ARTICLES LABELLED WITH TAG development

Trei Real Estate GmbH will be opening its 26th retail park under the Vendo Park brand in Poland. It is located in Oswiecim, a small town of around 40,000 residents in the Lesser Poland Voivodeship in southern Poland. This latest Vendo Park has a leasing area of around 5,300 square metres and is leased to seven retailers and a supermarket. In total, Trei invested c. €7.2 million in the property. The new retail park is the first in the Lesser Poland Voivodeship.

Accor announced the signing of the first Tribe hotel in Hungary in partnership with local real estate developer Futureal. The 250-room Tribe hotel will open in Budapest at the end of 2023. The project is a major milestone in Futureal’s operation as part of its new business line focusing on hotel developments.

After securing the largest commercial loan in over a decade on the Slovenian real estate market, Bratislava-based developer Corwin has realised the first drawdown for the residential project Kvartet.

Wing is launching the second phase of the East Gate Business Park project at the junction of motorways M0 and M3. The development of East Gate PRO will start with the construction of two new halls with an area of over 20,000 sqm, in response to market needs and increased demand. The first halls of East Gate PRO will be completed in Q2 2022.

The lowest amount of office space under construction in Warsaw since 2010 may point to a supply gap in 2023, according to JLL’s market summary for H1 2021.

MLP Group has just contracted W.P.I.P. of Poznań to further expand its MLP Poznań West project in Dąbrówka. The general contractor is to build over 43,000 sqm of new space, with the construction works due to commence still in July.

Wing and RTL Services Kft., a business services company of Magyar RTL Televízió Zrt., have signed a long-term lease agreement involving the soon to be renovated Liget Center and Liget Auditorium office buildings. RTL Hungary’s head office and news studios will relocate to this nearly 9,000 sqm complex in a historic environment opposite City Park in 2024, after the renovation of the heritage buildings in a development fully tailored to the tenant’s needs.

The Nuselský pivovar (Nusle Brewery) residential project in Prague 4 has received a building permit, developer Penta Real Estate announced. Following the completion of demolition works, excavation works have now begun. 

The BudaPart CITY office building in South Buda has received its occupancy permit. The first tenants can move into the building, developed by Property Market Kft., already in the summer.

Speedwell, in cooperation with Belgian partner LCV, launches SpacePlus, its first project on the industrial market. SpacePlus comes with units for light industrial and/or logistical usage, addressing corporate tenants that are searching for standardized storage or production units, flexibility in configuration and various additional services/features. The first location is in north-western Bucharest, with direct access from the ring road and close to the exit towards the A1 highway on the one hand, and easy access to and from the city centre of Bucharest via Sos. Chitilei or Blvd. Iuliu Maniu, on the other.