Office & mixed-use development
Axi Immo has decided to extend its existing lease and add new space for its growing business lines in Warsaw's Spektrum Tower office building.
Material partner
Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.
Warehouse & industrial
VGP, a European provider of logistics spaces and semi-industrial real estate, has initiated the construction of the third building in VGP Park Bucharest North (A3). Building A covers an area of almost 26,000 sqm and has already two tenants, who have signed lease contracts for a total of more than 8,000 sqm.
Investment & finance
Real estate investor and fund manager Cromwell Property Group has announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund to Star Capital Finance for EUR 285 mln.
Investment & finance
Skanska has sold the Studio B office building in Warsaw to Stena Real Estate for EUR 86 mln. This is already third transaction between the two parties in Central and Eastern Europe.
Investment & finance
Peakside Capital and Generali Investments Slovenia have sold, on behalf of Generali Adriatic Value Fund, the Austria Trend hotel located in the Slovenian capital.
Warehouse & industrial
Garbe has completed a distribution warehouse it developed in Holzgerlingen, south of Stuttgart, Germany, with a total area of around 14,500 sqm. The property was now officially handed over to Edeka Südwest.
Investment & finance
ING Bank Śląski has agreed to lend more than EUR 26.8 mln to MLP Group. The purpose of the loan is to refinance existing projects spanning an area of 58,200 sqm, and finance the construction of another 21,700 sqm of warehouse facilities within the MLP Poznań and MLP Poznań II logistics parks.
ESG
Sopot Marriott Resort & Spa, inaugurated in 2012, has been awarded the LEED Gold certification in the Operations and Maintenance category, granted to existing buildings.
Office & mixed-use development
Volvo Tech Hub will occupy 10,000 sqm of space in the Brain Park C building owned by Echo Investment. The new part of Volvo Car Poland will move into the Kraków office building in stages, starting in September 2024.
Investment & finance
Panattoni has received financial support for the development of the City Logistics Kraków III project. The EUR 21 mln loan granted by mBank will make it possible to finalise the construction of the logistics park, located in Kraków’s Nowa Huta district.
Warehouse & industrial
7R has started a partnership with Wood & Company to jointly realize the development of 7R Park Tczew III. The first of four warehouses, mostly leased by ESA logistika Polska, has just been commissioned by Dekpol Budownictwo, while further halls are in the pipeline.
Investment & finance
Real Management has signed a loan agreement with mBank for over EUR 14 mln in funding for construction of the Good Point V warehouse and production park in Łubna.
Warehouse & industrial
Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.
Office & mixed-use development
The Office House building in the Towarowa 22 project has reached its target height of nine floors. Installation of energy-efficient glass has begun on the façade.
Eurobuild CEE
The May issue of "Eurobuild" has already been published, as usual, full of interesting articles and professional analyses! Lovers of news in the fields of technology, investments, finance, PRS, retail and logistics will not be bored!
Office & mixed-use development
Eurocash Group is staying at the Warsaw office complex, part of the portfolio of Pine Bridge Benson Elliot and Syrena Real Estate, for the next few years. Eurocash has signed a lease for four floors in Building A at Diuna, totalling nearly 4,600 sqm.
Investment & finance
A specialist real estate investor has purchased the Panattoni Park Poznań XI for EUR 92.5 mln. The centre is one of the main logistics hubs for a leading European fashion platform for its operations.
Eurobuild FM
Welcome to a special episode of Eurobuild FM! Next Monday, the May issue of the "Eurobuild CEE" monthly will be released, and today we have a preview of the cover topic in the form of a podcast.
Warehouse & industrial
Medivet, a provider of veterinary services and products, has leased more than 6,500 sqm of warehouse and office space at Fortress Logistics Park Bydgoszcz. The company will occupy circa 6,600 sqm in the facility.
EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's employees, including local property management teams will join EPP.
M Core announces the launch of ‘Square 7 part of M Core’, a strategic joint venture between M Core and Square 7 Properties, to establish a new management platform for the M Core portfolio of 25 retail parks across Romania.
The Cushman & Wakefield Echinox has been appointed to manage the Expo Business Park office project, located in the Expozitiei area of Bucharest. As a result, the portfolio managed by the company’s asset services department reached almost 500,000 sqm.
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.
Savills will become the manager of the Lakeside office building. The complex is currently the largest development being built outside the central part of the capital. Atenor is responsible for its development.
Savills is to manage Okam's F.S.O Park development in Warsaw's Żerań district, covering the operation of the existing warehouse and office space.
Tattersall Lorenz has been appointed property manager of Schroder portfolio with a lettable area of over 230,000 sqm. The firm will also provide support for letting management and an ESG service contract for the properties.
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.
Tattersall Lorenz has been chosen by Oxford Properties and Norges Bank Investment Management (NBIM) to undertake the technical and commercial property management as well as accounting of the Sony Center at Potsdamer Platz in Berlin.
Talyo Property Services commenced the property management of the 'roomments.apartmenthouse' in Stuttgart. The cooperation started last month and covers commercial and technical property management as well as letting and warranty management of the property completed in 2019.
Tattersall Lorenz will take over both the technical and commercial property management for a GLP Germany portfolio of 46 properties commencing April 1, 2023.
Cushman & Wakefield has taken over the management of a portfolio of three shopping centres and one retail park acquired from Tesco last year by the Hungarian Adventum Group.
Cushman & Wakefield took over the management of Atrium Flora in Prague’s Vinohrady district, a shopping centre owned by G City Europe.
Business Campus, an office complex in Katowice with a combined area of close to 50,000 sqm, has a new property manager. Its owner, a joint venture of the Czech fund INVESTIKA realitní fond and Luxembourg-based private equity investor Bud Holdings, has entrusted real estate advisory firm Savills to provide property management for the complex.
Colliers has been appointed property manager of four buildings of Łużycka Office Park and also of Łużycka Plus in Gdynia, which were recently acquired by a joint venture between Czech-based Investika realitní fond and Luxembourg-registered Bud Holdings.
MVGM has signed an extension to its property management contract for the retail and service space in five office buildings in Poland owned by PineBridge Benson Elliot and Sharow Capital.
Colliers has joined forces with Hungarian-based accessibility certification company Access4you in the Czech Republic. The two companies will assist people with special needs and disabilities to integrate themselves better into daily business life regardless of the type of work environment.
Following a tender, Allianz Real Estate has appointed Multi Corporation to be the property and asset manager for the Central shopping centre in Bratislava.
German facility management specialist Apleona has acquired Polish counterpart FM Solutions. The terms of the deal have not been disclosed.
Savills has acquired Knight Frank’s commercial property and asset management team in Poland. Under the agreement, 35 employees have joined Savills while its Polish PM portfolio has surpassed 1.2 mln sqm.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
In Berlin Hyp’s most recent Trendbarometer, more than 200 real estate professionals expressed their opinions on opportunities and risks in the real e ...
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 ...
Sopot Marriott Resort & Spa, inaugurated in 2012, has been awarded the LEED Gold certification in the Operations and Maintenance category, granted to ...
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 ...
The May issue of "Eurobuild" has already been published, as usual, full of interesting articles and professional analyses! Lovers of news in the field ...
Welcome to a special episode of Eurobuild FM! Next Monday, the May issue of the "Eurobuild CEE" monthly will be released, and today we have a preview ...
On 24 May 2024, we will inaugurate a new event in the real estate community - Eurobuild's Annual Running Tournament! Participants will run through the ...
This latest episode of 'Eye to Eye' is hot out of the podcast oven and ready to listen to! Eurobuild’s guest today is Paweł Sapek, the head of Prologi ...
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 ...
IHG Hotels & Resorts and Novum Hospitality announced a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almos ...
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 th ...
The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
Real estate investor and fund manager Cromwell Property Group has announced the sale of six retail centres across Poland, held by the Cromwell Polish ...
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Last week, Nordbygg, Northern Europe’s biggest trade fair for professionals in construction and real estate industry, took place at Stockholmsmässan i ...
Axi Immo has decided to extend its existing lease and add new space for its growing business lines in Warsaw's Spektrum Tower office building.
EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's em ...
Echo Investment and its subsidiary Archicom have started the construction of a primary school for 450 pupils on ul. Konstruktorska in the Służewiec su ...
135 of the 650 residences have already been sold in the pre-sale phase of JTRE’s new Downtown Yards project. The mixed-use neighbourhood in Bratislava ...
The Cepelia pavilion at the junction of Al. Jerozolimskie and ul. Marszałkowska in Warsaw is undergoing renovation. A three-storey Empik store with a ...
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experien ...
VGP, a European provider of logistics spaces and semi-industrial real estate, has initiated the construction of the third building in VGP Park Buchare ...
An open door to redefining the commercial real estate market in Poland
An open door to redefining the commercial real estate market in Poland
Walter Herz
The investment slowdown in the commercial real estate sector that we have been observing in Poland for over a year is primarily the result of the tightening of monetary policy arou ...
The retail sector is not slowing down
The retail sector is not slowing down
Walter Herz
The pandemic, conflict in Ukraine as well as inflation and high interest rates that recent years have brought have reshaped the real estate market around the world. The global slow ...
Retail parks – current opportunities
Retail parks – current opportunities
Avison Young
Over the last few years, retail parks in Poland were mostly developed in smaller formats, around 5,000 sqm, either adding to the existing retail landscape or introducing modern ret ...