News

Yields and investment flat as Ukrainian uncertainty continues

UKRAINE In the first half of 2015, total secondary investment volume on the Ukrainian property market amounted to only around USD 40 mln, according to a report by DTZ.

Warehouse & industrial

Aircraft components suppliers pick Poland

POLAND Aircraft engines manufacturer Rolls-Royce and the aviation supplier Hispano-Suiza will open a production plant in Poland that will serve their newly-created Aero Gearbox International joint venture.

Warehouse & industrial

CTP buys another Romanian park

ROMANIA Czech industrial developer CTP has reached an agreement with UK-owned developer Portland Trust to buy the Bucharest West logistics park.

Office & mixed-use development

GTC Łódź project signs new tenants

POLAND Warsaw-listed developer GTC has signed two new lease agreements for a total of 9,000 sqm of office space in the University Business Park II building which is currently being constructed in Łódź.

Retail & leisure

GPoland looking to expand at home and abroad

POLAND Master-franchising firm GPoland is now focusing on major expansion plans for the company. The products it offers are intended to fill gaps on the Polish market. It has recently founded an academy to train its business partners how to retail in line with its standards. The company is looking for new partners, to open more stores in Poland and in the future and to open its first outlets abroad. It is aiming at opening another twenty or so boutiques by the end of 2017.

Office & mixed-use development

Northern potential and rising vacancy

POLAND The office market in northern Poland is developing and has good prospects for the future, according to the ‘Northern Poland – Prospects for Business Services report just published by Colliers and Adecco. The authors of the research state that higher vacancy in Gdańsk is expected. The report focused on five office investment location: the TriCity, Szczecin, the Bydgoszcz-Toruń agglomeration, Białystok and Olsztyn.

Retail & leisure

Lykke debuts in Poland

POLAND Scandinavian clothing retailer Lykke is entering the Polish market.

Office & mixed-use development

Nasdaq moves into K29

LITHUANIA American/Canadian stock exchange operator Nasdaq has leased a single area of 2,300 sqm in the K29 Vilnius office building in the Lithuanian capital.

Investment & finance

CPI to sell Živnobanka building to Chinese giant

CZECH REPUBLIC CPI Property Group has entered into a preliminary agreement to sell to CEFC China Energy Company Limited the historic former Živnobanka (Živnostenská bank) building in Prague.

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Interior design

Pelican with a red dot

POLAND/WORLD The Pelikan chair, which has been designed by Mac Stopa and M. Ballendat for Profim, has been awarded a Red Dot at the Red Dot Awards: Product Design 2015.

Matexi preparing new Bielany estate

POLAND Matexi Polska has purchased a plot at ul. Żeromskiego 17 in Warsaw’s Bielany district, where it is planning to carry out its latest residential project: Żeromskiego 17.

Construction

Skanska to build terminal for LS Airport Services

POLAND Skanska has won a tender for the construction of a courier terminal on ul. Wirażowa in Warsaw for LS Airport Services.

Retail & leisure

Alma enters Stacja Oliwa

POLAND Stacja Oliwa – a new convenience centre in Gdańsk – has acquired a grocery anchor: Delikatesy Alma.

Warehouse & industrial

Panattoni goes to Lublin

POLAND Panattoni Europe is set to go ahead with the first stage of the development of a logistics park in Lublin after choosing Mirbud as the general contractor.

Residential

Work and sales start for Ursa Smart City

POLAND The construction and sales of apartments are to start for the first stage of the Ursa Smart City estate in Warsaw’s Ursus district in September, a year after the signing of a cooperation contract by Unidevelopment and CPD.

Investment & finance

Eurocentrum up for sale

POLAND Capital Park has decided to sell the Eurocentrum Office Complex in Warsaw.

Profits up for Inpro

POLAND Inpro, which develops residential projects in and around the TriCity, saw its revenue increase by almost 18 pct y-o-y to PLN 79.9 mln in the first half of the year.

Record sales for Vantage Development

POLAND Vantage Development signed off more than 200 apartment sales contracts in H1 2015 – the best result in the history of the company.

Moonzi in Galeria Wisła

POLAND A boutique specialising in elegant women’s fashion is to open in Galeria Wisła in Płock in the second half of September. The first Moonzi store will open on the first floor of the mall in a unit with an area of nearly 31 sqm.