PL

CBRE leaves Moscow

For Ukraine
CBRE Group has announced that it is to discontinue most of its business in Russia in response to the invasion of Ukraine. The company has now begun the process of exiting its Moscow office, from where it had been providing leasing, investment, property management and valuation services

The real estate consultancy is also terminating two existing affiliate relationships in the country. Consistent with its contractual obligations, CBRE will continue to manage facilities and provide other essential services for existing multi-national clients that are operating in Russia.

CBRE is working to support its colleagues in Russia who will be leaving the company. CBRE regrets the impact that this will have on those employees, as this will be through no fault of their own.

The company is continuing to provide assistance for employees of CBRE’s affiliate in Ukraine and its employees have been making donations to its fundraising campaign for the UNHCR.

Latest news

Warehouse & industrial

Poland ECE makes its start in logistics

schedule 22 September 2023
Opr./edited by ANZ

The ECE Group is making its debut on the Polish logistics market with the construction of a 78,000 sqm project near Kąty Wrocławskie in line with the requirements of BREEAM 'Excellent' certification.

Residential

Poland In the heart of the business district

schedule 22 September 2023
Opr./edited by ANZ

Archicom and Echo Investment are to begin the construction of the Modern Mokotów residential development in Warsaw's Służewiec district. The existing office development will be replaced by a 'destination' type residential quarter.

Architecture and urban planning

CZECH REPUBLIC Dutch-Czech team wins Dejvice contest

schedule 21 September 2023
Nathan North
deputy editor

Dutch studio Benthem Crouwel Architects together with Czech architects OVA have won the competition to redesign a quarter of Vítězné náměstí (Victory Square) in Dejvice district (Prague 6).

Residential

CZECH REPUBLIC €700 mln green loan for Heimstaden

schedule 21 September 2023
Opr./edited by NN

Swedish residential specialist Heimstaden Bostad, through its subsidiaries Heimstaden Czech and Heimstaden Czech Pilsen, has received a sustainability-linked loan of EUR 700 mln from a consortium of banks for its Czech properties.

Architecture and urban planning

SLOVAKIA Alto launches Sky Park arch-comp

schedule 20 September 2023
Nathan North
deputy editor

Alto Real Estate, the owner of the Sky Park complex in Bratislava, has launched an architectural competition for its further development on an adjacent plot.

Warehouse & industrial

Poland Panattoni’s high-tech park in Gliwice

schedule 20 September 2023
Opr./edited by ANZ

Panattoni has developed a BTS facility for the Tenneco Group in Gliwice. The European Engineering Centre is to serve the company as a research and development centre for new technologies.

Green projects

CEE REGION EIB awards CTP solar-powered €200m loan

schedule 20 September 2023
Opr./edited by NN

Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation programme across its European business park portfolio.

Green projects

POLAND Cromwell granted €66m green loan for Janki

schedule 20 September 2023
Opr./edited by NN

Real estate investor and fund manager Cromwell Property Group has secured a EUR 66 mln green loan for the 61,000 sqm Janki shopping centre on the southern outskirts of Warsaw.

Residential

POLAND Vastint launches first Polish PRS project

schedule 20 September 2023
Opr./edited by NN

Vastint Poland is launching the development of its first private rental sector residential project – the Pastelowo estate, which is to be built on ul. Pastelowa in Poznań, close to the developer’s Business Garden office complex in the city’s Grunwald Północ district.

Investment & finance

Poland & Baltics AEI issues more green bonds for solar plants

schedule 20 September 2023
Opr./edited by JC

Atsinaujinančios Energetikos Investicijos has announced a EUR 13.22 mln green bond issue with a 10 pct yield and which is to mature in December 2025. The company will invest the money to build solar power plants in Poland.

Office & mixed-use development

Romania U•Center 2 is ready

schedule 20 September 2023
Opr./edited by JC

Forte Partners announces the completion of the U•Center 2 office building in Bucharest, which has a GLA of 35,000 sqm.

ESG

Poland / Czech Republic LaSalle covered in platinum

schedule 19 September 2023
Eurobuild CEE

LaSalle Investment Management has announced that three of its office buildings in the CEE region – two in Prague and one in Warsaw – have achieved WiredScore 'Platinum' certification. The Czech buildings are the first office properties in the country to receive WiredScore at the highest level.

Investment & finance

Poland Partners and Peakside pick up Okęcie site

schedule 19 September 2023
Opr./edited by ANZ

Partners Group and Peakside Capital Advisors have successfully completed the purchase of a 5 ha plot in Warsaw’s Okęcie district for the development of a last-mile urban logistics project.

Investment & finance

Romania The investment market decline

schedule 19 September 2023
Opr./edited by ANZ

The number of sold properties increased in Romania in H1 2023, but the average price per asset decreased by more than 50 pct according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Investment & finance

Hungary Skanska sells H2Offices

schedule 19 September 2023
Opr./edited by ANZ

Skanska has sold the first phase of its H2Offices complex in Budapest to Erste Open-Ended Real Estate Investment Fund, represented by Erste Alapkezelő Zrt. This is the third acquisition that the purchaser has made from Skanska Hungary, after acquiring Nordic Light in 2016 and Mill Park in 2018.

Office & mixed-use development

Polska Staying in North Gate

schedule 19 September 2023
Opr./edited by JC

Three tenants of North Gate office building in Warsaw have decided to extend their leases and expand the occupied space. As a result, the companies occupy a total of 4,000 sqm.

Warehouse & industrial

Poland Record deal for CTP

schedule 18 September 2023
Opr./edited by ANZ

A company from the logistics sector has leased 110,000 sqm in the CTPark Warsaw West complex in Wiskitki, near Warsaw. The new tenant will occupy a total of two buildings.

Warehouse & industrial

Poland Antra chooses Prologis

schedule 18 September 2023
Opr./edited by ANZ

Antra has leased almost 4,000 sqm of warehouse space in building DC4B at Prologis Park Chorzów. The lease was concluded for three years, with an option to extend.

Warehouse & industrial

Poland Half of Będzin park leased

schedule 18 September 2023
Opr./edited by ANZ

ILS, which is responsible for the warehousing, distribution and transport services of Inter Cars Group, has leased 22,500 sqm of storage space in Mapletree Park Będzin.

Investment & finance

Poland GLP seals 7R park purchase

schedule 18 September 2023
Opr./edited by ANZ

7R has finalised the sale of 7R City Flex Gdańsk II to GLP Europe. The facility comprises 11,000 sqm, currently fully leased by brands from the food and FMCG sectors.

Latest in For Ukraine

schedule 25 April 2022

Build Europe supports refugees and appeals to European Commission

Polski Związek Firm Deweloperskich (PZFD) and Build Europe, the organisation representing the national federations of European developers and homebuilders, delivered more than 500 beds in Poland to support Ukrainian refugees, and also provided direct financial support to humanitarian organisations operating on the Ukrainian border in Romania and Moldova.

schedule 13 April 2022

Former Russian building to house Ukrainian refugees

The City of Warsaw has repossessed a building, at ul. Sobieskiego 100 in the city's Mokotów Dolny district, from the Russian Embassy.

schedule 15 March 2022

City Point Targówek to support refugees

Peakside Capital Advisors and Partners Group have provided a warehouse in their City Point Targówek complex in Warsaw to the Mazovian branch of the Polish Red Cross for the support of Ukrainian refugees.

schedule 10 March 2022

Strabag real estate makes room for Ukrainian refugees

Strabag Real Estate working with the city of Warsaw has prepared 200 beds in the Atrium International Office building for refugees fleeing from the war in Ukraine.

schedule 09 March 2022

CBRE leaves Moscow

CBRE Group has announced that it is to discontinue most of its business in Russia in response to the invasion of Ukraine. The company has now begun the process of exiting its Moscow office, from where it had been providing leasing, investment, property management and valuation services

schedule 08 March 2022

Eurobuild cuts access with Russia, Belarus

As of midnight today, all of Eurobuild's websites will be inaccessible from the Russian Federation and Belarus. In addition, the editorial team will cease publishing information on the investment and real estate markets of both countries.

schedule 04 March 2022

YIT and Autodesk pull out of Russia

Finnish construction group YIT has announced that it is pulling out of Russia, while Autodesk, a producer of software for the construction and engineering industries, is also withdrawing from the country.

schedule 02 March 2022

Warsaw to take back Russian held property

The city of Warsaw has initiated legal proceedings to take possession of a property it claims was illegally seized by the Russian Federation.

Edition 9 (281) September 2023

Latest comments

Categories