News

Nathan North
managing editor (English section)

ROMANIA Czech industrial investor CTP has acquired the A1 Bucharest Park for app. EUR 40 mln from Belgian company Vebeld.

Retail parks continue to expand across region

Anna Pakulniewicz

CENTRAL & EASTERN EUROPE Retail park floorspace in Central & Eastern Europe came to 5.7 mln sqm at the beginning of the year with the Czech Republic, Romania and Poland accounting for 66 pct of the total retail park market in the region, according to the latest report by Cushman & Wakefield.

Arche buys plot near bypass

POLAND Arche has signed a PLN 9 mln preliminary purchase agreement for a number of plots with a total area of more than 1 ha in Gdańsk including former agricultural land in the Klukowo district, next to the TriCity bypass.

Skysawa moves towards the clouds

POLAND Construction work on the Skysawa centre in Warsaw has begun with the 155m building to be completed in 2022 after 36 months.

M7 snaps up five properties

Alex Hayes
journalist

POLAND M7 Real Estate has announced that it has acquired five office and industrial properties on behalf of its M7 Polish Active Fund (M7 POLAF) for a total of EUR 65 mln in three separate transactions.

Retail & leisure

Saller starts building Chojnice retail park

POLAND Grupa Saller has bought a plot at the junction of ul. Bytowska and ul. Strzelecka in Chojnice in northwest Poland where it is developing a 6,500 sqm retail park around an existing Hetman DIY store.

Warehouse & industrial

Arteria expands in Błonie

Rafał Ostrowski
journalist

POLAND Arteria has expanded its warehouse lease in the P3 Błonie logistics park near Warsaw from app. 4,700 sqm to 7,700 sqm.

Events

Warehouses to come to 30 mln sqm by 2030

POLAND Tomasz Mika, the director of the warehouse and industrial department at JLL, opened the 15th CEE Warehouse & Logistics Conference, organised by Eurobuild CEE by talking about the boom that is currently on the Polish Warehouse market and forecast that warehouse space in Poland would grow to 30 mln sqm by 2030.

Retail & leisure

Two shopping centres renamed Westfield

POLAND/CZECH REPUBLIC Unibail-Rodamco-Westfield is introducing the Westfield brand to continental Europe, which means the Arkadia shopping centre in Warsaw is to be rebranded as well as the Chodov centre in Prague.

Zonifero to manage your office

POLAND TenderHut has created the Zonifero subsidiary to develop an app to help people find their way around an office building.

Investment & finance

Immofinanz buys Palmovka Open Park for EUR 76.4 mln

Nathan North
managing editor (English section)

CZECH REPUBLIC Immofinanz has acquired the Palmovka Open Park office complex in Prague 8 for EUR 76.4 mln from Czech developer Metrostav Development.

HRS stays in Plac Unii

Alex Hayes
journalist

POLAND HRS, a global provider of hotel services, has extended its 2,000 sqm lease of office space at Plac Unii in Warsaw.

EurobuildCEE

Top 5 most popular briefs last week

EUROBUILDCEE The acquisition of two Warsaw office buildings – Astoria and Ethos – drew the greatest attention from our readers last week, while investment and office market stories were also of particular interest.

Investment & finance

Peakside sells Poznań Financial Center

POLAND Adventum International, a Malta-based investment fund manager, has acquired the 18.000 sqm Poznań Financial Center building from Peakside Capital Advisors. The 16-storey building is fully leased to tenants such as Santander Bank, Medicover and Sonalake.

Millennium Gardens ready to rise

Rafał Ostrowski
journalist

HUNGARY TriGranit plans to complete its Millennium Gardens project, which will be the final section of the Millennium City Centre office complex, in Q2 2021.

Russian investment volume up

RUSSIA Russia’s real estate investment volumes increased by 24 pct y-o-y to more than USD 1.6 bln in H1 2019 on the USD 1.3 bln recorded for H1 2018, says JLL.

Technology

Lit up by BrightSites

Opr./edited by AZ

POLAND Signify has designed the BrightSites lampost that also acts as an advertising hoarding with video screens and a 5G telephone base station with WiFi.

Residential

Zeitgeist to renovate on ul. Wrzesińska

Tomasz Cudowski
editor-in-chief

POLAND Czech-based Zeitgeist Asset Management is to renovate a building at the junction of ul. Wrzesińska and ul. Kępna in Warsaw.

EurobuildCEE

California to come to Kraków

Tomasz Cudowski
editor-in-chief

POLAND Developer Terra Casa has a building permit to construct the Piastowska Residence apartment building at ul. Piastowska 34 in Kraków.

Hotels

Autograph to open in Warsaw