News

Warehouse & industrial

CZECH REPUBLIC Arete racks up latest acquisition

schedule 08 May 2023
Opr./edited by NN

Czech industrial investor Arete Group's third fund has completed the acquisition of an industrial hall near Milovice, about 50 km northeast of Prague, in a “multimillion-euro transaction”.

Investment & finance

CZECH REPUBLIC S Immo adds offices and hotel to portfolio

schedule 08 May 2023
Opr./edited by NN

Austrian real estate investor S Immo has completed the acquisition of three office buildings and a hotel in the Czech Republic from its majority shareholder CPI Property Group.

Residential

Poland More luxury on ul. Złota

schedule 05 May 2023
Eurobuild CEE

AFI Europe has completed the refurbishment of the historic Wolf Krongold townhouse on ul. Złota in central Warsaw, having adapted it for long-term apartment rentals and modern commercial space.

Warehouse & industrial

Poland Airbus has landed in Stryków

schedule 05 May 2023
Opr./edited by ANZ

Airbus Helicopters has opened a Test Centre in Smolice near Łódź. The centre will play an important role in developing concepts and solutions for vertical take-off and landing machines, hybrid propulsion systems and electric propulsion.

Office & mixed-use development

Czech Republic WorkLounge takes over in Prague

schedule 05 May 2023
Opr./edited by ANZ

WorkLounge network of serviced office centres took over the lease agreement from outgoing operator HubHub at Na Příkopě 14 in Prague. The company will continue HubHub’s operations with immediate effect, including taking over current clients.

Hotels

Hungary Moxy is heading to Budapest

schedule 05 May 2023
Opr./edited by ANZ

Marriott International has signed an agreement with Forestay Group to debut the Moxy Hotels brand in Budapest, Hungary. Construction of Moxy Budapest Downtown is scheduled to begin this autumn, with the opening expected in 2025.

Warehouse & industrial

Poland Panattoni sells K-Flex hall to LCN

schedule 04 May 2023
Opr./edited by ANZ

Panattoni has finalised the sale of a 33,000 sqm build-to-suit logistics centre in Uniejów, about 55 km northwest of Łódź, to LCN Capital Partners.

Office & mixed-use development

Hungary Colonnade for H2Offices

schedule 04 May 2023
Opr./edited by ANZ

Colonnade Insurance has moved into the first building of H2Offices in Budapest. The Hungarian branch of the insurance company will occupy approx. 1,500 sqm in the complex developed by Skanska.

Office & mixed-use development

HUNGARY IBM to innovate from Corvin

schedule 04 May 2023
Opr./edited by MR

An occupancy permit has been issued for the first phase of Corvin Innovation Campus, which is being developed by Futureal in Budapest. Global technology company IBM has already moved into the office building.

Office & mixed-use development

Hungary Vizivaros Office Center sold

schedule 04 May 2023
Opr./edited by ANZ

CA Immo has finalised the sale of the Vizivaros Office Center in Budapest to the FLE SICAV FIS real estate fund managed by Vienna-based investor FLE (part of French asset management group LFPI). The building comprises around 14,200 sqm and was 96 pct leased at the end of last year with an annualised gross rental income of around EUR 2.5 mln.

Warehouse & industrial

Hungary Panattoni's first lease in Hungary

schedule 02 May 2023
Opr./edited by JC

Panattoni has signed its first lease in Hungary. The brand new logistics centre, Panattoni City Dock Törökbálint, is located 12 km from the centre of Budapest.

Property and Facility Management

Europe Offices and logistics most shielded from energy shocks

schedule 02 May 2023
Opr./edited by JC

According to Savills latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending.

Retail & leisure

Czech Republic G City buys final 25% of Arkády Pankrác

schedule 28 April 2023
Opr./edited by MR

G City Europe has completed the acquisition of the remaining 25 pct stake it did not previously own in the Arkády Pankrác shopping centre in Prague 4 (Nusle) for EUR 60.5 mln.

Investment & finance

Poland Panattoni with over EUR 48 mln loan

schedule 28 April 2023
Opr./edited by ANZ

Panattoni has been granted financing for Panattoni Park Lublin II – a comprehensive business platform with an area of around 84,000 sqm. The EUR 48 mln loan, including VAT, was granted by Bank Pekao SA.

Warehouse & industrial

Poland 7R Park Kielce expanded

schedule 28 April 2023
Opr./edited by ANZ

7R completed the expansion of 7R Park Kielce halls. The current tenant, myBOX Logistics, leased additional space and will thus occupy over 30,800 sqm in the project.

Retail & leisure

Romania Multiple attractions in Colosseum Mall

schedule 28 April 2023
Opr./edited by ANZ

Colosseum Mall in Bucharest has announced the signing of a lease agreement with Hype by Kiddo for the opening of large entertainment centre. The centre will have an area of approx. 2,500 sqm, and the tenant's investment will amount to EUR 1.5 mln.

Office & mixed-use development

Poland Boeing chooses SkyRes

schedule 28 April 2023
Opr./edited by ANZ

Boeing, an aerospace company, has leased close to 6,600 sqm in the SkyRes building in Rzeszów. This represents the largest transaction in terms of sqm on the Rzeszów office market to date.

Office & mixed-use development

Hungary AI in ZenGarden

schedule 28 April 2023
Opr./edited by ANZ

AIP Labs, a Canadian-Hungarian company pioneering in the use of artificial intelligence in healthcare, is moving to the top floor of ZenGarden office building in Budapest. AIP Labs will run the digital dermatology clinic from the new office starting this summer.

Office & mixed-use development

Czech Republic Port7 already half-leased

schedule 27 April 2023
Opr./edited by ANZ

Skanska announces Mazars as a new tenant of its Port7 project. The complex recently opened in Holešovice, Prague’s neighbourhood, is now 50 pct leased.

Warehouse & industrial

Poland Panattoni Park Błonie III completed ahead of time

schedule 27 April 2023
Opr./edited by ANZ

Harden Construction has completed erection of a new warehouse at Panattoni Park Błonie III. The general contractor took seven months to complete all works, including obtaining an occupancy permit. The area of the facility is 43,400 sqm.

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Edition 4 (297) April 2025

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