PL

Lithuania Largest stadium in Lithuania completed

Public buildings
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 become the largest and most modern in the country.

The stadium in Lithuania’s second city will meet the highest UEFA requirements. it features also a running track, and so will be able to host top-level athletic competitions, The Darius and Girėnas Stadium now has a capacity of 15,000 spectators (up from 9,000 before the renovation work). The project, which began in the summer of 2018, cost EUR 43 mln.

The National Stadium of Lithuania in Vilnius was demolished a few months ago. The construction of a replacement is expected to start by the end of 2024.

Latest news

Retail & leisure

Czech Republic Atrium Flora managed by Cushman & Wakefield 

schedule 03 February 2023
Opr./edited by ANZ

Cushman & Wakefield took over the management of Atrium Flora in Prague’s Vinohrady district, a shopping centre owned by G City Europe.

Eurobuild FM

Poland Piotr Trzciński on the Polish investment market (Eurobuild FM)

schedule 02 February 2023
Eurobuild CEE

We are delighted to inform you that we are starting the fifth series of the Eurobuild FM podcast channel! Our first guest, Piotr Trzciński of Savills Investment Management, comments on the current situation and gives us his forecasts for the Polish investment market. 

Warehouse & industrial

Poland Work begins on Panattoni Łódź South II

schedule 02 February 2023
Opr./edited by ANZ

Panattoni has started construction work on Panattoni Park Łódź South II, which is to comprise 57,300 sqm and will be built in a single stage. The complex is to be BREEAM 'Excellent' certified.

Warehouse & industrial

Poland 7R Bydgoszcz ready for the next stage

schedule 02 February 2023
Opr./edited by ANZ

Polish warehouse developed 7R has leased out the entire first stage of 7R Park Bydgoszcz, which is now being prepared for expansion. The main tenant of the first phase is now Polish logistics operator Rohlig Suus Logistics, which has decided to lease another 3,000 sqm, bringing its premises in the park up to almost 16,500 sqm.

Investment & finance

WORLD Savills IM transacted EUR 3.6 bln in 2022

schedule 02 February 2023
Opr./edited by ANZ

Savills Investment Management transacted more than EUR 3.6 bln globally in private real estate equity transactions in 2022, including EUR 3.1 bln in Europe and EUR 540 mln in Asia. The investment platform completed 112 transactions across 14 countries in 2022, including around EUR 2.1 bln of acquisitions and EUR 1.5 bln of disposals, resulting in a net investment of app. EUR 600 mln.

Office & mixed-use development

POLAND OmniOffice to open in Warsaw Unit

schedule 01 February 2023
Opr./edited by NN

Polish serviced office operator OmniOffice has leased 3,090 sqm in Warsaw Unit from Ghelamco.

Investment & finance

POLAND Trigea buys second Panattoni park

schedule 01 February 2023
Nathan North
deputy editor

Czech real estate investor Trigea nemovitostní fond has acquired City Logistics Wrocław II from Panattoni for an undisclosed sum.

ESG

Europę The structure of energy consumption

schedule 01 February 2023
Opr./edited by ANZ

The concentration of population in rural areas, lower construction standards and less service-driven economy contribute to the divergence between the CEE region and Western Europe' structure of energy consumption - reveals Colliers new report “The Journey Towards ESG Compliance 2022/2023”.

Office & mixed-use development

Romania Bucharest attracts with competitive rents

schedule 01 February 2023
Opr./edited by ANZ

Around 500,000 sqm of office spaces are unoccupied in Bucharest, reflecting a vacancy rate of 15.2 pct. 50 pct of the total vacant spaces can be found in buildings developed over 15 years ago, most of them requiring investments to attract new tenants.

Warehouse & industrial

Serbia Leasing surges for CTP in Serbia

schedule 01 February 2023
Opr./edited by ANZ

Serbia’s emergence as a manufacturing base with a skilled cost-effective labour force in close proximity to neighbouring EU markets, is driving a surge in leasings and built-to-suit developments across CTP’s four industrial and logistics parks in the country.

Eurobuild CEE

Karol Bartos (1980-2023)

schedule 01 February 2023
Eurobuild CEE

It is with great sadness that we learn of the death of Karol Bartos, one of the most well-known and distinguished personalities on the Polish real estate market, to which he has made an immense contribution down the years. To his family and friends we offer our deepest condolences.

Events

Poland Poland up for MIPIM awards

schedule 01 February 2023
Opr./edited by JC

MIPIM announces the finalists of the MIPIM Awards, a real estate competition for completed or yet to be built projects around the world. This year, two Polish projects have been nominated in a total of three categories.

Investment & finance

Poland Greenman takes over Newbridge

schedule 01 February 2023
Opr./edited by JC

Ireland-based Greenman Group, the parent company of grocery real estate investment fund manager Greenman Investments, has expanded into Poland with the acquisition of retail asset manager and developer Newbridge Poland.

Office & mixed-use development

Romania Egis moves to America House

schedule 31 January 2023
Opr./edited by ANZ

French engineering and construction group Egis has leased 1,100 sqm in America House in Bucharest. The Romanian branch of the company will move into its new headquarters in the summer of 2023.

Warehouse & industrial

POLAND Record-breaking year for 7R

schedule 31 January 2023
Opr./edited by ANZ

The total value of properties divested in 2022 by 7R totalled more than EUR 430 mln - a record for the Polish warehousing developer.

Warehouse & industrial

POLAND Raben 1st into Hillwood Częstochowa-Miasto

schedule 31 January 2023
Opr./edited by NN

Raben Logistics Polska has leased 5,100 sqm in Hillwood Częstochowa-Miasto, becoming the first tenant to lease space in the city warehousing park, which is under construction.

Warehouse & industrial

Czech Republic CTP Prague North bigger and greener

schedule 31 January 2023
Opr./edited by ANZ

CTP is nearing the completion of a new building at CTPark Prague North. The new warehouse, with the working name D8.7B, will offer 32,000 sqm upon its completion in March 2023.

Green projects

Romania Towards a sustainable future

schedule 31 January 2023
Opr./edited by ANZ

Globalworth received 47 various ESG related certifications for its Romanian portfolio in 2022, among them LEED, BREEM, WELL Health & Safety and Access4you accreditations.

Office & mixed-use development

Poland GTC blooms in Warsaw

schedule 30 January 2023
Opr./edited by JC

GTC closed the year by achieving a very high occupancy rate for its office buildings in Warsaw. Particularly important for GTC's result was a contract-laden end of the year. The company signed office leases from its Warsaw portfolio for nearly 20,000 sqm, 34 pct of all transactions were new tenants.

Property and Facility Management

Poland Face to face with Savills

schedule 30 January 2023
Opr./edited by ANZ

Business Campus, an office complex in Katowice with a combined area of close to 50,000 sqm, has a new property manager. Its owner, a joint venture of the Czech fund INVESTIKA realitní fond and Luxembourg-based private equity investor Bud Holdings, has entrusted real estate advisory firm Savills to provide property management for the complex.

Latest in Public buildings

schedule 20 September 2022

Largest stadium in Lithuania completed

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 become the largest and most modern in the country.

schedule 19 September 2022

Sekyra unblocks Rohan City with CZK 560 mln contribution

Sekyra Group has agreed with Prague’s authorities is to contribute CZK 560 mln to the development of a new school and park on Rohanský ostrov (Rohan Island). The agreement unblocks the developer’s Rohan City new district project, which began last year.

schedule 30 August 2022

Mostostal wins Szczecin castle contract

Mostostal Warszawa has been awarded a contract worth PLN 84.99 mln gross to renovate the Pomeranian Dukes' Castle [Zamek Książąt Pomorskich] in Szczecin, which will involve work on the terraces and the reconstruction of the northern wing.

schedule 12 July 2022

Warsaw Museum of Modern Art topped

The topping out ceremony has taken place for the Museum of Modern Art in Warsaw, on pl. Defilad in the city centre. Warbud is the general contractor of the project.

schedule 17 May 2022

Dobra 55 ready for students

The second stage of the University of Warsaw’s Dobra 55 building has been completed. The scientific and didactic building is the largest investment in the university’s long-term development programme, whose budget amounts to app. PLN 1 bln.

schedule 13 April 2022

Łódź stadium completed

Construction work on the ŁKS stadium in Łódź has been completed, with only the remaining finishing work left to do.

schedule 22 July 2021

Złota 44 sales hit record figures

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.

schedule 20 April 2021

Skanska to build archive in Nowy Sącz

Skanska has signed a deal with the National Archive in Kraków to build the country’s largest archive building in Nowy Sącz.

schedule 13 April 2021

Work soon to start on Warsaw Symphony hall

The Sinfonia Varsovia symphony orchestra has received the last of the design documentation for its new centre.

schedule 30 March 2021

Green P+R for Černý Most

A P+R car park for 880 vehicles is under construction in Černý Most (Prague 9).

schedule 05 February 2021

Hochtief wins PLN 172 mln contract for Kraków science centre

Hochtief Polska has been awarded a PLN 172 mln contract to build the new home of Małopolskie Centrum Nauki Cogiteon (the Cogiteon Małopolskie Science Centre) in Kraków.

schedule 02 February 2021

Building permit for Teatr Rozmaitości

A building permit has been issued for the Teatr Rozmaitości in Warsaw and work can begin on the building designed by New York architectural studio Thomas Phifer and Partners with PA Wojciechowski and Buro Happold.

schedule 20 January 2021

Erbud wins PLN 22.5 mln Mińsk Mazowiecki police HQ contract

Erbud has been awarded a PLN 22.5 mln net contract for the construction of the Mińsk Mazowiecki county police headquarters.

schedule 06 November 2020

Delta Holding bids EUR 17.5 mln for Sava Center

Delta Holding has submitted an offer in the latest public tender for the purchase of the Sava Center congress hall in Belgrade.

schedule 09 October 2020

BIM 5D used on Warsaw hospital

The Polish branch of Strabag together with Strabag subsidiary Ed. Züblinare to use BIM 5D [Building Information Modelling] to expand and modernise the Bielański Hospital in Warsaw in a contract worth app. EUR 27 mln.

schedule 05 October 2020

Invalidovna to be put back on its feet

The Czech National Heritage Institute (NPÚ) has unveiled its plans for the renovation of the Invalidovna building in Prague’s Karlín district.

schedule 08 September 2020

Eften enters residential rental market

Riga-based fund manager Eften Capital is to enter the residential rental market by establishing a new fund to invest in rental apartment buildings in Estonia, Latvia and Lithuania.

schedule 07 August 2020

Sava Centar on sale for EUR 27.42 mln

The City of Belgrade has put the Sava Centar congress hall up for auction with a starting price of EUR 27.42 mln.

schedule 07 August 2020

Corner House in Riga up for sale

VNĪ, the Latvian state real estate company, is putting up for sale Tetera House (or the Corner House) in Riga.

schedule 14 July 2020

Merko wins EUR 34 mln hospital contract

AS Merko Ehitus Eesti has been awarded an app, EUR 33.8 mln design and construction contract by the North Estonia Medical Centre Foundation for the third phase of its medical centre in Tallinn’s Mustamäe district.

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