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Eurovegas ready to start

Hotels
HUNGARY Work is soon to start on the first phase of the EUR 5 bln Eurovegas casino on a 160 ha site at Bezenye near the Austrian and Slovak borders.
The Austrian environmental authorities have now given their approval for the continuation of the project In the first stage a 24-floor luxury hotel with 316 rooms is to be built within the next 18 months and is to include conference facilities for 4,000 peaple as well as a casino and a thermal spa. Already EUR 300 mln has been secured in financing. In future stages a shopping centre, an entertainment area as well residential and business complexes are eventually to be developed on a site of 336 ha. The investors behind the project, which include Hard Rock International as well as developers Asamer and Supersberger via a holding company called EuroVegas Hungary, first won a 20-year licence to operate a large casino on the site in 2006. (Source: ‘Napi Gazdasag’)

Latest news

Investment & finance

Czech Republic Rebalancing of prices is expected

schedule 26 February 2024
Opr./edited by ANZ

According to a survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts, active in commercial real estate, investment volumes in CEE-6 fell by around 52 pct to EUR 5.1 bln in 2023, reaching a ten-year low. Czech capital, however, retains strongest position in the region.

Warehouse & industrial

Poland Sweet deal for Eurologis

schedule 26 February 2024
Opr./edited by JC

Agart-Pro has extended its lease of nearly 1,800 sqm of warehouse and office space in Eurologis Logistics Centre. The complex is located 16 km from the centre of Wrocław.

Land acquisitions

Croataia Slovaks invest in Croatia

schedule 23 February 2024
Opr./edited by ANZ

Slovak investment fund Prvý realitný fond, through its company Logis Rugvica, has acquired a plot of land in the area of the village of Sveta Helena near Zagreb. This marks the fund's debut on the Croatian market.

Office & mixed-use development

Poland New tenants on the horizon

schedule 22 February 2024
Opr./edited by ANZ

Warsaw's Horizon office complex has gained four new tenants. In total, the companies will occupy almost 2,500 sqm of space in the facility.

Residential

Czech Republic New residential project in Prague's Vysočany

schedule 22 February 2024
Opr./edited by ANZ

Rezidence Klíčov, a current major SHD Real Estate residential project in Prague, is moving into the construction phase. The project located in Vysočany, Prague 9, is expected to be completed next year.

Eurobuild FM

Poland Special edition of Eurobuild FM – summaries and forecasts (ep. 16)

schedule 22 February 2024
Eurobuild CEE

Henryk Bilski, leasing director at Strabag Real Estate, talks about the difficult office market in Warsaw and the company's new projects in 2024, including its debut in the PRS sector. Welcome to the last episode of the special edition of Eurobuild FM!

Investment & finance

Poland Concept Tower changes hands

schedule 22 February 2024
Opr./edited by JC

CPI Property Group has sold Concept Tower, a 15-story office building in Warsaw's Wola district. The new owner is Wood & Company Real Estate Fund.

Warehouse & industrial

Poland Ideal Idea is growing in Wrocław

schedule 22 February 2024
Opr./edited by JC

Ideal Idea is commencing the construction of its fifth facility as part of the expansion of City Park Wrocław. The new 15,000 sqm building will increase the total space offered by the developer in Lower Silesian capital to 36,000 sqm.

Warehouse & industrial

Poland More light at CTPark Warsaw South

schedule 22 February 2024
Opr./edited by JC

CTP has expanded the Polish capital’s warehouse market by more than 67,000 sqm through the delivery of two new buildings at CTPark Warsaw South. This completion means the industrial and logistics complex in Mszczonów is now almost 90 pct complete.

Office & mixed-use development

Poland More companies choose Lixa E

schedule 22 February 2024
Opr./edited by JC

Aluprof and Unique Work have joined the tenant roster in the Lixa E building. The two companies occupy a total of nearly 625 sqm in the complex.

Office & mixed-use development

Poland EY has chosen Brain Park

schedule 21 February 2024
Opr./edited by ANZ

EY will move into new premises in Kraków. The company will occupy 2,000 sqm in the Brain Park office building. Echo Investment has thus completed the commercialisation of the first building of the office complex on Al. Pokoju.

Warehouse & industrial

Polska Panattoni Park Tricity East V has its first tenant

schedule 21 February 2024
Opr./edited by ANZ

Panattoni has handed over the first building in the Panattoni Park Tricity East V complex, near to the Port of Gdańsk. Regesta is to start operating in the building.

Eurobuild FM

Poland Special edition of Eurobuild FM – summaries and forecasts (ep. 15)

schedule 19 February 2024
Eurobuild CEE

In the penultimate episode of the special edition of Eurobuild FM, we have a short (!) and clear (!!) tax interpretation for you. Why things can only get better after the "Polish Deal", what new taxes await the real estate industry in 2024 and whether we should be afraid of KSEF (National E-invoice System) – these questions (and some others) were answered by Justyna Bauta-Szostak, tax and legal advisor, partner at MDDP.

Warehouse & industrial

Poland CTPark Weiden is full

schedule 19 February 2024
Opr./edited by JC

CTP has fully leased CTPark Weiden ahead of its completion. The latest tenant is Josef Witt, an international textile trading company based in Weiden.

Warehouse & industrial

Poland BauWatch debuts in Poland

schedule 19 February 2024
Opr./edited by JC

BauWatch has leased 1,650 sqm of warehouse and office space in Panattoni Park Pruszków VI. The company provides CCTV towers with cameras and smart software, and maintains certified monitoring centres.

Warehouse & industrial

Poland Panattoni in the spotlight

schedule 16 February 2024
Opr./edited by JC

The cornerstone has been laid for the construction of the new Trilux factory in Świdnik. The 23,000-square-meter plant, which meets BREEAM certification criteria, will be built by Panattoni.

Eurobuild FM

Poland Special edition of Eurobuild FM – summaries and forecasts (ep. 14)

schedule 15 February 2024
Eurobuild CEE

The special edition of Eurobuild FM is coming to an end, but we still have a large dose of expert knowledge for you – on our website and the Spotify platform. Today's speaker is Roman Skowroński, managing director of Peakside Capital Advisors.

Office & mixed-use development

Czech Republic PKV expands at CTP’s Vlněna complex

schedule 15 February 2024
Opr./edited by ANZ

CTP has signed a lease agreement with PKV Build, a leading player in energy consulting, for 3,000 sqm of new office space which is currently being built by CTP at its premium Vlněna office complex in Brno.

Office & mixed-use development

Poland Smaller offices, more amenities

schedule 15 February 2024
Opr./edited by JC

Although the office development pipeline in Poland’s eight largest regional city markets is clearly shrinking, it is still above that for Warsaw, says BNP Paribas Real Estate Poland in its report “At a Glance – Regional City Office Markets Q4 2023”.

Hotels

Czech Republic Accelerated recovery

schedule 15 February 2024
Opr./edited by ANZ

According to Cushman & Wakefield analysis, after a period when the Prague hotel market was lagging behind other European cities in terms of recovery from the impacts of the covid pandemics, all of its performance indicators increased significantly in 2023. The Prague hotel market proves its resilience and attractivity.

Latest in Hotels

schedule 15 February 2024

Accelerated recovery

According to Cushman & Wakefield analysis, after a period when the Prague hotel market was lagging behind other European cities in terms of recovery from the impacts of the covid pandemics, all of its performance indicators increased significantly in 2023. The Prague hotel market proves its resilience and attractivity.

schedule 05 February 2024

IHG's European debut

IHG Hotels & Resorts announced its first Holiday Inn & Suites property in Europe with the signing of Holiday Inn & Suites Budapest Centrale – part of its Holiday Inn Hotels & Resorts brand.

schedule 10 January 2024

The Luxury Collection will make its debut in Krakow

Marriott International and the Dobry Hotel Group have signed an agreement to create The Luxury Collection brand's first hotel in Krakow in the historic Lubomirski Palace building.

schedule 30 November 2023

The seventh Accor in Kraków

A new hotel is being built in Kraków. It will be the seventh facility of the AccorInvest/Orbis group in the capital of Malopolska under the Accor brand in the lifestyle segment. The hotel is scheduled to open in Q2 2025.

schedule 22 November 2023

Grand Budapest Hotel

Marriott Bonvoy's Autograph Collection Hotels brand is making its debut in Hungary with the opening of its first hotel in Budapest. The Dorothea Hotel is housed in three historic buildings and is named after Archduchess Dorothea, who contributed to the city's development in the 19th century.

schedule 15 November 2023

A luxurious hotel to be opened in Bucharest

One United Properties has signed a memorandum of understanding with Ennismore for opening Mondrian Bucharest, a highly exclusive lifestyle hotel in downtown Bucharest.

schedule 19 October 2023

Hilton to open Canopy in Warsaw

Canopy by Hilton Warsaw, the first lifestyle hotel of the Hilton chain in Poland, is to open in 2025 in the centre of the city.

schedule 13 October 2023

Tribe arises at Budapest Airport

Local developer Wing in cooperation with Budapest Ferenc Liszt Airport has begun the construction of the Tribe hotel at the airport.

schedule 04 September 2023

Hampton by Hilton debuts in Hungary

Hampton by Hilton Budapest City Centre, the country's first hotel under the Hampton by Hilton brand, has opened in Budapest.

schedule 25 August 2023

Rooms with a view

AC Hotels by Marriott, part of Marriott Bonvoy’s portfolio of 31 brands, has announced its brand debut in Croatia with the opening of AC Hotel by Marriott Split. The new hotel is housed on the high floors of the 135-metre-high Westgate Tower with spectacular views of the Adriatic Sea and Split’s unique cityscape.

schedule 21 August 2023

The top 5 hotel markets

In Cushman & Wakefield’s latest Hotel Operator Beat survey, Budapest was placed as the most attractive market in CEE, reaching 4.3 points on a 1–5 scale where 5 means very high interest. Prague is a little step down with 4.2 points, and Warsaw, Kraków and Bucharest complete the top 5 markets targeted by hotel operators.

schedule 08 August 2023

Ibis Styles checks in at Warsaw Airport

The opening has taken place of the Ibis Styles Warsaw Airport hotel, which is situated about 3.5 km from Fryderyk Chopin Airport in Warsaw.

schedule 27 July 2023

Marriott to open Cres hotel

Marriott International has signed an agreement with Valdarke to open an Autograph Collection resort on the isle of Cres in Croatia. The hotel will be the international brand's first on the island.

schedule 17 July 2023

Historic Braşov hotel sold for EUR 9.4 mln

Aro Palace, whose majority shareholder is investment fund Transilvania Investments, has sold the Coroana-Postăvaru Hotel in Braşov in central Romania to Elevate Properties for EUR 9.367 mln.

schedule 23 June 2023

Moxy makes Balkan debut

Moxy Belgrade has arrived in Serbia’s capital city. The 131 guestroom hotel features all-day dining venue Gastro Bar Park and Moxy’s signature 24/7 bar.

schedule 12 June 2023

Le Méridien makes a splash at Lake Balaton

Marriott International announced that it has signed an agreement with Balaport Investment to bring the Le Méridien brand to Hungary, which will also be the first Marriott International resort in the country.

schedule 05 May 2023

Moxy is heading to Budapest

Marriott International has signed an agreement with Forestay Group to debut the Moxy Hotels brand in Budapest, Hungary. Construction of Moxy Budapest Downtown is scheduled to begin this autumn, with the opening expected in 2025.

schedule 25 April 2023

Radisson RED to arrive in Belgrade

Radisson Hotel Group has announced the debut of its Radisson RED brand in Serbia with the signing of Radisson RED Belgrade, set to open later this year. Located just minutes from the capital’s historic centre, the hotel is the first Radisson RED branded facility to be operated by PPHE Hotel Group’s Croatian subsidiary Arena Hospitality Group.

schedule 18 April 2023

Five stars under the Wawel

The five-star 12-14 Stradom House hotel in Kraków is already welcoming its first guests. The property operates under the Autograph Collection brand, which is part of the Marriott International chain. Angel Poland Group is responsible for the development of the hotel. 

schedule 03 April 2023

JW Marriott on a volcanic island

JW Marriott is opening the JW Marriott Jeju Resort & Spa in Seogwipo, South Korea. The chain's new luxury hotel stands atop a cliff and offers views of the coastline of the volcanic island of Jeju, dubbed Korea's Hawaii.

Edition 1 (285) January 2024

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