ARTICLES LABELLED WITH TAG Krakow

03
Mar
2017

US-controlled fund to acquire Polish office and retail portfolio

by Ákos Budai
The Octava FIZAN fund is in the process of acquiring a portfolio of 11 office and retail assets in Poland, including Onyx in Kraków and Centrum Krakowska 61, Renaissance Tower and Eureka Park in Warsaw, from two BPH FIZ funds. Savills is advising the buyer on the transaction, which is expected to be finalized by the end of H1 2017. The parties did not reveal the value of the acquired assets, but the estimated value significantly exceeds €100 million.
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27
Feb
2017

Radisson Red to open in Kraków

by Ákos Budai
The Rezidor Hotel Group, a member of international Carlson Rezidor Hotel Group, has announced the signing of the first Radisson RED in the Central Europe. The newly built Radisson RED Krakow is expected to be completed by fall of 2019.
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22
Feb
2017

TriGranit embarks on three new projects

by Ákos Budai
TriGranit, celebrating its 20th anniversary in business in 2017, will this year launch its newest development in Budapest, the Millennium Gardens office building that will provide 37,000 sqm GLA for future tenants from H2 2019 on the banks of the Danube, next to MÜPA and the prospective Congress Centre. In 2017, the company also plans to start the development of Building H, the eighth building in its office complex in Krakow, Bonarka for Business (B4B), providing 10,000 sqm GLA, and plans to start the second phase of Lakeside Park in Slovakia with 13,000 sqm GLA. 
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17
Jan
2017

Echo Investment welcomes new tenant in Kraków

by Ákos Budai
EPAM, an international company which is involved in the development of software and implementation of IT projects, has leased an office area of nearly 3,500 sqm in O3 Business Campus which is being developed by Echo Investment in Kraków. CBRE advised EPAM in the leasing process.
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02
Jan
2017

Echo Investment to sell Krakow landmark building

by Ákos Budai
Echo Investment has agreed to sell the former Cracovia hotel building in Krakow to Poland’s Ministry of Culture. In the future, the new owner plans to use the site as a location for a gallery of design and architecture.
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14
Dec
2016

Echo Polska acquires Krakow mall for €54 million

by Ákos Budai
An opportunity fund advised by Tristan Capital Partners, a pan-European real estate investment manager, has agreed to sell the Zakopianka Shopping Centre in Krakow, Poland, to Johannesburg-listed Echo Polska Properties for approximately €54 million.
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07
Dec
2016

Knight Frank commercialises High5ive in Krakow

by Ákos Budai
Knight Frank has been appointed leading agent by Skanska to commercialize the retail ground floors of all five buildings of the High5ive complex in Kraków. The project developed by Skanska Property Poland will be handed over for use in stages. The first stage, which will include two buildings right next to the Galeria Krakowska shopping centre, is scheduled for the end of 2017. 
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06
Oct
2016

TriGranit completes sales in Poland and Hungary

by Ákos Budai
TriGranit has completed the sale of two assets. Millennium Towers, an office complex in Budapest, has been sold to CA Immo for €175 million and Bonarka City Center, a shopping mall in Krakow has been purchased by Rockcastle. The developer will remain the property manager of both assets.
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05
Oct
2016

Echo Polska Properties purchases seven office buildings

by Ákos Budai
Echo Polska Properties – an international fund operating as a REIT –is purchasing seven office buildings with almost 112,000 sqm of GLA from Echo Investment, a Polish developer. The total value of the properties as at the agreement amounts to almost €264 million. The sold properties are: O3 Business Campus in Kraków (phase I, II and III), Tryton Business House in Gdańsk, A4 Business Park in Katowice (phase III) and Symetris Business Park in Łódź (phase I and II).
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29
Sep
2016

Skanska starts new Kraków development

by Ákos Budai
Skanska has laid the cornerstone for its third Kraków office project, High5ive. In the first phase of the project two buildings will be constructed by Q4 2017 with a GLA of 23,500 sqm. Upon completion the entire complex will offer 70,000 sqm of leasable space. 
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