PL

ROMANIA Prime Kapital launches EUR 330 mln Cluj project

Office & mixed-use development
US real estate investor Prime Kapital has announced that it is to develop a large-scale urban regeneration project on a brownfield site in Cluj-Napoca in northwest Romania.

The 17.1 ha industrial site close to the city centre is to be redeveloped into a multifunctional complex in an investment of more than EUR 330 mln.

It will feature a 73,300 sqm gla shopping centre, 1,461 apartments (113,500 sqm gsa) and 49,200 sqm gla of offices.

The project will also include a contribution to the local authorities’ plans for the development of the city’s infrastructure.

Prime Kapital’s local investment partner is MAS REI, which has a 40 pct holding in the project.

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 Office & mixed-use development

schedule 01 February 2023

OmniOffice to open in Warsaw Unit

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

schedule 01 February 2023

Bucharest attracts with competitive rents

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.

schedule 31 January 2023

Egis moves to America House

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.

schedule 30 January 2023

GTC blooms in Warsaw

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.

schedule 30 January 2023

PINK’s data on the regional office market

Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing office market in major regional markets in Poland for Q4 2022. The data is sourced from advisory companies BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on existing modern office stock, new completions, take-up volumes and vacancy rates.

schedule 30 January 2023

At work by the lake

Three new tenants are moving into Malta Office Park, a Poznań office complex located by the Malta Lake. The total area covered by the contracts is nearly 750 sqm of A-class office space. 

schedule 27 January 2023

Interest and optimisation

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.

schedule 26 January 2023

Orbico drinks in H2Offices

Logistics provider Orbico Hungary has leased 1,253 sqm of office space in the first phase of H2Offices complex in Budapest.

schedule 24 January 2023

Aterima at home in B4B

Senior and disabled persons home care provider Aterima Group has prolonged and extended its lease in Bonarka for Business in Kraków.

schedule 24 January 2023

Schneider Electric still buzzing in Park Rozwoju

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.

schedule 23 January 2023

FutureMeds aims for Infinity

Clinical trials specialist FutureMeds has leased 1,100 sqm in the Infinity office building in Wrocław.

schedule 23 January 2023

Location specialist locates in Globalworth Campus

Geographic information system (GIS) software specialist ESRI Romania has signed a five-and-a-half year lease for 540 sqm in Globalworth Campus in Bucharest.

schedule 20 January 2023

A state-of-the-art high-street palace

The renovation of the Krausz Palace is near completion. The modernized 130-year-old classical building is now being relaunched as a state-of-the-art high-street retail and office asset, within one of the most attractive districts of Budapest.

schedule 20 January 2023

PINK takes a look at the office market

PINK has published figures on office market in Warsaw for Q4 2022. The data includes information on modern office stock, new completions, take-up volumes and vacancy rates.

schedule 19 January 2023

Flex relies on ESG and technology

In a difficult and unpredictable economic climate, flexible spaces are gaining in importance, the experts at New Work point out in their report. ESG issues are also playing a growing role in this sector.

schedule 18 January 2023

Farewell Atrium, hello Upper One

Strabag Real Estate is starting the demolition process for Atrium International in central Warsaw. The 1990s office building is to be replaced by the Upper One office and hotel complex

schedule 16 January 2023

Vaillant breezes into .KTW

German ventilation systems producer Vaillant Group is to open its second office in Poland in the .KTW office complex in Katowice.

schedule 16 January 2023

Outstanding America House

America House, located in the heart of Bucharest CBD, is the first Class A office building in the city to obtain Outstanding rating according to BREEAM In-Use certification. EUR 10 mln have been invested in the building.

schedule 12 January 2023

Green light for Old Slaughterhouse offices

Vastint has received permission to renovate the first three buildings in the historic Old Slaughterhouse complex in Poznań. They will be restored and converted into office buildings. The revitalisation plan for the rest of the Old Slaughterhouse is currently the subject of public consultation.

schedule 12 January 2023

Accenture rides the wave

Accenture, a consulting company, will open its office in the Wave commercial building in Gdańsk. The new tenant will occupy approximately 1,000 sqm of space equipped with pro-environmental and innovative solutions, which have undergone additional LEED Interior Design certification.

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