News

LivUp has delivered another 78 long-term rental flats to the market. The company's latest project is located at ul. Zaczarowane Koło in Kraków's Bronowice district. The first tenants have already moved in.

Poland Outstanding P3 Warsaw II Park

06 November 2023

P3 Logistic Parks has achieved the highest possible BREEAM certificate for the P3 Warsaw II Park. This is the first P3 investment and only the third and the fourth buildings of this kind in Poland with such a high certification.

Czech Republic LOI signed for Czech portfolio acquisition

S Immo has signed a non-binding letter of intent with Czech Property Investments, a subsidiary of CPI Property Group, to acquire a property portfolio in the Czech Republic.

CEE Fundamentals in CEE remain fairly robust

The pricing gap between buyers’ and sellers' expectations remains a significant barrier to seeing volumes return to the 5 and 10-year average levels of EUR 10-11 bln, however, lower levels of vacancy are being recorded and some good levels of rental growth in certain sectors have been noted, reveals Colliers in its latest “Q3 2023 CEE Investment Scene” report.

Hungary Turbine powers into Corvin

Digital biopharma research and development company Turbine has opened its new 1,300 sqm headquarters in the Corvin Innovation Campus office building in Budapest.

Czech Republic CTZone will grow in Ostrava

A new city area CTZone is under construction in Ostrava. The project is planned to be a centre of business opportunities and residential housing.

Poland Crestyl takes control of Spravia

Crestyl has completed the acquisition of the remaining 50 pct stake in Spravia from Cornerstone Partners, giving it full control of the company.

Germany Garbe launches another brownfield project

Garbe Industrial Real Estate has started redevelopment work on its property in the Meiderich district of Duisburg, Germany. The 56,000-sqm brownfield was acquired by Hamburg-based project developer two years ago.

Poland Panattoni has built for Technoform

Panattoni has completed another production plant in the Kraków region. Technoform, a producer of double glazing components, is to use 9,400 sqm of BTS space.

Germany GGC sells to Sonar

Sonar Real Estate has secured an office property in Munich in a joint venture with a global institutional investor. The seller, Global Gate Capital, is an international investment firm that invests across alternative asset classes and public markets.

Poland Cavatina plans 100m tower in central Warsaw

31 October 2023

Cavatina is to begin consultations related to a mixed-use project at ul. Chmielna 75 in Warsaw. The developer recently signed a conditional agreement to purchase the 1 ha site from the Polska Poczta (the Polish Post Office). The initial plans include the construction of a building over 100m in height.

Residential

Romania Akcent City takes off

31 October 2023

Akcent Development has started the construction of the Akcent City project, consisting of 723 apartments, in the Bucuresti Noi area, the largest residential project authorized in Sector 1 after the nZEB regulations came into force. The complex will attract a EUR 90 mln investment.

Poland Historic Łódź warehouse to be transformed

A&A Holding has received the building permit for the redevelopment of Magazyn Bawełny (Cotton Warehouse) in Łódź, which once served as a warehouse for a neighbouring cotton mill. The mixed-use project is to be developed within the Manufaktura complex in the city.

Hungary HelloParks gets its wings

Aviation maintenance company Aeroplex Central Europe has signed a long-term lease for almost 8,000 sqm of warehouse and office space in Hall MG3 of the HelloParks Maglód Industrial Park on the eastern outskirts of Budapest.

Eurobuild CEE

Poland Our latest issue hits the shelves!

Eurobuild CEE

The November issue of Eurobuild has now been released. As usual, it's full of fascinating articles and expert analysis. In three weeks, all the guests of the Eurobuild Awards 2023 Gala will receive this issue – together with a special supplement!

Romania Profi sale breaks record

MidEuropa, a European private equity investor, has entered into an agreement to sell Romanian food retailer Profi Rom Food to Ahold Delhaize. The value of the enterprise was estimated at about EUR 1.3 bln pre-IFRS16 (EUR1.8 bln post-IFRS 16).

Czech Republic Czech industrial market hits the brakes

27 October 2023

According to the analysis conducted by the Czech real estate and consulting company 108 Real Estate, numerous newly constructed storage facilities built without confirmed tenants have experienced extended vacancies lasting for six months or longer.

Poland Yusen Logistics takes it all

27 October 2023

7R has fully leased 7R Park Wrocław West II for Yusen Logistics. The tenant will occupy nearly 43,000 sqm in the facility.

Poland Warsaw office development slows down sharply

26 October 2023

Cushman & Wakefield has released a summary of office market conditions in Warsaw. This year’s development activity is expected to fall to its lowest in nearly 25 years amid a record number of leases, falling vacancy rates and the continued upward pressure on rental growth.

Poland Octava sells Warsaw airport plot

26 October 2023