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» Chronological View: " Central Europe " «

The Polish retail market stands second to none

With the impressive 66% growth of retail sales per capita since 2004, Poland stands second to none in Europe. Over the past five years both the retail stock and the retail sales have been growing steadily at the level of 20% cumulatively, according to an analysis released by Cushman & Wakefield. Forecasts for the next decade ...
Monday, 24. April 2017

DekaBank provides financing for an office asset in Munich

DekaBank has arranged an acquisition loan to Next Estate Income Fund II (NEIF II) in order to purchase an office building in Munich. The fund is managed by BNP Paribas REIM. The office building, which is known as the H20 (Moosacher Strasse 84-88), is located in the Moosach area. It comprises a newly-built office building exte...
Monday, 24. April 2017
Commerz Real buys shopping centre in Mülheim for HausInvest

Commerz Real buys shopping centre in Mülheim for HausInvest

Commerz Real has acquired the inner-city shopping centre “Forum City Mülheim” with a total area of approx. 47,300 square metres for its open-ended real estate fund HausInvest. The seller is a special purpose vehicle administered by JP Morgan Asset Management, a subsidiary of the US investment bank JP Morgen Chase. It was agre...
Friday, 21. April 2017

NAI apollo group secures Eismann as new tenant for logistics property in Griesheim

NAI apollo group advised Eismann Tiefkühl-Heimservice GmbH on the leasing of a 1,250-sqm warehouse, cold storage and office premises in Griesheim near Darmstadt. The new tenant is a frozen goods specialist and the landlord is Gewerbepark Kirschberg GbR. The new, optimised facility at 2, Daniel-Müller-Str. in Griesheim, is con...
Friday, 21. April 2017

A year of spectacular retail openings lie ahead

JLL summarizes Q1 2017 on the retail market in Poland. “By the end of Q1 2017, total retail stock in Poland was 13.4 million sq m. Shopping centres accounted for 9.5 million sq m, while retail parks, warehouses and outlet centres accounted for 9.5 million sq m in total. In the first three months of 2017, the market gained a m...
Friday, 21. April 2017

Apleona bundles consulting and management services for real-estate projects

Apleona is bundling its portfolio of technical consulting services for real-estate properties and real-estate projects in Germany and Austria. To this end, Apleona Bauperformance, formerly Bilfinger Bauperformance, and the building advisory and project management unit from Apleona GVA were merged with effect from March 1, 201...
Friday, 21. April 2017
Rent24 opens Flagship Coworking Space in Berlin-Mitte

Rent24 opens Flagship Coworking Space in Berlin-Mitte

The coworking and coliving provider Rent24 opens a new location on more than 7,200 square meters at Berlin's Gendarmenmarkt this summer. Open working areas as well as individual offices, event spaces and lounge areas will describe the coworking space across the complete building on six floors in the Oberwallstrasse 6. „The re...
Thursday, 20. April 2017
Jestico + Whiles design residential development in Prague

Jestico + Whiles design residential development in Prague

Jestico + Whiles has been appointed to design Sakura, a residential building situated atop one of Prague’s hilltop locations and is expected to start on site later this spring. The scheme for T.E Development Group in Prague will provide its home owners with views of the city from a total of 64 units and three roof villas. A c...
Thursday, 20. April 2017

Europa Capital and WX Management Services acquire Radisson Blu Centrum Hotel in Warsaw

Europa Capital and WX Management Services have completed the acquisition of the Radisson Blu Centrum Hotel in central Warsaw. The Radisson is a 311 room, four-star hotel with conference facilities, restaurants and leisure facilities including a gym, swimming pool and spa and is located in the heart of Warsaw's CBD. WXMS advis...
Thursday, 20. April 2017
Skanska leases office space in Generation Park in Warsaw to Citi Service Center Poland

Skanska leases office space in Generation Park in Warsaw to Citi Service Center Poland

Skanska has leased 13,600 square meters of office space in phase I of Generation Park in Warsaw, Poland, to Citibank Europe PLC (Citi Service Center Poland). The start date of the lease is scheduled for the fourth quarter of 2017. The first phase of Generation Park is already over 70 percent leased to three tenants. Citibank ...
Thursday, 20. April 2017

Rising construction costs and lack of skilled labour force make recovery difficult

The current forecast for total construction volumes shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of develope...
Thursday, 20. April 2017

Pradera appoints BNP Paribas Real Estate to manage its retail parks and shopping centers

BNP Paribas Real Estate has been selected to provide property management services in 8 countries on behalf of Pradera. BNP Paribas Real Estate will take over the property management of 25 properties that include Ikea among the key retailers, along with other major national and international brands. Pradera will act as asset m...
Thursday, 20. April 2017

Dedra Exim renegotiates and expands its warehouse and office space lease

Dedra Exim Sp z o.o. has renegotiated and expanded its warehouse and office space lease in MLP Pruszków I to 11,600 sq m. The tenant was represented in the negotiations by Cushman & Wakefield. Dedra Exim has operated in the tools sector since 1991. It sells products under its own brands Dedra, Pansam, Descon and Hartsson. It ...
Wednesday, 19. April 2017

German Tech Entrepreneurship Center is expanding to Frankfurt

The German Tech Entrepreneurship Center (GTEC) is coming to the office complex Junghof in Frankfurt (Main). The expansion was made possible with the help of GTEC Partner Union Investment. The current internationality of GTEC will continue in the “Main-Metropolis”, helping the growing Frankfurt startup scene to flourish alongs...
Wednesday, 19. April 2017
Business Garden Wrocław awarded LEED-Platinum

Business Garden Wrocław awarded LEED-Platinum

Three buildings comprising the first phase of the Business Garden Wrocław were awarded LEED-Platinum, Vastint informs. The applied architectural solutions and implemented systems ensure the high comfort of the working environment and at the same time reduce the energy and water consumption.
Wednesday, 19. April 2017

Motel One opens flagship in the heart of Berlin’s City West area

Motel One is opening a new hotel: Motel One Berlin-Upper West will be the group’s ninth hotel in the German capital. The hotel’s ideal location in the west of Berlin, right by the Kaiser Wilhelm Memorial Church. The hotel has 582 rooms and occupies 19 floors of the new Upper West building. The highlight is the One Lounge, sit...
Wednesday, 19. April 2017