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Czech Republic Atrium Flora managed by Cushman & Wakefield 

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

Built in 2003, the 20,000 sqm shopping centre is located at an important Prague transportation hub, directly above the Flora metro station. Last year saw a major refurbishment of the interior of the entire complex, including a generous extension of the food court. This year, the overall renovation should be completed.

The centre’s main tenants include Cinema City with IMAX, and brands such as Attrativo, Bushman, Butlers, Calzedonia, Ecco shoes, Flying Tiger, H&M, Intimissimi, Lindex, Manufaktura, Sizeer and Tatuum. The largest retail tenant is the Albert supermarket, whose store will undergo a major reconstruction in February and will reopen to customers at the end of the month.

The centre is part of a mixed-use project that also includes office space of 18,000 sqm. Office tenants include Marsh McLennan, Reckitt Benckiser and Scott Weber workspace, among others.

Atrium Flora is a great project in the very centre of the city, a place to answer its customers‘ everyday shopping and meeting needs. Extensive office space, easy parking in the area and desirable retail tenants make the project one of the best shopping centres in Prague. We very much appreciate the decision of the owner G City Europe to start cooperation with our company in its further management and commercial development. I am convinced that thanks to our long experience in this field, we will be able to use the potential of this complex project to the maximum.
Martin Šimek, Partner and Head of Retail Asset Services, Cushman & Wakefield

Latest news

Retail & leisure

Poland Glinianka is filling up

schedule 24 March 2023
Opr./edited by ANZ

Jysk, which took up around 1,300 sqm, and Piekarnia Cukiernia Grzybki bakery (around 170 sqm) are new tenants at the Glinianka retail park. The park is being built in the village of Łubna, near Warsaw, and will provide the Mazovian market with around 10,000 sqm of leasable space. 

Office & mixed-use development

Poland Intive flexible in Warsaw

schedule 24 March 2023
Opr./edited by ANZ

Intive global tech company has let 62 workstations in the flexible Myhive offices belonging to CPI Property Group.

Eurobuild FM

Warsaw - Cannes Big business under the palm trees (ep. 6)

schedule 23 March 2023
Eurobuild CEE

A huge bombshell for the finale of the Cannes podcast – as many as FIVE of the top experts in the last episode of the series! Some famous names and also some less well-known to us are now poised to enter the Polish market! And you can listen to them here!

Office & mixed-use development

Poland Vibe comes out of the ground

schedule 23 March 2023
Opr./edited by ANZ

The Vibe office building is climbing up. The underground structure of the edifice has been completed. Ghelamco's latest investment is expected to be ready in the first quarter of 2024.

Investment & finance

Czech Republic Strong CTP in the Czech Republic

schedule 23 March 2023
Opr./edited by ANZ

2022 was a successful year for the property developer CTP. The company, operating in 10 European countries, has successfully managed to deal with the impact of global events on the European market. In 2022, the portfolio area in the Czech Republic was expanded by 300,000 sqm, bringing the total area to 3.8 mln sqm. Rental income increased by 13 pct year-on-year to EUR 230.3 mln. At present, CTP is the largest player in the Czech industrial-logistics property market with a 28 pct share.

Investment & finance

Romania New hotel brand in Bucharest

schedule 23 March 2023
Opr./edited by ANZ

Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna, acquired the K+K Elisabeta hotel located in the Bucharest city centre, and they will relaunch it under the newly established Peakture hotel brand.

Residential

Poland PRS with ambitious plans

schedule 23 March 2023
Opr./edited by JC

According to the latest Avison Young report, at the end of 2022, there were over 9.4 thousand units in the pool of apartments for institutional rent in Poland, and another 13 thousand flats were under construction. The prolonging conflict in Ukraine and the significantly reduced credit scores increase the demand for renting apartments and thus, affect the development of the PRS market in Poland.

Warehouse & industrial

Romania Sun Wave Pharma in CTPark Bucharest South

schedule 22 March 2023
Opr./edited by ANZ

CTP has leased an area of 2,800 sqm to the food supplements manufacturer Sun Wave Pharma in the industrial park CTPark Bucharest South, located in the south of Bucharest, in the Popești - Leordeni area. From here, the products of the company will be delivered to both Romania and Bulgaria, with the warehouse acting as a regional hub.

Office & mixed-use development

Poland Demand is strong, but renting expensive

schedule 22 March 2023
Opr./edited by ANZ

The scale of office investments carried out in Poland today is much smaller than in previous years, while the demand for space is still high, according to consultants from Walter Herz.

Office & mixed-use development

Poland Three flexible floors

schedule 22 March 2023
Opr./edited by ANZ

Flexible office space operator CitySpace will open its first Łódź venue in the Fuzja complex. It will offer 301 workstations and three meeting rooms. CitySpace Fusion is scheduled to open in May 2023.

Warehouse & industrial

Poland Another tailored facility for DHL

schedule 22 March 2023
Opr./edited by ANZ

Panattoni has completed a new build-to-own development for DHL Parcel, a division of a global logistics company. DHL acquired a cross-docking centre with area of almost 9,000 sqm late last year. The development in Kostrzyn is yet another built to suit complex constructed by Panattoni for the DHL group and yet another in the Wielkopolska region.

Green projects

Poland Platinium P180

schedule 22 March 2023
Opr./edited by ANZ

Energy consumption reduced by almost 48 pct, almost 4 mln litres of water saved in a year and CO2 emissions reduced by more than 3,900 tonnes - these are the savings generated by the Warsaw P180 office building, developed by Skanska in Warsaw by the Wilanowska metro station. The investment has just received LEED Core & Shell certification at the Platinum level.

Warehouse & industrial

Romania Alaska Energies in VGP Park Bucharest North

schedule 21 March 2023
Opr./edited by ANZ

VGP, a European owner, manager and developer of logistics and semi-industrial real estate, has leased over 8,000 sqm of space in VGP Park Bucharest North to Alaska Energies.

Warehouse & industrial

Poland City Point Targówek is filling up

schedule 21 March 2023
Opr./edited by ANZ

Peakside Capital has signed a lease agreement with courier company DPD Polska for 7,000 sqm of cross-dock space at the City Point Targówek park in Warsaw. The complex is currently being completely redeveloped. It will ultimately provide nearly 100,000 sqm of commercial space. DPD Polska will move into the completed facility later this year.

Office & mixed-use development

Poland From printing plant to park

schedule 21 March 2023
Opr./edited by ANZ

Echo Investment and AFI Europe have unveiled their latest concept for the Towarowa 22 city-forming development in Warsaw. Offices, residential units for sale and rent, commercial premises and an extensive park are to be built on the 6.5 ha plot.

Office & mixed-use development

Hungary Hungarian startup moves to Krausz Palota

schedule 21 March 2023
Opr./edited by JC

In the third quarter of 2023, Craft Docs will occupy its brand-new office on the third floor of Krausz Palota for over 1,000 sqm. Online documentation and efficiency solutions company will be the building's first tenant following its comprehensive 2-year renovation.

Eurobuild FM

Warsaw - Cannes Big business under the palm trees (ep. 5)

schedule 21 March 2023
Eurobuild CEE

We invite you to the next, penultimate episode of a special series of podcasts from Cannes! Today, Polish experts will answer e.g. to a seemingly simple question: is it worth investing in Poland and why is it the best destination.

Warehouse & industrial

POLAND Mainfreight moves to Panattoni Sosnowiec III

schedule 21 March 2023
Opr./edited by NN

New Zealand-based logistics provider Mainfreight has leased 2,540 sqm of warehouse and office space in Panattoni Park Sosnowiec III.

Warehouse & industrial

ROMANIA Dutch cheese from Transylvania

schedule 21 March 2023
Opr./edited by NN

Dutch multinational dairy cooperative FrieslandCampina is consolidating its Romanian operations in Mureș City Logistics in Transylvania, which is being developed by Global Vision in partnership with Globalworth.

Office & mixed-use development

POLAND SAP fills gap in Varso Tower

schedule 21 March 2023
Nathan North
deputy editor

The Polish branch of German software developer SAP is to move into the 11th floor of the Varso Tower building in central Warsaw, where it will occupy almost 1,400 sqm.

Latest in Property and Facility Management

schedule 15 March 2023

Tattersall Lorenz to manage the Sony Center

Tattersall Lorenz has been chosen by Oxford Properties and Norges Bank Investment Management (NBIM) to undertake the technical and commercial property management as well as accounting of the Sony Center at Potsdamer Platz in Berlin.

schedule 02 March 2023

200 residential units under Talyo’s management

Talyo Property Services commenced the property management of the 'roomments.apartmenthouse' in Stuttgart. The cooperation started last month and covers commercial and technical property management as well as letting and warranty management of the property completed in 2019.

schedule 15 February 2023

Tattersall Lorenz’s first mandate from GLP Germany

Tattersall Lorenz will take over both the technical and commercial property management for a GLP Germany portfolio of 46 properties commencing April 1, 2023.

schedule 13 February 2023

Cushman & Wakefield manages for Adventum

Cushman & Wakefield has taken over the management of a portfolio of three shopping centres and one retail park acquired from Tesco last year by the Hungarian Adventum Group.

schedule 03 February 2023

Atrium Flora managed by Cushman & Wakefield 

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

schedule 30 January 2023

Face to face with Savills

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.

schedule 08 December 2022

Colliers selected as PM for Łużycka offices

Colliers has been appointed property manager of four buildings of Łużycka Office Park and also of Łużycka Plus in Gdynia, which were recently acquired by a joint venture between Czech-based Investika realitní fond and Luxembourg-registered Bud Holdings.

schedule 07 December 2022

MVGM stays on as PM for Pro Portfolio

MVGM has signed an extension to its property management contract for the retail and service space in five office buildings in Poland owned by PineBridge Benson Elliot and Sharow Capital.

schedule 29 November 2022

Inclusion, not charity

Colliers has joined forces with Hungarian-based accessibility certification company Access4you in the Czech Republic. The two companies will assist people with special needs and disabilities to integrate themselves better into daily business life regardless of the type of work environment.

schedule 31 October 2022

Central mall management for Multi

Following a tender, Allianz Real Estate has appointed Multi Corporation to be the property and asset manager for the Central shopping centre in Bratislava.

schedule 05 October 2022

Apleona takes over FM Solutions

German facility management specialist Apleona has acquired Polish counterpart FM Solutions. The terms of the deal have not been disclosed.

schedule 04 October 2022

Savills acquires Knight Frank's PM business

Savills has acquired Knight Frank’s commercial property and asset management team in Poland. Under the agreement, 35 employees have joined Savills while its Polish PM portfolio has surpassed 1.2 mln sqm.

schedule 12 August 2022

CPI to manage Immofinanz portfolio

CPI Property Group is to provide asset management services across the region to Immofinanz, following its recent acquisition of a controlling stake in the latter company.

schedule 03 August 2022

Savills to manage Widok Towers

Savills has been appointed as property manager for Widok Towers in Warsaw city centre.

schedule 25 July 2022

Colliers to manage Stena buildings

Colliers has been commissioned to manage two Polish office buildings owned by Stena Fastigheter – the first stage of Centrum Południe in Wrocław and the third stage of High5ive in Kraków.

schedule 30 June 2022

C&W chosen for Astrum

Wood & Company has appointed Cushman & Wakefield as the property manager of its Astrum Business Park in Warsaw’s Włochy district, which the company has recently added to its portfolio.

schedule 21 June 2022

MVGM takes on Nowy Rynek building D

MVGM has taken over the property management of the Nowy Rynek D building in Poznań, which is owned by Eastnine AB.

schedule 13 May 2022

Savills to take care of Sky Tower

Savills has been appointed as the property manager for Sky Tower in Wrocław, which was acquired by Adventum Group in March. The consultancy previously acted as the advisor for the acquisition of the property.

schedule 12 May 2022

CBRE IM chooses C&W for Nexus

Cushman & Wakefield has been appointed by CBRE Investment Management to be the property manager of its Nexus portfolio of eight logistics centres across Poland.

schedule 09 May 2022

Catella takes in WPP in Polish debut

Swedish property investment and fund manager Catella has entered Poland through the majority acquisition of Warsaw Property Partners.

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