ARTICLES LABELLED WITH TAG reconstruction

News Reconstruction of Białystok retail parks finishes
25
Apr
2024

Reconstruction of Białystok retail parks finishes

by Property Forum
Over 16,400 sqm GLA currently supplies the Białystok market with the Wysocki Retail Park, which was created on the basis of the former Outlet Białystok project. The owner, Newgate Investment, planned and implemented the processes of reconstruction and recommercialization of the former outlet with an original GLA of 13,336 sqm. As a result of the changes introduced, the area of the facility increased by over 3,000 sqm and the NOI level increased by approximately 70%. Redevelopment projects initiated by Newgate Investment began in 2021. The final stage is currently underway. Newgate Investment manages a real estate portfolio consisting of 30 commercial facilities with a total lettable area exceeding 126,000 sqm. The rental level of the property is close to 100%.
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News PSN to renovate shopping centre in Pardubice
08
Dec
2023

PSN to renovate shopping centre in Pardubice

by Property Forum
In 2024, PSN will begin a two-year reconstruction of the famous functionalist building in the centre of Pardubice. The first republican Grand Hotel, which served as a shopping centre for over 20 years, will now be transformed into a modern shopping centre with full preservation of the original legacy of the architect Gočár. The renovation is expected to cost €12.331 million, PSN estimates.
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News UDI Group to expand Prague shopping centre with apartments
19
Oct
2023

UDI Group to expand Prague shopping centre with apartments

by Property Forum
Developer UDI Group will launch a residential development in Prague directly opposite the Lužiny metro station. With an investment of more than CZK 1.3 billion (€52.6 million), two apartment buildings will be built here to complement the shopping centre, in line with the original plan from the 1980s. 
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News Delayed construction of Ritz-Carlton hotel in Prague goes on
22
Aug
2023

Delayed construction of Ritz-Carlton hotel in Prague goes on

by Property Forum
The Ritz-Carlton luxury hotel, which is to be built in the heart of Prague after the renovation of eight historic buildings, and was delayed is now moving forward again. The long-planned construction of a five-star hotel was supposed to be completed last year, but the new completion date is now set for 2025 at the earliest. The reconstruction will also include 26 apartments for long-term rent, writes E15.cz.
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News Prague's Smíchov railway station set for €215 million reconstruction
16
Aug
2023

Prague's Smíchov railway station set for €215 million reconstruction

by Property Forum
Two large railway stations in Prague are about to be modernised. After Masarycka station, Czech national railway infrastructure manager (SŽ – Správa železnic) is now looking for a construction contractor for the Prague-Smíchov station as well. The result will be wholly modernised tracks and platforms, extended underpasses under the whole station, and a new footbridge leading over the station and allowing barrier-free access to individual platforms. The construction implementation will take place between 2024 and 2027, the total cost amounts to CZK 5.2 billion (€215 million), says SŽ in a press release.
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News YIT  to convert 1990s office complex in Prague into flats
19
Jul
2023

YIT to convert 1990s office complex in Prague into flats

by Property Forum
YIT is the new owner of the Kuta Centrum office complex in Prague 4. In the future, the complex, renamed YIT Office Centrum, should be transformed into a residential complex, the CEO of YIT told online daily newstream.cz.
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News Prague's oldest train station to be rebuilt
17
Jul
2023

Prague's oldest train station to be rebuilt

by Property Forum
Správa železnic (Railway Administration) has announced a tender for a contractor who will reconstruct Prague's oldest train station - Masarykovo nádraží - for CZK 3.2 billion (€134.6 million). The idea of the authority is that the contractor should be able to connect the historical spaces with contemporary architecture and at the same time that the comfort for passengers and trains should be significantly increased, according to the report by the Správa železnic.
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News Hotel Avion in Bratislava to be turned into flats
11
Jul
2023

Hotel Avion in Bratislava to be turned into flats

by Property Forum
Bratislava's socialist hotel will be transformed into a multifunctional building with office space and apartments. Its redevelopment is now planned by the developer Imoba fin, writes the Slovak daily Hospodárské noviny. However, further details regarding the price and timetable have not yet been revealed.
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News Prague's Intercontinental Hotel gets a major refurbishment
05
Apr
2023

Prague's Intercontinental Hotel gets a major refurbishment

by Property Forum
Prague's famous brutalist-style Intercontinental Hotel is undergoing a complete renovation. After the reconstruction, the hotel will operate with sustainability principles and will become part of the Fairmont chain, the daily E15.cz reports without mentioning the price of the planned reconstruction.
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News Bratislava's Aupark shopping centre to be expanded
04
Apr
2023

Bratislava's Aupark shopping centre to be expanded

by Property Forum
Wood & Company is starting to improve its Aupark shopping centre in Bratislava. It plans to expand it with three more retail units and open the space to other global brands, startitup.sk reports.
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Latest news


New leases

  • Delivery firm Cargus has leased 3,000 sqm for a new warehouse in CTPark Sibiu. Across Romania, Cargus has 20,000 sqm of warehouse spaces leased in CTP projects.
  • Decerto IT company has taken 850 sqm on the fourth floor of the Lumen office building in Warsaw.
  • Poznań's Andersia Tower is expanding its tenant portfolio. Recruitment company Hays Poland has taken a 260 sqm office space in the building. The Sempire agency, part of the Shoper group, has decided to lease 600 sqm.

New appointments

  • Maciej Kamiński joins the Axi Immo Services team as Head Of Business Development. His main task will be formulating and implementing business development strategies and negotiating and concluding contracts in the company's business area.
  • Polski Związek Firm Deweloperskich (Polish Association of Property Developers) elected new authorities at its general meeting in Katowice. Maciej Wandzel was elected chairman of the board. He will replace Grzegorz Kiełpsz, who became honorary president of the PZFD.
  • Piotr Herian has taken up the position of ISS CFO for Poland and the Baltics. ISS is a leading company in the creation of friendly workplaces and comprehensive facilities management.

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