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Residential

Poland Ronson prepares for the market rebound

schedule 14 November 2022
Opr./edited by ANZ

Ronson Development published its Q1-3 2022 financial report. Company’s total revenue amounted to PLN 199.4 mln, vs. PLN 349.4 mln in Q1-3 2021. The revenue decreased by PLN 150 mln, which is primarily explained by lower number of units delivered.

Residential

Hungary Cordia’s new housing projects in Budapest

schedule 10 November 2022
Opr./edited by ANZ

Cordia, Hungary's leading residential property developer, is adding more than 500 homes to its supply in three developments. This autumn, the company puts up more than 500 apartments for sale in the Hungarian capital’s most popular green belt and city centre locations. The new buildings’ energy ratings will be AA, meaning that their energy consumption is extremely low.

Office & mixed-use development

Hungary Platinum for Budapest One

schedule 10 November 2022
Opr./edited by ANZ

The first phase of Budapest One, located at Őrmező, the largest multimodal transport hub in Hungary, has received WELL Platinum certification. The office building is the first in Hungary to meet the highest requirements of the International Well Building Institute (IWBI). 

Investment & finance

Europę PBSA market sets records

schedule 10 November 2022
Opr./edited by ANZ

According to Savills, the total investment volume for Purpose Built Student Accommodation (PBSA) in Europe reached 11.7 billion euro in the first three quarters of 2022, a 130 pct increase on the same period in 2021 and a record high.

Office & mixed-use development

POLAND Colliers to manage Tensor

schedule 10 November 2022
Opr./edited by ANZ

Colliers has taken over the management of the Tensor office complex in Gdynia, which belongs to a partnership between Czech open-ended real estate fund Investika and Luxembourg private equity investor Bud Holdings. Colliers' regional office will also support the owner in the commercialisation of the property.

Retail & leisure

New Premium Parks to be built

schedule 10 November 2022
Opr./edited by ANZ

The Fortis Group, which is developing retail parks under the Premium Park brand, is currently planning the construction of five more facilities. Shopping centres in the smaller and smaller Polish towns remain of interest to developers, tenants and international investors. 

Office & mixed-use development

EUROPE CTP Q3 2022 trading update

schedule 09 November 2022
Opr./edited by ANZ

CTP reports strong like-for-like rental growth of 4.3 pct and occupancy improvement – while expanding its portfolio to 9.9 million sqm and realising a yield-on-cost of above 10 pct. 

Warehouse & industrial

Poland A new place for old batteries

schedule 09 November 2022
Opr./edited by JC

Commercecon has completed the construction of a plant for SungEel Hitech Poland. Battery recycling for the automotive industry will start soon in Bukowice, Lower Silesia.

Warehouse & industrial

Poland Cosentino Poland moves to Poznań

schedule 09 November 2022
Opr./edited by ANZ

A global provider of interior design products is joining MLP Poznań West as a new tenant. Cosentino Poland will occupy a total of over 4,100 sqm of modern space that will also include a showroom. The facility is slated for handover in early 2023. 

Warehouse & industrial

Poland 7R Park Goleniów II in new hands

schedule 09 November 2022
Opr./edited by ANZ

7R has completed the sale of 7R Park Goleniów II to Macquarie Asset Management. The BTS format warehouse, which is under development in Goleniów near Szczecin, comprises 62,500 sqm of modern logistics space and 3,100 sqm of office space. It is fully leased to German e-commerce company Fiege. 

Warehouse & industrial

Poland An ever-increasing Kraków Airport Logistics Centre

schedule 09 November 2022
Opr./edited by ANZ

Construction of the last hall at GLP Kraków Airport Logistics Centre is underway. Cummins will be the main user of the new facility, which is being constructed within the GLP logistics park in Modlniczka near Kraków. The building is expected to be ready next spring.

Warehouse & industrial

Poland Hart Logistics enters Panattoni Park Pruszków V

schedule 09 November 2022
Opr./edited by JC

Panattoni has signed another contract with a logistics operator. Hart Logistics has started using warehouse space in Panattoni Park Pruszków V a month after signing its lease agreement.

Office & mixed-use development

ROMANIA Prime Kapital launches EUR 330 mln Cluj project

schedule 08 November 2022
Opr./edited by NN

US real estate investor Prime Kapital has announced that it is to develop a large-scale urban regeneration project on a brownfield site in Cluj-Napoca in northwest Romania.

Warehouse & industrial

SLOVAKIA Extra 10k for BMW at Prologis Bratislava

schedule 08 November 2022
Nathan North
deputy editor

Prologis is to develop a new 10,000 sqm building for BMW at Prologis Park Bratislava, where the German automotive group is an existing tenant.

Retail & leisure

POLAND Galeria Plaza demolition begins

schedule 08 November 2022
Opr./edited by NN

Strabag Real Estate has begun the demolition of Galeria Plaza in Kraków to make way for its development of a multifunctional complex.

Investment & finance

HUNGARY CPI transfers Budapest portfolio to S Immo

schedule 08 November 2022
Nathan North
deputy editor

Vienna-based S Immo has finalised the acquisition of eight office buildings and a plot of land in Budapest from its new parent company and majority shareholder, Prague-based CPI Property Group, for EUR 238.3 mln.

Office & mixed-use development

Poland Challenging electricity prices

schedule 08 November 2022
Opr./edited by ANZ

The current geopolitical situation has destabilised energy markets, with the real estate also affected by rising electricity prices. Existing buildings account for close to 55 pct of energy consumed by the construction industry globally and for over 35 pct of greenhouse gas emissions, while almost 75 pct of buildings in the European union fail to meet energy performance requirements.

Office & mixed-use development

CEE Investors begin to adopt a wait-and-see approach

schedule 08 November 2022
Opr./edited by ANZ

Office investment dominated the first half of 2022, as the most traded asset type in the CEE countries. It accounted for 2.5 billion euro which was 42 pct of the total investment volume in the region - reveals a new report by Colliers. 

Office & mixed-use development

Poland Office supply weakens across regional cities

schedule 08 November 2022
Opr./edited by ANZ

According to a report published by real estate advisory firm Newmark Polska, vacancy rate held firm in Poland’s regional city office markets throughout Q3 of this year along with the moderate occupier and developer activity. 

Warehouse & industrial

Poland Zero-emission factory

schedule 08 November 2022
Opr./edited by ANZ

Panattoni has completed the first zero-emission factory in the global portfolio of Danfoss - Danfoss is a producer of energy- efficient components and technological solutions for sectors that include cooling and air-conditioning, heating and electric motors. The investment has been built as part of an industrial campus in Grodzisk Mazowiecki.

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