ARTICLES LABELLED WITH TAG development

Echo Investment plans to deliver a 1,200-apartment residential project with retail components and social space in Warsaw’s Służewiec district. The plot on which the project will be built is the subject of a preliminary purchase agreement by Echo Investment from Immofinanz. Construction works could start in the middle of next year.

Grand Plaza Hotel, the company that owns the Sheraton Bucharest Hotel in the centre of the Romanian capital, plans to add around 100 rooms to the 270 existing ones by building a new section, economica.net reports. The cost of the project is estimated at €5 million.

Ghelamco has begun the construction of the Craft office building in the centre of Katowice, near the Silesia City Center shopping centre.

Polish developer Capital Park has concluded a preliminary agreement for the purchase of two plots in Gdańsk with a total area of 1.3 ha on the Polski Hak part of Gdańsk’s port area. At the site, Capital Park is planning a residential development with retail and services functions, as well as public recreational space. The seller and the transaction price have not been disclosed.

AFI Europe Serbia is launching on the construction of the Skyline Omnia office tower on Belgrade’s Kneza Milosa. The project, worth €73 million, will see the completion of 132-metre high office tower with 31 floors, covering nearly 40,000 sqm.

VGP announces the start of development of its new multitenant business park in Brașov, Central Romania. With the groundworks started beginning of November, the first building with a surface of 9,400 sqm is planned to be delivered mid-2021 and will be partly occupied by pharmaceutical company Fildas Trading Srl. VGP Park Brașov is being developed on a land plot of approx. 390,000 sqm and will have a total potential of about 180,000 sqm lettable area.

Panattoni is developing another modern and ecologically sustainable cross-docking terminal for DB Schenker. The 6,000 sqm centre is to be built within the Rzeszów-Dworzysko Science and Technology Park. It will be equipped with a range of solutions to protect the environment as well as intelligent systems to optimise logistic operations. The developer is to hand the centre over in January 2021 and the development has already been accredited as an innovative centre by the Rzeszów Regional Development Agency.

Fashion outlet developer, Fashion House Group has announced the opening of the third phase of Fashion House Outlet Centre Militari in Bucharest.

The Mennica Legacy Tower high-rise, located at the junction of Prosta and Żelazna streets in Warsaw’s Wola district, has obtained a valid occupancy permit. The main tenant, mBank, will move into the 140-metre-tall building as early as November.

Impact Developer & Contractor has started the construction works of the fourth phase of the Greenfield Băneasa residential compound. This will include Impact's first commercial project, Greenfield Plaza, with 7,258 sqm of space for trade and services and 1,184 sqm of office space. The entire project has a value of €12 million and it will be built with RCTI Company s.r.l. with which Impact signed a contract worth €7.5 million. At the same time, Impact is also investing €500,000 in the green areas of its Luxuria Residence compound located in Bucharest’s Expoziției area.