We all know the feeling. When the weather outside is terrible but we are able to observe it only as spectators, safe and comfortable inside. There is a Danish word for this feeling: “hygge.” It describes the quality of coziness from being warm in cold weather. It is associated with wellness and contentment—and occasionally used to sell thick wool socks and bearskin rugs. “Hygge” hit popular culture a few years ago but it’s not a trend that’s going away. It is a way of life and an aesthetic.
For the Cavatina Capital Group, the owner of the largest Polish commercial developer, 2020 was a record-breaking year. The group completed transactions worth 206.5 million euros, as well as attracting record-breaking leases, launching three multifunctional projects and starting with its project of an apartment lease platform, which will deliver over 2200 units to the market. The company currently has a commercial project portfolio of 500 000 square meters and intends to double this number within the next five years.
Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces that Dimitris Raptis is appointed sole CEO of the Group. Ioannis Papalekas is stepping down as CEO of the company effective 15th of December 2020.
Commercial real estate companies have once again been coming to the aid of hospitals across Poland. Dinners, healthy snacks, pizzas, sandwiches and plates of sushi are being sent to the doctors, nurses, midwives and paramedics working to save lives and safeguard the health of their patients, and who have no time to prepare their own lunch or dinner while on a 24-hour shift. During the current campaign 10,500 meals have already been supplied to hospitals.
Master Management Group (MMG) has been granted an occupancy permit for its Hi Piotrkowska complex, which has already become a landmark of Łódź. In December the first tenants are gradually to start their operations from the main building. At the same time, MMG has signed further leases including with the Rossmann drugstore and the Łódź-based florist Badylarz.
Warsaw Trade Tower (WTT) – an iconic office tower and one of the tallest skyscrapers in the Polish capital – is now being managed by its owner, Globalworth.
Securitas, the leader in the security market in Poland, is another new tenant who has taken up several hundred sq m. of space in DL Piano, one of the most modern office buildings in Katowice. DL Piano is a project unique on the Silesian map of office space, which was built by DL Invest Group in accordance with the company's principles of mixed use projects. The office campuses implemented by DL Invest Group in this formula, in addition to the dominant office function, also provide a large retail and service component, the primary purpose of which is to meet the basic needs of tenants and local communities. In DL Piano you will find a drugstore, bakery, gym, bistro, cafe, but also a kindergarten. DL Piano with an area of over 17,000 sq m. it is also one of the newest office buildings in Katowice, which was put into use at the end of the first half of 2020.
As Covid-19 squeezes demand for offices, shared workspace provider IWG (IWG) is set to place its Jersey-based subsidiary, Regus plc, into insolvency. The move is designed to send a signal to landlords that unless they are prepared to lower their rents, IWG is willing to walk away from its lease obligations.
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