News

Residential

JHM Development to spend PLN 110 mln on new projects

schedule 08 October 2014
Aneta Cichla

POLAND JHM Development is getting ready for starting a number of new residential developments. In the next few months the developer is set to begin projects in Katowice (196 apartments), Rumia (237 apartments) and Łódź (81 houses), just to name a few.

Awbud to build Pentair factory

schedule 08 October 2014
Aneta Cichla

POLAND Awbud has been chosen the general contractor for a Pentair Poland factory, which is set to be built in Wałbrzych Special Economic Zone. The contract is worth a net amount of PLN 28.9 mln.

Residential

Warsaw authorities approve another skyscraper

schedule 08 October 2014
Tomasz Szpyt-Grzegórski

POLAND Development company Atlas Estates has obtained construction permit for a nearly 165-metre skyscraper on ul. Grzybowska in Warsaw’s Wola district.

Etalon almost completes ExpoForum exhibition centre

schedule 07 October 2014
Rafał Ostrowski
journalist

RUSSIA The ExpoForum congress and exhibition centre in St Petersburg opened on October 7th, on the day of the IV St Petersburg International Gas Forum.

CEE market heading for record year

schedule 07 October 2014
Rafał Ostrowski
journalist

CEE REGION The investment volume in the CEE region could reach between EUR 6 and 7 bln by the year-end, marking the highest level since the economic downturn, according to research by JLL.

Over 1.5 mln sqm built in New Moscow this year

schedule 07 October 2014
Rafał Ostrowski
journalist

RUSSIA Over 1.5 mln sqm of real estate has been constructed over the first nine months of the year on the territory of New Moscow, according to the website of the Integrated Body for Urban Design Policy and Development of Moscow, which quoted Vladimir Zhidkin the head of Moscow’s department for the development of new territories.

Warehouse & industrial

Leader Logistics moves to Prologis Park Wrocław III

schedule 07 October 2014
Nathan North
deputy editor

POLAND Wrocław-based Leader Logistics, part of the Pall-Ex Group, has leased 7,500 sqm in Prologis Park Wrocław III.

Retail & leisure

H&M joins Galeria Aviator

schedule 06 October 2014
Aneta Cichla

POLAND Swedish clothing chain H&M is to open an outlet in Galeria Aviator – a retail project planned by Rank Progress in Mielec.

Investment & finance

Bricomarché takes over 14 Nomi stores

schedule 06 October 2014
Aneta Cichla

POLAND Grupa Muszkieterów has announced that the Bricomarché chain of DIY supermarkets has taken over 14 stores of Nomi – which is in liquidation and has thus become the owner of the majority of retail outlets of the brand (Nomi has 24 locations).

Redan finishes restructuring

schedule 06 October 2014
Tomasz Szpyt-Grzegórski

POLAND With the sale of a minority stake in the company which controls the TextilMarket chain, Redan can now finish its restructuring ahead of schedule and look forward to new projects.

Contract signed with Szczecin station contractors

schedule 06 October 2014
Ewa Andrzejewska

POLAND Polish State Railways (PKP) has finalised a contract with a consortium of Winnicki and Maxto for the construction work on Szczecin train station.

Office & mixed-use development

Strabag starts work on Astoria in Warsaw

schedule 06 October 2014
Tomasz Szpyt-Grzegórski

POLAND Strabag Real Estate (SRE) has started the construction of the Astoria office and retail project in Warsaw.

Moscow attracts 40 international brands

schedule 06 October 2014
Rafał Ostrowski
journalist

RUSSIA Since the beginning of the year, 29 new foreign brands have entered the Moscow retail market and another ten have announced plans to do so by the end of the year, according to research by CBRE.

Good Q3 on Russian real estate investment market

schedule 06 October 2014
Rafał Ostrowski
journalist

RUSSIA In Q3 2014, the total investment volume on the Russian market came to USD 1.3 bln, slightly more than the USD 1.2 bln recorded last year, according to Cushman & Wakefield.

Hochtief gets rid of residential developer

schedule 06 October 2014
Agata Kłapeć

EUROPE German construction company Hochtief has sold its Munich-based residential development company formart to Activum SG, as the Group continues to review its core business operations and implement reorienting strategy.

IKEA to open first Serbian store for EUR 70 mln

schedule 06 October 2014
Agata Kłapeć

SERBIA Swedish furniture retailer IKEA plans on opening its first, 35,000 sqm Serbian store in Belgrade. Located near Bubanj Potok and estimated at EUR 70 mln, the project is scheduled to be finished by the end of 2016.

Investment & finance

BNP provides finance for Marcredo

schedule 06 October 2014
Nathan North
deputy editor

POLAND BNP Paribas Real Estate has advised Elbfonds on the acquisition of funds for its Marcredo Center Kutno shopping centre investment.

Warehouse & industrial

New Segro space under construction for Azymut

schedule 06 October 2014
Nathan North
deputy editor

POLAND A total of 3,600 sqm of warehouse space at Segro Logistics Park Stryków is currently being built for Azymut, part of PWN publishing group.

Skanska to build Wrocław flood defences and bridges

schedule 06 October 2014
Nathan North
deputy editor

POLAND Skanska has been awarded a contract with the Lower Silesian Board of Melioration and Water Structures in Wrocław to construct flood protection facilities, a railway bridge and three road bridges.

Office & mixed-use development

More than 8,000 sqm leased by Immofinanz in Budapest

schedule 06 October 2014
Nathan North
deputy editor

HUNGARY Immofinanz Group has signed several large lease agreements for more than 8,000 sqm in its Hungarian office and logistics buildings.

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