News

Investment & finance

Bluehouse sells Margit

schedule 25 September 2018
Alex Hayes
journalist

HUNGARY Bluehouse Capital has sold Margit Palace in Budapest to the Adventum Trium real estate fund for an undisclosed sum. The deal was brokered by CBRE.

Construction

Construction on a Wave

schedule 25 September 2018
Anna Pakulniewicz

POLAND Construction work has begun on the Wave Apartments project under development by Green House Development in Międzyzdroje and is to be completed in Q1 2021.

Office & mixed-use development

An expansion on paper

schedule 25 September 2018
Opr./edited by TSG

POLAND International Paper has enlarged and extended its lease agreement in Centrum Biurowe Lubicz in Kraków.

Investment activity slows down in H1

schedule 25 September 2018
Eurobuild CEE

EUROPE The total real estate investment volume in Europe reached EUR 97 bln in the first half of the year, according to Savills.

Interior design

Massive Design does BNP again

schedule 25 September 2018
Anna Pakulniewicz

POLAND Massive Design has designed the BNP Paribas Securities Services office in the Wronia 31 building in Warsaw.

Internet traders running up debt

schedule 25 September 2018
Opr./edited by AZ

POLAND According to BIG InfoMonitor data, the debts of e-commerce traders came to PLN 126 mln at the end of June this year, up 19 pct on the end of 2017.

Chopin goes picking for Golden Tulips

schedule 25 September 2018
Eurobuild CEE

POLAND The Office of Competition and Consumer Protection [UOKiK] has reported that Chopin Airport Development intends to purchase all the shares of Residence Management from Qualia Development.

Interior design

Plants take over thinking space

schedule 26 September 2018
Anna Pakulniewicz

EUROPE During the Architecture Festival organised by Eurobuild Conferences in Warsaw a talk was given by Thomas Feichtner, a Viennese designer of furniture and other everyday objects who created the Studio by Bene office furniture system. The presentation touched on a number of issues including design trends that had not yet reached Poland. Afterwards we had an interview with him, which is soon to be published in the ‘Eurobuild CEE’ magazine.

Office & mixed-use development

Park Avenue now open

schedule 25 September 2018
Eurobuild CEE

POLAND Park Projects has been granted an occupancy permit for its Park Avenue office building at ul. Wspólna 70 in Warsaw.

Interior design

Forbis has Iconic work-out in post office

schedule 25 September 2018
Anna Pakulniewicz

POLAND The Icon Fitness fitness club has opened with a unique post-industrial style designed by the Forbis Group in the former Post Office building in Gliwice.

Retail & leisure

CCC now open in Malta

schedule 25 September 2018
Rafał Ostrowski
journalist

POLAND Footwear retailer CCC has opened a 1,400 sqm store in the Galeria Malta shopping centre in Poznań.

Three tenants come to Lipinski Passage

schedule 25 September 2018
Alex Hayes
journalist

POLAND Union Investment has signed up three new tenants with 590 sqm sqm of floorspace leased in Lipinski Passage mixed use building on Al. Jerozolimskie in Warsaw.

Residential

Final stage starts on Pargi

schedule 25 September 2018
Anna Pakulniewicz

ESTONIA Merko has started the construction of Tähepargi residential project’s second and final stage, at 5 Päeva as well as 13 and 15 Pargi in the city of Tartu.

Human resources

Knight Frank now in Budapest

schedule 25 September 2018
Alex Hayes
journalist

HUNGARY Knight Frank formally opened its office in Budapest at the beginning of September 2018.

Investment & finance

Corum enters CEE with Metro purchase

schedule 25 September 2018
Nathan North
managing editor

POLAND Metro Properties, the real estate subsidiary of Metro AG, has sold a property in Poznań with a retail building under a long term lease to Castorama to French investor Corum Asset Management for EUR 20.3 mln.

Warehouse & industrial

Battery-powered Nysa

schedule 24 September 2018
Opr./edited by TC

POLAND Belgian company Umicore is to invest PLN 1.38 bln in opening an electric vehicle battery plant in Nysa, according to the Polish Ministry of Entrepreneurship and Technology.

Residential

First Aroma topped off

schedule 24 September 2018
Opr./edited by TC

POLAND The first building of the Aroma Park residential estate, which is being developed by Finnish real estate and construction group Yit in Warsaw’s Białołęka district, has been topped off.

Residential

Baltica Towers with (or without) an operator

schedule 24 September 2018
Opr./edited by TC

POLAND Atal has entrusted InApartments with the management of its Atal Baltica Towers aparthotel development in Gdańsk.

Hotels

Louvre Hotels complex to be built in Katowice

schedule 24 September 2018
Opr./edited by AZ

POLAND French hotel chain Louvre Hotels together with investor Silport is to develop a 200-room hotel complex in Katowice.

Metro set to sell Real

schedule 24 September 2018
Opr./edited by AZ

EUROPE German retailer Metro has decided to sell its hypermarkets in order to focus on wholesale and e-commerce.

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