A long-vacant iconic building on Almássy Square in District 7 of Budapest, which previously housed a leisure centre, will be transformed into a 135-room hotel, Építészfórum reports.

Atrium announced the major refurbishment of its flagship shopping centre – Atrium Promenada, located in Warsaw, Poland. The investment aims to refurbish the second part of the shopping centre. This will continue the transformation of Promenada, the first part of which was completed in autumn 2018.

Radisson Hotel Group announced the relaunch and repositioning of Radisson Blu Hotel Bucharest, following a major capital investment to transform the hotel’s lobby and garden area, as well as increase the hotel’s room inventory by more than 600 rooms.

EuroCenter owner and developer Wing has selected Bernecker Kft. to carry out general contractor tasks for the modernisation of the 46,000 sqm shopping centre located in the northern Buda area. The shopping centre has closed for the duration of the renovations and is scheduled to reopen in spring 2022, boasting a modern appearance and ready to meet 21st-century customer demands. Construction work begins in late April.

Real estate developer AFI Europe Romania is investing around €1.6 million in the refurbishment of common spaces in the AFI Lakeview office project, in northern Bucharest. 

The third-largest provider of rental housing in Europe, Swedish company Heimstaden plans to almost double its investments into the refurbishment and expansion of its Czech portfolio.

Marera Real Estate Partners, a sister company of Marera Properties, has acquired the historical landmark of the publishing house BIGZ built in 1941. This monumental property spreads across over 40,000 sqm. With an investment of over €40 million, it will be turned into a modern business centre over an 18 month period of time. For project implementation, Marera Real Estate Partners is joining forces with Aleksandar gradnja, a company with proven expertise in residential development.

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.

North Gate, an office building in Warsaw, has seen completion of its comprehensive upgrade, with all its communal areas fully refurbished and new amenities provided to tenants.

Israeli-owned real estate developer Hagag Development Europe has received the urban planning certificate for the restoration of Știrbei Palace in Bucharest which will be converted into a modern office building.