News

Office & mixed-use development

Hochtief finishes and hands over Plac Małachowskiego

schedule 02 October 2014
Aneta Cichla

POLAND Kulczyk Silverstein Properties (KSP) has taken over the refurbished and extended Plac Małachowskiego office project in Warsaw.

Knight Frank improves financial results

schedule 02 October 2014
Agata Kłapeć

WORLD In its last financial year, real estate agent Knight Frank has seen a record GBP 392.7 mln turnover, a 12 pct y-o-y increase, while it generated GBP 136.6 mln profit, a 33 pct y-o-y boost.

Warehouse & industrial

Prologis to serve also small Wrocław tenants

schedule 02 October 2014
Agata Kłapeć

POLAND Prologis has opened a new, 18,200 sqm warehouse in its Wrocław logistics park, Prologis Park Wrocław III, as it attempts to capitalize on demand for small yet modern warehousing space.

Investment & finance

Plaza Centers sells Kragujevac mall

schedule 02 October 2014
Nathan North
deputy editor

SERBIA Plaza Centers has completed the sale of its Kragujevac Plaza shopping centre for EUR 38.6 mln.

Investment & finance

Castle Carbery sells Cirrus to Adgar

schedule 02 October 2014
Nathan North
deputy editor

POLAND Irish investor Castle Carbery Properties, on behalf of Mazovia Holdings II, has sold the Cirrus office building in Warsaw’s Mokotów district to a subsidiary of Tel Aviv Stock Exchange listed Adgar Investments & Development.

Office & mixed-use development

First shovel for Fortyone in Belgrade

schedule 02 October 2014
Nathan North
deputy editor

SERBIA GTC Serbia, part of the Globe Trade Centre group, has broken ground for its Fortyone class ‘A’ office project in Belgrade.

Warehouse & industrial

Sportisimo takes 14,500 sqm in Westgate Park Rudná

schedule 02 October 2014
Nathan North
deputy editor

CZECH REPUBLIC Sportisimo has leased over 14,500 sqm of warehouse space with offices in Westgate Park Rudná, 16 km west of Prague.

Office & mixed-use development

Tensor offices in Gdynia given go-ahead

schedule 02 October 2014
Nathan North
deputy editor

POLAND A final building permit has been granted for Tensor, a class ‘A’ office complex on ul. Łużycka in Gdynia.

Investment & finance

YIT offloads Grand Office in Vilnius

schedule 01 October 2014
Nathan North
deputy editor

LITHUANIA Finnish construction and development giant YIT has signed agreements to sell three properties, including Grand Office in Vilnius, to different parties.

Russian real estate investment 10 pct down in Q3

schedule 01 October 2014
Rafał Ostrowski
journalist

RUSSIA Investment volumes on the Russian real estate market in Q3 reached USD 1.4 bln, 10 pct down y-o-y, according to the latest research by JLL.

Etalon builds 66,000 sqm factory for Nissan

schedule 01 October 2014
Rafał Ostrowski
journalist

RUSSIA Etalon Group, acting through its subsidiary EtalonPromStroy, has completed the second stage of the Nissan plant in St Petersburg.

Property and Facility Management

BAM to manage Family Point Wrocław

schedule 01 October 2014
Aneta Cichla

POLAND Parus, the owner of Family Point in Wrocław, has chosen Balmain Asset Management to be the shopping centre’s facility manager. BAM is also the asset manager of the mall.

Budimex finishes work on Lublin roads

schedule 01 October 2014
Aneta Cichla

POLAND Budimex has completed two sections of road near Lublin. The first is a section of the S17 Kurów–Lublin–Piaski expressway between the Bogucin and Dąbrowica interchanges (including the interchange) and a section of the national road between the Dąbrowica interchange and the city limits of Lublin – a total of 10 km.

Office & mixed-use development

Offices from Warsaw gardeners

schedule 01 October 2014
Tomasz Szpyt-Grzegórski

POLAND The Municipal Gardening Company (MPRO) in Warsaw is planning to build two office buildings at ul. Wybrzeże Gdyńskie 27 in Kępa Potocka.

Office & mixed-use development

More and for longer in WFC

schedule 01 October 2014
Aneta Cichla

POLAND Two tenants are staying for longer in the Warsaw Financial Center office building: a Pekao bank and a Starbucks café. Both companies are to remain in the building for the next ten years.

Residential

LC Corp group starts Wrocław estate

schedule 01 October 2014
Tomasz Szpyt-Grzegórski

POLAND LC Corp has started the construction and sales process for a residential project in Wrocław. The Dolina Piastów estate is located on ul. Kiełczowska in the city’s Psie Pole district.

Another bank calls in EFH debt

schedule 01 October 2014
Tomasz Szpyt-Grzegórski

POLAND Bank Zachodni WBK has terminated the loan agreement concluded with Europejski Fundusz Hipoteczny (EFH) for the construction of Hotel Król Kazimierz in Kazimierz Dolny.

Construction

Galeria Park Top topped off

schedule 01 October 2014
Aneta Cichla

POLAND The Galeria Park Top estate has been topped off, marking the completion of the structural work on the first and the second stage of the development.

Construction

Zab-Bud to finish off ministerial project

schedule 01 October 2014
Tomasz Szpyt-Grzegórski

POLAND Zab-Bud is to complete the construction work on a project currently being developed in Warsaw for the Centre of Document Personalisation (CPD), a unit of the Polish Ministry of the Interior.

Murapol adds to land bank

schedule 01 October 2014
Aneta Cichla

POLAND Murapol has purchased two new properties: a 1.5 ha plot on ul. Niepołomnicka in Gdańsk and 0.6 ha on ul. Polskiego Czerwonego Krzyża in Toruń.

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