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News - JLL to launch new office in Łódź
06
Jul
2017

JLL to launch new office in Łódź

by Ákos Budai
JLL will launch its new office in Łódź, which will be the company’s fifth unit in Poland. Marta Pyziak has been appointed head of the company’s newly-established unit.
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News - Bucharest's AFI Tech Park achieves LEED pre-certification
04
Jul
2017

Bucharest's AFI Tech Park achieves LEED pre-certification

by Ákos Budai
AFI Tech Park, the newest office project developed by AFI Romania, achieved a LEED Platinum pre-certification. AFI Tech Park is a business campus that will offer 56,000 sqm GLA of Class A office space, comprising of two office buildings of GF+8 and one office tower (GF+14). 
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News - Erste Group completes €40 million Belgrade office complex
04
Jul
2017

Erste Group completes €40 million Belgrade office complex

by Ákos Budai
Erste Group officially opened the Sirius Offices business complex in Belgrade for tenants who are expected to enter the building soon. Erste Bank Serbia is the first tenant to move into the new business complex, which will become its main business centre in Belgrade. Beside Erste Bank, Strabag d.o.o Beograd has been secured as a second large anchor tenant, renting 4,000 square meters office space. The first phase of the investment is worth €40 million and the complex occupies an area of 18,500 square meters gross of office space. Besides office premises, Sirius Offices includes a restaurant, a shop and 230 parking places.
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News - Globalworth buys third Green Court Bucharest building
03
Jul
2017

Globalworth buys third Green Court Bucharest building

by Ákos Budai
Globalworth Real Estate Investments has acquired Building C of the Green Court Bucharest campus developed by Skanska. The gross transaction value is approximately €38 million and the acquisition is expected to close in Q3 2017.
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News - EPP to become a pure retail property fund
30
Jun
2017

EPP to become a pure retail property fund

by Ákos Budai
Echo Polska Properties NV announced results Q1 2017 with distributable earnings 3.2% ahead of budget at €16 million. At period end the portfolio was valued at €1.5 billion with a portfolio of 10 retail and nine office properties and two Warsaw-based retail development sites.
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News - New office development starts in Central Buda
30
Jun
2017

New office development starts in Central Buda

by Ákos Budai
Redwood Real Estate Holding (formerly known as B&L Estates), a Hungarian real estate developer has recently started the construction of the 5,000 sqm, Class A+, LEED Platinum pre-certified Ecodome office building on a speculative basis
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News - M7 Real Estate teams up with CBRE in Hungary
30
Jun
2017

M7 Real Estate teams up with CBRE in Hungary

by Ákos Budai
After entering the Hungarian market in 2016, M7 Real Estate has chosen the Budapest office of CBRE to manage the entire Hungarian real estate portfolio within the M7 CEREF I Fund. 
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News - Portland Trust buys Prague office park for €65 million
28
Jun
2017

Portland Trust buys Prague office park for €65 million

by Ákos Budai
Portland Trust and its long term joint venture partner Ares Management have purchased Office Park Nové Butovice in Prague 13 for €65 million. The seller was CEE Property Development Portfolio (CPDP 2). Office Park Nové Butovice offers 36,000 sqm of leasable space.
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News - Skanska starts new development in Wroclaw
26
Jun
2017

Skanska starts new development in Wroclaw

by Ákos Budai
Skanska has launched the construction works of its Nowy Targ office project in the centre of Worlcaw. The building’s name relates to Nowy Targ square which is located nearby and which in the past served as the city's trading centre. The office project will provide nearly 22,000 sqm of flexible space dedicated to business with its delivery scheduled between Q2 and Q3 2019.
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News - Skanska sells Prague office building for €50 million
23
Jun
2017

Skanska sells Prague office building for €50 million

by Ákos Budai
Skanska has sold the office building Five in Prague, to a real estate fund managed by TRIUVA Kapitalverwaltungsgesellschaft for €50 million. The transaction will be recorded by Skanska Commercial Development Europe in Q2 2017, with the transfer of the property scheduled for Q4 2017.
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Latest news


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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