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EUROPE Construction mood starts to recover – GlobalData

Construction
The European construction industry expected to recover in second half of 2020, according to data and analytics specialists GlobalData.

Construction industry data from Eurostat points to an improvement in confidence as economies reopen across the EU.

Covid-19 lockdown measures coupled with the virus outbreak led to a severe disruption in construction output across the EU between March and May, causing consumer confidence to fall. However, now that those measures are being eased, Eurostat’s construction confidence index, which is based on results from surveys on the current economic situation and the expectations about future developments in the sector, increased in June to -14.6 points following a record low in May of -19.6. These results are in line with GlobalData’s anticipation of a recovery in the second half of the year, an outcome that depends on a broad range of factors, most notably the avoidance of a second wave of infections across the continent. Even under this positive scenario, GlobalData expects construction output in Western Europe to plummet by 8.1 pct in 2020 and in Eastern Europe a fall of 3.3 pct is predicted. The construction industry has been among the worst hit industries amid the Covid-19 crisis, but there are hopes for a strong rebound in the second half of the year, particularly if governments across the region can accelerate investment in the infrastructure sector
Moustafa Ali, an economist at GlobalData

Latest news

Hotels

EUROPE Convivio finalises five-star portfolio buy

schedule 21 September 2020
Nathan North
deputy editor

Convivio Hotels has completed the EUR 573 mln acquisition of eight of the five-star hotels in the pan-European Dedica Anthology portfolio from Värde Partners.

Property and Facility Management

POLAND CPI managing Concept by itself

schedule 21 September 2020
Opr./edited by NN

CPI Property Group has taken over the management of Concept Tower in central Warsaw, following its recent acquisition of the property.

Warehouse & industrial

POLAND More packed in at Hillwood Marki

schedule 21 September 2020
Opr./edited by NN

Hurtownia Opakowań has increased the warehouse space it leases in Hillwood Marki to 4,500 sqm.

Investment & finance

CZECH REPUBLIC Portivo picks up Brno Mall

schedule 21 September 2020
Nathan North
deputy editor

Czech investment group Portiva and Micronix have bought the Central Kladno shopping centre in Brno from Crestyl for CZK 2 bln (app. EUR 74.8 mln).

Investment & finance

CZECH/ SLOVAKIA/ UK Vesa starts buying at Sainsbury’s

schedule 21 September 2020
Nathan North
deputy editor

Prague-based Vesa Equity Investment has announced the acquisition of a 3.05 pct share in British supermarket chain Sainsbury’s, becoming its fourth largest shareholder.

Investment & finance

POLAND Madison buys Chmielna 89 stake

schedule 18 September 2020
Nathan North
deputy editor

A fund managed by US investor Madison International Realty has bought a 65 pct stake in the newly completed Chmielna 89 office project in central Warsaw from Cavatina Holding.

Office & mixed-use development

POLAND West 4 Business Hub up and running

schedule 18 September 2020
Nathan North
deputy editor

Echo Investment has put into use the first stage of the West 4 Business Hub office complex in Wrocław.

Warehouse & industrial

POLAND Panattoni launches work on third Bydgoszcz park

schedule 17 September 2020
Opr./edited by NN

Construction work has begun on Panattoni Park Bydgoszcz III, the first tenant of which is to be electronic equipment servicing company Reconext.

Events

Poland Monika Żywiecka triumphs in the women’s singles!

schedule 17 September 2020
Eurobuild Conferences

The 15th Annual Eurobuild CEE Tennis Tournament endedin the best possible fashionfor Monika Żywiecka of Oakbridge Capital Advisors, with her victory in the women’s singles final.

Warehouse & industrial

POLAND Phoenix charges into Rzeszów

schedule 17 September 2020
Nathan North
deputy editor

The topping out ceremony has taken place for a 15,000 sqm BTS facility being developed by Panattoni for Phoenix Contact E-Mobility in Rzeszów.

Green projects

ROMANIA Funshop Parks to be green parks

schedule 17 September 2020
Opr./edited by NN

Polish company Scallier, which is developing the Funshop Park chain of retail parks in Romania, has opted to obtain BREEAM certification for all its new parks.

Investment & finance

CENTRAL EUROPE Trei takes out EUR 54 mln loan from Helaba

schedule 17 September 2020
Opr./edited by NN

Düsseldorf-based retail park developer Trei Real Estate has been granted an unsecured EUR 42 mln loan from German bank Helaba.

Events

POLAND Krzysztof Stempień retains his crown and adds another

schedule 16 September 2020
Eurobuild Conferences

Last year when he played for the first time at the Eurobuild tennis tournament he caused something of a sensation when he beat all his rivals. Even then, Krzysztof Stempień of Cresa fearlessly faced a strong field, many of whom were regular faces at the tournament, to turn the ranking table on its head.

Warehouse & industrial

POLAND Accolade flies into Szczecin Airport

schedule 16 September 2020
Opr./edited by NN

Accolade has revealed that it is investing EUR 21.3 mln in Panattoni Park Szczecin Airport in Goleniów on the outskirts of the city

Office & mixed-use development

POLAND Arty experience in the Factory

schedule 16 September 2020
Opr./edited by NN

The Art Box Experience, the first fully interactive and digital art gallery in Poland, is to open in Norblin Factory in Warsaw.

Warehouse & industrial

POLAND DHL and DL join forces in Silesia

schedule 16 September 2020
Opr./edited by NN

DL Invest Group and DHL Supply Chain Polska are to jointly develop the DL Invest Park Psary logistics centre in Psary in Silesia.

Events

POLAND Monopolis and Granaria triumph at MIPIM Awards

schedule 16 September 2020
Nathan North
deputy editor

Two Polish developments are among the twelve winners at the MIPIM Awards 2020, which were presented in Paris on September 15th.

Office & mixed-use development

POLAND Full growth of first part of the Forest

schedule 15 September 2020
Opr./edited by NN

HB Reavis has topped off the lower building of its Forest development in Warsaw.

Office & mixed-use development

ROMANIA Siemens and NTT lease half of AFI Park Brașov I

schedule 15 September 2020
Opr./edited by NN

AFI Europe Romania has announced that it has leased 55 pct of AFI Park Brașov to Siemens and NTT Data Services.

Warehouse & industrial

ROMANIA JV leases 75,000 sqm in CTP Bucharest West

schedule 15 September 2020
Nathan North
deputy editor

A joint venture between Maersk and IB Cargo has leased 75,000 sqm in CTPark Bucharest West, which is to be used as a distribution centre for Ikea Supply AG.

Latest in Construction

schedule 10 September 2020

Work begins on Dęblin Patriot missile plant

The Polish Military Aviation Works (WZL1) in partnership with Lockheed Martin has begun construction work on a 3,000 sqm production plant in Dęblin in Poland’s Lublin province.

schedule 31 August 2020

Hochtief to modernise Wrocław nursing home

Hochtief Polska has been awarded a contract by Orpea to renovate and extend the Rezydencja Święta Jadwiga nursing home in Wroclaw.

schedule 21 July 2020

EU construction up by 21.2 pct in May

EU construction output rebounded in May, up by 21.2 pct on the previous month, following a record fall in April, when output plummeted by 14.9 pct, according to data and analytics specialists GlobalData.

schedule 14 July 2020

Only four mega-projects out of 25 underway - Spectis

Four mega-projects are currently under construction in Poland with a combined value of PLN 17 bln (EUR 3.8 bln), according to research by construction market analysts Spectis.

schedule 08 July 2020

Construction mood starts to recover – GlobalData

The European construction industry expected to recover in second half of 2020, according to data and analytics specialists GlobalData.

schedule 24 June 2020

Polish construction still on its way up

The total value of the 960 largest construction projects currently underway or planned in Poland is estimated at over EUR 120 bln, according to the ‘Construction Market in Poland 2020–2025’ report just published by construction market analysts Spectis.

schedule 06 May 2020

Generation Park Y reaches highest point

POLAND Construction work has been completed on the structure of Generation Park Y in Warsaw, which forms part of Skanska’s Generation Park complex in the city’s Wola-Centrum district.

schedule 06 April 2020

Constructors gloomiest for the last three years

POLAND Construction sector confidence levels fell for the twelfth consecutive month in March, according to the latest report by Spectis.

schedule 24 March 2020

Budimex bids PLN 2 bln for Warszawa Zachodnia

POLAND Budimex has scored the most points for its bid to reconstruct Warszawa Zachodnia station.

schedule 23 March 2020

Moscow to build hospital in couple of weeks

RUSSIA Construction work on a hospital for infectious diseases has started in New Moscow.

schedule 23 March 2020

Mirbud to build near Ełk Karuzela

POLAND Mirbud has received a letter of intent from Immo SI Polska (owned by Schiever International) to construct a Bi1 hypermarket and a petrol station for the the Karuzela project on ul. Przemysłowa in Ełk (around 100 km north of Białystok).

schedule 19 March 2020

Nova Stoczniova topped off

POLAND The Nova Stoczniova estate in Wrocław’s Zakrzów district has reached its top construction height.

schedule 17 March 2020

Mirbud to build Radom Terminal

POLAND Mirbud has signed a PLN 280.5 mln contract with Poland’s airport authority Przedsiębiorstwo Państwowe Porty Lotnicze (PPL) to design and build a 30,000 sqm terminal at Radom Airport.

schedule 05 March 2020

Budimex sees results improve

POLAND Budimex has recorded sales of PLN 7.57 bln for 2019.

schedule 02 March 2020

Dekpol to build for Panattoni

POLAND Dekpol will build a warehouse and distribution centre for Panattoni Development Europe in the village of Jawczyce on the western outskirts of Warsaw.

schedule 26 February 2020

Nursery school from building blocks

POLAND The first nursery assembled from modular units has been erected on ul. Jugosłowiańska in Łódź.

schedule 25 February 2020

Hotel and student hall in bakery

POLAND Erbud is to convert the Mamut bakery building in Wrocław into the Basecamp student residence with the Vienna House Easy Wroclaw hotel also to be constructed next to the building.

schedule 19 February 2020

Bridgestone accelerates

POLAND The foundation stone has been laid for an extension of the Bridgestone tyre factory in Poznań in an investment of EUR 160 mln.

schedule 03 February 2020

Napollo chooses Ochota estate contractor

POLAND Napollo has selected F.B.I. Tasbud to be the general contractor for the Apartamenty Niemcewicza 19 project in Warsaw's Ochota district.

schedule 31 January 2020

Dekpol to build Karuzela Kołobrzeg

POLAND On January 21st, Dekpol was appointed to construct the Karuzela shopping centre, having previously signed a letter of intent.

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