PL

TJX Cos gets Familia

Investment & finance
RUSSIA US discount retailer TJX Cos has announced a USD 225 mln investment, representing a 25 pct stake, in Russian retailer Familia.

“We are pleased to welcome TJX as a new shareholder. This investment is recognition of Familia’s leading market position and the strength of our off-price business model. TJX has always been the standard we have aspired to at Familia, including their focus on value and operating efficiency. We look forward to moving ahead with TJX as we implement our ambitious growth strategy and take Familia to the next level,” says CEO Konstantin Nadezhdin of Familia.

Latest news

Warehouse & industrial

ROMANIA EBRD loans EUR 150 mln to WDP

schedule 16 July 2020
Opr./edited by NN

The European Bank for Reconstruction and Development (EBRD) has agreed a financing package worth EUR 150 mln with Romanian warehouse developer WDP.

Events

POLAND A send off from the Ambassador

schedule 15 July 2020
Eurobuild Conferences

This year, our ‘Suits on Bikes’ cycle ride will start in Warsaw’s Służewiec business district. The starting point will be the Ambassador Office Building owned by Hines, which is located at ul. Domaniewska 34a.

Warehouse & industrial

ROMANIA Interbrands sticks to the A1

schedule 16 July 2020
Opr./edited by NN

Interbrands Marketing & Distribution has leased 24,830 sqm of logistics and office space in the P3 Bucharest A1 park.

Warehouse & industrial

CZECH REPUBLIC XLMX leases 16,000 sqm in CTPark Prague East

schedule 16 July 2020
Opr./edited by NN

XLMX and XLCZ Nábytek, the owners of the Kika, Möbelix and XXXLutz furniture store chains, have leased 16,000 sqm of warehouse space in CTPark Prague East in Nupaky for a regional warehouse for XXXLutz.

Office & mixed-use development

POLAND Cuprum Square project in Wrocław up for sale

schedule 16 July 2020
Nathan North
deputy editor

KGHM VII FIZAN has put up for sale the Cuprum Square office project together with its plot on pl. Jana Pawła II in central Wrocław.

Warehouse & industrial

POLAND Two lease 45,000 sqm in Panattoni Park Ruda Śląska II

schedule 16 July 2020
Opr./edited by NN

Two companies have leased a total of 45,000 sqm at Panattoni Park Ruda Śląska II, which is now under development.

Investment & finance

EUROPE European real estate investment down by 39 pct

schedule 16 July 2020
Opr./edited by NN

European real estate investment volumes came in at EUR 43 bln in Q2 2020 – a decrease of 39 pct on the same period last year, according to CBRE.

Hotels

HUNGARY Danubius ready to open more Budapest hotels

schedule 16 July 2020
Opr./edited by NN

The Danubius Hotel Erzsébet in Budapest city centre is to re-open after the pandemic lockdown on July 17th, followed by the Danubius Hotel Gellért on August 7th.

Office & mixed-use development

POLAND Warsaw Unit topped off

schedule 15 July 2020
Opr./edited by NN

The topping out ceremony has taken place for the Warsaw Unit following the completion of the construction work on its concrete structure. The building is now precisely 196.4m in height.

Office & mixed-use development

POLAND Sennder remotely leases 1,200 sqm in Wrocław

schedule 15 July 2020
Opr./edited by NN

Freight forwarding company Sennder has leased more than 1,200 sqm of office space in the first stage of Centrum Południe in central Wrocław.

Investment & finance

EUROPE Q1 real estate returns worst since 2012

schedule 15 July 2020
Opr./edited by NN

The INREV Quarterly Index for the first quarter of 2020 has revealed the initial signs of the negative effects of the Covid-19 pandemic on the European real estate sector, with the lowest quarterly performance since Q4 2012.

Retail & leisure

ROMANIA Colosseum Mall opening moved to 2021

schedule 15 July 2020
Opr./edited by NN

The opening of Colosseum Mall in Bucharest’s 1st district has been rescheduled to 2021 due to the pandemic, having been initially planned for the end of this year.

Residential

POLAND Resi4Rent taking off in Wrocław

schedule 15 July 2020
Opr./edited by NN

Less than a year after the first buildings of the Resi4Rent Wrocław Rychtalska project came into use they are now 95 pct leased, while half of the company’s newly opened complex on ul. Mieszczańska is also rented out.

Residential

POLAND Aurec opens sales for Włochy estate

schedule 15 July 2020
Opr./edited by NN

Aurec Home has launched the sales process for the 163 apartments in the first stage of its Miasteczko Jutrzenki estate in Warsaw’s Włochy district.

Green projects

ROMANIA Platinum for UBC 3

schedule 15 July 2020
Nathan North
deputy editor

United Business Center 3 in Timișoara has become the only LEED ‘Platinum’ certified office building in Romania outside Bucharest and only the third in the country.

Office & mixed-use development

Savills to lease Eximius Park

schedule 14 July 2020
Opr./edited by NN

Savills has been appointed as the exclusive office leasing agent for the Eximius Park business complex on Kraków’s north-western outskirts.

Green projects

Panattoni catches Amazon BREEAM

schedule 14 July 2020
Opr./edited by NN

Panattoni has secured a BREEAM 2016 International New Construction certificate with a ‘Very Good’ rating for its BTS project for Amazon in Gliwice.

Office & mixed-use development

HUNGARY Five Budapest office buildings completed in Q2

schedule 14 July 2020
Opr./edited by NN

Budapest’s total modern office stock now amounts to almost 3.82 mln sqm, according to the latest figures from the Budapest Research Forum.

Public buildings

ESTONIA Merko wins EUR 34 mln hospital contract

schedule 14 July 2020
Opr./edited by NN

AS Merko Ehitus Eesti has been awarded an app, EUR 33.8 mln design and construction contract by the North Estonia Medical Centre Foundation for the third phase of its medical centre in Tallinn’s Mustamäe district.

Public buildings

POLAND Skanska to build Poznań children’s ward

schedule 14 July 2020
Nathan North
deputy editor

Skanska has been awarded a PLN 26 mln gross contract by the K. Marcinkowski Medical University in Poznań for the construction of a new wing of the Karol Jonscher Clinic. The paediatric ward should be ready in 2022.

Latest in Investment & finance

schedule 16 July 2020

European real estate investment down by 39 pct

European real estate investment volumes came in at EUR 43 bln in Q2 2020 – a decrease of 39 pct on the same period last year, according to CBRE.

schedule 15 July 2020

Q1 real estate returns worst since 2012

The INREV Quarterly Index for the first quarter of 2020 has revealed the initial signs of the negative effects of the Covid-19 pandemic on the European real estate sector, with the lowest quarterly performance since Q4 2012.

schedule 10 July 2020

Chariot sells Katowice plot

Chariot Top Group, a company managed by Griffin Real Estate, has sold a 1.8 ha investment plot on al. Górnośląska in Katowice to an undisclosed buyer,

schedule 10 July 2020

Goodman says goodbye to CEE portfolio

Goodman European Partnership (GEP) has completed the sale of 26 logistics properties in Poland, Slovakia, Czech Republic and Hungary to GLP for around EUR 1 bln.

schedule 09 July 2020

NEPI Rockcastle and AFI agree new MOU

NEPI Rockcastle and AFI Europe have entered into a new memorandum of understanding as a result of arbitration proceedings following AFI’s suspension of its takeover of NEPI Rockcastles’s Romanian office portfolio.

schedule 08 July 2020

Industrial yields fall below retail for first time

Average prime industrial and prime shopping centre yields across mainland Europe have converged for the first time in recorded history, as demand for logistics soars due to the e-commerce boom, according to research by Savills.

schedule 07 July 2020

NEPI Rockcastle portfolio sale hits the rocks

AFI Europe’s EUR 300 mln deal to buy NEPI Rockcastle’s Romanian office portfolio has fallen through with the seller insisting that Covid-19 restrictions have prevented the purchase – a claim denied by NEPI Rockcastle, which is now demanding EUR 15 mln compensation from the Israeli-owned company.

schedule 06 July 2020

East Capital fund buys SEB HQ for EUR 45.75 mln

East Capital Real Estate IV has acquired SEB's head office in central Tallinn from Partners Group and Northern Horizon for EUR 45.75 mln.

schedule 01 July 2020

Strong H1 volumes despite the virus

An investment volume of EUR 2.9 bln was transacted on Polish real estate in the second best H1 on record, according to JLL.

schedule 01 July 2020

Arrow takes aim at Poland

Arrow Capital Partners has acquired Airport House in Warsaw for its USD 3 bln European Strategic Industrial Real Estate (SIRE) platform for an undisclosed sum.

schedule 30 June 2020

Investor confidence set to recover – Cresa

Despite the impact of the pandemic, Poland should continue to be an attractive commercial real estate investment destination, according to Cresa.

schedule 29 June 2020

Tomasz Trzósło approved as EPP CEO

A general meeting of shareholders has approved the appointment of Tomasz Trzósło to the position of CEO of EPP.

schedule 29 June 2020

City West C1 and C2 sold for CZK 2 bln

Czech real estate group Českomoravská Nemovitostní (ČMN) has completed the CZK 2 bln (app. EUR 74.5 mln) acquisition of two office buildings: City West C1 and C2 in Prague’s western Stodůlky district.

schedule 22 June 2020

Corum buys DSV ISS centre

French investor Corum Asset Management has completed the acquisition of the new DSV International Shared Service Centre in Warsaw’s Mokotów business district from DSV in a sale-and-lease-back deal.

schedule 19 June 2020

Tesco to sell Polish business to Netto

British retailer Tesco has announced the sale of its Polish hypermarket chain to Salling Group, the Danish owner (among others) of the Netto chain.

schedule 19 June 2020

GalCap picks up Rumbach Center

Vienna-based asset and investment manager GalCap Europe has acquired the Rumbach Center in Budapest’s central VII district for a German pension fund for an undisclosed sum.

schedule 18 June 2020

Reino teams up with Brits to buy Logistic City

Reino Capital has announced that it has concluded the purchase of the Logistic City complex in Piotrków Trybunalski in central Poland for an undisclosed sum.

schedule 17 June 2020

Albert sells Čestlice centre to HSTN

Albert ČR has sold its shopping centre in Čestlice, on Prague’s southeastern outskirts, to HSTN Holding for an undisclosed sum.

schedule 15 June 2020

RICS now mediates online

RICS has launched an online mediation service as a response to the growing number of real estate market disputes, including rental payment disputes  resulting from the covid 19 crisis.

schedule 09 June 2020

Market goes from sunny to gloomy – Deloitte

The percentage of investors in Europe planning to focus on new markets plummeted from 20 pct in January to zero at the end of April, according to Deloitte’s latest market confidence survey.

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