22
May
2020
May
2020
Hagag sells 60% of units in Bucharest residential project
Real estate developer Hagag Development Europe has completed the structure of the first three buildings related to the first phase of the large-scale residential project H Pipera Lake. Construction works for buildings 4 and 5 reached the ground floor. Out of the total number of apartments available in the first three buildings, 60% have already been sold
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22
May
2020
May
2020
NEPI Rockcastle reopens Budapest shopping centres
With the easing of the strict governmental regulations in Budapest, NEPI Rockcastle Group, the owner of Arena Mall and Mammut Shopping and Entertainment Center is starting to get back to its usual operation. The company has introduced further safety measures in their Budapest shopping centres.
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21
May
2020
May
2020
ČMN fund acquires Prague office building
By purchasing the Mezi Vodami 31 office building in Modřany, Prague, the NEMO Real Estate Fund, established by Českomoravská Nemovitostní (ČMN), expanded the total area of its office portfolio to 17,500 sqm. The value of the Fund’s portfolio now reaches €47.7 million (CZK 1.3 billion).
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21
May
2020
May
2020
7R builds BTS eco warehouse in Silesia
The construction of the first warehouse in accordance with 7R’s new 7R Green eco-concept is underway. The facility is being built in the BTS formula for logistics operator No Limit in the 7R Park Sosnowiec complex in Sosnowiec, Poland. The green solutions applied in the project will help to minimize No Limit’s environmental impact.
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21
May
2020
May
2020
Share of flex offices in Europe-wide take-up decreases
The share of flexible office space take-up across Europe decreased in the first quarter of 2020 to reach 5% from 9.5% at the end of 2019. The sector has expanded exponentially from 2017-2019, and is reaching maturity, as large providers become less expansionary.
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21
May
2020
May
2020
Colliers manages one more Warsaw office building
Colliers International has taken over the management of Biura przy Willi, an office building which belongs to the Browary Warszawskie project developed by Echo Investment.
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21
May
2020
May
2020
2.2 million sqm of warehouse space under construction in Poland
According to the latest Cresa Poland report, the first quarter of this year recorded very positive results for the warehouse and industrial market. Total stock at the end of the quarter exceeded 19 million sqm – an increase of 16.2% as compared to the corresponding quarter of 2019.
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21
May
2020
May
2020
Rock Development starts €30 million resi project in Bucharest
Local real estate developer Rock Development, controlled by a subsidiary of UniCredit Group, has launched the construction of the Avrig Park Residence residential project in Bucharest’s Bucur Obor area.
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21
May
2020
May
2020
COVID-19 could change the way we use offices forever
As COVID-19 restrictions are being gradually lifted, many employers are looking for solutions to enable workers to return safely to offices. However, the social distancing rules that are still in place are giving rise to many questions about protocols that should be introduced in the workplace. Savills has launched a special service and published a free guide titled Return to the Office.
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21
May
2020
May
2020
Retail part of new Warsaw mixed-use project opens
On 20 May, owners Tristan Capital Partners and White Star Real Estate opened the retail part of the Elektrownia Powiśle mixed-use project in Warsaw to the public.
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Latest news
- ATAL launches new residential project in Gdańsk
- Panattoni secures e-commerce tenant at Wałbrzych park
- Hellmann Worldwide Logistics leases space at MLP Poznań
- The buildings that survive the next decade won't be the greenest - They'll be the ones that can prove it
- Drooms forecasts 27% rise in European real estate deals
- Colliers reports 12% construction growth in Romania
- tbi bank raises Hexagon financing in Cluj-Napoca to €15 million
- Harden Construction builds logistics park for InPost in Toruń
- One United Properties fully leases office portfolio in Bucharest
- Cavatina revitalises 3.8 ha of public space in Wrocław
New leases
- UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
- Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
- Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
New appointments
- Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
- Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
- Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
