News White Star Real Estate buys office complex in Cluj-Napoca
30
Sep
2019

White Star Real Estate buys office complex in Cluj-Napoca

by Property Forum
White Star Real Estate and its partner, an investment fund of a major US university have completed the acquisition of Liberty Technology Park Cluj from Fribourg Development, the real estate division of Fribourg Capital. Liberty Technology Park comprises 18,000 sqm of former industrial buildings. The five Class A office buildings are BREEAM certified. Located north of the city, the park has a number of IT&C and R&D tenants, such as Siemens, IBM, Majorel and Altran.
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News Vastint sells four buildings in Poznan
30
Sep
2019

Vastint sells four buildings in Poznan

by Property Forum
Vastint Poland has entered into a definitive agreement for the sale of the first stage of Business Garden Poznan. The Singaporean fund Cromwell European REIT became the new owner of the property.
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News Globalworth completes delisting from Warsaw Stock Exchange
30
Sep
2019

Globalworth completes delisting from Warsaw Stock Exchange

by Property Forum
Globalworth confirmed the completion of the delisting of its Polish subsidiary, Globalworth Poland Real Estate N.V. from the Warsaw Stock Exchange with effect from 29 September 2019.  With the company's shareholding in GPRE having reached 99.92%, the remaining shares in GPRE will now be acquired through a mandatory acquisition, thereby completing this process.
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News CBRE Romania announces new promotion
30
Sep
2019

CBRE Romania announces new promotion

by Property Forum
CBRE promotes Tudor Ionescu as Head of Advisory & Transaction Services for the office sector of CBRE Romania. The nomination of Tudor, a professional architect, specialised in workplace consultancy, represents a change of strategy of CBRE, which becomes the first real estate company focusing on the experience of users in office spaces.
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News Atenor moves into next phase of Budapest project
30
Sep
2019

Atenor moves into next phase of Budapest project

by Property Forum
Atenor has opened a new showroom in Aréna Business Campus Building A that is under construction in Budapest. The building will be handed over in Q2 2020. At the same time, construction of Building B has already been started.
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News Panattoni Europe expands in Toruń
30
Sep
2019

Panattoni Europe expands in Toruń

by Property Forum
Panattoni Europe expands its portfolio in the Kuyavia-Pomerania region. The cornerstone has been laid under Panattoni Park Toruń II with planned space of 57,500 sqm. The two-building complex is being built in the north-eastern part of Toruń and has already secured its first tenant – a logistics operator, set to take up 5,000 sqm. Stage one of the investment process – a hall featuring close to 16,500 sqm – will be completed by next March.
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News C&W to commercialise shopping centre in Poland
30
Sep
2019

C&W to commercialise shopping centre in Poland

by Property Forum
Cushman & Wakefield has been appointed an exclusive commercialisation agent for the Bawełnianka Shopping Centre in Bełchatów. The owner of the scheme is Krakow-based Gbb Invest Spółka z o.o.
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News CTP moves ahead at full speed after landmark transaction
26
Sep
2019

CTP moves ahead at full speed after landmark transaction

by Ákos Budai
Having closed CEE’s largest ever real estate transaction this summer, CTP is carrying on with its ambitious development plan. Group CFO Richard Wilkinson talked to Property Forum about the company’s upcoming projects and the financing conditions industrial developers face.
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News Radisson Hotel Group signs new resort in Poland
26
Sep
2019

Radisson Hotel Group signs new resort in Poland

by Property Forum
Radisson Hotel Group announced an agreement with Polish hotel investor Europlan for a new Radisson Blu resort in Poland. Located in Mazury Lakes, the Radisson Blu Resort, Ostroda Mazury Lakes will have its own marina and water park. The new property brings the group´s portfolio in Poland to 19 properties across five brands – including Radisson Collection, Radisson Blu, Radisson RED, Radisson and Park Inn by Radisson – and will strengthen the group´s position as the largest international operator for leisure destinations in Poland.
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News M7 sells logistics portfolio in Hungary
26
Sep
2019

M7 sells logistics portfolio in Hungary

by Property Forum
M7 Real Estate has completed the sale of a portfolio of five logistics parks across Hungary, on behalf of M7 Central European Real Estate Fund I (CEREF I).
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Latest news


New leases

  • Stay Fit Gym, the largest fitness chain in Romania and Eastern Europe, is launching a new premium concept for those seeking high-end facilities. The brand is debuting its first "Black" type centre in the Palas Iași mixed-use complex, owned by Iulius.
  • Toy manufacturer and distributor Simba Toys Polska has extended its lease for approximately 8,550 square meters in the MLP Pruszków II logistics complex for another period. Axi Immo assisted the tenant in closing the transaction.
  • Vastint Romania has attracted Romanian confectionery brand French Revolution as a new tenant in Bucharest-based Timpuri Noi Square. French Revolution Timpuri Noi Square is the 6th store of the company in Bucharest.

New appointments

  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
  • Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.
  • Tomasz Chojnacki, a commercial property expert with nearly 20 years’ experience, has joined international real estate advisory firm Newmark Polska as Regional Director for Southern Poland in its Office Department, with effect from 1 August. His key responsibilities include representing office tenants during relocations and lease renegotiations.

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