YIT and Autodesk pull out of Russia

For Ukraine
Finnish construction group YIT has announced that it is pulling out of Russia, while Autodesk, a producer of software for the construction and engineering industries, is also withdrawing from the country.
The Russian military attack has led to great human distress and suffering in Ukraine and our sympathy is with the Ukrainian people. We are deeply shocked by these recent events. The situation in Ukraine has sped up the review of our Russian operations, which we initiated last November.Markku Moilanen, the president and CEO of YIT YIT’s Russian residential division generated EUR 204 mln in revenue in 2021, representing 7 pct of the group’s total income for the year. The company had been
Already have an account? Log in
59% of content remaining
Unlock full access to the article
PLN
EUR
Lifetime access to current material
One-time payment, lifetime access.
Choose
Access includes
  • Lifetime access to current material
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
  • Exclusive news, comments, articles and interviews with the most important market representatives and experts
  • Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
  • Eurojobs
  • Eurobuild FM

Latest news

Hotels

ROMANIA Pbb refinances Radisson Blu Bucharest

schedule 01 July 2026
Opr./edited by NN

Deutsche Pfandbriefbank (Pbb) has provided EUR 123 mln in investment financing to funds managed by Cerberus Capital Management and Revetas Capital for the refinancing of the Radisson Blu hotel complex in central Bucharest. The bank acted as the financing arranger and sole lender.

Warehouse & industrial

POLAND InPost opens service centre in CTPark Opole

schedule 01 July 2026
Opr./edited by NN

Polish parcel locker operator InPost Group has launched its OPO II Logistics and Service Centre at CTPark Opole in southwest Poland, which is to support the operations of its European network.

Retail & leisure

POLAND M Park opens in Nasielsk

schedule 01 July 2026
Opr./edited by NN

LCP Poland, part of M Core, has opened M Park Nasielsk about 50 km north of Warsaw, in what is the company’s fourth M Park opening since the beginning of 2026.

Investment & finance

ROMANIA Pavăl pockets Carrefour Romania for €823m

schedule 01 July 2026
Opr./edited by NN

Pavăl Holding has completed the EUR 823 mln acquisition of Carrefour Romania, involving the purchase of the latter's operations, real estate assets and commercial funds in the country.

Retail & leisure

Czech Republic Czech Republic attracts retail brands

schedule 01 July 2026
Opr./edited by AH

So far this year, 16 brands have debuted in the Czech Republic, according to data from Cushman & Wakefield. The most prominent segments were foodservice (seven brands) and fashion – including clothing, footwear, and accessories (four brands). Fourteen debuts took place in Prague, with one each in Ostrava and Pardubice.

Retail & leisure

Poland Karuzela Lubliniec grows

schedule 01 July 2026
Opr./edited by AH

The expansion of the Karuzela Lubliniec retail park is nearing completion. The park will soon gain an additional 8,000 sqm, bringing its total gla to 16,500 sqm.

Data centres

EMEA region Data centres spread out across the region

schedule 01 July 2026
Opr./edited by AH

The EMEA data centre market is entering a new phase where power availability, not demand, is defining growth, forcing a structural shift in how and where capital is deployed. According to Colliers’ EMEA Data Centre Markets Report | H1 2026, the region continues to see strong demand from hyperscale cloud, AI workloads and sovereign requirements, but the ability to convert that demand into operational capacity is becoming increasingly uneven.

Office & mixed-use development

Germany CA Immo to build from wood

schedule 01 July 2026
Opr./edited by AH

 CA Immo has begun leasing the space for its Skygreen at Hallesche Ufer 74–76 in Berlin. A modern, sustainable 18,400 sqm six-storey office building using a hybrid timber construction is to be developed.

Office & mixed-use development

Poland Offices above the warehouse

schedule 30 June 2026
Opr./edited by AH

Companies are relocating their offices to warehouses and production plants in ever larger numbers, driven by cost savings, the need for better communication, and a more cohesive work environment. 

Office & mixed-use development

Poland Improved Water pressure in City Tower

schedule 30 June 2026
Opr./edited by AH

Prague's tallest building, City Tower, has modernised its water supply system after nearly 20 years of operation. Two new Wilo pressure boosting stations were installed in the 109m office building, ensuring constant pressure on all 27 floors.

Warehouse & industrial

Hungary CTP comes to Pécs

schedule 30 June 2026
Opr./edited by AH

CTP is to develop a 66,000 sqm industrial and logistics park in Pécs in southern Hungary. In the first stage, CTP is to develop a 14,200 sqm BTS building for an existing client.

Office & mixed-use development

Poland AvaFin chooses the Warsaw Trade Tower

schedule 30 June 2026
Opr./edited by AH

AvaFin is to occupy the entire 24th floor of the Warsaw Trade Tower building, with a 1,200 sqm office space lease.

Warehouse & industrial

Poland Panattoni Park Kielce now ready

schedule 30 June 2026
Opr./edited by AH

Panattoni has handed over the final phase of Panattoni Park Kielce. The complex, situated on the city limits, comprises four modern buildings with a total floor area of approximately 66,000 sqm.

Warehouse & industrial

Poland 7R signs up BrandBQ

schedule 30 June 2026
Opr./edited by AH

BrandBQ, the owner of the Medicine fashion brand, has leased more than 30,000 sqm at 7R Hub Nowa Huta in Kraków. The lease will be implemented in stages, with the first stage to be handed over to the tenant in November 2027, and the second to be operational by November 2028.

Warehouse & industrial

Poland Two tenants for P3

schedule 30 June 2026
Opr./edited by AH

P3 has announced the signing of two leases for space in its P3 Poznań logistics park. Long-standing tenant Colian Logistic has renewed its lease for 4,825 sqm of warehouse space, while Arctos Creme has signed a new agreement for 7,913 sqm.

Retail & leisure

Poland Harvest comes to Elektrownia

schedule 30 June 2026
Opr./edited by AH

Harvest—a restaurant concept that serves contemporary Polish cuisine—has opened at Elektrownia Powiśle.

Warehouse & industrial

Poland Dachser opens in Szczecin

schedule 29 June 2026
Opr./edited by AH

Dachser has officially launched operations from its new transhipment terminal at ul. Cynkowa 5 in Panattoni Park Szczecin Trzebusz II. The centre has 3,500 sqm, including 700 sqm of offices.

Retail & leisure

Poland Key under construction in Giżycko

schedule 29 June 2026
Opr./edited by AH

Construction work has begun on the new Keya retail park on ul. Obwodowa in Giżycko in northeast Poland. The project will comprise over 5,000 sqm anchored by a Biedronka supermarket.

Office & mixed-use development

Poland Upward pressure on rents across the regions

schedule 29 June 2026
Opr./edited by AH

Regional cities are entering a period of record-low new supply, which, given continued demand, will limit the availability of prime space, according to a CBRE report.

Residential

Poland Alides announces project in Żoliborz

schedule 29 June 2026
Opr./edited by AH

Belgian real estate investor and developer Alides, is planning a new project in Warsaw's Żoliborz district. The planned development will comprise around 10,500 sqm of usable space.

Latest in For Ukraine

schedule 29 November 2023

Nansen Refugee Award goes to Poland!

The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional winner for Europe is a Polish couple, Lena and Władysław Grochowski.

schedule 25 April 2022

Build Europe supports refugees and appeals to European Commission

Polski Związek Firm Deweloperskich (PZFD) and Build Europe, the organisation representing the national federations of European developers and homebuilders, delivered more than 500 beds in Poland to support Ukrainian refugees, and also provided direct financial support to humanitarian organisations operating on the Ukrainian border in Romania and Moldova.

schedule 13 April 2022

Former Russian building to house Ukrainian refugees

The City of Warsaw has repossessed a building, at ul. Sobieskiego 100 in the city's Mokotów Dolny district, from the Russian Embassy.

schedule 15 March 2022

City Point Targówek to support refugees

Peakside Capital Advisors and Partners Group have provided a warehouse in their City Point Targówek complex in Warsaw to the Mazovian branch of the Polish Red Cross for the support of Ukrainian refugees.

schedule 10 March 2022

Strabag real estate makes room for Ukrainian refugees

Strabag Real Estate working with the city of Warsaw has prepared 200 beds in the Atrium International Office building for refugees fleeing from the war in Ukraine.

schedule 09 March 2022

CBRE leaves Moscow

CBRE Group has announced that it is to discontinue most of its business in Russia in response to the invasion of Ukraine. The company has now begun the process of exiting its Moscow office, from where it had been providing leasing, investment, property management and valuation services

schedule 08 March 2022

Eurobuild cuts access with Russia, Belarus

As of midnight today, all of Eurobuild's websites will be inaccessible from the Russian Federation and Belarus. In addition, the editorial team will cease publishing information on the investment and real estate markets of both countries.

schedule 04 March 2022

YIT and Autodesk pull out of Russia

Finnish construction group YIT has announced that it is pulling out of Russia, while Autodesk, a producer of software for the construction and engineering industries, is also withdrawing from the country.

schedule 02 March 2022

Warsaw to take back Russian held property

The city of Warsaw has initiated legal proceedings to take possession of a property it claims was illegally seized by the Russian Federation.

Read flipbook version

Edition 6 (308) June 2026

Latest comments

Categories

Your order
Your data
Number of access accounts
Each account provides independent access on one device. You will be able to create additional access accounts in the account settings.
Invoicing data
Order summary
Net price
Access accounts #
Net order
VAT (%)
Gross order
Payment security is ensured

Don`t miss out the current edition