ARTICLES LABELLED WITH TAG development

Atenor has appointed János Martin as Country Director for Hungary as of November 4, the company announced on LinkedIn.

Penta Real Estate has attracted Alto Real Estate as a minority partner in its Chalupkova project in Bratislava through a joint venture arrangement. Alto will hold a 49% stake while Penta retains management control over the development and construction.

Grupo Lar Polska has entered into a strategic joint venture with Lithuania’s Galio Group, marking a new phase in its expansion in the Polish residential market, the company announced on LinkedIn. The partnership combines Grupo Lar’s strong local presence with Galio’s large-scale development expertise, with the goal of delivering around 1,000 modern apartments across prime locations in Poland. Grupo Lar Polska will serve as the managing partner.

Atal has started sales of 90 apartments in phase IIIA of the Zacisze Marcelin estate in Poznań. The residential development in the Marcelin district features ecological solutions, good infrastructure and access to green areas. The estate is characterised by low-rise buildings with only 7-8 apartments each. The architectural project was created by Atal's in-house design studio, with completion planned for Q2 2027.

A retail park is being developed on the site of the former Glinki shopping centre in Bydgoszcz, with opening planned for Q1 2026. The project, developed by Redkom Development, will initially have 16,000 sqm GLA. A second phase is planned to add another 4,000 sqm GLA. The investor is Newgate Investment.

According to the latest Savills report, the supply of modern office space in Poland's eight largest regional cities reached 6.73 million sqm. While the market shows signs of stabilisation, new supply has slowed significantly. Between January and September, only 18,000 sqm of office space was delivered - 76% less than in the same period of 2024.

Construction has begun on the region's newest Stop Shop retail park in the city centre of Salgótarján, Hungary. The project is developed by CPI Hungary.

Panattoni has purchased a 13-hectare plot on behalf of investor Jet Investment and is launching a new development in the Podkarpacie region. The first phase of Panattoni Park Rzeszów North II will include two buildings totaling over 42,000 sqm, with three tenants already signed. The complex will ultimately exceed 110,000 sqm.

Skanska has leased the entire second phase of its H2Offices development project in Budapest while still under construction. Work began on the second building of the three-phase complex on Váci út in Q4 2024, with concrete structures now reaching the second floor level of the existing building. When completed, the second building will offer over 22,000 sqm of office space.

Construction group HSF System from investment holding Purposia Group has signed a contract to build the Biskupská residential project. The new apartments will be located in an attractive area directly in the centre of Ostrava, near the Ostravice river and Masaryk Square.