News

Saller buys five retail facilities

schedule 23 December 2014
Aneta Cichla

POLAND Saller has purchased the former premises of Minmal stores in Głogów, Żory, Tarnowskie Góry, Mielec and Wałbrzych.

Architecture and urban planning

Nizio Design to showcase Polish vodka

schedule 01 December 2014
Anna Pakulniewicz

POLAND The interiors and exhibition area of the Museum of Polish Vodka, which is currently being developed within the Centrum Praskie Koneser complex, will designed by the Nizio Design International architectural studio.

Architecture and urban planning

Zodiak competition: call for submissions

schedule 05 December 2014
Tomasz Szpyt-Grzegórski

POLAND Competition for the development concept of the area situated by Warszawski Pawilon Architektury Zodiak in Warsaw is now on.

Architecture and urban planning

Adgar Park West gets new look

schedule 05 December 2014
Tomasz Szpyt-Grzegórski

POLAND The Adgar group opened the redeveloped Adgar Park West office complex in Warsaw.

Architecture and urban planning

Warsaw’s Kwadrat Theatre to get PLN 8 mln renovation

schedule 05 December 2014
Tomasz Szpyt-Grzegórski

POLAND Edward Dziewoński Kwadrat Theatre in Warsaw is to undergo a major modernization. The institution is to resume its operations in the renovated premises at the end of 2015.

Arc2 to design Gdańsk planetarium

schedule 19 December 2014
Tomasz Szpyt-Grzegórski

POLAND The Arc2 Fabryka Projektowa architectural studio has won a competition for the architectural concept of the first Gdańsk planetarium. The authors of the selected work will soon be invited to the negotiations with investors in the public tender mode.

Investment & finance

Skanska sells EUR 66 mln Łódź office complex

schedule 23 December 2014
Agata Kłapeć

POLAND A Griffin Group-managed fund has acquired Skanska’s Green Horizon office complex in Łódź for EUR 66 mln.

Bilfinger sells off its construction division

schedule 22 December 2014
Agata Kłapeć

GERMANY German real estate, engineering and construction expert Bilfinger is selling “a significant portion” of its civil engineering business, the construction division, to the Swiss construction and construction services company Implenia as the German giant aims to focus on servicing industrial facilities.

Office & mixed-use development

Riverview ready to use

schedule 22 December 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC Skanska’s Riverview office complex in Smíchov (Prague 5) has been commissioned for use.

Investment & finance

Globalworth acquires Unicredit headquarters for EUR 43 mln

schedule 22 December 2014
Agata Kłapeć

ROMANIA Globalworth Real Estate Investments has bought Unicredit Building, a 15,500 sqm gla office building in Bucharest, for app. EUR 43 mln.

Warehouse & industrial

Igus leases Ideal Idea Park III space

schedule 22 December 2014
Rafał Ostrowski
journalist

POLAND Plastic component manufacturer Igus has leased 800 sqm of office space and 1,000 of industrial space in Ideal Idea Park III in Warsaw’s Włochy district. The new tenant will move into the park in April 2015.

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.

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