News

Budapest hotels still expanding

schedule 10 September 2018
Anna Pakulniewicz

HUNGARY The CEE hotel market has been expanding rapidly over the last three years both in terms of hotel performance and transaction volumes due to growing numbers of tourists. Within the region, the Budapest hotel market has seen exceptional growth, with its RevPAR growth [revenue per available room] outpacing the other large capital cities in the region, according to Colliers International's latest hotel market study.

Architecture and urban planning

Pinocchio becomes a little Polish

schedule 10 September 2018
Anna Pakulniewicz

EUROPE Polish architectural studio Gierbienis + Poklewski has won second prize in an international competition to find a design for the Pinocchio Children's Library in the village of Collodi near Florence in Italy.

Airbnb growing despite regulation

schedule 10 September 2018
Anna Pakulniewicz

CZECH REPUBLIC According to research be Colliers International and Hotelschool The Hague, despite many countries having recently introduced legislation to restrict the use of the hospitality service Airbnb, it continues to grow in five large European cities: London, Amsterdam, Berlin, Madrid and Paris.

Russia after 2018 World Cup

schedule 10 September 2018
Anna Pakulniewicz

RUSSIA Moscow hotels increased prices threefold over the June-July period, while in St Petersburg occupancy fell and rates increase by 30 pct.

Technology

First constructed without bricks

schedule 10 September 2018
Anna Pakulniewicz

EUROPE Dutch engineering company Dura Vermeer and AR software developers Recreate have launched an augmented reality (AR) hard hat, which uses Xsens motion tracking and the Microsoft HoloLens to help display a 3D model of an architect’s plan on top of what the user actually sees.

Robyg with many apartments up for sale

schedule 07 September 2018
Eurobuild CEE

POLAND Robyg Group has put 1550 apartments on sale since the beginning of the year, of which 1,150 are in Warsaw.

Retail & leisure

Work continues on Wisła

schedule 07 September 2018
Aneta Cichla

POLAND Work has begun on the second stage of renovations at the Galeria Wisła mall in Płock.

Residential

Foundation laid for Haven House

schedule 07 September 2018
Opr./edited by AZ

POLAND Profbud has laid the foundation stone for the Haven House residential project which is under construction on ul. Pawlikowskiego in Warsaw.

Construction

Another crane on the Warsaw skyline

schedule 07 September 2018
Opr./edited by TSG

POLAND A crane has been erected at the Varso construction site in Warsaw.

Hotels

Two Kraków Best Westerns refurbished

schedule 07 September 2018
Anna Pakulniewicz

POLAND The four-star Best Western Premier Kraków Hotel and the Best Western Efekt Express hotels in Kraków have just completed renovations.

Vendo opens in Chodzież

schedule 07 September 2018
Eurobuild CEE

POLAND Trei Real Estate has opened its ninth Vendo Park retail park in Poland on ul. Buszczaka in Chodzież. The 4,100 sqm centre has tenants that include Media Expert, Takko, KiK, Martes Sport, 4F, Pepco, and Hebe.

Investment & finance

Older buildings attractive for developers

schedule 07 September 2018
Anna Pakulniewicz

POLAND Older buildings have outdated functions, different technical installations, and often have high level of vacancy, but they also represent significant opportunities and huge potential, told us Bartłomiej Uszkur, senior consultant at the investment department of Savills.

Office & mixed-use development

Work begins on Face 2 Face

schedule 07 September 2018
Alex Hayes
journalist

POLAND Construction work has begun on the Face2Face Business Campus, which is being developed by Echo Investment at the intersection of ul. Grundmanna and ul. Chorzowska in Katowice.

High earnings for Baltic Horizon Fund

schedule 07 September 2018
Anna Pakulniewicz

BALTIC STATES In Q2 2018, the Baltic Horizon Fund earned a net profit of EUR 2.26 mln (which compares to EUR 1.54 mln for Q2 2017), according to the company’s consolidated unaudited financial results.

Residential

Green Yareal in Wola

schedule 19 July 2018
Opr./edited by AC

POLAND Yareal obtained a BREEAM Interim certificate with the very good rating for Rezydencja Vice Versa, which is under construction in Warsaw's Wola district.

Sorry, that’s our (business) climate

schedule 19 July 2018
Eurobuild CEE

POLAND Limiting trade on Sundays impedes the functioning of business of 37 pct of entrepreneurs, states the Bibby MSP Index report. One third of the respondents also indicate that the change will have a negative impact on their activities in the years to come. In the absence of investments in the private sector, the Polish economy is fuelled by consumption.

Tacit by the sea

schedule 19 July 2018
Anna Pakulniewicz

POLAND Gwiazda Morza has established cooperation with Tacit Investment. The High Level Sales & Marketing brand was established as part of the cooperation.

Wiślanka to invite you to the cinema

schedule 19 July 2018
Opr./edited by AC

POLAND Galeria Wiślanka, which is under construction in Żory, will have a cinema. Helios has leased 1,500 sqm. In Żory Helios will open a four-screen cinema with 650 seats.

Permit for Dekada Konin

schedule 19 July 2018
Aneta Cichla

POLAND Dekada is allowed to start the construction of the Dekada Konin shopping centre – the company has been awarded a permit for the construction of the centre.

Tenant market will not return soon in Warsaw

schedule 19 July 2018
Eurobuild CEE

POLAND The demand for offices on Warsaw market is not weakening – it is still higher than the supply. This puts building owners in a better negotiating position than a few years ago.

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