ARTICLES LABELLED WITH TAG development

AFI Europe Romania intends to build 300 apartments on its 4.3-hectare land plot adjacent to the AFI Park office building and the AFI Cotroceni shopping centre, economica.net reported.

Romanian real estate developer One United Properties has obtained the building permit for the One Verdi Park mixed-use project that will include office and residential units.

Prologis has started the construction of a new, state-of-the-art speculative facility totalling 14,000 square meters at Prologis Park Budapest-Harbor to provide further sustainable space. Scheduled for completion in Q2 2020, the new building will even have its own motorway access.

The total value of 230 office, retail, warehouse and hotel projects, both ongoing and planned, which are conducted by top 30 property developers is estimated at nearly €10 billion, according to the latest report by research company Spectis.

Prologis has started the development of Raben Group’s new centre of operations totalling 50,000 square meters at Prologis Park Ruda Śląska, in the heart of Silesia, Poland. Colliers International facilitated in securing this transaction.

Panattoni Europe embarks on a new project near the Tricity Airport – Panattoni Park Gdańsk Airport. The distribution centre with close to 107,000 sqm has already got a stamp of approval from BBK S.A. – 68,500 sqm of the facility will be used as a multifunctional warehouse for home&you, a leading brand of interior furnishing articles. Completion of construction works is planned for mid-2020.

ATAL SA – a Polish developer – selected Knight Frank as its exclusive agent to commercialize the Krakowska 35 office property in Wrocław. The consultancy will also manage the property. The edifice with a total area of ca. 14,000 sqm will be handed over for use in Q1 2021.

Panattoni Europe has completed nearly 17,000 sqm of space for DHL Parcel Polska. It consists of two distribution centres dedicated to e-commerce operations, built in the Warsaw region – at Panattoni Park Pruszków III and in Radzymin. Both facilities have been developed in line with DHL’s GOGREEN policy and have undergone BREEAM environmental certification process, achieving a Good and Very Good rating.  

P3 Logistic Parks is expanding its activities with its first project in eastern Slovakia. It is starting construction of a modern logistics and industrial park near the village of Nová Polhora. This is an attractive location for developers and business, offering easy access via the D1 motorway to the metropolises of eastern Slovakia – Košice and Prešov – and logistics connections to neighbouring countries.

Work is well underway on site at Forte Partners’ U Centre, a new, eight-floor office development in the Bucharest. The investment is valued at €200 million.