News

Hotels

Orbis to open two hotels in Romania

schedule 05 June 2019
Eurobuild CEE

ROMANIA Orbis Hotel Group has signed a 15-year management contract with Traian Sandu the owner of two existing hotels that are to be re-branded into the Mercure Galați Centrum and the Ibis Styles Galați Dunarea.

Delta changes the owner

schedule 09 April 2019

POLAND VD Invest from the Vantage Development group has finalised the sale of the Delta 44 office building in Wrocław for PLN 28.7 mln.

Liberté, égalité, Vitalité

schedule 08 April 2019
Opr./edited by TC

POLAND Bouygues Immobilier Polska has started selling the Vitalité project in Warsaw's Wilanów district.

Two times Warsaw from 7R

schedule 09 April 2019
Rafał Ostrowski
journalist

POLAND 7R is starting the execution of 7R Park Warsaw West I – two facilities with a total of ​​16,500 sqm are to be developed, one of which (9,200 sqm) has been leased by a logistics operator specialising in courier parcels.

Arkady and Sky Tower with new tenants

schedule 08 April 2019

POLAND Arkady Wrocławskie and Sky Tower – two retail buildings in Wrocław, which are owned by LC Corp, have gained new tenants that will occupy a total of almost 1,600 sqm in both buildings.

This will be Booking for offices

schedule 09 April 2019

EUROPE Hubble has created the world's largest web platform for flexible office space. The company has already raised GBP 4 mln from a group of investors operating in the real estate sector headed by the JLL Spark Global Venture Fund.

Office & mixed-use development

GTC to erect Pillar

schedule 04 June 2019
Eurobuild CEE

HUNGARY GTC has started the construction of the Pillar office project in Budapest’s 13th district.

AC Hotel by Marriott Riga soon to open

schedule 04 June 2019
Alex Hayes
journalist

LATVIA AC Hotel by Marriott Riga is to open to guests in June 17 this year and will be managed by Legendhotels, chich has signed a twenty year franchise with the hotel chain.

Construction

From Pollena to Bohema

schedule 04 June 2019
Opr./edited by TC

POLAND FineTech Construction has started work on renovation of the first few historic buildings of the Bohema - Strefa Praga complex, which is being developed by Okam in Warsaw’s Praga Północ district.

Orbis takes decision on division

schedule 04 June 2019
Anna Pakulniewicz

POLAND Polish hotel group Orbis has finally taken the decision to separate some of the company’s operations, having previously announced its intention to do so.

Hotels

Radisson Blu Hotel & Residences, Zakopane now open

schedule 04 June 2019
Alex Hayes
journalist

POLAND Radisson Blu has opened the Radisson Blu Hotel & Residences, Zakopane in the foothills of the Tatras in Poland.

Office & mixed-use development

Vastint ready with Business Garden Vilnius

schedule 04 June 2019
Alex Hayes
journalist

LITHUANIA Mitnija is soon to start construction work on the Business Garden office park in Vilnius, which is being developed by Vastint.

Element Industrial plans Criaova park

schedule 04 June 2019
Alex Hayes
journalist

ROMANIA Element Industrial is to build a 60,000 sqm logistics park in Craiova in an investment of EUR 35 mln on a 11 ha site.

Retail & leisure

Vendo nears completion in Łask

schedule 04 June 2019
Eurobuild CEE

POLAND Vendo Park is to open on ul. Warszawska in Łask this autumn.

Retail & leisure

Fashion House expands in St Petersburg and Bucharest

schedule 04 June 2019
Eurobuild CEE

RUSSIA/ROMANIA Fashion House Group is developing outlet centres in Bucharest and St Petersburg. The retail chain, which is owned by Liebrecht & Wood has been present in Russia for the last five years since it opened its first Russian centre in Moscow.

Construction

Alchemium stone laid

schedule 04 June 2019
Eurobuild CEE

POLAND Budimex has laid the foundation stone for the Alchemium complex which is being constructed for Łódź University of Technology. The centre is to be completed at the end of September 2020 in an investment of PLN 57 mln.

Waimea opens in Stargard

schedule 04 June 2019
Eurobuild CEE

POLAND Waimea has opened its first hall A in the Waimea Logistic Park Stargard in an investment of over PLN 22 mln.

Office & mixed-use development

Cavatina lands biggest regional lease

schedule 04 June 2019
Opr./edited by TC

POLAND Sabre Polska, a company that creates IT systems for tourism and aviation, has leased almost 16,000 sqm in the Tischnera Office building in Kraków.

Warehouse & industrial

Cometh the Eissmann

schedule 04 June 2019
Nathan North
managing editor (English section)

CZECH REPUBLIC CPI group is to build and lease a 7,000 sqm production hall to German automotive leather components manufacturer Eissmann in CPI Park Mlýnec, on the D5 (E50) motorway close to the German border.

Investment & finance

Rustonka in Korean-Polish hands

schedule 04 June 2019
Nathan North
managing editor (English section)

CZECH REPUBLIC An investment trust fund established by Korean investor Hana Alternative Asset Management and Polish property manager White Star Real Estate has bought the Rustonka office centre in Prague’s Karlín district from J&T Real Estate for an estimated CZK 4.2 bln (app. EUR 163 mln).

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