VGP Park Pilsen is expanding
VGP, the developer and owner of semi-industrial and logistics real estates, has launched construction of the fifth hall in its logistic park VGP Park Pilsen, located in an industrial...
Author: Winston Norman
Accor expanding Mercure portfolio in Romania
Mercure Medias Binderbubi Hotel and SPA has officially opened its doors for its first guests, after a major refurbishment. The hotel offers 46 elegant rooms and suites, a restaurant...
Kara Group sells prime logistics facility located near Vienna to AEW
Kara Group of Companies, an Austrian real estate developer with more than 30 years of experience, sells a distribution centre that is part of its successful Logistikzentrum Wien Nord...
Positive sentiment continues on the Polish industrial and warehouse market
According to “Occupier Insight – Industrial and Warehouse Market Q1 2021”, a report prepared by real estate advisory firm Cresa, gross industrial and warehouse take-up climbed to 1.6 million...
7R developing a new R&D center for Polfa Warszawa
The global pandemic has clearly shown how important it is to secure drug supplies. In this way, warehouse and industrial developers are creating specialized buildings adapted to the needs...
Adventum acquires Hermes Business Campus in Bucharest
Belgium developer Atenor has reached an agreement to sell the Hermes Business Campus in Bucharest to Adventum Group. The 75,000 sqm, mixed-use project is located in one of the...
Polish fashion retailer LPP doubles logistic capacity in Bucharest
The largest Polish fashion retailer, LPP, which operates the Reserved, Cropp, Mohito, House, and Sinsay brands, will double its storage capacity in Romania. The new logistic facility will be...
pbb posts markedly higher pre-tax profit of €52 million in Q1 2021
Deutsche Pfandbriefbank AG (pbb) starts 2021 on a strong note. With a pre-tax profit of €52 million, the real estate lender exceeded the previous year’s figure of €2 million...
REINO-IO buys 5 logistics parks in Poland for UK’s Grosvenor Group
REINO-IO, an entity established by REINO Capital, a holding company listed on the Warsaw Stock Exchange, and IO Asset Management, a specialized industrial asset manager, expanded its managed portfolio...
Q1 sees €1.25 billion invested in Polish real estate mainly from Europe to office investments
In the first quarter of this year, €1.25 billion was spent on commercial real estate in Poland. This reflects a decrease of only 1.5 percent compared to the five-year...
KCG Partners reveals positive news on Hungary’s apartment market
The Hungarian Central Statistical Office released the price index of the apartment market regarding the fourth quarter of 2020. Surprisingly, regardless of the adverse effects of the pandemic, the...
Cargus invests €500,000 in a modern warehouse located in Buzau
Cargus, an experienced courier company operating in Romania, has opened its standardised and modern warehouse in Buzau, following a €500,000 investment. The new warehouse has a built-to-suit concept for...
