Atrium European Real Estate, the owner of the Wars Sawa Junior buildings and the operator of Pasaż Wiecha, has appointed award-winning architectural design and engineering firm Foster + Partners to look into this central location in Warsaw. The practice experienced in large scale urban regeneration projects is to conceptualize the possible directions of use of this emblematic scheme, that would facilitate upgrading it into a future-proof part of the multifunctional city center. The partnership demonstrates a 2030+ vision to responsibly realign public realm with the New Center of Warsaw municipal masterplan and form meaningful pedestrian connections with anticipated Museum of Modern Art and Plac Centralny, Chmielna street and tourist city walk toward Nowy Świat and Old Town.

Most customers no longer visited shopping centres for traditional shopping purposes only, a non-representative survey conducted by Indotek Group revealed.

More than ten thousand Ukrainian refugees have already applied for help at the Temporary Support Centre for Refugees (TOWU) in Turawa Park  (Opole, Poland). Just a few days ago TOWU signed a Memorandum of Cooperation with the Polish branch of the Red Cross.

Consulting company Walter Herz has been selected as the sole agent responsible for the commercialization of space in the Blue Office complex, which is a complementary office part of Blue City mall in Warsaw.

Adventum Group, the CEE focused real estate investment manager, has signed contracts to acquire 18 retail park assets in the Czech Republic and Hungary anchored by Tesco in a €280 million transaction. The app. 360,000 sqm portfolio will be a significant addition to its growing portfolio of assets across the core CEE countries including Poland, the Czech Republic and Hungary. A banking consortium of OTP Bank Plc. and Erste Group (Erste Group Bank AG and Erste Bank Hungary Zrt.) has entered into a new €150 million acquisition facility to finance the acquisition of the portfolio. The acquisition facility was arranged by OTP Bank and Erste Bank.

The Czech branch of Colliers launched a new generation of search engines for vacant office, industrial and retail space in the Czech Republic, the company announced.

In Ljubljana, a huge mixed-use project will see the creation of a new railway station, a new bus station, a hotel, a shopping centre, offices and apartments as part of the Emonika project. The public infrastructure project will be complemented by a private development by Mendota Invest, owned by Hungary’s OTP Real Estate Investment Fund. The project, which is worth nearly €500 million, was presented in Ljubljana by Sándor Csányi, CEO of OTP, Jernej Vrtovec, Slovenia’s Minister of Infrastructure, Zorán Janković, Mayor of Ljubljana, Dusan Mes, CEO of the Slovenian Railways and Janez Kozelj, Deputy Mayor of Ljubljana, Hungarian business daily Portfolio reports.

Investment activity in Romania’s property market totaled €98.6 million in the first quarter of this year, up 75% compared to the same period of last year, according to a report by real estate consultancy Crosspoint Real Estate.

Romania’s modern retail stock reached 4.02 million sqm at the end of the first quarter, with the new supply expanding by 19,500 sqm, according to a report by real estate consultancy CBRE. 

People have started to return to their usual shopping destinations. That is reflected in the positive business development of SES Spar European Shopping Centers during the second year of the pandemic. Compared to 2020, significant growth was recorded in retail partner sales, visitor footfall and average spend per purchase. This positive upward trend was recorded by SES in all countries in which it operates centres. Despite the pandemic, in 2021, a total of €22 million was invested in maintenance and sustainable measures relating to the operation of the centres, as well as in project development.