PL

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

Warehouse & industrial

Croatia Studenac has grown up

schedule 18 June 2024
Opr./edited by JC

Studenac, a Croatian food retailer, is going to build a new distribution center near the country’s capital Zagreb that will open in 2025. The investment in Velika Gorica will cover 36,000 sqm.

Material partner

Croatia Exclusive Auction: Unique Investment Opportunity in Istria

schedule 12 June 2024
Eurobuild CEE

Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This property, covering 1,603,903 sqm, is ideal for a mixed-use resort development near Vodnjan, a charming town in Istria, Croatia's top tourist region. The site is just a 15-minute drive from the seafront

Warehouse & industrial

Germany No vacancies by the Rhine

schedule 18 June 2024
Opr./edited by JC

Garbe Industrial Real Estate has newly leased an existing property in the Port of Duisburg, Germany. The Worms-based logistics specialists TST will move in.

Investment & finance

Poland CTPark Warsaw West will be bigger

schedule 18 June 2024
Opr./edited by ANZ

CTP has purchased an 85,000 sqm investment plot in the Wiskitki municipality near Warsaw. The purchase of the land will allow the company to expand the CTPark Warsaw West complex by an additional 36,000 sqm.

Eurobuild FM

Europe Michael Polzer on the European housing market

schedule 18 June 2024
Eurobuild CEE

In the hot episode of Eurobuild FM, Michael Polzer, CEO of RE/Max Europe, comments on the condition of the housing sector, the biggest challenges it faces, and its prospects.

Office & mixed-use development

Romania Two new tenants for America House

schedule 18 June 2024
Opr./edited by JC

America House has added two financial services companies – VSR and Ebury – to its tenant mix. Together, they have leased a combined 1,500 sqm of office space.

Warehouse & industrial

Romania Linia Projects has moved to Chitila

schedule 17 June 2024
Opr./edited by JC

Linia Wood&Metal company opens Linia Projects in a new 6,700 sqm leased space in Chitila Logistics Hub. The project has been developed by Global Vision in partnership with Globalworth.

Warehouse & industrial

Germany Panattoni Park Cologne II kicks off

schedule 17 June 2024
Opr./edited by JC

Panattoni Germany rang in the conversion of the former Ford site in Cologne-Niehl with a successful demolition party. After dismantling the building, a logistics and industrial property with around 35,000 sqm of usable surface area will be built in the coming months.

Investment & finance

Poland Liberty Residence with a new owner

schedule 17 June 2024
Opr./edited by JC

Resi Capital has acquired a plot of land at the junction of Grzybowska and Żelazna Streets in Warsaw. According to the preliminary concept presented, Liberty Residence is to be a high-rise project and will deliver around 500 flats.

Investment & finance

Poland Panattoni has financing for another park

schedule 17 June 2024
Opr./edited by JC

Panattoni has been granted bank financing for Panattoni Park Zgierz. The EUR 23.3 mln loan was issued by PKO Bank Polski.

Investment & finance

Poland Immofinanz sells Warsaw office complex to Echo

schedule 14 June 2024
Opr./edited by ANZ

Immofinanz has finalised the sale of the three Empark office buildings in Warsaw's Mokotów district to Archicom for EUR 28.5 mln. 

Office & mixed-use development

Hungary Colossyan moves into Academia

schedule 14 June 2024
Opr./edited by ANZ

Colossyan, a startup developing an AI-based video generation platform, has signed a lease agreement for 1,000 sqm offices at Academia Offices in Budapest.

ESG

Poland A new foundation on the map of Polish philanthropy

schedule 14 June 2024
Opr./edited by ANZ

Polish businessman, investor and philanthropist, Robert Dobrzycki, has set up a new charity. The mission of the Robert Dobrzycki Foundation is to help shape the development of society and promote Poland and Polish business on the world stage.

Eurobuild CEE

Poland The June issue of 'Eurobuild' is now out!

schedule 13 June 2024
Eurobuild CEE

The final issue of the magazine before the summer holidays has just hit the shelves and the internet! On its pages you can read all about unconventional ways to conquer the warehouse business, methods to improve your professional status in hard times, as well as the Ukrainian real estate market, where properties are still being built, sold and rented despite the continued bombing of the country.

Warehouse & industrial

Poland PGD chooses Waimea Airport Logistics Park Szczecin-Goleniów

schedule 13 June 2024
Opr./edited by ANZ

PGD, a distributor of products for bakeries, confectioneries and ice-cream parlours, has occupied app. 2,000 sqm production and warehouse space with social facilities in the Waimea Airport Logistics Park Szczecin-Goleniów investment.

Retail & leisure

Romania Froo Froo! Żabka Group starts operations in Romania

schedule 13 June 2024
Opr./edited by ANZ

The Żabka Group has opened its first shops in Romania. Over the past month, five outlets under the Froo banner have opened in Bucharest.

Warehouse & industrial

Poland The biggest warehouse lease of the year

schedule 13 June 2024
Opr./edited by JC

Prime Logistics Wrocław and logistics service provider LX Pantos has signed a lease for 100,000 sqm. This marks the largest warehouse transaction in Poland this year.

Residential

Romania Low-rise buildings, high standards

schedule 13 June 2024
Opr./edited by JC

Construction works begin on the new Bellemonde residential complex in Bucharest. The project will cover a land area of over 41,000 sqm and will feature 93 villas and 71 apartments.

Office & mixed-use development

Poland Hanza Tower gets flexible

schedule 12 June 2024
Opr./edited by JC

International Workplace Group, a global provider of hybrid working solutions with brands including Spaces and Regus, is opening a flexible workspace in Szczecin. It's the company's 30th location in Poland.

Warehouse & industrial

Romania HelpShip expands in Oradea

schedule 12 June 2024
Opr./edited by JC

CTP has leased 12,500 sqm of warehouse space at CTPark Oradea Cargo Terminal to HelpShip, an e-fulfillment and logistics solutions provider, part of euShipments.com's group and logistics network. 

Latest in Hotels

schedule 22 May 2024

Skybar opens in Budapest

Cloud IX, Budapest’s latest panoramic skybar, has been opened in the ibis & Tribe Budapest Stadium Hotel in the WING Liberty building. Opened last December in Budapest’s District IX, the hotel complex boasts a total of 332 rooms and a wide range of services.

schedule 17 April 2024

IHG doubles in Germany

IHG Hotels & Resorts and Novum Hospitality announced a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almost 100 cities through Holiday Inn – the niu brand collaboration and European debuts for IHG’s Garner and Candlewood Suites.

schedule 03 April 2024

CPI sells stake in hotel portfolio

CPI Property Group has sold a 50 pct stake in a subsidiary that owns eight hotel properties in the Czech Republic to Bratislava-based Best Hotel Properties (BHP), with whom it has also signed a JV agreement for the continued management of the hotels.

schedule 08 March 2024

The first in Southeast Europe

Radisson RED Belgrade has opened its doors as a new upscale lifestyle hotel, marking the debut of the Radisson RED brand in Southeast Europe.

schedule 27 February 2024

Bucharest hotel market rebounds

The hotel market in Bucharest has experienced a moderate annual average growth in new offerings, at 0.9 pct between 2019 and 2023. This modest trend was primarily influenced by the cancellation of Urban Zoning Plans. Between 2024 and 2025, an estimated average annual growth rate of 4.1 pct in the number of rooms is expected, according to data from the real estate consulting company Cushman & Wakefield.

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.

Edition 6 (289) June 2024

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