News

Office & mixed-use development

HUNGARY Futureal Group’s residential subsidiary Cordia is plannning to build the Millennium Quarter estate in Budapest’s central Ferencváros district.

Budapest office break 3.5 mln sqm mark

Nathan North
managing editor (English section)

HUNGARY Three new office buildings were completed in Budapest in the second quarter of the year, totalling 57,060 sqm, according to the Budapest Research Forum.

Investment & finance

Globalworth buys Spektrum

POLAND Globalworth has bought the Spektrum Tower office building in Warsaw’s Central Business District from Europa Capital for app. EUR 101 mln.

Warehouse & industrial

P3 welcomes Canadian duo

Nathan North
managing editor (English section)

CZECH REPUBLIC Two new tenants have leased space in P3 Prague D8. Food supplements producer Barny’s and pet supplies company Alavis, both divisions of Pharma United Canada, are to both move into 1,000 sqm of warehousing and an additional 500 sqm of offices.

Even greener Tikkurila

EUROPE Tikkurila has launched a new product line on the Baltic market with packaging that utilises Post Industry Recycled (PIR) plastic.

MLP happy about H1 leases

POLAND MLP Group has leased over 100,000 sqm of industrial space in the first half of this year – almost 3 pct more than in the same period of 2017.

Hotels

Ibis Styles Tomaszów Lubelski on its way

POLAND Construction work has started on an Ibis Styles hotel in Tomaszów Lubelski. The hotel is to be located in the former Laureat hotel – the first hotel in the town – at ul. Lwowska 32, which was built in 1984–1988.

Investment & finance

Ceetrus looking for partners

POLAND Ceetrus Polska (formerly Immochan), which owns a large land bank (200 ha – or about 280 football pitches), is planning to gradually develop these sites and is inviting investors to cooperate on such projects.

CBRE sets up SEE office

SEE REGION CBRE has started real estate advisory services for international and domestic clients in South Eastern Europe (SEE).

H&M happy with Stare Miasto

POLAND Swedish fashion retailer H&M has decided to renew its 1,400 plus sqm lease in the Ferio Konin shopping centre.

Lokum liking its results

Tomasz Cudowski
editor-in-chief

POLAND The Lokum Deweloper group recorded an increase in sales in the first six months of 2018, after signing preliminary and development agreements for 531 units (a y-o-y increase of 21 pct).

Investment & finance

Buma takes over Octava portfolio

POLAND Buma Service of Buma Group has announced the acquisition of the management of a portfolio of Warsaw real estate assets from the Octava FIZAN fund.

Three more for Bronowice

POLAND Three new tenants opened in Galeria Bronowice in Kraków in June: multi-brand 50 Style store, a 3 km KartExpress go-kart track and an Apart jewellery store.

XBS Logistics leases more in Błonie

POLAND XBS Logistics has leased 6,800 sqm in Hillwood Błonie II, which is situated app. 40 km west of the centre of Warsaw.

Sushi in Galeria Młociny

POLAND SushiZushi has leased 120 sqm in the Galeria Młociny shopping centre, which is being developed by Echo Investment in Warsaw.

Construction

Topping off at Moje Miejsce

POLAND The first office building in the Moje Miejsce project, which is being developed by Echo Investment in Warsaw’s Dolny Mokotów district, has reached its highest structural point and has been topped off.

Another world in Aleja Bielany

POLAND Less than a year since it opened in the Aleja Bielany shopping centre in Bielany Wrocławskie, virtual reality store House of VR is moving to a unit six times bigger and has changed its name.

Third musketeer on the Baltic

POLAND An Intermarché grocery supermarket has opened in Galeria Szperk in Gdynia – the third store of the chain in the TriCity (the other two being in Gdańsk).

EUR 100 mln for take-overs in Poland