HUNGARY Hungary’s central bank (MNB) is setting up an asset management agency, the MARK Group, that will have HUF 300 bln (EUR 980 mln) to buyout toxic commercial property loans from local banks.
UNITED KINGDOM The Gherkin, London’s second-tallest building, has new owner. The 180-meter office tower located at 30 St Mary Axe has been sold to Safra Group, a Brazilian financial holding controlled by Joseph Safra.
POLAND In the first three quarters of the year, Polish residential developer Ronson has sold 565 units, a 36 pct y-o-y increase. The company now expects its 2014 sales to exceed the number of 700 apartments, 50 units more than earlier anticipated.
CZECH REPUBLIC Atrium European Real Estate has acquired the AFI Palác shopping centre in Pardubice from AFI Europe for EUR 83 mln.
WORLD UGL has finalised the sale of its property services business DTZ for AUD 1.215 bln to the TPG and PAG Consortium.
POLAND In the January–September period, Budimex group’s sales increased by 17.8 pct, while its operating profit grew by 47.2 pct in this period compared to the same period last year. Its operating profit margin amounted to 4.7 pct – up by a quarter.
POLAND Griffin is negotiating the purchase of four new commercial projects in Poland worth EUR 160 mln in total. Two of the projects are located in Warsaw and the other two in the regional markets.
ROMANIA According to CBRE, in Q3 2014, the total leasing activity (TLA) in Bucharest reached the level of 70,000 sqm. For the second consecutive quarter, new leases, expansions and pre-leases in the city accounted for more than 80 pct of TLA, the analysts point out.
POLAND The Medicover group is to extend its hospital in Warsaw’s Wilanów district and for this has purchased an area of over 2.5 ha near al. Rzeczypospolitej in the direct vicinity of one of its existing clinics.
POLAND Warsaw city council has put up for sale the former house and dressings factory of Rudolf Strzelecki at ul. Kujawska 1 in Mokotów district.
ROMANIA New Europe Property Investments (NEPI) has completed the acquisition of Promenada Mall, a 40,300 sqm Bucharest shopping mall owned by RE Project Development SRL and Manierita Limited, for EUR 148 mln.
ROMANIA Guernsey-based real estate investment company Globalworth has received a EUR 30 mln loan for its Bucharest office building, Tower Center International.
CZECH REPUBLIC/POLAND Valad Europe has teamed up with a new investor to build a EUR 500 mln property portfolio. The company has already made its first purchase in the Czech Republic.
POLAND In November, the Nauta shipyard will complete the first stage of choosing a developer for the Gdynia plot that the company is vacating as it moves to another location.
ROMANIA The European Bank for Reconstruction and Development (EBRD) has granted a EUR 22.6 mln loan and a EUR 900,000 grant-based assistance to the Romanian city of Galați to help modernize its road and public transportat infrastructure.
POLAND Debt collector is set to auction off a parcel that was earmarked for an over 500-apartment estate in Warsaw’s Wilanów district.
POLAND Development company Matexi Polska has singed three sales contracts for its commercial properties situated in Warsaw residential estates.
EUROPE/POLAND The UK opportunistic fund Resolution Property is planning to spend over EUR 1 bln (GBP 800 mln) on new European projects in the next two years. Poland is on its radar, too.
CZECH REPUBLIC Swedish developer Skanska Property has sold its Riverview office building in Prague to a fund managed by the global investment manager, Invesco Real Estate, for EUR 20 mln.
POLAND Deutsche Asset & Wealth Management (DeAWM) has officially announced that it purchased the Metropolitan office building in Warsaw on behalf of its institutional investors. The transaction was financed by commercial property funds.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
According to a report by research company Spectis “Construction companies in Poland 2025-2030”, the total revenues of the 300 leading construction gro ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Six class A office buildings in the PRO Portfolio, which is jointly owned by PineBridge Benson Elliot and Sharow Capital have been granted BREEAM In-U ...
Who won this year's 14th edition of the Eurobuild Awards? The jury and guests gathered at the Double Tree by Hilton hotel in Warsaw chose this year's ...
Enjoy the last set of recordings with comments straight from this year's MIPIM. This time, we asked experts from our home country for their input.
The latest edition of our magazine reaches readers at a time when there is a palpable sense of uncertainty on the global market. Nevertheless, a stead ...
The Back to the Future conference, organised by Urban Land Institute Polska, will take place on 9-10 April 2025 at the Norblin Factory Event Hall in W ...
Irish company Kingspan has recently broken ground on a EUR 280 mln business technology campus near Lviv. This was the first major investment announced ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
The hotel market in Bucharest continued its recovery in 2024, in terms of RevPAR and occupancy rate, while the ADR has finally surpassed the milestone ...
Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv ...
The Polish and Danish governments have entered preliminary discussions for the construction of a tunnel between Szczecin and Copenhagen underneath the ...
Viterra has moved into its new 1,500 sqm offices in Olivia Prime, part of the Olivia Centre business complex in Gdańsk. The Design Anatomy studio is ...
CA Immo has completed the sale of the IP West office building in Budapest. CBRE and Cerha Hempel Rechtsanwälte advised on the sale.
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
In the first quarter of this year, companies leased a total of 25 pct more office space across Poland’s major office markets compared to the same peri ...
Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district. The property is owned by Stena Real Estate ...
The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculti ...
Torus has announced its All.inn students’ residence concept that is soon to appear on ul. Konarskiego in Gdańsk.
Newgate Investment (NGI) and Redkom Development are developing a large retail park in Bydgoszcz.
Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both re ...
In the first quarter, gross take-up for Poland’s industrial market came to 1.1 mln sqm (+16 pct y-o-y), with tenants increasingly opting to renew leas ...