park logistics and production centre in western Slovakia, which has a leasable area of more than 120,000 sqm, for an undisclosed sum. The seller was Fond Nova Real Estate, a fund managed by Prague-based Redside investiční společnost.

schedule 23 October 2023

SVP to acquire Apcoa

Apcoa Parking Holdings and Strategic Value Partners, LLC and its affiliates (together, SVP), a global alternative investment firm with over USD 18 bln of assets under management, has announced that SVP-managed funds have entered into an agreement to acquire 100 pct of Apcoa, Europe’s leading parking infrastructure operator.

Edition 11 (283) November 2023

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