Echo Investment summarizes the first half of 2021, taking into account the results of the Archicom S.A. group for the first time. The first six months of 2021 brought the Group over PLN 47 million in net profit, which was mainly the result of handing over to customers 398 apartments built by Echo Investment, as well as 202 apartments of Archicom and an increase in the value of office buildings – in particular Malthouse Offices in Warsaw Breweries and Brain Park I in Cracow. Important item that influenced the results for the first half of the year and the second quarter was the profit on purchase price allocation of Archicom S.A. shares.

One of the largest shopping and entertainment centre in Poznan, managed by Sierra Balmain, was sold to a new investor. The agreement finalizing the transaction was signed on September 22, 2021.

The first modern regional shopping centre in Prešov, the third biggest city in Slovakia, is opening a second stage on 23 September. JTRE’s expanded EPERIA Shopping Mall will include new fashion brands, restaurants, and a multiplex cinema, with the retail area increasing by 50%.  The shopping centre will provide visitors with a wide range of customer services, more parking spaces, and new indoor and outdoor relaxation zones.

Panattoni is completing a logistics centre for non-food discount chain Action in Bieruń with an area of ​​60,800 sqm, of which more than 58,000 sqm will be warehousing space. The BTS facility, which should be ready in September this year, will improve the company’s logistics processes for southern and central Poland, as well as across Europe. The investment is to be BREEAM certified at the ‘Excellent ‘level.

The first column has been placed of the first 45,000 sqm warehouse in Fót, which is an important milestone in launching one of Hungary’s largest industrial and logistic developments by HelloParks, a member of Futureal Group, after the first tenants started to move into another megapark of the company in Maglód. For this energy-efficient, BREEAM sustainability standard-compliant facility that is developed as a part of a greenfield investment close to the Hungarian capital, the composition of the tenants is already outlined: negotiations are at an advanced stage, mainly with e-commerce, parcel logistics and courier businesses, as well as logistics companies serving a single manufacturing company.

Masterbuild, the Romanian developer and construction firm, says it has started works for the research centre TGA Technologies for Green Aviation in Craiova with a total investment of more than €17 million. 

Pasaż Warmiński in Lidzbark Warmiński has changed its owner. The transaction is announced by the LCP group, which has acquired another project for its "convenience retail" portfolio.

CPI Property Group signed framework agreements with advisory company JLL for comprehensive project management services in 13 office buildings in Warsaw. The total GLA that the cooperation encompasses is approximately 320,000 sqm. The JLL Project & Development Services team will be responsible for the implementation.

The COVID-19 pandemic continues to affect our professional and private lives to an unprecedented degree, changing many aspects of the way businesses and public sector services operate. In its latest report "Defining the New. New work models and approaches in the BSS sector" Colliers presents the results of a survey conducted among 76 members of the Association of Business Service Leaders (ABSL) – executives from the BSS sector.

FLE SICAV FIS, managed by FLE GmbH, has acquired the Rockwell Automation warehouse and industrial facility in Katowice. Knight Frank advised the buyer. The value of the deal is confidential.