Catering products supplier Bidfood Farutex has become the first tenant of Prologis’ largest ever speculative building, having leased 9,795 sqm at Prologis Park Wrocław III.
In 2022, the demand for offices in Warsaw exceeded 860,000 sqm. The highest tenant activity could be seen in Q1 and Q4 of the previous year. Traditionally, most Warsaw offices were contracted by companies from the financial sector, business services and the IT industry.
In January 2023, Sierra Balmain commenced cooperation in the field of lease management and the provision of financial and corporate accounting services for the Forum Gdańsk shopping centre, owned by NEPI Rockcastle.
The Dawna Fabryka retail park is to be built on the site of the former ZREMB Foundry near the centre of Jelenia Góra in southwestern Poland.
Czech industrial real estate investor and developer Arete is to receive more than EUR 100 mln (CZK 2.5 bln) in financing for its portfolio from a consortium of banks made up of Česká spořitelna and Slovenská sporiteľňa.
German residential and retail developer and asset manager Trei Real Estate has obtained EUR 40 mln in debt funding from Berlin Hyp.
Logistics provider Orbico Hungary has leased 1,253 sqm of office space in the first phase of H2Offices complex in Budapest.
The investment volume of 2022 was shaped by five large deals, which accounted for 40 pct of the total result. Market liquidity fell by 27 pct, from a record 166 transactions in 2021 to 122 completed in 2022, according to experts at Avison Young.
Panattoni has purchased a 35 ha plot for the development of Panattoni Park Poznań A2. Construction work on the complex, which has a target area of almost 150,000 sqm, is to start as early as February.
Develia has signed a preliminary agreement for the sale of Wola Retro office building in Warsaw. The buyer is WR Office, owned by an investment fund managed by Adventum Group. The sale price was set at EUR 69.8 mln, or app. PLN 328.6 mln.
Szczecin is putting up for sale the building of a historic oil mill, which could be transformed into an interesting mix-use project. The property can be purchased with a 99 pct. discount on the net sale price.
LPP has leased a 65,000 sqm facility at CTPark Bucharest West distribution and logistics centre. The deal represents the first partnership between Poland’s LPP and CTP in Europe.
Panattoni Park Poznań West Gate is nearing full commercialization - the developer has already leased around 58,000 sqm in the facility, which has a total area of 61,000 sqm. Nearly 10,500 sqm is used by DFDS, a company offering transport and logistics services.
Garbe is to start work on Garbe Park České Budějovice near the South Bohemian city, following the conclusion of a deal with German hydronic heating specialist Taconova to lease almost 10,500 sqm of space in the park. Another 9,500 sqm of logistics space is at the same time to be developed speculatively.
Senior and disabled persons home care provider Aterima Group has prolonged and extended its lease in Bonarka for Business in Kraków.
Schneider Electric Polska renegotiated the contract and extended its lease of 8,500 sqm of office space in Park Rozwoju in Warsaw’s Służewiec business district.
Logistics company Dirks Consumer Slovakia has leased 43,320 sqm in the first phase of VGP Park Bratislava.
Cable and wire manufacturer and distributor TKD Polska has leased about 2,800 sqm at the MLP Pruszków II logistics park on Warsaw’s western outskirts.
Second closing has been sealed for the Duodev 2 fund initiated by the Mestdagh and Mulliez families, proposing to invest in European real estate projects developed by Equilis. Six months after the approval of the first closing, the Duodev 2 fund continues its success.
Panattoni has purchased 4 ha of land and is soon to start construction on Panattoni Park Warsaw South III Piaseczno, where it will develop around 20,000 sqm.
JW Marriott, part of Marriott Bonvoy’s, has unveiled its new property in Germany with the opening of JW Marriott Hotel Berlin. It is the brand’s second hotel in Germany following Frankfurt in 2022.
IHG Hotels & Resorts has signed a contract with local company BDPST Group to operate two of the latter’s hotels in Budapest under IHG brands.
Marriott Bonvoy's Hot Hotel is planning more hotel openings in Europe and beyond. New facilities are going to appear in cities such as Budapest, Copenhagen and Munich.
One United Properties has acquired an abandoned development in central Bucharest, which it intends to into the 5-star One Plaza Athénée hotel.
It would seem that the ongoing war in Ukraine will stop all important city-forming investments in this country. On the contrary. Polish architects from the Kuryłowicz & Associates studio have designed a hotel in the heart of Lviv, which is currently under construction.
After extensive rebranding and refurbishment, the twenty-year-old Warsaw Radisson has re-opened as the first hotel in Poland to operate under the exclusive Radisson Collection brand.
Forty Management has announced that it is soon to begin work on its Central District Lagoon City hotel and mixed-use complex in Bucharest, while the launches of similar projects are pending in Prague and Budapest and that it is seeking a site for one in Warsaw.
The Hyatt Place Kraków has been officially opened, marking the return of the brand to Poland and its first opening in the city.
Belgian developer Atenor has announced that the Tribe Warsaw Airport hotel, which will be operated Ennismore, is to be developed in the first phase of its Fort 7 mixed-use project in the area of Fort Zbarż near Warsaw Chopin Airport.
Radisson Hotel Group is to further expand its network in Poland, beginning next year with openings in Ostróda and Kraków, followed by new hotels on the Baltic coast in 2024 and 2025.
The first Radisson RED hotel in Poland has opened on Wyspa Spichrzów (Granary Island) in Gdańsk. This brings the hospitality group’s portfolio in Poland to 22 properties in operation and under development.
IHG is to reintroduce its InterContinental Hotels & Resorts brand to Romania after a year’s break with the opening of the InterContinental Athénée Palace Bucharest in early 2023.
Louvre Hotels Group, part of Chinese conglomerate Jin Jiang International, is to enter the Hungarian midscale hospitality market with the opening of a hotel under its Campanile brand in Budapest
A Radisson Blu hotel has opened in Cluj-Napoca – the first of the brand to open in Transylvania.
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.
Russian poet and singer Alexander Vertinsky wrote in his memoirs on January 8th 1918: “Life in Moscow had become harder...
Small talkTenant representation agency ITRA has been operating on the Polish market for almost a year - and what an eventful year it has been! We spoke to Artur Sutor, the CEO of ITRA Poland ...
Small talkFlex space operator Mindspace is opening its second location in Warsaw, in the Skyliner building. And is targeting a different type of client – the big corporations. As Michał Kwi ...
Penta Real Estate is holding an architectural competition for the development of a 4.5 ha brownfield site that formed part of the former Juraj Dimitro ...
Frontex, the European Border and Coast Guard Agency, has opened a tender to select a contractor for the design-and-build project of its future headqua ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
In response to the gravity of Russia’s aggression, Colliers has discontinued its business in Russia and Belarus, effective immediately, after more tha ...
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
For the 12th time it all went with a bang! The winners of the Eurobuild Awards 2022 have been announced to almost 900 guests of the Awards Gala, who w ...
Wishing all our readers a very happy Christmas and all the best in the coming year from everyone on the editorial staff of Eurobuild CEE!
A special series of podcasts straight from Expo Real! All the latest comment and forecasts exclusively on www.eurobuildcee.com! Today is the final epi ...
It’s time to stretch those muscles once again! It is our great pleasure to invite you to our latest event – the 1st Eurobuild CEE Winter Doubles Tenni ...
Polski Związek Firm Deweloperskich (PZFD) and Build Europe, the organisation representing the national federations of European developers and homebuil ...
Panattoni is supporting the upcycling of the machinery used to generate green energy. In 15 of its locations environmentally friendly outdoor furnitur ...
JW Marriott, part of Marriott Bonvoy’s, has unveiled its new property in Germany with the opening of JW Marriott Hotel Berlin. It is the brand’s secon ...
BDPST Group has acquired the Hotel Gellért Szálló in central Budapest from Danubius Hotel Group for an undisclosed sum.
Mazowiecki province has issued a ZRID permit for Mostostal Warszawa to construct a 12 km section of the S7 expressway between Załuski and Modlin, nort ...
The Chybik + Kristof architectural office has won the design competition to transform a former textile factory into a new contemporary art gallery and ...
Czech industrial real estate investor and developer Arete is to receive more than EUR 100 mln (CZK 2.5 bln) in financing for its portfolio from a cons ...
Atman, ICT service provider, has purchased an investment site of nearly 6 hectares in Duchnice, in the municipality of Ożarów Mazowiecki. The company ...
The company has been strengthening its position on the commercial real estate market as a specialist consultancy providing comprehensive tenant and la ...
In 2022, the demand for offices in Warsaw exceeded 860,000 sqm. The highest tenant activity could be seen in Q1 and Q4 of the previous year. Tradition ...
Colliers has been appointed property manager of four buildings of Łużycka Office Park and also of Łużycka Plus in Gdynia, which were recently acquired ...
The renovation of the Darius and Girėnas Stadium in Kaunas has been completed. The grand opening will take place in mid-October, when the stadium will ...
Empira Group has acquired the Langes Land, a residential project in Munich, Germany. The project will create residential space in the highly sought-af ...
In January 2023, Sierra Balmain commenced cooperation in the field of lease management and the provision of financial and corporate accounting service ...
Bright Spaces has announced a partnership with CA Immo Hungary to digitally showcase five of the latter’s buildings.
Catering products supplier Bidfood Farutex has become the first tenant of Prologis’ largest ever speculative building, having leased 9,795 sqm at Prol ...