The hotel will be erected on Hungaria Boulevard and is an investment of Europa Investment Property, which belongs to the Premiot investment group, Építészfórum reports.

The second full-service apartment building with fully furnished apartments is being opened in Prague for short- and long-term living by Zeitraum, a leading operator of serviced apartments in Central-Eastern Europe.

Both Polish and international companies are reporting a growing demand for modern data centres. While the availability of suitable development land in established Western European markets is shrinking, Poland still has a large pool of excellent and affordable sites meeting data centre requirements.

Danny Bercovich was promoted to Regional Director of Retail of GTC. Previously, he has served the company as the CEO of GTC in Bulgaria and Romania. In the new role, Mr Bercovich will steer the company’s operations and growth strategy in the retail segment.

Industrial developer CTP Group has recently delivered over 100,000 sqm in CTPark Bucharest North, which is becoming a new logistics hub for e-commerce companies. Following an investment of €160 million, this further expansion at the park is expected to push the total leasable area above 200,000 sqm by year-end.

A part of the Prague-based residential project Hagibor, which is being built by Crestyl Group, is now owned by Invesco Real Estate. The acquisition concerns the third phase of the residential part of the project, namely the Delta building, which is already under construction and is to be used for rental housing in the future. The price of the transaction, which was reported by the daily E15, was not published.

It's been a good, strong start to 2022 in Poland's office market, which offers hope that a long-awaited boom in demand is coming after a market slump. Companies have adapted to the new working conditions, and due to the easing of restrictions related to the covid-19 pandemic, they have launched a campaign to encourage employees back into offices. On the other hand, Warsaw and the eight largest regional markets, i.e., Kraków, Wrocław, Tricity, Katowice, Łódź, Poznań, Szczecin, and Lublin, may face a slowdown in new supply in the coming months. AXI IMMO looks at the current trends after Q1 2022 in the office market and analyses what will influence its development in the following months of the year.

Korean logistics company Unico Logistics has leased 11,250 sqm of space in the newly built hall at BIK Park Wrocław. The investment carried out by Biuro Inwestycji Kapitałowych near Wrocław will provide a total of 22,500 sqm of modern warehouse space. The commissioning of the ready-made facility is planned for September this year. The offer also includes free warehouse modules for rent.

EPP has finalised the sale of its 70% stake in the Towarowa 22 mixed-use project in Warsaw to AFI Europe. It is historically one of the largest land transactions in Poland in terms of value, with the total plot value exceeding €180 million.

Fidurock, the Czech/Dutch company that owns Retail Park Trnava, has started to build phase II of the project, which is located in Western Slovakia, 44 km northeast of Bratislava. The extension of this retail park is planned to be completed by the end of this year.