ARTICLES LABELLED WITH TAG development

News Airport hotel development starts in Budapest
07
Sep
2016

Airport hotel development starts in Budapest

by Ákos Budai
The time capsule of the first hotel in Hungary with direct terminal access was placed at Ferenc Liszt International Airport this week. The 145-room ibis Styles Budapest Airport Hotel featuring conference facilities is scheduled for completion in 18 months.
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News Echo Investment publishes H1 2016 results
05
Sep
2016

Echo Investment publishes H1 2016 results

by Ákos Budai
Echo Investment has published its H1 2016 results. The Group had the revenue of PLN 280.5 mln in H1 2016 (compared to PLN 273.8 mln in H1 2015), a gross sales profit of PLN 145.4 mln (compared to PLN 135 mln), an operating profit of PLN 404 mln (compared to PLN 31.3 mln) and a net profit of PLN 299 mln (compared to PLN 22.7 mln).
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News GTC launches two new projects in Budapest
01
Sep
2016

GTC launches two new projects in Budapest

by Ákos Budai
Construction commenced on GTC Hungary’s latest office development project. GTC White House is going to have a GLA of 21,500 sqm and is expected to be completed by end-2017. Concurrently, GTC Hungary will carry out a full interior refurbishment and technical reconstruction at Duna Tower Office.
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News New office building opens in Buda
01
Sep
2016

New office building opens in Buda

by Ákos Budai
With the last works completed in July, Budapest’s newest office building “Buda Loft Offices” is ready to welcome its new tenants. The building - which used to be the Goldberger textile factory - now offers modern loft offices. Colliers International has been appointed as the exclusive letting agent on the building
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News Prologis develops new park in Central Poland
31
Aug
2016

Prologis develops new park in Central Poland

by Ákos Budai
Prologis has announced that it will deliver a 11,740 square metre build-to-suit (BTS) facility for Geis PL, a German logistics operator, at Prologis Park Stryków. The project is scheduled for completion in the fourth quarter of 2016.
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News What’s next for the Budapest office market?
18
Aug
2016

What’s next for the Budapest office market?

by Ákos Budai
Days of strong development activity on the Budapest office market are once again ahead of us. The market has been growing steadily and cautiously for years now and we have reached a point where tenants looking to immediately rent several thousands of square metres have no options left. BTS developments and large pre-lease deals have dominated property news cycles for over a year now and the time has finally come for developers with speculative projects to make their move. We take a closer look at Budapest office developments.
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News Romanian investors develop Sibiu’s first shopping centre
11
Aug
2016

Romanian investors develop Sibiu’s first shopping centre

by Ákos Budai
Romanian real estate developer Primavera Development will build a shopping centre in the centre of Sibiu, on the plot of the former Simerom plant. Festival Shopping Center is set to have a 44,000 sqm rentable area and is expected to be opened in H2 2018. The investment in the mall will amount to 70 million euros.
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News Panattoni Europe buys warehouse and land in Lodz
10
Aug
2016

Panattoni Europe buys warehouse and land in Lodz

by Ákos Budai
International real estate advisor Savills, on behalf of Aviva Investors has sold a Small Business Unit type warehouse and a 3.5 ha development land situated in Łódź Business Park. The buyer was industrial developer Panattoni Europe. 
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News Prologis commences construction of four new buildings
05
Aug
2016

Prologis commences construction of four new buildings

by Ákos Budai
Prologis has announced its second quarter activity in Central and Eastern Europe. The company leased more than 400,000 square metres of distribution space, an increase of more than 7 percent over the same period last year. Demand continues to be driven by reconfiguration of the supply chain and e-commerce.
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News Panattoni Europe completes its project in Koluszki
21
Jul
2016

Panattoni Europe completes its project in Koluszki

by Ákos Budai
Panattoni Europe completed the manufacturing site built for Kongsberg Automotive of Norway. The project, sized 6300 sqm, was executed in Koluszki, Central Poland. Formal acceptance of the project by tenant took place on 15 July 2016
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Latest news


New leases

  • Freundschaft is joining the tenants of the N21 office building in Warsaw. The advertising agency will move into its new premises in May 2024. The company will occupy over 500 sqm of space in the facility.
  • Bank Pocztowy has decided to extend its lease agreement for a space of approximately 2.6 thousand sqm in the Corner House office building on Puławska Street in Warsaw. In the process of renegotiating the lease agreement, the bank was supported by the consulting agency Corees Polska.
  • The MAK Group of insurance companies has decided to remain in its current HQ in the Nefryt building in Warsaw's Mokotow district. The company will remain based in an office of approximately 2,500 sqm for the next six years.

New appointments

  • DVM group, an integrated architectural and construction services provider is restructuring its design department. Ákos Csécsei has been appointed to head the architectural design department and Tímea Fekete-Tóth to lead the interior design department. The managers have grown with the company, with multiple projects to their name.
  • Meta Estate Trust has named Adela Antone as Investment Director. She has around 20 years’ worth of experience in the banking and real estate sectors.
  • The Gdańsk-based consultancy agency Querco Property is expanding its team of advisors in the industrial department at its new branch in Warsaw. Grzegorz Furmanek has joined the group of experts, who - as a negotiator - will also handle technical consultancy for clients.

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