News At the end of the road, there has to be cashflow
14
Jun
2024

At the end of the road, there has to be cashflow

by Michał Poręcki
The panel discussion on the future of financing during the Future of Real Estate 2024 conference has shown that, for now, relations between the banks and the investors are rather cold. The event was held at the beginning of June in Warsaw by Property Forum and RICS.
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News Immofinanz sells office properties in Warsaw
13
Jun
2024

Immofinanz sells office properties in Warsaw

by Property Forum
Immofinanz has completed the sale of three office buildings in Warsaw to Echo Investment Group. The transaction price amounts to €28.5 million.
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News Prime Logistics Wrocław signs biggest warehouse lease of the year
13
Jun
2024

Prime Logistics Wrocław signs biggest warehouse lease of the year

by Property Forum
Prime Logistics Wrocław and logistics service provider LX Pantos have signed a lease for 100,000 sqm. The transaction saw LX Pantos renegotiate its contract and expand to a new building to consolidate its warehouse space in a single location. This marks the largest warehouse deal in Poland this year. LX Pantos was advised by Cushman & Wakefield. CBRE advised the owner of Prime Logistics Wrocław, Brookfield Properties.
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News Prague municipality plans to move
13
Jun
2024

Prague municipality plans to move

by Property Forum
The city of Prague is buying the company VN 42, owning an office building on the corner of Wenceslas Square and Štěpánské Street, from Komerční Banka, reports E15.cz. The municipality is planning to move employees from the Škoda Palace in Jungmannova Street, leased until the end of March 2028.
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News Metav starts new resi development near Bucharest
13
Jun
2024

Metav starts new resi development near Bucharest

by Property Forum
Romanian developer Metav has obtained the construction permit for a new residential project in Pipera, near Bucharest, and will start the development of the project this month.
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News VGP starts construction of new hall in České Budějovice
12
Jun
2024

VGP starts construction of new hall in České Budějovice

by Property Forum
VGP has started the construction of Hall B in VGP Park České Budějovice, located on the outskirts of the South Bohemian metropolis in the Světlík commercial zone, earlier this year. The "Small business units" concept represents a solution for small and medium-sized companies.
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News Karlák in Prague undergoes reconstruction
12
Jun
2024

Karlák in Prague undergoes reconstruction

by Property Forum
The office and business centre Karlák Shopping Square (formerly Charles Square Center) owned by KGAL is getting a new face. The complete rebranding, architectural modifications and reconstruction of retail and office spaces, including a modernised logo are all included in the reconstruction plan.
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News P3 expands logistics park in Prague
12
Jun
2024

P3 expands logistics park in Prague

by Property Forum
P3 Logistic Parks has acquired a standalone building next to P3 Prague D8 Park. Established two decades ago, the industrial park has grown to seven buildings totalling 176,840 sqm of leasable space, including the newly acquired hall.
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News Czech UDI Group prepares for hotel construction in Budapest
12
Jun
2024

Czech UDI Group prepares for hotel construction in Budapest

by Property Forum
International developer UDI Group is developing the Parkside project in Budapest. Baltic hotel group Mogotel is confirmed to operate it under the Staybridge Suites brand name of the global hotel chain IHG.
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News Italian architects to design for Penta in Bratislava
12
Jun
2024

Italian architects to design for Penta in Bratislava

by Property Forum
The Italian studio Stefano Boeri Architetti has been announced as the winner of the international architectural and urban planning competition opened by Penta Real Estate at the end of last year for the Chalupkova project in Bratislava. The land is located in the Mlynské nivy zone and is bordered by Košická and Chalupkova streets.
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Latest news


New leases

  • Iulius Mall Suceava has attracted a raft of new tenants. LPP will inaugurate a 2,000 sqm Reserved store in October. German retailer New Yorker will open a 1,400 sqm unit, while TEDi discounter will open a 900 sqm store in the project owned by Iulius.
  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.

New appointments

  • At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.
  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.

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