Investment & finance
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Investment & finance
Immofinanz stokes merger rumours with new CEO
CENTRAL EUROPE Ronny Pecik has been appointed to the executive board for three years and to the position of CEO of Austrian real estate group Immofinanz, starting May 4th.
Investment & finance
Record Q1 for Polish investment volumes
POLAND The total investment volume on the Polish real estate market in Q1 2020 came to almost EUR 1.8 bln, the second highest figure on record for the quarter, according to JLL.
Investment & finance
Elite closes first fund with Polish acquisition
POLAND Singapore-based alternative asset managers Elite Partners Capital has announced the first close of its pure play Elite Logistics Fund.
Investment & finance
Amundi enters Poland to buy Nowogrodzka Square
POLAND French investor Amundi Real Estate, on behalf of its managed funds, has completed the acquisition of the Nowogrodzka Square office building in central Warsaw from French developer Yareal.
Investment & finance
Penta sells D48 offices to IAD
POLAND Penta Real Estate has sold the D48 office building in Warsaw’s Służewiec business district to fellow Slovak company IAD Investments for an undisclosed sum.
Investment & finance
Aurec acquires PRS tower in Warsaw
POLAND Aurec Capital has completed the acquisition of the Puławska 186 project in Warsaw’s Mokotów district from Matexi Polska for more than PLN 100 mln.
Retail portfolio deals continue to grow
POLAND Portfolio transactions have been increasing on the Polish retail market, according to real estate advisory Cresa’s recent ‘Retail Occupier Economics 2019’ report.
Investment & finance
Optima to take over GTC
CEE REGION The Optimum Ventures Private Equity Fund, which is owned by the National Bank of Hungary’s fund manager Optima, has announced that it has entered into a conditional share purchase agreement to acquire Lone Star's majority shareholding in Globe Trade Centre S.A.
Immofinanz moves AGM to October
CENTRAL EUROPE Austrian-based real estate investor Immofinanz has decided to reschedule the 27th annual general meeting, originally planned for May 22nd, due to the Covid-19 pandemic.
Ups and downs for Budimex
POLAND Budimex’s net revenue from the sales of products and materials amounted to slightly more than PLN 6.9 bln in 2019.
Investment & finance
Generali buys iconic Prague department store
CZECH REPUBLIC Generali Real Estate has acquired the Kotva department store in Prague for an undisclosed sum from Pražská Správa Nemovitostí (PSN) through its pan-European fund Generali Real Estate Asset Repositioning SA (GREAR). According to local media, the property changed hands for CZK 4 bln (app. EUR 150 mln), which would make it the largest real estate deal on the Czech market this year.
Aareal suspends dividends
CENTRAL EUROPE Aareal Bank’s management board has resolved to suspend the payment of dividends for the 2019 and 2020 financial years at least until October 1st 2020.
Investment & finance
Hines sells warehouse portfolio and Nord Point
POLAND Hines Poland Sustainable Income Fund (HPSIF), an investment fund managed by Hines Polska, has finalised the sale of a portfolio of six distribution parks and the Nord Point office building in Warsaw’s Białołęka district to CGL Investment Holdings Corporation Limited.
Investment & finance
Record revenues for CDRL
POLAND CDRL group, the owner of the Coccodrillo and Buslik clothing and accessories chains, generated record-high consolidated sales revenues of PLN 514.1 mln in 2019. This is an increase of almost 105 pct compared to the PLN 251.3 mln it earned a year earlier.
Investment & finance
Vestas buys Leroy Merlin hub for EUR 71 mln
POLAND Savills Investment Management has completed the EUR 71 mln purchase, on behalf of Korean institutional investors managed by Vestas Investment Management, of a 123,000 sqm BTS logistics building developed by Panattoni in Piątek, 40 km north of Łódź. The seller was Invesco Real Estate.
Investment & finance
Wing now holds two-thirds of Echo
POLAND Hungarian real estate group Wing has successfully acquired another 10.04 pct stake in Echo Investment in the latest stage of its buyout the Polish developer.
Investment & finance
Good year for PHN
POLAND Polski Holding Nieruchomości has announced that its consolidated net profit for 2019 increased by over 40 pct to PLN 69 mln while its rental income increased to PLN 171.9 mln from PLN 160 mln in 2018.
CCC to issue shares
POLAND CCC is planning a share issue and has announced that it is to raise the share capital of the company by 20 pct.
Investment & finance
Echo sees PLN 300 mln profit
POLAND Development company Echo Investment has recorded a net profit PLN 300 mln for the full-year of 2019.
Investment & finance
GLL buys another 7R warehouse
POLAND A joint venture of 7R and Hillwood has sold a warehouse building in 7R Park Kraków to GLL Real Estate Partners for an undisclosed price.
Categories
Architecture and urban planning
Praga to tower up over Warsaw
High-rise developments may be developed near the National Stadium metro station. The city's spatial policy clearly aims to break down the division bet ...
ULI releases New Urban Poland report
Plans created for Airport City around CPK
Construction
Budimex to rebuild the I/43 Road
Budimex has begun reconstructing a more than 2-kilometre section of the I/43 road near Černá Hora in the Czech Republic. The CZK 250.2 mln contract (E ...
Budimex to complete Bydgoszcz hospital expansion
Berger Bau to modernise Wrocław police headquarters
Coronavirus
Vaccination centre provided by Globalworth
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Employers in no rush to return to workplaces
Catella sees hope and chances for real estate after Covid-19
Corporate social responsibility
Not only for horses
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Panattoni sticks to the fairway
Colliers ends operations in Russia, Belarus
Data centres
Hillwood moves planned data centre further from homes
Hillwood Polska has revised plans for its planned data centre campus in Reguły, in the Michałowice municipality. Following feedback from local residen ...
Poland to benefit from data centre realignment
Data centres spread out across the region
E-commerce
This is the end
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 ...
Wildberries now growing in Ukraine
Wildberries growing in April
ESG
Signum Work Station earns WELL Health-Safety Rating
Signum Work Station, an office building on Domaniewska Street in Warsaw, has received the WELL Health-Safety Rating from the International WELL Buildi ...
EPP meets 2030 emissions reduction targets ahead of schedule
PAD RES launches 24 MW solar farms in Koszalin district
Eurobuild Awards
New venue and date for the Eurobuild Awards Gala!
The 16th Eurobuild Awards Gala is now on the horizon! And there has been a CHANGE OF DATE AND LOCATION. The Gala will now take place on December 8th, ...
All the winners of the EurobuildCEE Awards 2025!!
The winners of the Eurobuild Awards 2024!
Eurobuild FM
The power of community
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
A breath of fresh air from France, or comments from Cannes part 3
A breath of fresh air from France, or comments from Cannes part 2
EurobuildCEE
The June issue of Eurobuild is now out!
The June issue of EurobuildCEE magazine has now hit the shelves! And one of its recurring themes is how best to operate in an increasingly mature and ...
This sporting real estate life
The May issue of Eurobuild is now out!
Events
JLL Charity Beach Volleyball Tournament on August 6th
On 6 August, the 15th JLL Charity Beach Volleyball Tournament for the Real Estate Industry will take place at Warsaw's Monta Beach Volley Club. Eurobu ...
Three days of lakeside cycling: EQT on the Move
Let's play volleyball again
Exclusive
The man from NASA
Czechia stands out as the CEE country with the largest volume of domestic capital invested across the region itself. Now, NASA Capital has entered Pol ...
Strengthening our presence – Wolfgang Molnar of Erste Group Bank
Experienced and out-of-the-box – Josef Malíř of SCF
Eye to eye
Eye to eye… with Władysław Grochowski
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.
Eye to eye… with Paweł Sapek
Eye to eye with… Daniel Bienias
For Ukraine
Nansen Refugee Award goes to Poland!
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 ...
Build Europe supports refugees and appeals to European Commission
Former Russian building to house Ukrainian refugees
Green projects
EIB grants CTP solar-powered €200m loan
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 ...
Cromwell granted €66m green loan for Janki
Pad Res to build 2 PV farms in Pomerania
Hotels
Accor to Open TRIBE Hotel at Kraków Airport
Accor has signed a franchise agreement for the TRIBE Kraków Airport hotel. Located next to the airport terminal, the 170-room property is scheduled to ...
Bucharest Hotel Market Set for Growth
Bob W to open fifth Tallinn property at Krulli Quarter
Human resources
Ghelamco reshuffles management team in Poland
Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as ...
Leadership change at Nepi Rockcastle
Change at the top for ULI Europe
Infrastructure
Port Polska and Kielce plan cargo terminal
Port Polska and the City of Kielce have signed a letter of intent covering plans for a cargo terminal in Obice, near Kielce. The centre would handle b ...
New railway station planned for Łapy
EUR 54 bln worth of contracts to be awarded for Port Polska in 2026
Interior design
ING Hubs Poland opens new HQ in The Form
ING Hubs Poland is officially moving into its new headquarters in The Form office building in Warsaw’s Wola business district. The more than 6,000 sqm ...
New food hall in Poznań
New look for Eurocentrum lobby
Investment & finance
Vilea joins Christie’s luxury property network
Vilea Property Boutique has become the exclusive Christie’s International Real Estate partner in Poland. The partnership brings the Polish firm into t ...
PGIM sells data centre development
Mint rezidenční fond buys 306 apartments in Prague
Land acquisitions
Panattoni enlarges its Swedish portfolio
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
CTP purchases land in Kragujevac
CTP secures major brownfield site
Material partner
Brownfield rather than greenfield – a model for sustainable development at City Point Targówek
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Nordbygg 2024: Many innovations and strong interest
Excellent Fern at Off Piotrkowska
Office & mixed-use development
Łódź City Council to move to University Business Park
Łódź City Council has leased 23,000 sqm at University Business Park on ul. Wólczańska. The move, planned for late 2027 or early 2028, will bring toget ...
Unimot renews lease in DL Jagiellońska 1
Diuna now 93 pct leased
Property and Facility Management
ISS takes over technical management of Axis in Kraków
ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing tec ...
Savills takes on TFI PZU retail portfolio
JLL takes on Equal Business Park
Public buildings
Prague 14 begins construction of primary school in Jahodnice
Prague 14 has begun construction of a new primary school in Jahodnice. The school, at U Hostavického potoka Street, will accommodate 540 pupils, with ...
Construction begins on emergency care unit at Prague’s Thomayer University Hospital
Dekpol to redevelop the Poznań Palm House
Residential
OKAM brings SiDLY telecare to PRESTIA senior residences
PRESTIA, a senior living project under development in Łódź, will offer residents SiDLY telecare services. Developer OKAM has partnered with the Polish ...
Dantex plans Nurt residential project in Wilanów
Trust Investment launches sales for final Sky Trust phase
Retail & leisure
4,750 sqm Modernised at Galeria Jurajska
Tenants at Galeria Jurajska in Częstochowa have modernised a total of 4,750 sqm of space since the start of 2026. Zara, Apart, Pitbull, Itaka and Wyją ...
Karuzela Ełk expands with HalfPrice
M1 Poznań sees over 3,200 sqm of leasing activity
Technology
Singu takes over QRmaint
Singu, a European platform for managing commercial property, has today announced the acquisition of QRmaint, one of Europe's fastest-growing providers ...
Łukasiewicz Research Network opens technology laboratory
Skanska installs NHIB in Studio A
Warehouse & industrial
Sonepar extends 13,000 sqm lease
Sonepar Polska has extended its lease for more than 13,000 sqm of warehouse space at Prologis Park Chorzów. The facility serves as the company’s distr ...
