News

Forty Management has announced that it is soon to begin work on its Central District Lagoon City hotel and mixed-use complex in Bucharest, while the launches of similar projects are pending in Prague and Budapest and that it is seeking a site for one in Warsaw.

CZECH REPUBLIC Panattoni fills Teplice South park

24 November 2022

Opr./edited by NN

The last remaining space in Panattoni Park Teplice South in the Czech Republic’s northern Ústí nad Labem Region has been taken up by Maersk, Raben and Exyte Technology – more than 23,000 sqm.

Investment & finance

CENTRAL EUROPE CPI set to merge S Immo into Immofinanz

Immofinanz has received approval from its supervisory board to enter into negotiations with its main shareholder CPI Property Group for the acquisition of a controlling stake in S Immo.

Poland C. Hartwig Gdynia expands in TriCity

C. Hartwig Gdynia, a Polish freight forwarding company of the global Rhenus Group, has expanded its lease to occupy a total of 16,100 sqm of warehouse and office space in the Pomeranian Logistics Centre.

Poland Panattoni grows in Silesia

Panattoni has purchased a site in Ruda Śląska, in the centre of the Silesian metropolitan area. The building permit acquired allows for the construction of a park with a total area of 65,000 sqm.

Romania Diehl Controls opens third European plant

CTP has secured German company Diehl Controls, a hi-tech manufacturer, as the first tenant of its new 50,000 sqm business park in Brașov in central Romania. Diehl’s plant will create 200 jobs initially, rising to over 600 by the end of 2027.

Investment & finance

ROMANIA CA Immo exits Romania with largest ever deal

Austrian real estate company CA Immo has announced its exit of the Romanian market as it finalises the sale of its seven-building office portfolio in Bucharest to local company Pavăl Holding, the owner of the Dedeman chain of DIY stores.

Romania New tenant in CTPark Timisoara Ghiroda

Kuchinox Polska has leased 4,000 sqm of A-class production hall with office space in the logistics park CTPark Timisoara Ghiroda in Romania.

Retail & leisure

Romania Strong retail market in Romania

Office & mixed-use development

Cushman & Wakefield Echinox, the exclusive affiliate of Cushman & Wakefield in Romania, has presented its study on different retail market segments activity in Romania. The cumulative turnover of the 6,000+ stores operated by large retailers increased by 20 pct, more than the inflation rate and the national consumption growth.

Serbia GTC X opens in Belgrade

Globe Trade Centre has brought into use its GTC X office building in Belgrade. The 17,700 sqm building is situated on Bulevar Milutina Milankovića in New Belgrade.

Investment & finance

Europe Increased sale and leaseback activity

Despite a slowdown in commercial real estate (CRE) markets, a tough macroeconomic backdrop and tighter lending conditions are set to make property an increasingly attractive means to raise capital, according to new research from Colliers. Corporates can explore a variety of methods to monetise real estate assets, with sale and leaseback emerging as one of the most attractive.

Poland DTW Logistics in Panattoni

Panattoni broadens its client base from the TSL sector. DTW Logistics has leased over 25,000 sqm in Panattoni Park Warsaw West and is to start using the space from April 2023.

Green projects

Poland Photovoltaics works for Warsaw Unit

Office & mixed-use development

Ghelamco has completed its first three photovoltaic farms as part of its programme to achieve energy neutrality, announced in May 2022. The installations, with a capacity of nearly 3 MW, were built in three locations in the Opole region.

Poland Ocean Office Park with a new tenant

SalesManago, a company creating e-commerce technology solutions, is set to become the single occupant of the new office building in Ocean Office Park in Krakow's Zabłocie district. The company expects to move into its new premises in August 2023.

Poland More space for solar systems

BayWa r.e., renewable energy services provider, has leased additional space at GLP Kraków Airport Logistics Centre, to support its rapidly expanding business in Poland. It will now occupy more than 14,000 sqm of industrial and office space.

Poland Accolade’s 7 years in Poland

18 November 2022

Office & mixed-use development

Accolade came to Poland seven years ago and currently owns 26 of the country’s 45 parks, both completed and under construction, spanning nearly 1.5 mln sqm

Poland Hotel and office complex to replace Atrium

18 November 2022

Strabag Real Estate has announced the launch of its Upper One development – an office and hotel complex at the junction of ul. Grzybowska and Jana Pawła II in Warsaw, which will replace the now defunct Atrium International office building.

Retail & leisure

POLAND NEPI buys Copernicus in Toruń

17 November 2022

Architecture and urban planning

NEPI Rockcastle has entered into a binding agreement to acquire the Atrium Copernicus shopping centre in Toruń.

POLAND Foster+Partners wins Solidarity Airport design gig

17 November 2022

London-based studio Foster+Partners in a consortium with Buro Happold has won the competition to design the Solidarity Airport near Grodzisk Mazowiecki.

CZECH REPUBLIC Panattoni to revitalise Kladno

17 November 2022