BrandBQ Leases More Than 30,000 sqm at 7R Hub Nowa Huta

7R has signed a long-term lease agreement with BrandBQ, owner of the Medicine fashion brand, for more than 30,000 sqm of warehouse space at 7R Hub Nowa Huta in Kraków.

The facility will support the company’s procurement, warehousing and distribution operations, serving both its e-commerce business and deliveries to several hundred retail stores in Poland as well as customers in international markets.

The lease covers space in Building H1 and will be delivered in two stages. The first phase is scheduled to be handed over in November 2027, with the second becoming operational in November 2028.

BrandBQ, headquartered in Kraków, develops and operates the Medicine fashion brand through an omnichannel retail model combining online sales with physical stores. The company operates stores in Poland, the Czech Republic and Slovakia, while its products are also available in 12 European countries through the Answear.com platform.

Maciej Stępień, E-commerce Director at Medicine, said the new logistics facility will support faster order fulfilment and improvements in warehouse automation as the company continues to develop its distribution network.

The warehouse is being designed to meet BrandBQ’s operational requirements and will include areas for both conventional warehousing and dedicated workstations. Planned energy-efficient features include a hybrid heating system combining heat pumps with additional heating units.

Located within the Ruszcza Logistics and Industrial Centre, 7R Hub Nowa Huta forms part of the “Kraków – Nowa Huta of the Future” development programme. The site benefits from access to national road 79 and the planned S7 expressway interchange.

Once completed, the park will provide approximately 230,000 sqm of logistics space. The development will include infrastructure designed to support warehouse automation, together with building management systems, photovoltaic installations, heat recovery ventilation, carbon dioxide monitoring systems and air-source heat pumps.

The project also incorporates environmental measures including the planting of more than 2,200 trees and shrubs, approximately 10 hectares of new woodland, rain gardens, wildflower meadows, cycling facilities and employee recreation areas. The development is targeting BREEAM Excellent certification, with the first phase scheduled for completion in the second quarter of 2027.

CTP Launches 66,000 sqm Industrial and Logistics Park in Southern Hungary

CTP is expanding its presence in Hungary with the development of its first industrial and logistics park in the country’s southern region, launching a project in the city of Pécs with a planned gross leasable area of more than 66,000 sqm.

The development will be delivered in phases. Construction of the first phase, a 14,200 sqm built-to-suit logistics facility, is scheduled to begin in the second quarter of 2026. The building has already been pre-leased to an existing customer and is expected to be completed by the end of the second quarter of 2027.

Future phases of the park will be developed according to market demand and occupier requirements.

The project is located on the southern edge of Pécs next to an established industrial area, with access to the M60 motorway and connections to the M6 motorway linking Budapest with the Croatian border.

Pécs, which has a population of around 150,000, offers an established industrial base and access to a skilled workforce supported by the University of Pécs.

Ferenc Gondi, Managing Director for Hungary at CTP, said the development marks the company’s entry into a new regional market and will provide modern industrial and logistics space while supporting occupier expansion and regional economic activity.

The first building is targeting an A+ energy rating and BREEAM Excellent certification. Planned sustainability features include a heat pump system designed to improve energy efficiency and reduce operating costs.

The park is intended to accommodate a range of occupiers, including logistics operators, advanced manufacturing companies and research and development businesses. The wider Pécs region has an established manufacturing, engineering and technology sector, supported by a university population of more than 22,000 students.

Millionaire Migration Continues to Drive Demand for Branded Residences, Says PKF Hospitality

The growing international movement of high-net-worth individuals is reshaping luxury residential markets and increasing demand for branded residences, according to a new white paper published by the PKF hospitality group in collaboration with the Future of Hospitality Institute.

The report, Millions on the Move: The Increasing Global Mobility of Millionaires and the Consequent Impact on Branded Residences, examines how rising global wealth mobility is influencing residential investment and development trends.

According to the research, the number of millionaires relocating internationally has increased from around 51,000 in 2013 to an estimated 142,000 in 2025, with the figure expected to reach approximately 165,000 during 2026.

The report identifies several factors influencing relocation decisions, including safety, tax policy, quality of life, economic stability, residency programmes and business opportunities. As a result, countries including the United Arab Emirates, the United States, Singapore, Switzerland, Italy, Saudi Arabia, Portugal, Spain, Greece, Canada and Australia continue to attract wealthy individuals seeking both lifestyle and investment opportunities.

Akshara Walia, Director of Research at PKF hospitality group, said relocation decisions are increasingly influenced by governance, infrastructure, security and long-term economic prospects alongside tax considerations.

The report highlights branded residences as one of the real estate sectors benefiting most from these migration patterns. By combining residential ownership with hospitality services and internationally recognised brands, these developments appeal to buyers seeking professional management, security, concierge services, wellness amenities and operational convenience.

According to PKF hospitality, branded residences also continue to command price premiums over conventional luxury housing in many international markets due to their service offering and brand recognition.

Looking ahead, the report identifies several trends expected to shape the sector, including the emergence of new destinations for internationally mobile wealth such as Montenegro, Malta, Latvia, Costa Rica and Panama, alongside greater use of technology and artificial intelligence, stronger sustainability standards and increased demand for wellness-focused residential developments.

PKF hospitality expects these factors to continue supporting demand for branded residential projects as globally mobile investors place greater emphasis on flexibility, lifestyle and long-term asset quality.

Skanska Awarded GBP 282 Million Contract for City of London Office Development

Skanska has secured a GBP 282 million contract from AshbyCapital to construct the 55 Old Broad Street office development in the City of London.

The contract, valued at approximately SEK 3.5 billion, will be included in Skanska’s European order intake for the second quarter of 2026.

The project involves the construction of a 23-storey commercial office building close to Liverpool Street Station. Once completed, the development will provide around 25,000 sqm of office space together with approximately 1,400 sqm of retail, food and beverage units and publicly accessible areas.

Skanska’s scope of work includes the complete construction of the building as well as the installation of mechanical, electrical and public health engineering systems.

The contract also covers the refurbishment of the adjacent five-storey building at 65 Old Broad Street.

Construction is scheduled to begin in October 2026, with completion expected in late 2029.

C&F Leases 1,900 sqm at Warsaw’s Konstruktorska Business Center

Global technology and consulting company C&F has signed a long-term lease for nearly 1,900 sqm of office space at Konstruktorska Business Center in Warsaw, bringing the building close to full occupancy.

The company will relocate its Polish office to the property at the beginning of 2027. The lease transaction was coordinated by Aleksandra Borowiecka, Business Administration Manager at C&F, while Golden Star Estate, owner of the building, was represented by Leasing Manager Agnieszka Kawczyńska.

C&F provides technology and consulting services in areas including data management, analytics, artificial intelligence, digital transformation and business process automation. The company has operated for more than 20 years and employs over 400 people across the United States, the United Kingdom, Germany and Poland.

According to Agnieszka Kawczyńska, the transaction reflects continued demand from occupiers for well-located, high-quality office buildings despite a more selective leasing environment.

Aleksandra Borowiecka said the company selected Konstruktorska Business Center because it offers the workplace environment and management standards needed to support both collaborative and individual work.

Located at Konstruktorska 13 in Warsaw’s Mokotów business district, Konstruktorska Business Center provides approximately 49,500 sqm of Class A office space. The seven-storey building features floorplates of around 7,000 sqm, allowing tenants flexibility in office layouts, together with four separate entrances, two landscaped internal courtyards covering 3,200 sqm, more than 1,000 underground parking spaces, bicycle facilities and changing rooms. The property has received a BREEAM “Very Good” environmental certification.

The building is located approximately 15 minutes from Warsaw city centre and around 10 minutes from Warsaw Chopin Airport, with access to bus and tram connections.

Other occupiers at Konstruktorska Business Center include Carrier, Lionbridge, MoneyGram, Otis, Procter & Gamble, PZU, Emerson Process Management, Kanał Sportowy, CONTRACT Meble Biurowe, 5 SENSES and ZDROFIT.

Alesonor Expands Amber Forest with New €2 Million Sports Performance Centre

Alesonor has partnered with Fan Basketball Academy to develop a new sports performance centre at Amber Forest Agora, strengthening the lifestyle and community offering within the Amber Forest residential development in northern Bucharest.

Construction is underway on a nearly 1,000 sqm indoor sports hall alongside an approximately 800 sqm outdoor football pitch and basketball court. The €2 million investment is scheduled for completion in autumn 2026.

The indoor facility will include a multifunctional basketball court, changing rooms and showers, supporting training sessions, competitions and recreational activities for children and young people. Fan Basketball Academy will operate the venue through its new Training and Performance Centre, expanding its youth development programme in the Bucharest–Ilfov region.

The academy plans to combine high-performance coaching with education and personal development, creating a pathway for young athletes aiming to compete at higher levels while also encouraging wider participation in sport.

The facilities will be used by the school within Amber Forest and will also be available to residents of the development and the wider community in northern Bucharest.

The project forms part of a broader strategy to position Amber Forest Agora as a mixed-use destination focused on education, health, sport and leisure. Existing amenities already include running and cycling routes, parks and recreational spaces, while a 12,000 sqm sports and leisure club is scheduled to open in 2027. The future complex will feature tennis and padel courts, indoor and outdoor swimming pools, fitness facilities and wellness areas.

Alex Skouras, Co-founder and Managing Partner of Alesonor, said the investment reflects the company’s vision of creating communities that extend beyond housing by integrating facilities that promote healthier and more active lifestyles.

Fan Basketball Academy Co-founder Andreea Jișcanu said the new centre will become the academy’s flagship training base, supporting both athletic performance and personal development. The academy currently works with more than 300 children from northern Bucharest each year.

Founded in 2013 by former professional basketball player Vlad Jișcanu and Andreea Jișcanu, Fan Basketball Academy has trained more than 3,000 children and young athletes, with a number progressing to professional careers and international scholarship opportunities.

Amber Forest Agora will become the central hub of the wider Amber Forest development, bringing together education, retail, healthcare, office space and community facilities, including an open-air cinema and more than 500 visitor parking spaces. The concept follows a 15-minute neighbourhood model, where key services are accessible on foot, and is expected to serve a catchment of around 600,000 residents across northern Bucharest.

Amber Forest is the first residential development in Europe to achieve LEED Platinum v4.1 certification for Communities: Plan and Design. The 31-hectare project dedicates more than 5.3 hectares to parks and green spaces while maintaining a built footprint of just 15%.

The development will comprise 690 homes, including a mix of apartments and villas. More than 300 homes have already been delivered, with 600 units sold to date.

Peakside Engages Bogi Gabrovic to Support Investment Growth in Poland

Peakside Capital Advisors has appointed Bogi Gabrovic to support its investment and acquisition activities in Poland as the company expands its presence in one of Central Europe’s largest real estate markets.

Working with the company’s management team, Gabrovic will advise on investment strategy and support the identification, evaluation and execution of acquisitions across selected real estate sectors. Her responsibilities will include portfolio transactions, platform investments and corporate acquisitions, complementing Peakside’s existing investment team.

The appointment forms part of Peakside’s strategy to grow its Polish business through both development and acquisitions. Drawing on approaches previously implemented in Germany and Slovenia, the company is seeking opportunities involving portfolios, operating platforms and corporate transactions across selected segments of the market.

Peakside said it is targeting opportunistic and value-add investments where asset repositioning, operational improvements and active management can create additional value. The company noted that it has capital available to pursue acquisitions as opportunities arise.

Steven Davis, Managing Director for Central and Eastern Europe at Peakside Capital Advisors, said Poland continues to offer opportunities for institutional investors, particularly in sectors undergoing consolidation, and highlighted Gabrovic’s experience in acquisitions, platform development and transaction execution.

Gabrovic has more than 25 years of experience in investment management, real estate development, acquisitions and corporate finance across Central and Eastern Europe. During her career she has held senior management and board positions with companies including CTP, Golub & Company and White Star Real Estate.

Most recently, she served as Board Member and Deputy Country Head of CTP Poland, where she contributed to the expansion of the company’s logistics platform. Across her career, she has advised on real estate transactions with a combined value exceeding €2 billion.

Commenting on the appointment, Gabrovic said she will support Peakside’s investment activities in Poland, with a particular focus on building scalable, sector-focused investment platforms and identifying long-term acquisition opportunities.

Hungary Revives Wind Energy Sector with New Grid Plans and Investment Opportunities

Hungary is signalling a renewed commitment to wind energy after years of limited development, introducing a series of regulatory and infrastructure initiatives designed to encourage new investment and accelerate renewable energy deployment.

The latest measures provide developers with greater visibility over future grid access while laying the foundation for a significant expansion of onshore wind capacity over the coming years.

One of the most important steps is a nationwide survey launched by the Hungarian Energy and Public Utility Regulatory Authority (HEPURA), aimed at identifying the pipeline of potential wind projects across the country. The information gathered will help authorities prepare future competitive tenders for allocating electricity grid capacity, a critical requirement for bringing new renewable energy projects online.

Developers have until 8 July 2026 to submit details of planned projects. Although participation does not guarantee future grid access, industry observers view the survey as an important opportunity for investors to position projects ahead of forthcoming allocation rounds.

The questionnaire covers a broad range of project information, including proposed locations, generation capacity, development status, environmental studies, land control, permitting progress and expected timelines for grid connection.

At the same time, Hungary’s transmission system operator, MAVIR, has published a list of substations that may be suitable for future wind power connections together with indicative available capacities. This provides developers with an initial indication of where future projects may be technically feasible.

Momentum has also been strengthened through the government’s revised Recovery and Resilience Plan, published in June, which outlines extensive investment in electricity network infrastructure and commits to launching a competitive tender for approximately 700 MW of new wind generation capacity before the end of August 2026.

Beyond grid expansion, the revised strategy also signals further legislative reform intended to simplify the development of wind farms by easing regulatory barriers that have historically limited the sector’s growth.

Additional support arrived with a government resolution approving approximately HUF 533 billion (€1.5 billion) in funding for programmes aimed at modernising Hungary’s electricity network. The investment is intended to improve grid flexibility and strengthen its ability to integrate increasing volumes of renewable energy generation.

Taken together, these initiatives represent one of the strongest policy signals for Hungary’s wind sector in more than a decade. Industry participants expect the upcoming capacity allocation process to be the first of several planned rounds, with additional opportunities anticipated from 2027 onwards as network upgrades continue.

For developers considering the Hungarian market, early preparation is expected to be increasingly important. Projects supported by detailed technical, environmental and land documentation are likely to be better positioned as competition for available grid capacity intensifies.

Source: CMS

Skanska Wins SEK 370 Million Residential Contract in Jönköping

Skanska has signed a contract with Lundbergs Fastigheter to design and construct a new residential development in Jönköping, Sweden, with a contract value of approximately SEK 370 million.

The project will be included in Skanska’s Swedish order intake for the second quarter of 2026.

The contract covers the completion of the design phase, which is already underway, and the construction of four apartment buildings with rental housing in the Södra Munksjön district of Jönköping.

The development will also include underground parking garages and commercial premises, with a total gross floor area of just over 21,700 sqm.

The buildings are being designed to meet the requirements of the Miljöbyggnad Silver environmental certification standard.

Construction is scheduled to begin during the second quarter of 2026, with completion expected before the end of 2028.

Experts Urge Homebuilders to Insure Properties During Construction

Homeowners beginning new residential construction are being encouraged to arrange insurance from the early stages of building, as partially completed properties remain particularly vulnerable to theft, vandalism and weather-related damage.

According to Lendi, building a 120 sqm detached house in Poland to a mid-market finish now costs around PLN 560,000, with larger or higher-specification homes requiring significantly higher investment. Damage or theft during construction can therefore result in substantial additional costs and delays.

Lendi notes that many individual investors postpone purchasing insurance until construction is complete, despite the fact that the early stages of development often present the highest level of risk.

Potential risks during construction include the theft of building materials, fire, flooding, storm damage and vandalism.

Industry data cited by the company indicates that construction site crime remains a significant issue. According to the latest BauWatch Crime Report, 74% of construction companies in Poland experienced theft on construction sites during the past year, while 58% reported incidents of vandalism. In 40% of cases, these events led to delays in project completion.

Daria Skrzyszowska of Lendi Care said insurance should be considered an integral part of planning a residential development rather than a product purchased only after completion.

For projects financed through mortgages, banks generally require insurance during construction, typically covering fire and other insured events with the policy assigned as security for the lender. However, broader insurance options are available, including cover for construction materials stored on site, building equipment, temporary site infrastructure, theft and third-party liability.

Lendi also advises homeowners to review and update their insurance once construction has been completed. As a property moves from the construction phase to occupation, the nature of potential risks changes, making it appropriate to extend cover to include fixtures, fittings, household contents, building services and personal liability.

According to the company, maintaining insurance throughout both the construction period and the life of the property can help reduce the financial impact of unforeseen events while protecting what is often one of a household’s largest investments.

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