News

Residential

Wawel Service develops green residential project

POLAND The construction work on the Halszki 28A residential project, which is being developed by Wawel Service in Kraków’s Kurdwanów region, has started.

Investment & finance

'Opportunists' have EUR 1 bln to invest

EUROPE/POLAND The UK opportunistic fund Resolution Property is planning to spend over EUR 1 bln (GBP 800 mln) on new European projects in the next two years. Poland is on its radar, too.

Retail & leisure

MLP Group to build for Czerwona Torebka

POLAND MLP Group is to build app. 120,800 sqm of warehouse and office space for Merlin.pl, Małpka Express and Dyskont Czerwona Torebka.

Interior design

Modernity defined by Bose

POLAND The US speaker manufacturer Bose has refurbished its Galeria Mokotów premise. The Warsaw store was redesigned by Bose Corporation’s in-house interior design team as part of the company’s new global visual merchandising strategy.

Retail & leisure

Atrium Copernicus getting fit

POLAND Customers of the Atrium Copernicus shopping centre, which is currently being extended in Toruń, will now be able to use a fitness club.

Office & mixed-use development

Ovo Wrocław emerges from the ground

POLAND Work has started on the above-ground floors of Ovo Wrocław, where the Double Tree by Hilton hotel is going to open in 2016.

Office & mixed-use development

Silesia Business Park with property manager

BNP Paribas Real Estate was chosen as the property manager for the first Skanska office building that is being developed as part of the four-building Silesia Business Park in Katowice.

The last one call for registration!

Moscow new office space increases two-fold in Q3

RUSSIA In Q3 2014, deliveries of new office space in Moscow amounted to 496,000 sqm, a two-fold y-o-y increase, JLL informed.

Hotels

Orbis to take over Accor CEE assets

CEE REGION Polish hotel operator Orbis has been offered to take over a portfolio of 46 CEE Accor hotels.

9,000 sqm leased in Empark

POLAND New companies have joined the list of tenants renting space in Warsaw’s Empark Mokotów Business Park, Poland’s largest office complex.

Hotels

Holiday Inn Express debuts in Russia

RUSSIA InterContinental Hotels Group and the Russian developer Regional Hotel Chain (RHC) have opened a Holiday Inn Express hotel in Voronezh, 500 km south of Moscow.

Construction

Totalbud works on Fenix Group project

POLAND Warsaw-based construction company Totalbud has won a contract for the construction of reinforced concrete structure on the new, five-storey project that is being developed as extension to the tenement house at ul. Koszykowa 49A in Warsaw.

Construction

Ground broken for Galeria Glogovia

POLAND Saller Market, the developer of the Galeria Glogovia shopping centre in Głogów, has laid the cornerstone for the project.

Construction

Dekpol to build Kwidzyń shopping mall

POLAND Dekpol has been chosen as the general contractor of the Liwa shopping centre, which is being developed by Inbap FIZAN in Kwidzyń.

Construction

The Tides will rise with Agmet

POLAND Agmet has become the general contractor for The Tides, a three-building project that is being developed on ul. Wioślarska in Warsaw’s Powiśle district. The project is scheduled to be completed in Q1 2016.

Construction

Former Smyk to be partly demolished

POLAND Demolition work has started on a part of the CDT building in Warsaw, which used to house the Polish children’s department store Smyk. The project is currently being redeveloped by Immobel Poland.

Investment & finance

Skanska sells Prague office building for EUR 20 mln

CZECH REPUBLIC Swedish developer Skanska Property has sold its Riverview office building in Prague to a fund managed by the global investment manager, Invesco Real Estate, for EUR 20 mln.

Investment & finance

EUR 190 mln Metropolitan changes hands

POLAND Deutsche Asset & Wealth Management (DeAWM) has officially announced that it purchased the Metropolitan office building in Warsaw on behalf of its institutional investors. The transaction was financed by commercial property funds.

CEE commercial investment up 11 pct in Q3

CEE REGION In Q3 2014, commercial real estate investment volumes in the CEE have risen by 11 pct. y-o-y, according to the latest CBRE report.