Europa Capital completes transformation of Warsaw hotel

30
May
2019
News - Europa Capital completes transformation of Warsaw hotel #Europa Capital #hotel #Poland #Radisson #Warsaw

by Property Forum | Hotel

Europa Capital has completed a comprehensive refurbishment of Warsaw’s Radisson Blu Centrum Hotel, which has now reopened as a five star Radisson Collection branded hotel.


The hotel features 311 rooms and suites, which have been significantly upgraded, in addition to a modern lobby, lounge restaurant and bar, and open plan communal areas including a fine dining restaurant. The hotel also offers over 590 sqm of meetings and events facilities, with the capacity to host more than 400 delegates.

Europa Capital partnered with WX Management Services on the project, drawing on the firm’s localised and sector-specific asset management skills. Europa Capital and WX Management Services previously worked together to refurbish the Radisson Blu Sobieski Hotel, Warsaw which successfully completed in 2010. The Radisson Collection Hotel, Warsaw will be operated by Radisson Hospitality AB under an International Management agreement.

James Pennington, Director at Europa Capital, commented: “This major refurbishment programme has been delivered to business plan and timeline and we are delighted with the result.  The newly refurbished Radisson Collection Warsaw is a modern, fit-for-purpose hotel that will meet the demand for premium accommodation from the city’s growing number of business travellers and tourists.”




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.

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