ARTICLES LABELLED WITH TAG development

Hungary-based residential property developer Cordia is continuing its expansion in the UK residential property market. Its local subsidiary is building a complex of 366 rental apartments, bringing the total number of homes planned for the West Midlands region to over 1,800.

CTP has started the construction of its new warehouse of more than 30,000 sqm in the CTPark Tatabánya industrial park. The BREEAM-rated speculative development, which can be tailored to the needs of future tenants, will be delivered in 2022.

Passerinvest Group has begun the construction of the new Roztyly Plaza office building. The building, with a total area of 23,000 sqm from the workshop of the architect studio Aulík Fišer architekti, is going up right by the Roztyly metro station (C line) in Prague 11. Apart from the office function, the project also offers a public P+R parking lot and several retail units, which will significantly expand the local civic amenities.

Banks loans dominate the financing market for property development, but the stock exchange, EU funds and state aid are emerging instruments, suggested speakers during the lenders vs borrowers panel of SEE Property Forum 2021, Property Forum's annual event in Bucharest.   

With the recent completion of the third phase of the Tchibo distribution centre in Panattoni Park Cheb, adding approximately 30,000 sqm, the hall, totalling over 100,000 sqm, has become the largest industrial building completed this year in the Czech Republic. Panattoni as a developer completed the project together with investment group Accolade. Since the first phase of construction in 2016, the tenant has been Tchibo, one of the world's most important coffee producers and consumer goods retailers. The new part of the site aspires to a high BREEAM New Construction environmental certification rating of "Excellent". 

Patron Capital, the pan-European institutional investor focused on property-backed investments, and Trei Real Estate, an international developer and asset holder for residential and retail real estate, have formed a new 75:25 joint venture to develop and hold retail parks in Poland under the Vendo Park brand.

The Lakeside Park 02 office building, developed in Bratislava's Nové Mesto area by Immocap and WOOD & Company, has reached its full height of 13 floors.

Wing launched the development of Hall D3 in East Gate Business Park to respond to distinct market needs reflecting increasing demand and increasing interest in the park. The hall, with a total area of over 9,000 sqm nearly 20% of which is office space, has now reached a 100% occupancy rate. This speculative investment project caters to tenants with production, manufacturing and complex, special warehousing needs.

CTP has obtained all the necessary permits for the completion of two industrial halls on the outskirts of Hradec Králové. Construction can resume in November this year, tydenikhrot.cz reports.

Wing and Accor have concluded a long-term agreement for a 12,000+ sqm area of the 42,000 sqm Liberty complex. As a result, the office building pursuing the BREEAM Excellent rating has added to its profile a dual-branded hotel under the Ibis and Tribe brands. The hotel part will be located in the landmark South wing and it is expected to be completed in 2023, which means this will be the first Tribe Hotel in Hungary.