ARTICLES LABELLED WITH TAG development

News Hungarian developers to face delays and lower profit margins
31
Mar
2017

Hungarian developers to face delays and lower profit margins

by Ákos Budai
The current forecast for total construction volumes in Hungary shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of developers’ profit margins.
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News Panattoni Europe starts BTS project in Warsaw region
23
Mar
2017

Panattoni Europe starts BTS project in Warsaw region

by Ákos Budai
Panattoni Europe is to build another facility for DSV Solutions. The 25,000-square-metre logistics centre will be erected in Pęcice, as part of Panattoni Park Janki II. The cornerstone ceremony initiating the project took place on 23 March, and completion of the investment is scheduled for August 2017.
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News S Immo launches new project in Bratislava
21
Mar
2017

S Immo launches new project in Bratislava

by Ákos Budai
Vienna-based real estate investment company S Immo AG has launched another project in Bratislava, the Einsteinova Business Center. The property is located right near the Danube in the Petržalka district and is directly connected to the old town via a pedestrian and tram bridge. An office building offering 23,500 sqm of lettable space is being built on the site, which encompasses roughly 11,600 sqm. The building is planned as a green building and should receive BREEAM certification with a level of “Excellent”.
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News Budapest showcases its strengths at MIPIM
15
Mar
2017

Budapest showcases its strengths at MIPIM

by Ákos Budai
Budapest was among the 50+ cities that showcased its strengths and potential to real estate professionals at MIPIM 2017 with an emphasis on new developments and investment opportunities. Two panel discussions were held during the first two days of the event, both of them moderated by Portfolio Property Forum, the media partner of the Budapest stand. Here are some takeaways from the first two days in Cannes. 
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News Futureal and Erste sign €45 million credit agreement
13
Mar
2017

Futureal and Erste sign €45 million credit agreement

by Ákos Budai
Futureal Group signed a credit agreement of €45.1 million with Erste Bank Hungary Zrt. in order to finance the realisation of the Corvin 5 office building. The first phase of the building is expected to be handed over at the end of 2018. 
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News HB Reavis starts major new development in Budapest
13
Mar
2017

HB Reavis starts major new development in Budapest

by Ákos Budai
HB Reavis has gained planning consent for its next new major development, Agora Budapest, situated next to city’s busiest boulevard and the Váci Road office corridor. Construction on the first building called Agora Hub has already commenced. Agora Budapest will be built in several phases and will comprise more than 136,000 sqm of modern office spaces and retail units by 2023. The project will require an investment of approximately HUF140 billion (€447 million).
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News IHG to open of new Holiday Inn in Warsaw
09
Mar
2017

IHG to open of new Holiday Inn in Warsaw

by Ákos Budai
InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has announced the signing of Holiday Inn Warsaw West Station. The hotel will be developed with franchisees VHM Hotel Management, owned by the Satoria Group SA, and investors Capital Park. 
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News GTC lays cornerstone for Belgrade mall
08
Mar
2017

GTC lays cornerstone for Belgrade mall

by Ákos Budai
The ceremonial laying of the cornerstone for Ada Mall, GTC’s latest retail investment in Belgrade, was held on 6 March 2017. The opening of the 34,000-sqm mall is scheduled for autumn 2018.
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News TriGranit hands over new building in Kraków
07
Mar
2017

TriGranit hands over new building in Kraków

by Ákos Budai
Building G, the 7th element of the Bonarka for Business (B4B) office complex in Kraków, has been just handed over. The 100% built-to-suit, eight-storey Class A office building has 10,000 of sqm GLA and will host Euroclear, a Belgium-based financial services company. Having closed 8,000 sqm of lease renewals and new leases in the last months, TriGranit plans the delivery of further 3 office buildings in B4B in the near future. 
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News New project manager for Timișoara development
06
Mar
2017

New project manager for Timișoara development

by Ákos Budai
Optim Project Management was assigned as General Designer for a new mixed commercia  (retail & offices) development in Timișoara. Optim PM will also provide project management services for this new project.
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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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