Recorde Asset Management, the real estate fund management arm of Concorde Group, in close strategic cooperation with Forestay Group, is investing in the Móricz Student Living student residence and office building.
Total demand for office spaces in Budapest was up 21% year-on-year to 238,400 sqm, of which net take-up accounted for 105,860 sqm, according to the Budapest Research Forum (BRF).
Wing will open next year a new 4-star hotel with direct terminal access to the Budapest Liszt Ferenc International Airport. The hotel will be operated under a management agreement with Accor.
CA Immo and Morgan Stanley have signed the prolongation of a long-term lease agreement for around 20,000 sqm in Budapest-based Millennium Tower office buildings I-III.
Industrial developer CTP has leased over 100,000 sqm of logistics space across its Hungarian projects to a Korean company specialised in automotive logistics.
International Workplace Group (IWG), the provider of hybrid work solutions, has announced the opening of two flexible workspaces in Budapest and Miskolc under the Regus brand.
Kappahl has reopened its store in the Wola Park shopping centre in Warsaw after modernisation. The brand's fifth shop in the capital occupies an area of almost 1,000 sqm and is currently the chain's largest outlet in Poland.
Moët Hennessy Polska has leased almost 500 sq m of office space in Warsaw's Metropolitan building. Colliers experts supported the company in the process of selecting the new location, negotiating and finalising the transaction.
Lefties, part of Inditex Group, has opened a new digital store spanning 5,000 sqm in Iulius Town Timișoara. With this opening, Iulius’ project hosts all of Inditex's brands in a single project, which is a first for Romania.
New appointments
Savills Poland is strengthening its Industrial Services Hub team. Emil Chwieduk joined at the beginning of October, taking on the position of Associate.
Czech Logport Development has appointed Peter Pecník, HB Reavis's ex-group CFO and ex-country CEO (Poland), the new Chief Financial Officer.
Wrocław's Quorum complex, owned by the Cavatina group, has gained another tenant from the IT sector. The Hexe Capital Group will move to the Quorum D building, which is part of it, and will occupy about 720 sqm of space on the fourth floor there.
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