ARTICLES LABELLED WITH TAG development

News Office developers get busy in Budapest
24
Nov
2016

Office developers get busy in Budapest

by Ákos Budai
During the third quarter, three new office buildings were completed with a total area of 39,570 sqm – reports JLL in their latest Budapest Office Market Pulse. The increasing development activity has had an effect on the vacancy rate as well: the Budapest office market’s vacancy rate made a slight increase to 10.9% as a result of the vacant space in the newly completed buildings and in the buildings from where the tenants moved out.
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News New facility at CTPark Karviná ahead of schedule
24
Nov
2016

New facility at CTPark Karviná ahead of schedule

by Ákos Budai
CTP is nearing completion of phase I of a new 25,000 sqm production facility which is being constructed for a new client, UK-based Stow, one of the leading suppliers of added-value warehouse racking and storage systems. The company's core activity is the development and manufacturing of racking systems for the storage of palletised or small goods and longer items, as well as mezzanine structures. 
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News Prologis to start new BTS developments near Budapest
21
Nov
2016

Prologis to start new BTS developments near Budapest

by Ákos Budai
Prologis has signed a new lease agreement for 13,800 square metres and will deliver two new facilities totalling 21,000 square metres at Prologis Park Budapest-Sziget for Waberer’s. The transactions with new customer Waberer’s include 13,800 square metres at DC7A, a 21,500 square metre speculative facility that is now fully let two months after completion and 21,000 square metres at DC7B and DC8 to be developed to the customer’s specifications and scheduled for completion in the second quarter of 2017. 
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News Goodman expands in Hungary
17
Nov
2016

Goodman expands in Hungary

by Ákos Budai
Goodman Group, an owner, developer and manager of industrial real estate, has opened the 22,200 sqm expansion of its Gyál Logistics Centre. One unit is already pre-leased and the remaining two units are available for immediate lease. The total leasable area has nearly doubled to 44,735 sqm.  
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News HB Reavis opens shopping centre in the Czech Republic
17
Nov
2016

HB Reavis opens shopping centre in the Czech Republic

by Ákos Budai
HB Reavis has officially opened the Czech Republic’s first Aupark in Hradec Kralove. The 21,000 sqm shopping centre brings 120 stores, new international brands, a large food court and various service and entertainment units to the city.
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News Foundation stone laid for largest Budapest office building
16
Nov
2016

Foundation stone laid for largest Budapest office building

by Ákos Budai
The foundation stone for the new Magyar Telekom Headquarters has been laid in Budapest on 15 November. The 58,000 sqm office building is expected to be completed in the second half of 2015 and will be leased by Magyar Telekom for at least 15 years. Upon completion it will become the largest single-block office building in Hungary.
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News HB Reavis completes West Station I in Warsaw
03
Nov
2016

HB Reavis completes West Station I in Warsaw

by Ákos Budai
Construction of the first of two West Station office buildings, located in the immediate vicinity of the new Warszawa Zachodnia railway station, has completed. The complex, seen from both Jerozolimskie Ave. and all passing trains, will soon welcome its first occupiers. Its developer, international real estate company HB Reavis, signed a loan contract to refinance the project.
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News Budapest Airport implements ambitious development plan
26
Oct
2016

Budapest Airport implements ambitious development plan

by Ákos Budai
The Budapest commercial property market has seen a real turnaround over the past two years. Demand is evidently strong for quality office and logistic space in many parts of the Hungarian capital, including its airport. Budapest Airport has an area larger than London Heathrow and ambitious long-term plans that aim to attract a wide range of companies, including cargo and logistics operators. René Droese and Réka Sebestyén, responsible for the property business of BUD, talked to us about the airport’s development plans.  
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News V17 office building opens in Budapest
26
Oct
2016

V17 office building opens in Budapest

by Ákos Budai
V17, a new office building located at the beginning of the Váci corridor in Budapest has officially opened. The seven-storey sustainable building offers nearly 13,000 square meters Class A office space, most of which is let to E.ON Hungary Zrt. for long term. V17 is owned by Torony Ingatlan Befektetési Alap represented by Diófa Alapkezelő Zrt., and was developed by Hungarian commercial real estate developer WING Zrt. Building V17 required a HUF10 billion investment.
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News Prologis delivers fourth logistics facility in Szczecin
26
Oct
2016

Prologis delivers fourth logistics facility in Szczecin

by Ákos Budai
Prologis has started construction of a speculative facility totalling 9,200 square metres at Prologis Park Szczecin. The building is 60 percent pre-let to an international furniture company, which will occupy a total of 19,600 square metres in the park, including space in the new development. The building is scheduled for completion in the first quarter of 2017.
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • 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.

New appointments

  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.
  • 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.

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