Solida Capital Group has secured project financing from Santander Bank Polska for the conversion of a centrally located Warsaw office building, the company announced on LinkedIn. The project involves refurbishing and transforming the existing building into a modern 268-room aparthotel, which will be the first Staycity Group-operated property in Poland.

CPI Property Group (CPIPG) has launched the next stage of modernisation at the Eurocentrum-Alfa office building in Warsaw, part of the Eurocentrum Office Complex. Following earlier investment in HVAC and building management systems, work is now beginning on a full refurbishment of the lobby area.

CA Immo has announced that the Saski Crescent office building in Warsaw is now fully leased following the signing of new contracts with three companies, which together took 3,500 sqm of space. The property is now home to 12 tenants from different industries, while the ground floor hosts the BursztyNova Restaurant and Café, open to both employees and external visitors.

Turawa Park shopping centre near Opole (southern Poland), owned by Focus Estate Fund since 2022, is steadily focusing on development and modernisation to meet the expectations of both customers and tenants. As part of the reconstruction, approximately 9,000 sqm GLA of space has been redesigned and enhanced. The project’s total cost was €5.5 million, with financing partially secured through BNP Paribas Bank.

Whilst significant ink has flowed in relation to the ‘E’ pillar from the vast ESG spectrum, the ‘S’ pillar is beginning to catch up in prominence particularly in the office sector across the UK and Continental Europe. Post-Covid behaviours have had a massive impact on the office offering and workforce demands - the office is by no means dead, but its role has certainly had a significant rethink, writes Mirela Calota, Director, Deal Advisory - Real Estate and Infrastructure at KPMG, in an article prepared for Property Forum.

Steffen Szeidl, CEO of Drees & Sommer, spoke with Property Forum at Expo Real about the challenges of property development and the potential for business growth in Europe. He cites the electrification of the economy and the upgrade of the existing stock of buildings as new growth avenues for Europe.

CC Real has commenced its extensive €20 million refurbishment of City Center one Split, due for completion by the end of Q2 2024. Key upgrades will include the creation of a first-of-its-kind entertainment and leisure area for Croatia, lighting and interior design improvements, brand-new outdoor spaces, and measures to reduce energy consumption. More than 7,000 sqm of retail units will be reshaped to improve clustering, and more than 10,000 sqm of premises will be renovated.

The first tenant has already moved into the downtown office building recently modernised by Defactoring Zrt. Located in District 9, the office building has been equipped with solar panels and smart devices.

The façade, the ground floor hall, and the reception of the Atrinova office building in Budapest's CBD have been completely renewed with a modern environmentally conscious architectural approach. 

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.