ARTICLES LABELLED WITH TAG refurbishment

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.  

Marynarska Point 2, an office building in Warsaw owned by Bluehouse Capital, is currently undergoing refurbishment. As part of the work underway, its reception lobby will be fully remodelled. The building’s surroundings will also be redesigned.

Horizon (formerly Horizon Plaza), a Class A office complex in Warsaw’s Mokotów-Służewiec district, is going through an overall rebranding process conducted by global real estate services firm Cushman & Wakefield. Union Investment, the property owner, decided to rename the office building, redesign its visual identity and landscape, introduce a new signage system in common areas and launch a new showroom. In spring 2020, more greenery, new tenant amenities and landscape elements will be added in the areas around and near the building.

REM Group has acted as property advisors, project managers and now as property manager of the Korean Cultural Center (KCC) located at 30-34 Frankel Leo Street, in District II of Budapest. The building of more than 5,000 sqm was extensively refurbished to house the Korean Cultural Center as part of a relocation from their previous premises in the MOMentum Office building in District XII of Budapest.

Multi Hungary announced its extensive refurbishment plans for Allee shopping centre in Buda, in the most densely populated district of Budapest. Multi will upgrade and renovate the 46,700 sqm shopping centre, while enhancing the tenant mix, interior and exterior design and customer services. Multi will start the execution phase in the second quarter of 2020 and expects to complete most of the work still in 2020.