ARTICLES LABELLED WITH TAG development

Hungarian property investor and developer Wing is expanding its East Gate Business Park, located next to Budapest, with a new 9,200 sqm hall. The handover of the building, which is 30% pre-leased, will take place in the second half of 2021.

Panattoni is to expand its warehousing assets near Warsaw. Already the developer has 176,000 sqm of industrial space at its disposal in the village of Janki and it has just announced the creation of more. The company has purchased a further 3.14 ha next to the S8 for further development.

The sixth and last building of the Váci Greens office complex in Budapest, the 23,445 sqm Building “E”, has received the final occupancy permit. With this, Atenor’s flagship project in Budapest is completed.

Belgian real estate developer Speedwell is rapidly expanding in Romania with ongoing projects in Bucharest, Timisoara and Cluj-Napoca. Didier Balcaen, Founder and CEO of the company who will be a speaker at our upcoming SEE Property Forum 2020 in Bucharest, talked to us about Speedwell’s ongoing projects and shared his vision for handling the changes that COVID-19 has brought on the market.

VÚB banka and UniCredit Bank have provided developer J&T Real Estate with a €105 million syndicated loan for the construction of Eurovea’s extended residential part, which will include approximately 500 apartments in Eurovea Tower - Slovakia’s very first skyscraper - and waterfront residences (Eurovea Riverside). This loan is one of the largest granted for a Slovak development project in recent years. Dentons prepared the contract documentation.

Panattoni has started construction work on a factory for Danfoss Poland in Grodzisk Mazowiecki. The development with an area of 12,000 sqm will be equipped with several ecologically friendly systems that will make the building highly energy-efficient and also improve the conditions for the workforce of around 400 people. The building is scheduled to be completed in November 2021. It will be used as a place to manufacture components for the RAC (Refrigeration & Air Conditioning) business division.

7R has won a tender to purchase 20 ha of land in the Pomeranian Logistics Centre. On the plot, the developer will build the 7R Park Gdańsk Port complex, with a total area of approx. 123,000 sqm. The land property is located in the immediate vicinity of the Port of Gdańsk, and the largest deepwater terminal in the Baltic Sea – DCT Gdańsk.

Infogroup has commenced construction of a new logistics building in Polgár Industrial Park. The 4000 sqm speculative building is being developed in the company’s own industrial park. The customizable building will offer a solution to growing logistics and industrial needs, is expected to be ready in Q2 2021.

Student Depot, owned by Kajima Student Housing Limited in partnership with Griffin Real Estate Partners, announced the opening of its first facility in the university city of Gdańsk, Student Depot Kolobrzeska.

Etele Plaza, developed by Futureal in Budapest’s Kelenföld area, has reportedly reached an occupancy rate over 75%. The shopping centre, planned to be completed by Q3 2021, will feature every Inditex brand available in Hungary, including a Zara fashion store featuring a brand new design concept.