News

Investment & finance

Romania One pays back its bonds

schedule 16 March 2021

One United Properties has announced that it has paid back EUR 20 mln to recoup its 4-year bonds ten months before their maturity.

Office & mixed-use development

POLAND Brain Park on its way to Kraków

schedule 16 March 2021
Nathan North
managing editor (English section)

Echo Investment has started the construction of the 43,000 sqm Brain Park office complex in Kraków.

Office & mixed-use development

POLAND Top of K2 reached – in Gdynia

schedule 16 March 2021
Nathan North
managing editor (English section)

After reaching its maximum height of 25m, the topping out ceremony has taken place for the K2 office building, which is being developed by Vastint in Gdynia.

Warehouse & industrial

POLAND Panattoni to build Europe’s biggest TK Maxx depot

schedule 16 March 2021
Opr./edited by NN

Panattoni is to develop a 61,135 sqm distribution centre in Sulechów in western Poland for TJX Europe – the owner of the TK Maxx clothing and household goods chain.

Events

POLAND An invitation for tennis from APP-Projekt

schedule 15 March 2021
Eurobuild Conferences

“As a long-term partner of the Eurobuild tennis tournament, we are proud to continue with our cooperation in organising this year’s event, especially in such difficult times,” emphasises Jacek Korwin-Małaszyński, a member of the management board of APP-Projekt, the Main Sponsor of the 16th Annual Eurobuild CEE Tennis Tournament.

Events

POLAND Piotr Kuczyński – the opening act of our investment conference

schedule 15 March 2021
Eurobuild Conferences

On April 22nd, Eurobuild CEE will again play host to a dazzling array of leading real estate market experts. And to get us off to the best possible start, it will be opened with a lecture by outstanding economist and financial market analyst Piotr Kuczyński.

Investment & finance

CENTRAL EUROPE Immofinanz launches S Immo takeover bid

schedule 15 March 2021
Nathan North
managing editor (English section)

Immofinanz has announced a takeover bid for rival company S Immo, in the latest move in the labyrinthine game of thrones taking place between three of Austria’s real estate giants, all of which are also players in the CEE region.

Investment & finance

CEE REGION Cromwell completes EUR 113 mln Arete portfolio buy

schedule 15 March 2021
Nathan North
managing editor (English section)

Cromwell European REIT has completed its EUR 113.2 mln acquisition from Arete Group of the Arete Invest CEE II subfund’s entire industrial portfolio, which is located in the Czech Republic and Slovakia.

Retail & leisure

POLAND Netto seals Tesco Polska takeover deal

schedule 15 March 2021
Nathan North
managing editor (English section)

The Polish anti-trust body, The Office of Competition and Consumer Protection (UOKiK), has granted its approval to the takeover of Tesco Polska by Salling Group, the Danish owner of discount supermarket chain Netto.

Warehouse & industrial

POLAND Emka to move to 7R City Flex Warsaw Airport I

schedule 15 March 2021
Opr./edited by NN

Polish logistics provider Emka has leased 3,450 sqm of warehouse and office space in 7R City Flex Warsaw Airport I for its new headquarters.

Warehouse & industrial

POLAND Panattoni park for ID Logistics in Zgorzelec

schedule 15 March 2021
Nathan North
managing editor (English section)

Construction work is to start on Panattoni Park Zgorzelec on Poland’s southwestern border with Germany following the signing of the first tenant, ID Logistics.

Hotels

ROMANIA Ramada Bucharest Majestic in Swiss hands

schedule 12 March 2021
Nathan North
managing editor (English section)

Swiss company VisionApartments has bought the former Ramada Bucharest Majestic Hotel.

Investment & finance

POLAND South African REIT swoops for Bydgoszcz and Stargard parks

schedule 12 March 2021
Nathan North
managing editor (English section)

South Africa based Fortress REIT has acquired two logistics parks in Bydgoszcz and Stargard from Griffin Property Finance for an undisclosed sum.

Investment & finance

POLAND KGAL buys Villa Offices for EUR 87 mln

schedule 12 March 2021
Nathan North
managing editor (English section)

German asset manager KGAL has acquired the Villa Offices (Biura przy Willi) building of the Warsaw Brewery (Browary Warszawskie) complex from its developer Echo Investment for around EUR 86.7 mln.

Green projects

Poland Centrum Południe has the wind behind it

schedule 11 March 2021

Skanska’s Centrum Południe complex in Wroclaw is solely powered from renewable sources.

Investment & finance

Poland Façade market in good shape

schedule 11 March 2021

Manufacturers of façade materials were recorded revenues of just over PLN 3.6 bln in 2020, according to the ‘façades and façade materials in Poland 2021-2026’ report by consultancy Spectis

Warehouse & industrial

Europe Leasebacks become more popular

schedule 11 March 2021

Sale and leaseback transactions in Europe reached a total of EUR 8.4 bln in 2020, 8.5 pct higher than the five-year average, according to the latest figures from Savills.

Warehouse & industrial

POLAND InPost plant on its way in City Logistics Kraków Airport

schedule 11 March 2021
Nathan North
managing editor (English section)

Panattoni is to develop a facility for InPost for the production of Paczkomat parcel lockers as well as an R&D centre for the company in City Logistics Kraków Airport.

Warehouse & industrial

HUNGARY CTP launches park close to Budapest airport

schedule 11 March 2021
Opr./edited by NN

Czech-based industrial developer CTP has started the construction of an 80,000 sqm warehousing park in Vecsés near Budapest airport.

Hotels

POLAND Two Hampton by Hiltons to open in Poland

schedule 11 March 2021
Nathan North
managing editor (English section)

Two new Hampton by Hilton hotels are to open in Poland – in Bialystok and in Tarnowo Podgórne on Poznań’s north-western outskirts.

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