ARTICLES LABELLED WITH TAG development

News Bucharest's office market is getting greener
18
May
2017

Bucharest's office market is getting greener

by Ákos Budai
The Bucharest office market recorded leasing transactions more than 100,000 sqm during Q1.2017, almost doubling the volume of transactions recorded in the same period of the previous year. Net office take-up during Q1 2017 stood at 57,200 sqm. Colliers International published its summary of the Bucharest office market in Q1 2017
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News NEPI builds new malls in Romania and Serbia
18
May
2017

NEPI builds new malls in Romania and Serbia

by Ákos Budai
According to a summary of Q1 2017 results, NEPI made progress with planning and permitting for several developments and extensions, including those in Galati, Novi Sad and Ramnicu Valcea. Further to the receipt of certain approvals, Victoriei Office in Bucharest is expected to receive permitting for the internal fit-out during the next quarter, enabling tenants to start operations in the fourth quarter of 2017. Zoning and permitting for the Promenada Mall extension continue to experience delays. 
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News Vodka distillery to be transformed in Łódź
17
May
2017

Vodka distillery to be transformed in Łódź

by Ákos Budai
The historic area of the old Monopol Wódczany vodka distillery will be transformed into Monopolis, a project that will combine office space, services and cultural amenities along with restaurants. Construction works at Monopolis will be launched in H2 2017 by developer Virako.
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News Cresco completes office development in Bratislava
12
May
2017

Cresco completes office development in Bratislava

by Ákos Budai
Cresco Group’s latest development in Bratislava, UNIQ Staromestská has received its final inspection certificate. The building consists of three underground and seven above-ground floors. It offers 7,656 sqm of office space, complemented with retail facilities and storage areas covering 917 sqm. 
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News Prague office supply to grow significantly in H2 2017
05
May
2017

Prague office supply to grow significantly in H2 2017

by Ákos Budai
There is currently 343 000 sqm of office space in development in Prague, 144 000 sqm of which is slated for completion this year. This is the strongest development pipeline since 2014. That being said, the first quarter did not launch the major increase in new office stock expected in the wake of the historically weakest year of 2016. Completion of the majority of new space is planned for the second half of this year.
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News CTP expands in Hungary
02
May
2017

CTP expands in Hungary

by Ákos Budai
CTP signed several new leases in Hungary in the first quarter of 2017 which means that construction is now underway in four different locations in the Transdanubia region. The real estate developer, present in Hungary since early 2016, now manages an industrial property portfolio of about 300,000 sqm. 
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News New office development to start in South Buda
02
May
2017

New office development to start in South Buda

by Ákos Budai
Berlin-based developer Bischoff & Compagnons is to start a new office development, named Alphagon, in the South Buda area of Budapest. CBRE has been commissioned with the leasing of the property.
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News Warsaw’s centre successfully absorbs  new supply
02
May
2017

Warsaw’s centre successfully absorbs new supply

by Ákos Budai
The office market in Warsaw maintains momentum with demand for office space reaching 194,000 sqm in Q1 2017. JLL summarized Q1 2017 on the office market in Warsaw.
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News Prologis completes BTS development in Central Poland
02
May
2017

Prologis completes BTS development in Central Poland

by Ákos Budai
Prologis announced the completion of a 42,170 square metre build-to-suit (BTS) facility for long-term customer Agata at Prologis Park Piotrków II. 
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News Swissôtel enters the Bosnian market
27
Apr
2017

Swissôtel enters the Bosnian market

by Ákos Budai
Swissôtel, part of AccorHotels, has entered into a franchise agreement with Al Shiddi International for the development of a new 218-room urban resort scheduled to open in early 2018. Situated next to Bosnian Parliament, within the mixed-use Sarajevo City Center project, consisting of shopping mall and office tower, Swissôtel Sarajevo will be located in the Bosnian capital’s centre.
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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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