Since August, UBM Development Czechia has been building and now selling the second phase of its residential project Arcus City in Prague-Reporyje. Within this phase, 63 apartments and several commercial units will be built. The completion of this phase is scheduled for the end of 2024. In total, over 270 apartments, 10 family houses and several commercial units will be built in the project in three phases.

This month, the new printing and logistics facility of midocean was officially opened. The company took up 40,500 sqm at Panattoni Park Ruda Śląska III, from where it will serve customers in almost all of Europe.

Groundworks have started at this new business park in the southern part of the Hungarian capital. The first phase is scheduled to be open in June 2023. 

The recently finished Hall 'I' at Airport City Business Park, located at Liszt Ferenc Airport offers a total leasable area of 6,000 sqm and is fully occupied.

CTP has appointed Maarten Otte as Head of Investor Relations. He joins CTP Group from Unibail-Rodamco-Westfield, one of the world’s leading developers and operators of shopping malls, where he was Group Director of Investor Relations.

In the first half of the year, Globalworth’s net profit significantly improved to €32.6 million (H1 2021: €12.5 million) due to a fair value gain on investment property and an increase in the share of profit of equity-accounted investments in joint ventures. Globalworth released its interim report and unaudited consolidated financial results for H1 2022.

Companies are now concerned with creating the best conditions to meet the employees’ needs as they resume work in the office buildings, according to data from real estate consultancy Cushman & Wakefield Echinox.

Oasis Retail Development & Consulting, owned by Sibiu-based Klaus Reisenauer and Kurt Wagner, has started the second development phase of the Prima Shopping Center project in Sibiu, following an investment of €30 million.

Susanne Steinböck, Group Head of Corporate Communications and Sustainability at CA Immo talked to Property Forum about the current state of affairs in the European office market, its attractiveness and energy-related challenges it has to face in the nearest future.

As part of its value-creating growth strategy with a focus on high-return properties, Immofinanz is acquiring 53 retail properties in the Czech Republic, Poland, Slovakia and Hungary from its majority shareholder CPI Property Group (CPIPG). The acquired portfolio has roughly 217,000 sqm of rentable space and is fully let with an occupancy rate of 99%. The purchase price totals €324.2 million. The purchase contract was signed today, together with the closing for 36 retail properties in the Czech Republic and Poland which have 108,000 sqm of rentable space. The purchase price of €191 million for those properties was financed from existing funds. The closing for the remaining 17 properties in Hungary and Slovakia is expected to take place by the end of this year.