Evergent Investments, a financial company listed on the Bucharest Stock Exchange (BVB), has announced the development of a new mixed-use project in Iași with an estimated value above €100 million. 

AFI Europe, an international investment group, is to buy shares in the Towarowa 22 project in Warsaw. AFI Europe and Echo Investment will jointly develop the commercial part of this complex. Echo Investment will independently be the investor of the residential part and the developer of the entire project.

Opened in September 2021, the Norblin Factory is filling up with tenants. The project’s investor, the Capital Park Group, has signed lease contracts with another six concepts which will soon join the revitalised complex at Żelazna Street. The office space of the multifunctional building was already fully leased last year.

Supersam, a mixed-use destination in Katowice which includes a shopping centre and office buildings, is undergoing a transformation. It will soon feature more office space as well as a new restaurant section. The Konior Studio led by Silesian architect Tomasz Konior is responsible for the redevelopment project. The work should be completed in Q4 2022.

Strabag Real Estate has acquired the defunct Galeria Plaza shopping centre in Kraków and the 8 ha plot it stands on from Peakside Capital Advisors for an undisclosed sum.

The commercial part of Horizon Development’s mixed-use property in downtown Budapest, Szervita Square Building was purchased by Union Investment for one of its institutional real estate funds. The parties agreed not to disclose details of the purchase price.

Kinga Nowakowska, COO and Board Member of Capital Park Group talked to Property Forum about the delivery of Norblin Factory mixed-use project in Warsaw, the impact of the pandemic on the retail market and  CPG’s upcoming investment plans.

Hungarian asset manager Futureal Investment Partners has made its second acquisition – the Wratislavia Towers mixed-use development in Wrocław city centre. The value of the transaction remains undisclosed.

The Capital Park Group has completed the revitalisation of the Norblin Factory. The complex was granted an occupancy permit at the end of August 2021. The multifunctional project has a total area of over 65 thousand square metres. Its office space has already been fully leased. Visitors to the Norblin Factory can enjoy cultural, entertainment and dining concepts including the original KinoGram cinema, the Bio Bazar organic market, and the capital city’s largest food court Food Town.

Property developer Prime Kapital says it has finished the demolition phase on a former industrial platform in Iași where it will kick off the construction of Silk District, a mixed-use scheme.