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Office & mixed-use development

Romania A considerable new demand rebound

schedule 05 September 2024
Opr./edited by ANZ

According to data from the Cushman & Wakefield Echinox, the net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1.

Warehouse & industrial

Hungary VGP Park Kecskemét is ready

schedule 05 September 2024
Opr./edited by ANZ

VGP in Hungary has handed over its new premises to Linde + Wieman. The German automotive parts manufacturer occupies 16,000 sqm at VGP Park Kecskemét, in the central part of the country.

Retail & leisure

Romania One Gallery, one museum

schedule 05 September 2024
Opr./edited by JC

One United Properties is carrying out restoration works on the former Ford Hall in Bucharest, which will be modernized into a mixed-use space. In addition to offices and a food market concept, One Gallery will feature a museum area, as well as a multifunctional hall.

Investment & finance

Germany Garbe buys huge Lower Saxony brownfield

schedule 05 September 2024
Opr./edited by ANZ

Garbe, in a joint venture with a fund managed by BlackRock, has acquired a brownfield site of almost 200,000 sqm in Salzgitter, Lower Saxony. The joint venture wants to create large-scale logistics on the site. The construction of the property with a total floor area of 70,000 sqm is scheduled to start in Q1 2025 and to be completed in 2026.

Warehouse & industrial

Poland Panattoni buys Kraków site

schedule 04 September 2024
Opr./edited by JC

Panattoni has purchased a land plot where it is to build Panattoni Park Kraków East V. The construction work for a 30,000 sqm hall is scheduled to launch in October 2024.

Office & mixed-use development

Poland Works are in progress in Vibe

schedule 04 September 2024
Opr./edited by ANZ

Vibe, Ghelamco's latest project in Warsaw's business centre, is already fully leased. Companies that have already started working in the office building include Reckitt, an international consumer goods company, and MDDP Outsourcing.

Retail & leisure

Poland Giant welcomes first guests

schedule 04 September 2024
Opr./edited by ANZ

San Park Piaseczno, a retail park developed by Ed San III Sancak, has been officially opened. The complex offers a total of more than 40 shops and service outlets.

ESG

Poland Imagine strikes gold

schedule 04 September 2024
Opr./edited by JC

The Imagine office complex in Łódź has received the global WiredScore certification, which is awarded to buildings that are technologically advanced in digital connectivity, telecommunications quality, and contingency planning.

Warehouse & industrial

Poland Big deal at MLP Poznań West

schedule 03 September 2024
Opr./edited by JC

MLP Group has signed a long-term lease agreement with a Chinese manufacturer of automotive parts, which, as part of its global nearshoring strategy, will lease 23,000 sqm of warehouse and office space at the MLP Poznań West logistics centre.

Investment & finance

Austria KGAL goes shopping in Vienna

schedule 03 September 2024
Opr./edited by ANZ

KGAL has acquired the ViE office building in the Austrian capital with a total rental area of 14,100 sqm for one of its property funds. The seller is CA Immobilien Anlagen AG. The building in a central location in Vienna is fully let.

Office & mixed-use development

Hungary Liberty almost realised

schedule 02 September 2024
Opr./edited by JC

Liberty, a mixed-use complex located in Budapest, has reached its final stage. The second phase of the project comprises a total of 20,000 sqm of office space.

Construction

Romania Strabag to build The Arc

schedule 02 September 2024
Opr./edited by JC

Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office property, The Arc. The investment will bring a ten-story, class A office building to the 6th District of Bucharest.

Investment & finance

Germany Green transition in Berlin

schedule 02 September 2024
Opr./edited by JC

Empira Group has successfully completed the acquisition of six multi-family buildings as well as residential and commercial properties in the Neukölln, Kreuzberg and Wedding districts of Berlin. The purchase encompasses around 400 residential and commercial units.

Warehouse & industrial

Poland LCube & Hillwood are done

schedule 02 September 2024
Opr./edited by JC

The construction of Hillwood and LCube Wrocław East in Dobrzykowice has been finished. The project comprises almost 60,000 sqm of warehouse space, of which around 53 pct has already been commercialised.

Warehouse & industrial

Poland City Logistics Warsaw IX is ready

schedule 02 September 2024
Opr./edited by JC

Panattoni has completed the construction of City Logistics Warsaw IX. Situated in Targówek Fabryczny, the centre with an area of over 13,000 sqm already has its first tenants.

Office & mixed-use development

Czech Republic Savills relocates to Prague's Masaryčka

schedule 30 August 2024
Opr./edited by ANZ

Savills is moving its headquarters as of March 2025, to new office space within the Masaryčka project in the centre of Prague. Additional 50 pct floor space will give it the foundation to expand its headcount towards 100 employees over the next phase of the business.

Office & mixed-use development

Latvia Green light for Magdelēnas kvartāls

schedule 30 August 2024
Opr./edited by ANZ

Vastint Latvia has received building permits for the construction of 4th and 5th phases of Magdelēnas kvartāls in Riga. The 4th phase is expected to be completed early next year.

Investment & finance

Poland CTP grows in Pomerania

schedule 30 August 2024
Opr./edited by ANZ

CTP has purchased a 140,000 sqm plot of land located within the Pomeranian Investment Centre - an industrial park located in the vicinity of the largest container terminal on the Baltic Sea. The land acquired from the Gdańsk Economic Development Agency will be used to construct the next stage of the CTPark Gdańsk Port industrial and logistics complex.

Investment & finance

Poland Panattoni borrows from Santander

schedule 29 August 2024
Opr./edited by JC

Panattoni has been issued financing for the construction of City Logistics Warsaw Airport IV. The EUR 17.25 mln loan was granted by Santander Bank Polska.

Office & mixed-use development

Poland Knight Frank hooked by the Vibe

schedule 29 August 2024
Opr./edited by JC

Knight Frank has chosen the Vibe office building in Warsaw’s Wola district as its new Polish headquarters. The consultancy has leased almost 1,000 sqm on the 9th floor of the Ghelamco project.

Edition 10 (292) September 2024

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