ARTICLES LABELLED WITH TAG Poland

22
Feb
2021

Cornerstone Partners and Crestyl buy Budimex Nieruchomości

by Property Forum
Cornerstone Partners, a corporate and real estate private equity investment manager, together with Crestyl Group, a Czech leader in developing multi-purpose real estate projects, have entered into a contract to buy Polish residential developer Budimex Nieruchomości. Other partners participating in the deal include blue-chip financial investors. The conclusion of the transaction is subject to approval from Poland's Anti-Monopoly Office.
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22
Feb
2021

Pop-up stores grow in popularity

by Property Forum
Growing international interest in pop-up stores has taken hold due to the impact of the COVID-19 pandemic, which has caused a reevaluation of both traditional sales models, and customer shopping expectations. The main benefits associated with this particular format are the element of surprise, the opportunity to further enhance a retail offer as well as the chance to attract new groups of customers. Owners and tenants of retail locations are starting to see the benefit of pop-up stores along with many global brands such as Gucci and Prada, which have already responded to current trading conditions. So, is Poland set to see this trend as well?
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22
Feb
2021

My Place in Warsaw by Echo Investment is ready

by Property Forum
Echo Investment has commissioned a second office building in My Place, a multifunctional project located in the Warsaw's Dolny Mokotów district. As a result, an urban quarter combining offices, residential and commercial premises has been completed.
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22
Feb
2021

Value One and Nuveen Real Estate to enter Polish PBSA market

by Property Forum
Eagle JVCo, the investment vehicle established in 2019 between Vienna-based Value One and Nuveen Real Estate on behalf of its parent TIAA, has agreed to acquire a portfolio of purpose-built student housing and two development sites in Poland.
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19
Feb
2021

Cavatina starts construction of two new office buildings

by Property Forum
Cavatina Holding has started construction on the second stages of Palio Office Park in Gdańsk and Ocean Office Park in Kraków. The total area of both stages comes to 34,200 sqm.
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18
Feb
2021

Polish industrial market once again in Europe’s top three

by Property Forum
In 2020, demand for warehouses reached a record 4.8 million sqm, with supply expanding by more than 2 million sqm. Almost 1.9 million sqm remained in the under construction pipeline. Advisory firm JLL summarizes the situation on the Polish industrial market at the end of 2020.
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18
Feb
2021

Stratos office building in Warsaw gets a fresh makeover

by Property Forum
The refurbishment of the Stratos Office Center, which is situated in the very centre of Warsaw, is nearing completion. Lift foyers on all the floors of the building have been revamped as part of the refurbishment works that are coming to an end. New amenities added to the Stratos Office Center include a Dobro&Dobro café and a fitness room available to tenants. The building will soon see the opening of a two-room conference suite.
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18
Feb
2021

Echo Investment acquires controlling stake in Archicom

by Property Forum
Echo Investment will take over a majority stake of the Wrocław-based Archicom company from its founders. Once the transaction is finalized, the Echo-Archicom group will be the largest residential developer in Poland – only in 2021, it will start the construction of 7,000 apartments for sale and rent.
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17
Feb
2021

Investors still focusing on CEE real estate markets

by Property Forum
According to JLL, the value of real estate investment transactions in Central and Eastern Europe totalled more than €9.7 billion in 2020. Poland with €5.6 billion continued its dominance among CEE countries, with the Czech Republic in second place with €1.5 billion (after excluding the Residomo deal of €1.3 billion). Total volumes in Hungary amounted to €1.25 billion, while in Romania and Slovakia total value hit €900 and €525 million respectively.
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16
Feb
2021

Neon office building in Gdańsk changes owner

by Property Forum
Torus has sold the fourth and final stage of the Alchemia business complex in Gdansk - the Neon office building. The buyer is global real estate investment manager DWS, on behalf of one of its German retail real estate funds. The net value of the transaction is over €80 million.
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Latest news


New leases

  • Cushman & Wakefield Echinox moves its headquarters to the office building developed by businessman and former tennis player Ion Tiriac near Piata Victoriei in Bucharest. The company rented here a space between 300 and 500 sqm.
  • CBRE Romania will move from this summer to a new headquarters. The company rented almost one floor of One Tower, which has 1,400 sqm.
  • Furniture retailer Mobexpert leased 2,000 sqm of warehouses and offices in Constanța Business Park, developed by Global Vision and Globalworth. Following recent transactions, Constanța Business Park has reached an occupancy rate of 70%.

New appointments

  • JLL Romania consolidates its industrial team by recruiting Ciprian Sîrbu in order to provide Supply Chain services on the local market. Ciprian Sîrbu has over 10 years of experience in logistics, e-commerce, and industrial supply chain, completed by 7 years in which he worked in the IT field. His role within JLL is to provide advice to customers in streamlining the supply chain like the need for such services increases.
  • Simona Costache has joined Romanian developer One United Properties as Executive Director, Residential Sales. With 15 years of experience in real estate, Simona has been involved in sales, rental and facility management for residential developers in Bucharest.
  • Penta Investments has appointed three new Partners. Fabrice Dumontheil, Václav Jirků and Marián Slivovič have become co-owners and leaders of Penta. Fabrice Dumontheil has been with Penta since 2012. He is the CFO of the entire group, responsible for the strategic financial management of Penta group as well as for group IT strategy. Václav Jirků will be responsible for managing the healthcare investment portfolio as well as the international network of Dr.Max pharmacies. Marián Slivovič will primarily cover Penta's investments in banking and Slovalco, as well as in media projects in Slovakia and Czech Republic.


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