News

Retail & leisure

315,000 sqm mall to be built in Moscow

schedule 22 December 2014
Rafał Ostrowski
journalist

RUSSIA Green Mall, an over 315,000 sqm shopping centre with 129,000 sqm gla, is to be developed in central-western Moscow. The investment is estimated at USD 460 mln in total.

Investment & finance

Invesco Real Estate buys Plac Unii for EUR 226 mln

schedule 19 December 2014
Eurobuild CEE

POLAND Liebrecht & Wood Group and BBI Development SA have signed a final agreement on the sale of Plac Unii, a mix-use complex in Warsaw, to the real estate investment manager Invesco Real Estate (IRE). The transaction was estimated at EUR 226 mln.

Investment & finance

Skanska sells 40,000 sqm Wrocław office project

schedule 19 December 2014
Agata Kłapeć

POLAND Skanska Property Poland has sold its Dominikański office complex that is currently being developed in Wrocław to the German asset manager Union Investment.

W. P. Carey acquires USD 30 mln Polish asset

schedule 19 December 2014
Agata Kłapeć

POLAND US-based real estate investment trust (REIT) W. P. Carey has bought a newly-constructed, app. 32,600 sqm light-industrial and distribution center in Poland’s Opole for USD 29.5 mln (EUR 23.8 mln).

Hotels

B&B to develop Katowice hotel

schedule 12 December 2014
Aneta Cichla

POLAND The B&B budget hotel chain is planning to open its fourth location in Poland. The company, which recently purchased a Katowice investment plot, is getting prepared to start the construction work on the site.

Warehouse & industrial

Advantech Poland HQ in Ideal Idea Park III

schedule 16 December 2014
Anna Pakulniewicz

POLAND Ideal Idea has leased space in Warsaw to Advantech Poland for its corporate headquarters for Central and Eastern Europe.

Office & mixed-use development

More office tenants in Warsaw's Plac Unii

schedule 12 December 2014
Aneta Cichla

POLAND Yet another tenant is to move into the Plac Unii office and retail complex in spring 2015. The Swiss retail agency Markant has leased nearly 1,300 sqm of office space on the fifth floor in Plac Unii’s Building B.

Construction

Okam tops off InCity’s third stage

schedule 12 December 2014
Aneta Cichla

POLAND The structural work on the third stage of the InCity residential estate located at the junction of ul. Siedmiogrodzka and ul. Karolkowa in Warsaw has finished. The project’s investor is Okam Capital.

New fund of Lords LB Asset Management

schedule 16 December 2014
Anna Pakulniewicz

LITHUANIA Lords LB Asset Management has been granted permission by the Bank of Lithuania to form a closed-end real estate investment fund, Lords LB Baltic Fund IV.

Main shareholders consider selling off Ronson stakes

schedule 16 December 2014
Tomasz Szpyt-Grzegórski

POLAND Global City Holdings and U. Dori Group – the main shareholders of stock-exchange listed Ronson – are considering the sale of their shares in the residential developer.

AEW Europe raises millions for logistics shopping

schedule 16 December 2014
Tomasz Szpyt-Grzegórski

EUROPE AEW Europe has raised EUR 820 mln from investors to buy logistics and warehouse facilities in Europe.

Retail & leisure

Outlet Białystok welcomes first shoppers

schedule 16 December 2014
Aneta Cichla

POLAND Outlet Białystok – an outlet centre owned by Amethyst Investments – has been opened.

Construction

Karmar to construct Warsaw office building

schedule 16 December 2014
Tomasz Szpyt-Grzegórski

POLAND Karmar has been chosen to be the general contractor of the Wisher Enterprise office building, which is to be developed at ul. Grzybowska 43 in Warsaw.

Warehouse & industrial

CTP announces three new parks

schedule 15 December 2014
Nathan North
managing editor (English section)

SLOVAKIA/CZECH REPUBLIC CTP has announced that it will be developing three new warehousing parks in Slovakia and the Czech Republic.

Conwert converts properties into cash

schedule 15 December 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC/SLOVAKIA Vienna-listed Conwert Immobilien Invest has sold its entire Czech property portfolio of 46,249 sqm to a Czech company, as well as two properties in Žilina and an undeveloped plot in Bratislava to a Slovakian investor in a share deal.

Office & mixed-use development

Griffin plans on developing massive Łódź complex

schedule 15 December 2014
Tomasz Szpyt-Grzegórski

POLAND A 7.7-ha plot situated between ul. Milionowa and ul. Tymienieckiego in Łódź has been purchased in an auction by Griffin Group. Now the new owner plans on constructing a 100,000 sqm mixed-use complex on the parcel previously owned by Opal Property Developments.

Retail & leisure

Inditex keeps expanding both in-store and online

schedule 15 December 2014
Agata Kłapeć

WORLD In the first nine months of 2014, the Spanish fashion retail giant Inditex, which operates such brands as Zara, Bershka, Stradivarius and Oysho, has opened 230 new stores across 50 countries. Meanwhile, the retailer expanded its online presence to 27 markets worldwide.

Technology

Gap teams up with Zalando to enlarge digital presence

schedule 15 December 2014
Agata Kłapeć

WORLD US-based fashion retailer Gap has joined forced with the pan-European e-commerce platform Zalando to gain better access to the European markets.

Investment & finance

German asset manager takes over new Warsaw hotel

schedule 15 December 2014
Agata Kłapeć

POLAND CEE developer S+B Gruppe AG is selling a newly-opened 300-room Hampton by Hilton hotel in Warsaw to the German asset manager Union Investment.

Construction

Work begins on Warsaw West

schedule 15 December 2014
Tomasz Szpyt-Grzegórski

POLAND Construction work has started on the new Warszawa Zachodnia (Warsaw West) railway station.

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