ARTICLES LABELLED WITH TAG development

Globalworth has completed the acquisition of two additional land plots adjacent to its assets on the Gara Herastrau/Barbu Vacarescu corridor of Bucharest for approximately €16 million. These plots are anticipated to allow for the development of 40,000 sqm of commercial (predominantly office) space. The company published an update for its operations.

Hagag Development Europe is investing over €90 million in its first Bucharest project and the company’s largest residential project in Romania, H Pipera Lake.

JLL and CBRE have been jointly appointed to lease Budapest ONE Business Park, the new office development project of Futureal Group in Hungary. The two advisors will cooperate on a co-exclusive basis for the leasing of the 68,000 square meter office complex.

Sorin Visoianu, Country Manager of Operations for Romania and Bulgaria at Immofinanz has left this position after eight years with the company, zf.ro reports.

Owner Unibail-Rodamco plans to extend the Aupark shopping centre in Bratislava by 7,000 sqm. According to etrendk.sk, the developer has already filed documentation for a construction permit.

Łódź will become the second Polish city after Warsaw with projects by HB Reavis. The company has become the new owner of a plot at 2 Targowa Street in Nowe Centrum Łodzi (The New Centre of Łódź). According to the local zoning plan, the area will consist of office buildings with publicly accessible retail and walkable spaces on the ground floors. The listed buildings located on the plot will also be preserved. The price of the plot has not been revealed.

Panattoni Europe will develop a manufacturing facility for Pilkington IGP. The project will take up more than 10,000 sqm at Panattoni Park Białystok. Production will be launched by early September this year, and at the initial stage of operations the plant will employ approx. 200 people.

Romanian developer One United Properties plans to launch a residential project (One Mircea Eliade) with 250 apartments and the construction of a 24,000 sqm office building (One Tower) next to Bucharest’s Floreasca Lake, on the site of the former Automatica site.

AFI Europe Romania has received the building permit that allows for construction works to begin on AFI City, the first residential project developed by the company in Romania. The building process has been divided into phases, the first one being scheduled to begin in the next 2 months.

Golub GetHouse has signed the purchase agreement of the property located at Jagiellońska Street 82 in the Warsaw district of Praga-Północ. The investment plot with a total area of 11,533 sqm is located opposite the Kozminski University. In the first stage of the project, a modern student house with cca. 430 beds and with student amenities will be constructed. The investment will be covered by the Golub GetHouse Property Fund II FIZ and in partnership with CA Ventures company, specializing in the construction of student houses in the USA.