ARTICLES LABELLED WITH TAG development

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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News P3 to continue its expansion in Romania
21
Jul
2016

P3 to continue its expansion in Romania

by Ákos Budai
P3 has reached the important milestone of 300,000 sqm of built space at its P3 Bucharest park, the largest logistics park in Romania. Since its purchase of the park at the beginning of 2015, P3 has added a total of 85,000 sqm of new space for existing and new clients.
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News HB Reavis to join new development project in Bratislava
13
Jul
2016

HB Reavis to join new development project in Bratislava

by Ákos Budai
Award-winning UK architecture practice Make Architects has been appointed to design a state-of-the-art office building in Bratislava’s Central Business District. HB Reavis has been chosen as the development manager of the new mixed-use scheme which will be developed on the site of the current Apollo Business Centre I.
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Latest news


New leases

  • Flowserve Hungary Services has leased 2,550 sqm of office space in the Liberty mixed-use building in Budapest. The company will move into this Autumn.
  • DB Logistic has signed a new lease agreement at SEGRO Logistics Park Gliwice. The company has decided to expand occupied space by a third to a total of nearly 5,000 sqm.
  • Low-cost airline flydubai has opened a new office Bucharest-based Eminescu Offices, in a deal brokered by Cushman & Wakefield Echinox.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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