Hungarian bank OTP reportedly plans to purchase the largest real estate project from Gránit Pólus in the Slovenian capital through the acquisition of project development companies, according to local media. The Emonika project, valued at €250 million, would see the construction of 196,000 sqm of office, retail, residential and hotel space.
Polish developer Porto was granted a €29 million loan by the European Investment Bank via Bank Gospodarstwa Krajowego (BGP) for the construction of a mixed-use complex in Szczecin. Thanks to the application of pro-ecological technology, Posejdon will reduce CO2 emissions up to even 76% compared to a similar building constructed using a traditional technology.
Romanian developer Speedwell has launched the construction works of Record Park, a mixed-use development and urban regenerating project in Cluj-Napoca. The €42 million project is due to be completed in H2 2020. The project is being developed on a plot of 17,300 sqm and will have a total built area of 36,000 sqm.
Fosta Fabrica, the restoration and conversion project of the former Grivita brewery in Bucharest, received all necessary permits and it is expected to be completed in 2020 by Lithuanian developer Hanner Group.
Chapman Taylor’s design for a mixed-use community in Budapest has been unveiled. The urban regeneration masterplan would transform a derelict former slaughterhouse complex into a dynamic residential and office district with complementary retail and leisure provision and two underground levels of parking.
On June 5, 2018, Immochan becomes Ceetrus. A symbol of the transformation that the company has been going through for two years, this new name is meant to embody its evolution from a commercial real estate company to a mixed-use real estate developer.
Colliers International has carried out research into retail units in the Warsaw’s office buildings. The study covered approximately 300 buildings and a survey was carried out on a sample of 200 employees. Colliers experts asked respondents about their expectations about the quality of the retail and service units in their workplace and what they have available at present.
Wratislavia Center, a mixed-use property in Wroclaw has been sold to FLE, an investment advisor headquartered in Vienna. FLE bought the asset on behalf of FLE SICAV FIS, a real estate fund headquartered in Luxemburg and owning a commercial real estate portfolio in Europe and the US exceeding € 2 bn.
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