News

February 2019
Retail park Becsi, Budapest – Hungary: Keeping the pace of confirmed market knowledge and in parrallel maintaining an excellent relationship with the Hungarian fund manager Adventum Investment, Bluehouse successfully closed the transaction and disposed one of the most attractive retail schemes on Buda side of Budapest.
January 2019
Bluehouse has won the award “Investor of the Year” on the 2nd annual CEE CRE Awards Gala, held in Budapest on January 17th, 2019, organized by Europa Property. CEE CRE Awards is the commercial real estate event that is truly international with over 200 attendees. Beeing among the most active local regional and international competition, we took this award with great pride.
January 2019
Novodvorska Plaza shopping centre, Prague - Czech Republic: Bluehouse completed the acquisition of Novodvorska Plaza shopping centre in Prague. The shopping centre with a retail area of circa 25,000 sqm was built in 2006 and serves a large population extending over Prague 4 and Prague 12 with over 150,000 residents within a 10 minute public transport radius. The center currently attracts ca. 5 million annual footfall and is leased to over 70+ tenants, the major tenants include Tesco hypermarket, H&M, Datart, Sportisimo, Lindex.
September 2018
Marynarska Point 2, Warsaw - Poland: Bluehouse acquired an office building of nearly 14,000 sqm located in Mokotow – one of the largest and most dynamic business districts in Central Europe. The property was constructed in 2008 and is in very good condition, offering suspended ceilings, programmable and regulated air-conditioning, structural cabling, security and 24h monitoring, as well as a power generator. Additionally, the asset underwent a refurbishment of the ground floor (including the reception and patio) which now features a modern, visible reception layout as well as a lounge area. This is complemented by an outside patio which serves as a leisure component for tenants and visitors. There are 10 above-ground levels and 265 underground parking spaces. Major tenants include DNB Bank, Regus and T-Mobile.
July 2018
Margit Palace, Budapest - Hungary: Margit Palace was sold to very experienced Hungarian investment fund manager, Adventum Investment who was able to underwrite the asset based on its past performance and to forecast its ability for growth in the further parts of the market cycle.  At the other side, the timely sale of Margit Palace confirmed the improved liquidity in the Hungarian market, which provides confidence to our investors for subsequent investments. Margit Palace was acquired in July 2016, with the vacancy rate of 44%. By the end of 2017, Bluehouse successfully refurbished the building and the surrounding landscape, and brought fresh look to this beautiful office complex with an old fashion charm. Special challenge was to upgrade property parts recorded at the protected heritage list. Parallel with upgrading building technical and aesthetics position, Bluehouse worked on raising building occupancy, which rated 96% at the exit date.
November 2017
Korso Karviná shopping centre, Karviná - Czech Republic: Bluehouse completed the acquisition of the shopping centre with a retail area of circa 14,000 sqm. The centre is the main retail destination in city with population of circa 54,000 inhabitants. Major tenants include Albert hypermarket, C&A, New Yorker.
September 2017
Panattoni Park, Warsaw - Poland: Bluehouse initiated the development of a modern class A multi-tenant logistics centre offering 53,000 sqm of warehouse space and 3,000 sqm of office space to be built in Radzymin near Warsaw, one of the most sought-after destinations for logistics / industrial occupiers. The business plan is to develop the Warsaw North centre in two phases with the last phase to be completed in 2019.
 
The development will take place in cooperation with Panattoni Europe, one of the leading industrial developers in CEE.
 
Radzymin is approximately 28 km from Warsaw, being the capital and the largest city in Poland, an important and established industrial hub strategically located in the centre of the country.
 
The area offers good quality infrastructure and business-related services being consistently ranked the most business-friendly city in Poland. 
The Warsaw region is the biggest logistics market in Poland (35%). It is served by the A2 motorway (E-W) which is the main gateway for national and international inbound and outbound traffic. The A2 motorway connects with the Warsaw ring road, which grants access to the major airports and the city centre, as well as the S8 express road, which connects Western and Eastern Europe with the Baltic Countries, Belarus and Russia.
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