ARTICLES LABELLED WITH TAG development

News - Futureal Group starts construction of Corvin 5
12
Jul
2017

Futureal Group starts construction of Corvin 5

by Ákos Budai
Futureal Group has started the construction of the Corvin 5 office building in Budapest. The first phase of the building is expected to be handed over by the end of 2018. The complex valued at €90 million is also among the firsts to receive Well Building certification in Hungary since it has already been registered in the international process of the standard system.
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News - Prologis delivers for e-commerce in Prague
11
Jul
2017

Prologis delivers for e-commerce in Prague

by Ákos Budai
Prologis has completed a state-of-the-art 30,250 square metre build-to-suit facility at Prologis Park Prague-Jirny for HP TRONIC, a retailer of consumer electronics in the Czech Republic and Slovakia. With the delivery of this facility, the park is fully developed.
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News - Apsys refinances Posnania for a total of €260 million
06
Jul
2017

Apsys refinances Posnania for a total of €260 million

by Ákos Budai
Apsys has secured the long-term refinancing of Posnania, its flagship project in Poznan, with Berlin Hyp AG, ING Bank Śląski S.A., Société Générale and Deutsche Postbank AG. This refinancing amounting to €260 million in total is one of the largest ever granted in commercial real estate in Central Europe. The project's initial financing during the development phase in 2014 already set a record in this area. 
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News - Vastint starts the next phase of Business Garden Wroclaw
06
Jul
2017

Vastint starts the next phase of Business Garden Wroclaw

by Ákos Budai
Vastint Poland has appointed Hochtief Polska as the general contractor of the second phase of Business Garden Wroclaw. Under the contract, six office and service buildings with a total leasable area of approx. 79,000 sqm are to be built. Construction works will commence in July this year and will end in November 2019.
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News - Panattoni to deliver BTS building near Warsaw
04
Jul
2017

Panattoni to deliver BTS building near Warsaw

by Ákos Budai
Panattoni Europe has signed a lease with Multidekor, maker of professional ornaments and festive lighting solutions for cities and shopping malls. The transaction covers 22,600 sqm of warehouse and production space at the planned Panattoni Park Konotopa II. The development is set to commence this autumn, and will be completed in April 2018.
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News - Bucharest's AFI Tech Park achieves LEED pre-certification
04
Jul
2017

Bucharest's AFI Tech Park achieves LEED pre-certification

by Ákos Budai
AFI Tech Park, the newest office project developed by AFI Romania, achieved a LEED Platinum pre-certification. AFI Tech Park is a business campus that will offer 56,000 sqm GLA of Class A office space, comprising of two office buildings of GF+8 and one office tower (GF+14). 
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News - Erste Group completes €40 million Belgrade office complex
04
Jul
2017

Erste Group completes €40 million Belgrade office complex

by Ákos Budai
Erste Group officially opened the Sirius Offices business complex in Belgrade for tenants who are expected to enter the building soon. Erste Bank Serbia is the first tenant to move into the new business complex, which will become its main business centre in Belgrade. Beside Erste Bank, Strabag d.o.o Beograd has been secured as a second large anchor tenant, renting 4,000 square meters office space. The first phase of the investment is worth €40 million and the complex occupies an area of 18,500 square meters gross of office space. Besides office premises, Sirius Offices includes a restaurant, a shop and 230 parking places.
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News - New office development starts in Central Buda
30
Jun
2017

New office development starts in Central Buda

by Ákos Budai
Redwood Real Estate Holding (formerly known as B&L Estates), a Hungarian real estate developer has recently started the construction of the 5,000 sqm, Class A+, LEED Platinum pre-certified Ecodome office building on a speculative basis
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News - CPI Property Group to expand in České Budějovice
29
Jun
2017

CPI Property Group to expand in České Budějovice

by Ákos Budai
CPI Property Group has introduced a project for the expansion of the Clarion Congress Hotel in České Budějovice, with extensions to hotel rooms and a brand a new multi-purpose hall. Investor confidence in the locality is strong, this year in České Budějovice, nearby the hotel, the Group will be completing the extensive reconstruction and brand new addition of the IGY shopping centre. The Group also owns and operates the Géčko shopping centre in České Budějovice.
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News - Skanska starts new development in Wroclaw
26
Jun
2017

Skanska starts new development in Wroclaw

by Ákos Budai
Skanska has launched the construction works of its Nowy Targ office project in the centre of Worlcaw. The building’s name relates to Nowy Targ square which is located nearby and which in the past served as the city's trading centre. The office project will provide nearly 22,000 sqm of flexible space dedicated to business with its delivery scheduled between Q2 and Q3 2019.
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Latest news


New leases

  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.
  • International fashion retailer Primark has opened its fifth Romanian store, spanning 3,185 sqm, at ElectroPutere Mall in Craiova, marking its debut in the country's south-west region. The launch follows a €10 million investment.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.

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