ARTICLES LABELLED WITH TAG redevelopment

News Hotel Budapest (Körszálló) set for major transformation despite controversy
18
Jun
2025

Hotel Budapest (Körszálló) set for major transformation despite controversy

by Property Forum
The iconic 1967-built Hotel Budapest — locally known as Körszálló (meaning 'circle hotel') — has officially received demolition and construction permits for a near-complete rebuild. Most of the cylindrical tower and interior will be taken down and reconstructed to house around 50 luxury apartments, along with wellness facilities, restaurants, offices, and public amenities, 24.hu reports.
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News Why Budapest? The story behind Time Out Market choosing Corvin Palace
22
May
2024

Why Budapest? The story behind Time Out Market choosing Corvin Palace

by Property Forum
Remodelling an iconic commercial building and preserving its historic heritage is a challenge. Finding a perfect tenant mix for a long period is an even bigger problem. Property Forum asked Oliver Balogh and Viktor Balogh, founders of Corvin Palace Kft. about the ways the development company met these challenges.
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News Charitable foundation builds housing for IDPs in Ukraine
09
Jan
2024

Charitable foundation builds housing for IDPs in Ukraine

by Property Forum
The first project of the charitable foundation Housing For IDPs - the Socialization Centre for IDPs for 19 families - will be opened in the Irpin community at the beginning of the year.
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News Can repurposing really be the solution to the housing crisis?
07
Dec
2023

Can repurposing really be the solution to the housing crisis?

by Property Forum
In the face of the housing crisis, the possibility of repurposing existing commercial buildings for residential use is receiving increasing attention. The question is: Can this approach provide a solution to the housing shortage in appropriate locations, and can it be profitable for developers? According to experts at the Urban Land Institute (ULI), changing trends in the office, retail, and hotel markets are making commercial adaptive reuse not just an option, but often a necessity.
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News Żubr Estate in Kraków to come to new life after nearly 16 years
06
Dec
2023

Żubr Estate in Kraków to come to new life after nearly 16 years

by Property Forum
After nearly 16 years, the site of the unsuccessful “Żubr” housing estate project in Podłęże near Kraków is back in use and changing its purpose. The new plan for the site is an international logistics service centre. MCG EastBridge, a new company within the Maszoński Logistic Group, has already begun operations in the region, Axi Immo reports.
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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 Marynarska Business Park in Warsaw transforms into Diuna
15
Jun
2023

Marynarska Business Park in Warsaw transforms into Diuna

by Property Forum
The metamorphosis of the Marynarska Business Park office complex implemented in Warsaw’s Służewiec district by PineBridge Benson Elliot and Syrena Real Estate is nearing completion. Work has been finalised on the outdoor area, replacing a 6,000 sqm concrete car park with a green park open to the city, covered with green hills. The project is changing its name to Diuna.
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News More old buildings to be demolished in Polish cities
15
Jun
2023

More old buildings to be demolished in Polish cities

by Property Forum
Older buildings are making way for new ones, and the trend of redeveloping plots in the centres of large cities in Poland is intensifying. Furthermore, the plans include not only new development projects that arise after demolitions but also transforming existing office buildings into residential projects, including those in PRS (Private Rented Sector) formula, says Avison Young Polska. 
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News UDI Group to invest CZK 3 billion in Brno
07
Feb
2023

UDI Group to invest CZK 3 billion in Brno

by Vera Tumova
The UDI Group has acquired an industrial site in Brno in January, which it will operate for the time being while preparing for future redevelopment. At the moment, the plan is to build offices and hotel-type accommodations. If the city changes the zoning plan, as it seeks to do, the developer's final project may change to reflect this.  Construction would be done in phases, with the first phase to begin within two years. The developer announced the acquisition without disclosing the transaction price.
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News One United Properties buys three historic buildings in Bucharest
16
Dec
2022

One United Properties buys three historic buildings in Bucharest

by Property Forum
One United Properties has announced the acquisition of three historical buildings in Bucharest with the purpose of restoring and transforming them into a new development of the company - One Downtown.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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