News

Warehouse & industrial

Polska LPP's huge European distribution centre

LPP Logistics has launched its first overseas distribution centre in Romania, located at CTPark Bucharest West, after a year of construction. The 65,000 sqm warehouse will supply LPP brand stores in Southern Europe and handle online orders.

Events

POLAND Media without Choice

The Polish government has just announced the introduction of an additional levy on the media, which it calls an advertising tax, cynically justifying the move as necessary for fighting the pandemic. This new burden will particularly hurt small, private, independent media companies that have already been badly affected by the Covid-19 outbreak.

Warehouse & industrial

Poland LPP Logistics stays with Panattoni

Panattoni continues its cooperation with LPP Logistics. The logistics operator from the LPP Group has renewed its lease agreement for 31,800 sqm at Panattoni Park Gdańsk III.

Investment & finance

CEE 2024 will be better than expected

Moody’s Investors Service in its latest report has maintained a stable outlook for CEE sovereigns' creditworthiness in 2024. This is driven by a robust macroeconomic outlook, limited economic scarring from Europe's energy crisis and the roughly unchanged fiscal strength of the region.

Eurobuild FM

Poland The special edition – summaries and forecasts (ep. 5)

The special edition of Eurobuild FM hosts Magdalena Kowalewska, COO of LCP and member of the management board of the M Core group companies. Find a while and listen to the hot comments on the retail and warehouse industries!

ESG

Hungary Another BREEAM for Panattoni

Panattoni City Dock Törökbálint, has been awarded the BREEAM Excellent certification, which signifies that the complex meets the highest standards in energy efficiency, water management, sustainable construction, health and wellbeing and innovation in design.

Human resources

Poland Savills has new CEO

Kamil Kowa has become the new CEO of Savills in Poland. He is a member of the management board of the company, and for the past nine years has held the position of head of Corporate Finance and Valuation at Savills. 

Construction

Poland There's hope in the modules

According to the report released by research firm Spectis, “Modular construction market in Poland 2024-2029”, top 100 manufacturers of prefabricated buildings made of wood, steel, concrete, or LECA generated revenue of nearly PLN 10 bln in 2022, with 47 pct of the figure contributed by sales in the modular building segment.

Investment & finance

Poland Suntago changes hands

Centerbridge Partners is going to take control of Global Parks Poland, the owner of Suntago – the largest water entertainment park in Europe, located in Wręcza near Warsaw. The U.S. company has filed an application to the OCCP in this regard.

Eurobuild FM

Poland The special edition – summaries and forecasts (ep. 4)

Today, the guest of the special edition of Eurobuild FM is an expert in private debt financing - Jakub Pacholec, member of the management board of Mount TFI, sharing his unique knowledge especially with the readers of "Eurobuild"!

Eurobuild Awards

Poland Let's live this again!

Eurobuild Awards 2023 is behind us, but if you haven't yet gotten your hands on the special "Eurobuild" supplement prepared for the Gala evening, you can conveniently view it online today and... beautiful memories will come back!

Residential

Czech Republic Penta sells a property in Prague

At the end of the year Penta Real Estate completed the sale of residential project in Dykova Street in Prague 2 - Vinohrady. The value of the project is in the order of CKR hundreds of millions of and the buyer is Fidurock.

Retail & leisure

Czech Republic Record number of new brands

39 new brands entered the Czech retail market last year, a record number achieved in the past ten years, according to Cushman & Wakefield’s monitoring. Some of the most notable brands include Victoria's Secret, Popeyes, Signorvino, Rossopomodoro and Zadig & Voltaire.

Property and Facility Management

Serbia CBRE to manage Stop Shops in Serbia

CPI Property Group has appointed CBRE as manager of its Serbian Stop Shop retail park portfolio. It comprises 14 retail parks in 14 cities and more than 120,000 sqm of leasable area.

Office & mixed-use development

Poland Vena in Warsaw

PHN is starting construction of the Vena office building in Warsaw's Wola district. Development will take two years and the estimated cost of the investment is around PLN 200 mln.

Eurobuild FM

Poland The special edition – summaries and forecasts (ep. 3)

After the Christmas break, we are back with a special edition of Eurobuild FM! We asked the best market experts to summarize the past year and to give some forecasts for 2024 - in the first episode in the New Year, Rüdiger Dany, CEO at NEPI Rockcastle, shared his opinion especially with the readers of "Eurobuild".

Investment & finance

Europe Another hundreds of millions on retail

Mitiska REIM has announced the sale of five Belgian and five Portuguese retail parks to First Retail Partners, a newly established fund backed by Partners Group. The new fund has a gross asset value of around EUR 280 million and will be managed by Mitiska REIM and backed by Partners Group.

Investment & finance

Czech Republic Olympia changes hands

Immofinanz took over two properties from its majority shareholder, CPI Property Group – the Olympia Plzen shopping center and the adjacent retail park, the total value of both properties is EUR 165.5 million.

Events

Merry Christmas!

Investment & finance

Romania Drim joins Żabka Group

Żabka Group concluded the acquisition of a majority stake, forming a partnership with one of the leading FMCG distribution players in Romania – Drim Daniel Distributie. The transaction is subject to the customary regulatory approvals.