Following the approval of the local zoning plan in September 2024, Nowy Wełnowiec is entering the implementation phase. The 30-hectare revitalised site formerly occupied by the Silesia Metallurgical Plant in Katowice will become home to a mixed-use district with predominantly residential functions. Nearly a third of the area will be dedicated to open green spaces. The Capital Park Group is responsible for the implementation and management of the project. The architectural concept comes from the JEMS Architekci studio. The investor has received permission to modernise the former compressor house building since the beginning of the 20th century.

Agnieszka Gutowska, Head of Brand Marketing & Communication at Nhood Services Poland has talked to Property Forum about the implementation of the ESG principles in the new retail projects, the costs of modernization of the older ones and the approach of the tenants to the ‘new green deal’.

A consortium of Santander Bank Polska and Bank Pekao S.A. granted AFI Europe and Echo Investment a construction and investment loan of €103.4 million and a VAT loan of PLN 20 million. The loan will finance the development of Office House, the first phase of the multifunctional Towarowa 22 project. It will be completed in the spring of 2025.

Ghelamco, together with the Polish Yachting Association, will build Nova Marina Gdynia, a mixed-use building with a yachting centre just by a South Pier in Gdynia (Tricity, Poland). 

For 10 years, developer JTRE has been planning a project for Nové Lido on the Danube’s right bank in Bratislava. This new urban district is foreseen to rejuvenate the area between Old Bridge and Apollo Bridge in Petržalka.

Mendota Invest, OTP Group's subsidiary has received a final building permit for a mixed-use complex at the heart of the Slovenian capital. Construction work will begin in March. The estimated value of the entire investment is more than €350 million. The entire project is expected to be completed by the end of 2026.

LemonTree will build Booster Zabrze in cooperation with Commercecon. It will be business complex with offices and service and logistics space, with a total area of 111,000 sqm, as well as green and public spaces. The investment is to be built directly at the Drogowa Trasa Średnicowa (Silesian Central Motorway) and the intersection of the A1 and A4 motorways. 

Vilnius-based developer Releven has announced the receipt of a construction permit for the Horizontai project on the right bank of the River Neris at 59 Lvivo Street. With an estimated cost of €220 million, the Horizontai project aims to shape the landscape of the Central Business District (CBD) in Vilnius.

Plots with a total area of ​​4.5 ha at the intersection of Vajnorská and Odborárská streets in the neighbourhood of Istrochem in Bratislava were acquired by Penta Real Estate for an unspecified price in 2022. Through its subsidiary UNL, Penta has now submitted its investment plan to the authorities for an environmental impact assessment, reports DenníkN.

Western Europe has been witnessing several city-in-the-city concepts and CEE is following suit. There are good examples across the continent but this special type of development needs meticulous preparation and high-class execution. Property Forum asked Zoltán Petrik, Head of Sales and Real Estate Development at EB Hungary Invest Ltd. about the most important challenges of preparing and materialising such complex projects.