PL

Mega malls in the Moscow pipeline

Retail & leisure
RUSSIA The 510,000 gba Avia Park and the 277,000 sqm gba Columbus centres top the ranking of the largest malls in the pipeline on the Moscow market, according to retail consultancy Magazin Magazinov.

The largest centre, Avia Park, which is being developed by Amma Development with the opening scheduled for Q4 2014, is a four-storey building offering 231,000 sqm gla. The main tenants of the project, the construction of which started in November 2012, include Auchan, Hoff, Obi, Media Markt and Debenhams. It also has an entertainment centre with a 19-screen multiplex. Columbus, being developed by MIRS, comes second in the ranking with 140,000 sqm gla. Its opening is scheduled for Q4 2015. Vegas Kuntsevo comes third with 113,400 sqm gla (231,250 sqm gba) and is to be completed by Crocus Group in Q4 2015. The three centres are folowed by Vegas in Crocus City (283,450 sqm gba and 111,400 gla) with Crocus Group as the developer and the opening scheduled for Q1 2014, as well as Mozaica (134,000 gba with 67,000 sqm gla), which is to be opened in Q2 2014 by OST Group. Other large centres to be opened in the next two years in Moscow include Kuntsevo Plaza (Enka), Butovo Mall (MD Group), Vesna (Central Properties/ Alto Assets), Gudzon (Immofinanz Group) and Rio na Vernadskogo (Tashir). Magazin Magazinov points out that that five largest projects to be opened next year on the Moscow market will provide 60 pct of the whole yearly expected retail space supply for the Russian capital.

Latest news

Residential

POLAND Echo Investment plans urban redesign for Służewiec

schedule 24 November 2020
Nathan North
deputy editor

Echo Investment, in cooperation with BBGK Architekci, has unveiled its concept for a new residential quarter in Warsaw’s Służewiec district.

Warehouse & industrial

POLAND Pure Ice from MLP Pruszków II

schedule 24 November 2020
Nathan North
deputy editor

Pure Ice, Poland’s largest ice cube manufacturer, has leased 3,500 sqm of warehouse and office space in MLP Pruszków II.

Retail & leisure

POLAND HopStop sold to LCP Properties

schedule 24 November 2020
Nathan North
deputy editor

The HopStop convenience retail park in Siedlce has been sold by Polish developer Katharsis Development to UK investor LCP Properties for an undisclosed sum.

Warehouse & industrial

EUROPE Palmira launches third pan-European logistics fund

schedule 24 November 2020
Opr./edited by NN

Frankfurt-based Palmira Capital Partners has launched its third European core logistics property fund – the Palmira European Core Logistics Fund.

Hotels

HUNGARY Crowne Plaza comes to Budapest

schedule 23 November 2020
Nathan North
deputy editor

InterContinental Hotels Group has signed a management agreement with Gránit Pólus Group for the Hilton Budapest City hotel in the city centre to be re-branded as the Crowne Plaza Budapest in 2021.

Investment & finance

HUNGARY Resolution debuts on the Danube

schedule 23 November 2020
Nathan North
deputy editor

London-based Resolution Property has bought two office buildings in Budapest from Hungarian fund manager Adventum: Margit Palace and Buda Square. for an undisclosed sum.

Eurobuild Awards

POLAND Maciej Dyjas – nominee for the Real Estate Personality of the Year

schedule 14 November 2020
Eurobuild Conferences

Each year Eurobuild has the privilege to pick out a select few who have stood out from other players on the real estate market and nominate them for the Personality of the Year in Commercial Real Estate Award. So who are this year’s candidates, what’s their recipe for success and what has paved their way on the road to the summit?

Residential

POLAND Capital Park buys Polish Hook sites

schedule 23 November 2020
Nathan North
deputy editor

Capital Park has concluded a preliminary agreement for the purchase of two plots in Gdańsk with a total area of 1.3 ha on the Polski Hak [Polish Hook] headland in Gdańsk’s port area.

Investment & finance

Poland Fuzja gains financing

schedule 20 November 2020
Opr./edited by AH

Echo Investment has been granted a loan by Bank Pekao to construct three office buildings in the mixed-use Fuzja project on ul. Tymienickiego in Łódź.

Warehouse & industrial

Romania VGP builds big in Brașov

schedule 20 November 2020
Opr./edited by AH

VGP has started construction work on a business park in Brașov. The first industrial building will have an area of 9,400 sqm and is to be delivered around the middle of next year.

Office & mixed-use development

Croatia Generali enters the Matrix

schedule 20 November 2020

GTC Group has signed a lease agreement with insurer Generali for over 2,500 sqm of modern office space in the Matrix B building in Zagreb.

Office & mixed-use development

Poland Ghelamco starts Craft work

schedule 20 November 2020
Opr./edited by AH

Ghelamco has begun the construction of the Craft office building at the junction of ul. Chorzowska and ul. Ściegiennego in Katowice near the Silesia City Center shopping centre.

Investment & finance

ROMANIA Jupiter set for Supernova

schedule 20 November 2020
Nathan North
deputy editor

Austrian retail real estate investor Supernova has bought the Jupiter City shopping centre in Pitești from local company Mall Retail Rom, which is owned by Israeli concern Jupiter Group.

Green projects

CZECH REPUBLIC Outstanding news for Flow Building

schedule 20 November 2020
Nathan North
deputy editor

The Flow Building on Wenceslas Square in Prague has become the first building in the Czech Republic to be awarded a BREEAM ‘Outstanding’ certificate – the highest possible rating.

Warehouse & industrial

POLAND Green cross-dock for DB Schenker in Rzeszów

schedule 20 November 2020
Opr./edited by NN

Panattoni is developing a 6,000 sqm cross-docking terminal for DB Schenker in Rzeszów.

Construction

Slovakia Strabag renovates more track

schedule 19 November 2020
Opr./edited by AH

A consortium of Eurovia, Subterra, Strabag. and AŽD Praha has been awarded a EUR 323 mln contract to build the Žilina-Teplička railway station and to modernise one of the most important Slovak railway junctions.

Office & mixed-use development

Poland UL comes to Bolero Office Point

schedule 19 November 2020
Opr./edited by AH

UL International Polska has opened a research and certification centre in Bolero Office Point 2.

Property and Facility Management

Czech Republic Arcadis gets Well

schedule 19 November 2020
Opr./edited by AH

Arcadis Czech Republic has announced it has been awarded a WELL Health-Safety Rating for the Facility Operations and Management for its Czech Republic portfolio.

Residential

POLAND Riverview the first Polish estate with LEED

schedule 19 November 2020
Opr./edited by NN

Riverview in Gdańsk has become the first residential estate in Poland to receive a LEED certificate.

Warehouse & industrial

CZECH REPUBLIC Hellmann bigs it up in Bor

schedule 18 November 2020
Opr./edited by NN

Hellmann Worldwide Logistics has leased an additional 12,000 sqm in CTPark Bor in Western Bohemia.

Latest in Retail & leisure

schedule 24 November 2020

HopStop sold to LCP Properties

The HopStop convenience retail park in Siedlce has been sold by Polish developer Katharsis Development to UK investor LCP Properties for an undisclosed sum.

schedule 13 November 2020

Third stage of Fashion House Outlet Centre Militari opens

The third phase of Fashion House Outlet Centre Militari on Bucharest’s western outskirts has opened.

schedule 02 November 2020

Region’s largest mall opens its doors in Belgrade

Galerijа Belgrade, which according to the investor behind the project, Eagle Hills, is the largest shopping and entertainment centre in the region, opened its doors for the first time on Saturday.

schedule 16 October 2020

Poles embracing convenience

The volume of internet sales in Poland has now almost returned to pre-pandemic levels, while at the same time Polish consumers have become more willing to shop in convenience centres in smaller retail formats, according to JLL.

schedule 16 October 2020

Convenience centres continue to grow

The retail park segment in Poland has continued to grow despite the Covid-19 pandemic, according to the latest findings published jointly by JLL and Trei.

schedule 08 October 2020

Zara comes to Etele

Inditex has signed leases for all its brands to open stores in Etele Plaza in Budapest.

schedule 05 October 2020

Trei up to 19 Vendo parks with opening in Częstochowa

Trei Real Estate is soon to open its 19th retail park under the Vendo Park brand in Poland.

schedule 30 September 2020

Globalworth granted permit to renovate Renoma

Globalworth has been granted a permit to renovate and rebuild the Renoma Department Store in Wrocław.

schedule 30 September 2020

Exercise all day from October in Origo shopping centre

Self-service fitness club chain Gym! – a subsidiary of the MyFitness group – is to open its first gym outside Estonia in October.

schedule 25 September 2020

Stars to stay in Plejada

Thirty-four tenants have renewed their leases in Plejada Sosnowiec in Silesia, amounting to 9,000 sqm of the shopping centre’s total area.

schedule 22 September 2020

Lidl into Homepark Targówek

Lidl is to open a 2,017 sqm store in the Homepark Targówek retail park in Warsaw's Targówek district.

schedule 22 September 2020

Galeria Andrychów 85 pct leased

Galeria Andrychów in southern Poland – the second joint ‘power centre’ project by Acteeum and Equilis – is already 85 pct leased prior to its scheduled opening in H2 2021.

schedule 11 September 2020

Retail parks on the march

Retail parks have been the biggest beneficiaries of the structural changes to the Polish retail market over the last decade and will continue to take a larger share of the market during and beyond the pandemic, according to research by consultancy JLL and retail park developer Trei Real Estate Poland.

schedule 07 September 2020

Two new faces for Morski Park Handlowy

Carpet and flooring retailer Arte and bedroom furnishings store Pan Materac have leased a combined area of more than 1,200 sqm in Morski Park Handlowy in Gdańsk.

schedule 04 September 2020

Morski Park Handlowy goes more electronic

Electronic and household goods retailer RTV Euro AGD is the latest brand to appear in the expanding Morski Park Handlowy retail park in Gdańsk.

schedule 31 August 2020

Auchan goes to the petrol pump

Filling station operator OMV Petrom and Auchan Retail have announced an agreement to extend their partnership to open MyAuchan proximity stores in Petrom's stations.

schedule 27 August 2020

RC Europe builds Nest in Oradea

Czech developer RC Europe has opened a Nest retail park in Oradea in northwest Romania.

schedule 26 August 2020

Two tenants in Galeria Dębiec

Two leases have been signed for space in the Galeria Dębiec shopping centre in Poznań. Organic Fitness has already opened up a 1,000 sqm fitness club and a 50 sqm SuperVista optician's will open under the brand name Brillen.pl.

schedule 26 August 2020

Scallier to develop Romanian retail park chain

Polish company Scallier has announced plans to develop a chain of six retail parks in Romania.

schedule 21 August 2020

Happy 18th for Trei

Trei Real Estate has opened its 18th Vendo Park in Poland. The retail park is situated in Solec Kujawski in the Kuyavian-Pomeranian province in the north of the country.

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