News

Hungarian hospitality hit badly by pandemic

schedule 09 May 2020
Nathan North
managing editor

HUNGARY The number of nights spent by foreign guests in Hungarian hotels and other commercial board slumped by 68 pct y-o-y in March, chiefly due to the pandemic, according to the latest figures from the Hungarian Central Statistical Office (KSH).

Mirbud inks Ełk contract

schedule 09 May 2020
Nathan North
managing editor

POLAND Mirbud’s contract has been finalised for the construction of a Bi1 grocery hypermarket and petrol station next to the Karuzela shopping centre in Ełk in northeastern Poland.

Office & mixed-use development

Two towers of two-hundred metres

schedule 09 May 2020
Tomasz Szpyt-Grzegórski

POLAND In the next few weeks two developments under construction in central Warsaw are set to surpass 200m in height.

Retail & leisure

Reopening and renaming for Factory Gliwice

schedule 09 May 2020
Nathan North
managing editor

POLAND The Silesia Outlet centre has been reopened and renamed Factory Gliwice.

Office & mixed-use development

Warsaw offices set to regain equilibrium – C&W

schedule 07 May 2020
Nathan North
managing editor

POLAND The investment volume for Warsaw offices rose by 44 pct y-o-y to EUR 438.6 mln in the first quarter, according to Cushman & Wakefield’s Q1 figures for the city’s office market. The consultancy also insists that fears of over-supply in the wake of the pandemic are unfounded and that the market should soon be able to re-balance itself.

Warehouse & industrial

Terg turns to Prologis in Poznań

schedule 07 May 2020
Nathan North
managing editor

POLAND Terg, the Polish owner of consumer electronics retail chain Media Expert, has leased 1,800 sqm of warehouse, office and social space in Prologis Park Poznań III.

Coronavirus

Panattoni to provide PLN 0.5 bln worth of medical supplies

schedule 07 May 2020
Nathan North
managing editor

POLAND Warehouse developer Panattoni has allocated PLN 500,000 to buy medical supplies for three Polish hospitals.

Metso takes out EUR 100 mln loan

schedule 07 May 2020
Nathan North
managing editor

EUROPE Finnish industrial equipment supply company Metso Corporation has been granted a EUR 100 mln, two-year term loan from Nordea Bank, to help prepare for the impact of the Covid-19 pandemic on its business. The loan is expected to be drawn soon.

Warehouse & industrial

Uniq lease for MLP Pruszków II

schedule 07 May 2020
Nathan North
managing editor

POLAND Polish logistics company Uniq Logistic has leased more than 5,700 sqm in MLP Pruszków II on Warsaw’s western outskirts.

Property and Facility Management

Colliers takes on two of High5ive

schedule 07 May 2020
Nathan North
managing editor

POLAND Colliers International has taken over the management of two new buildings in the High5ive office complex in Kraków.

Investment & finance

Three buildings sold by Penta in 2020

schedule 07 May 2020
Nathan North
managing editor

SLOVAKIA/POLAND Slovakian developer Penta Real Estate has closed the sale of three office buildings since the beginning of the year.

Investment & finance

Atrium “weathering the storm”

schedule 07 May 2020
Nathan North
managing editor

CEE REGION Atrium European Real Estate has reported a 21.4 pp fall in net rental income for Q1 2020.

Retail & leisure

PRCH pleads for return of Sunday trading

schedule 06 May 2020
Nathan North
managing editor

POLAND The Polish Council of Shopping Centres (PRCH) has appealed to the Polish government to raise the ban on Sunday trading and to redeem and cancel 2020/21 property and shopping centre taxes payment to allow the retail sector to recover from the Covid-19 lockdown.

Human resources

Back to a brave new office - JLL

schedule 06 May 2020
Nathan North
managing editor

POLAND/WORLD As employers prepare to allow their staff to return to their offices, a recent study by JLL points out that the process will have to be done gradually and certain safeguards and revised practices will have to be in place.

Construction

Generation Park Y reaches highest point

schedule 06 May 2020
Nathan North
managing editor

POLAND Construction work has been completed on the structure of Generation Park Y in Warsaw, which forms part of Skanska’s Generation Park complex in the city’s Wola-Centrum district.

Property and Facility Management

C&W to manage Warsaw Hub

schedule 06 May 2020
Nathan North
managing editor

POLAND Cushman & Wakefield has been chosen to manage The Warsaw Hub complex in Warsaw, where the company will also be occupying 2,500 sqm office space.

Office & mixed-use development

MVGM to move to MyHive Crown Point

schedule 06 May 2020
Nathan North
managing editor

POLAND Property management specialists MVGM will be moving into 1,000 sqm of the MyHive Crown Point building in Warsaw next year.

Czech industrial demand down – but worse to come?

schedule 06 May 2020
Nathan North
managing editor

CZECH REPUBLIC The net take-up for Czech industrial properties in Q1 2020 was significantly down at 93,600 sqm – a decrease of 63 pct both q-o-q and y-o-y, according to the latest figures published by Industrial Research Forum.

Warehouse & industrial

GFL expands main Błonie warehouse

schedule 05 May 2020
Nathan North
managing editor

POLAND Green Factory Logistics is investing in a new warehouse for handling slope processes in Błonie, about 30 km west of Warsaw city centre.

130,000 sqm of offices on its way in Bratislava

schedule 05 May 2020
Nathan North
managing editor

SLOVAKIA In the first quarter of the year, the total office stock of A and B class office buildings in Bratislava remained unchanged at around 1.83 mln, according to the Bratislava Research Forum. However, ten buildings scheduled for completion in 2020 or 2021 are under construction in the city. These projects would are set to add app. 130,000 sqm of office space to the Bratislava market.

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