ARTICLES LABELLED WITH TAG development

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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News - Echo’s new Warsaw office project gets its first green light
22
Jun
2017

Echo’s new Warsaw office project gets its first green light

by Ákos Budai
Echo Investment has been granted a permit for the construction of the first office building which is part of the Browary Warszawskie project in the quarter of Grzybowska, Wronia, Chłodna and Krochmalna streets.
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News - What’s next for Budapest’s retail market?
22
Jun
2017

What’s next for Budapest’s retail market?

by Ákos Budai
The residential and office markets have received the lion's share of attention in Budapest recently, but the retail market is also gaining more interest from both tenants and investors. Tourism is booming, domestic purchasing power is growing and the only thing that can hinder growth is the lack of available space and new developments on the market.
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News - Goodman expands Pomeranian Logistics Centre
22
Jun
2017

Goodman expands Pomeranian Logistics Centre

by Ákos Budai
Goodman Group has completed its second warehouse at the PLC in Gdansk, increasing the complex's capacity to 88,000 sqm.
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News - TriGranit expands Krakow office complex
22
Jun
2017

TriGranit expands Krakow office complex

by Ákos Budai
TriGranit is to start the construction of Building H with an area of 10,000 sqm at the Bonarka for Business (B4B) complex in Kraków. This will be the eighth office building at B4B, one of the most popular office complexes in Kraków. At the same time, Bonarka for Business launches its new Tenant Relationship Program to serve the needs of their tenants on a higher level. 
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News - Construction stars on Timisoara mixed-use project
20
Jun
2017

Construction stars on Timisoara mixed-use project

by Ákos Budai
The Iulius Company started the construction works for a new Class A office building in Timişoara, as part of the Openville project, the largest mixed-use development in Western Romania. This is the third office building developed under the United Business Center (UBC) brand of the seven office buildings to be included in the project. With a gross leasable area upwards of 130,000 sqm, the office component of the Openville project is set to become a regional business hub.
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News - Iulius Group teams up with South African investor
16
Jun
2017

Iulius Group teams up with South African investor

by Ákos Budai
Iulius Group and South African investor Atterbury Europe have set up an equal partnership to develop the Openville Timişoara mixed-use project. 
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News - P3 to construct two new warehouses in Prague
14
Jun
2017

P3 to construct two new warehouses in Prague

by Ákos Budai
P3 is to start the construction of two new warehouses with a total floor area of 25,500 sqm at the P3 Prague Horní Počernice logistics park to respond to growing demand for space at the park. Once the expansion is completed, the park will have a total lettable area of nearly 380,000 sqm. Scheduled to start in the second half of 2017, construction will be completed at the beginning of 2018.
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Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.

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