ARTICLES LABELLED WITH TAG development

ibis Styles Budapest Genius in the 11th district of Budapest will welcome first guests in the fall of 2020. According to the recently signed agreement, Accor Pannonia Hotels Zrt. will manage the hotel.

Panattoni Europe has completed a warehouse facility which is a record-breaker in Poland in terms of size at ground level. It is the central warehouse of Leroy Merlin totalling in excess of 123,300 sqm. The project was delivered literally in the centre of Poland – in Piątek commune, Łódź voivodeship – and has completed the BREEAM environmental certification process.

Futureal Group has started the development of the final office complex on Corvin Promenade in Budapest, Hungary. Corvin7 developed in two phases will offer nearly 30,000 sqm of gross leasable area (GLA) in the immediate vicinity of Corvin Offices.

NEPI Rockcastle announced that it will inaugurate Promenada Sibiu on November 14 following an investment of €100 million. The developer will also open a shopping centre in Târgu Mureș in March following an investment of €70 million.

Mountpark Logistics, a developer of industrial and logistics property, has acquired a 30 hectare site at Bernolakova, Bratislava, which has the potential to deliver up to 120,000 sqm of new logistics accommodation.

Expo Market Doraly, one of Romania’s largest shopping parks specialized in home items and food products, located in Afumati, near Bucharest, announced plans to develop a 10,000 sqm retail park following a €6 million investment.

NEPI Rockcastle plans to develop residential projects around the shopping centres it owns in Romania. The company will develop apartment buildings in five cities: Brașov, Bucharest (around Mega Mall and Vulcan), Râmnicu Vâlcea, Satu Mare, and Timișoara.

Cordia continues to expand in Poland: after Warsaw, Krakow and Gdansk, Hungary’s leading apartment developer has entered the market of Sopot, the seaside resort as well, planning to build on the street named after the Polish-Hungarian Friendship Day. With this, the company – having already completed more than 1000 apartments – plans to build some 2600 additional homes across 17 projects in the promising market of the four Polish cities over the following four years.

Golub GetHouse has finalised the purchase of a plot of land located at ul. Grzybowska 59 in Warsaw. In accordance with the provisions of the building permit with respect to this real property, a residential tower of over 160 m with apartments for rent will be erected on the plot of 2,740 sqm.

Spanish-based developer, Gran Via Real Estate, completed the residential project Aviatiei Apartments with 291 units in Bucharest, followinga total investment of €17 million (construction cost, without land value).