We regret to inform you that Piotr Kroenke, long-time general director of GTC and co-creator of many of the company's successes, has passed away.
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.
BIK Park Sosnowiec II has successfully passed the BREEAM certification at the Very Good level. Last year, BIK Park Wrocław I and II - two other properties from the portfolio of Biuro Inwestycji Kapitałowych - went through the same assessment process.
According to the special research report Romania Retail Destinations 2024, released by CBRE Romania, by the end of 2024 the stock of modern retail spaces in the country will overpass 4.5 mln sqm. It will set a new record for Romania.
Panattoni has built another facility in Lesser Poland, City Logistics Krakow Airport II. The investment was made on a speculative basis and already has its first tenant – Allegro.
Marelvi, a distributor of electronics and home appliances in Romania, has extended its lease agreement for more than 8,100 sqm of space at the MLP Bucharest West logistics park.
The next edition of our monthly magazine is now available both in paper and digital versions! Traditionally, the new issue was first sent to our conference guests, and then to all readers!
Panattoni has launched the construction of Panattoni Park Ruda Śląska IV. A major tenant has already been found with Midocean to lease 20,000 sqm of storage space, including an extension option for a further 10,000 sqm.
Mitiska REIM has sold a 6.7ha land plot to Momentum Leisure to develop a theme and water park which will further reinforce the offering of the Europa Centralna retail center, located in Gliwice.
CTP, in cooperation with Ruby Project Management, has received the highest level of the WELL certification for its project Domeq in Brno. It's the first residential investment in the country to meet the criteria.
Hillwood has increased its loan with Millennium Bank to EUR 29 mln for the construction of phase II of the Park Hillwood Zgierz I project, located in Central Poland, 2.5 km from the A2 motorway entrance and 15.5 km from the A1 motorway junction.
Panattoni has finished the construction of a logistics centre for Hermes Fulfilment. This is the first project that has been built for the company in Poland.
Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries. After the first three months of this year, the office sector in Bucharest shows a positive fluctuation in terms of total leasing activity, being 71 pct higher than the same period last year.
Welcome to Eurobuild FM! We invited an excellent expert to the today's episode – distinguished structural engineer Tristram Carfrae, deputy chair of world-renowned design consultants Arup gave us an exclusive interview.
LemonTree, in cooperation with Commercecon, has launched the construction of Booster Zabrze following the cornerstone ceremony for the project. The mixed-use development will ultimately offer more than 100,000 sqm of retail, logistics and office space, surrounded by landscaping — accessible to both tenants and local residents.
EPP and Echo Investment have successfully secured a loan worth EUR 145.2 mln for the new financing of the Galeria Młociny shopping centre in Warsaw.
One United Properties has concluded a memorandum of understanding with CPI Property Group for the acquisition of a 21 ha site close to the Eroii Revoluției metro station just south of Bucharest city centre. The project planned on the site should see the construction of round 5,000 housing units.
Panattoni is developing another BTS project for K-Flex – an international manufacturer of elastomeric thermal and acoustic insulation materials. A seventh building of 20,000 sqm in the warehousing and manufacturing complex in Uniejów will be completed in June this year.
Hillwood Polska has signed a loan agreement with mBank worth more than EUR 28.4 mln for the construction of a warehouse in Dobrzykowice near Wrocław. The building will be part of the Hillwood Wrocław East project being developed together with LCube.
Solida Capital Europe and 1 Asset Management selected Pekabex for the execution of the purpose student housing PBSA project located in Puławska street in Warsaw.
According to the special research report Romania Retail Destinations 2024, released by CBRE Romania, by the end of 2024 the stock of modern retail spaces in the country will overpass 4.5 mln sqm. It will set a new record for Romania.
Mitiska REIM has sold a 6.7ha land plot to Momentum Leisure to develop a theme and water park which will further reinforce the offering of the Europa Centralna retail center, located in Gliwice.
Hillwood has increased its loan with Millennium Bank to EUR 29 mln for the construction of phase II of the Park Hillwood Zgierz I project, located in Central Poland, 2.5 km from the A2 motorway entrance and 15.5 km from the A1 motorway junction.
EPP and Echo Investment have successfully secured a loan worth EUR 145.2 mln for the new financing of the Galeria Młociny shopping centre in Warsaw.
Hillwood Polska has signed a loan agreement with mBank worth more than EUR 28.4 mln for the construction of a warehouse in Dobrzykowice near Wrocław. The building will be part of the Hillwood Wrocław East project being developed together with LCube.
Dubai-headquartered investment platform Solida Capital has acquired the G5 office building at ul. Grójecka 5 in central Warsaw from Cromwell European REIT for EUR 15.86 mln. The property is to undergo a refurbishment following the change of ownership and will be rebranded as G5 Prime Offices.
Panattoni has gotten financing to develop a factory for global lighting expert Trilux, a company that specialises in environmentally-friendly B2B solutions. The loan of EUR 18,3 mln was granted by Alior Bank.
Hungarian real estate group Futureal Investment Partners has sold for an undisclosed sum two buildings of Lipowy Office Park in Warsaw to the 1AM CEE Student Housing Fund, which is managed by Vilnius-based 1 Asset Management.
ARA Europe and the Romanian investor Gheorghe Iaciu have sold the Expo Market Doraly shopping centre in Afumați on Bucharest’s north-eastern outskirts to Belgian warehousing group WDP for an undisclosed sum.
Hungarian developer Faedra Group has sold its 16,600 sqm Faedra22 warehouse development in southern Budapest to a German investor for an undisclosed sum.
MLP Group has unveiled the key goals of its growth strategy for 2024–2028. The 2024 plans have been updated in response to shifts in the macro environment and the impact of the war in Ukraine.
Inrev’s Quarterly Fund Index confirms an ongoing correction in the European real estate market. The Q4 2023 performance was yet again negative, a total return of -1.70 pct, and a sharp decline from -0.56 pct reported in Q3 2023.
Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a "pivot point", with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate® Global Outlook 2024 from PwC and the Urban Land Institute.
NEPI Rockcastle has expanded its development and refurbishment pipeline in 2024 to just over EUR 650 mln across its Central and Eastern European markets, the biggest retail investment programme in the region.
The Rock Park Przeworsk retail park, opened at the beginning of February, gained a new owner after a month of operation. The transaction took place between RockCapital. and ME Invest, a company owned by TERG S.A., owner of the Media Expert chain.
MLP Group has successfully placed EUR 41 mln worth of bonds, comprising an entire issue, with 35 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank.
Investment firm Lords LB Asset Management has completed the purchase of the Technopolis Ozas office campus in Vilnius with a total area of over 100,000 sqm. The seller was Technopolis Lietuva.
Żabka Group has received approval from the Romanian National Authority for Consumer Protection to acquire a majority stake in FMCG distribution leader DRIM Daniel Distributie in Romania. As a result, Żabka Group met all regulatory requirements and finalised the transaction.
Erste Group Bank recorded an operating result of 5.5 bln euros in 2023, an increase of 38 pct compared to the previous year. The company expects that economies in CEE region return to growth path in 2024.
Panattoni has received financing for the expansion of Panattoni Park Ruda Śląska II. The loan of EUR 9.4 mln was granted by Millennium Bank.
Dutch studio Benthem Crouwel Architects together with Czech architects OVA have won the competition to redesign a quarter of Vítězné náměstí (Victory ...
According to the report released by research firm Spectis, “Modular construction market in Poland 2024-2029”, top 100 manufacturers of prefabricated b ...
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 ...
BIK Park Sosnowiec II has successfully passed the BREEAM certification at the Very Good level. Last year, BIK Park Wrocław I and II - two other proper ...
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 next edition of our monthly magazine is now available both in paper and digital versions! Traditionally, the new issue was first sent to our confe ...
Welcome to Eurobuild FM! We invited an excellent expert to the today's episode – distinguished structural engineer Tristram Carfrae, deputy chair of w ...
We regret to inform you that Piotr Kroenke, long-time general director of GTC and co-creator of many of the company's successes, has passed away.
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 ...
CPI Property Group has sold a 50 pct stake in a subsidiary that owns eight hotel properties in the Czech Republic to Bratislava-based Best Hotel Prope ...
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 ...
According to the special research report Romania Retail Destinations 2024, released by CBRE Romania, by the end of 2024 the stock of modern retail spa ...
Slovak investment fund Prvý realitný fond, through its company Logis Rugvica, has acquired a plot of land in the area of the village of Sveta Helena n ...
Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the constr ...
Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all dr ...
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 managem ...
Echo Investment and its subsidiary Archicom have started the construction of a primary school for 450 pupils on ul. Konstruktorska in the Służewiec su ...
One United Properties has concluded a memorandum of understanding with CPI Property Group for the acquisition of a 21 ha site close to the Eroii Revol ...
Terg, the owner of Media Expert, plans to strengthen its portfolio of investments in its own retail locations. The company wants to put into operation ...
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experien ...
Panattoni has built another facility in Lesser Poland, City Logistics Krakow Airport II. The investment was made on a speculative basis and already ha ...
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 ...