Develia Group has signed a preliminary agreement with an investment fund managed by Adventum Group to sell all its shares in Wrocław Sky Tower. The sale price set at €84.4 million, will be reduced by the value of unpaid incentives for tenants. Finalization of the transaction is expected at the end of 2021.
Property developer Vastint is looking to secure permits to kick off the construction of the second phase of its mixed-use project Timpuri Noi Square (TNS) located in Bucharest.
Local developer Crestyl plans to build six office buildings as part of the new Prague district Hagibor in the vicinity of Želivského metro station. The construction of the first phase, in which EP Real Estate is also involved, will start this year. Crestyl is also gradually building five residential buildings on the site. The cost of the entire project will exceed €350 million (CZK 9 billion), local daily E15 reports.
Marius Persenea, Chief Operating Officer of Romanian real estate developer IULIUS talked to Property Forum about financing, sustainable development and future plans for different market segments.
The 46-month revitalization of the Norblin Factory in Warsaw's Wola district, carried out by Capital Park Group, has come to an end. The complex has been granted an occupancy permit. At the investment site, preparations are currently underway to open the first concepts, which will be gradually unveiled to future visitors over the next few months.
The largest-ever office development in Slovenia is taking shape as Slovak developer Corwin has released new information, the official name and the first visualizations of their 40,000 sqm office-retail project on Vilharjeva street.
Construction works on the new bus station in the Nivy complex on Mlynské Nivy Street in Bratislava are in their final stages. Developer HB Reavis is already fine-tuning the details, testing lighting, technology and information systems. The terminal will be airport-style with 36 platforms, seven drop-off points and 86 bus stands with barrier-free access, the company informs in a press release.
Austrian company Karimpol Group officially launched the construction of the Squarebizz Bory project in Bratislava which will include retail, storage and office space. Peter Šmitala, Project Manager at Karimpol Slovakia talked to Property Forum about the project and the company’s future plans.
Béranger Dumont, CEO of BPI Real Estate Poland talked to Property Forum about large scale mixed-use projects, the rapid development of the PRS market and the main problems of residential developers in the country.
Tech start-up A4BEE has leased 600 sqm of office space in Wojdyła Business Park in Wrocław. Cushman & Wakefield advised the owner for this transaction.
Colliers branch in Katowice has changed its address. Since September the office is located in the .KTW I building on Roździeńskiego Avenue 1a. Colliers has taken the space on the first floor of the building.
Meat2Eat has leased 400 sqm for a new restaurant that it opened on the ground floor of One Tower office building in Bucharest. The transaction was brokered by Cushman & Wakefield Echinox. The building is owned by Romanian developer One United Properties.
New appointments
Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.
Craig Maguire has been appointed Head of Pan-European Logistics for BNP Paribas Real Estate. He will head up the European coordination of the Logistics business (Investment and Rentals/Sales), alongside the local teams of BNP Paribas Real Estate.
Victor Cosconel is the new Head of Industrial & Business Development at real estate consultancy Colliers Romania. He has more than 20 years’ worth of experience in sales, business development and general management. Before joining Colliers, he was CEO of Sodexo Bulgaria.
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