News

Office & mixed-use development

Budapest's Nordic Light kicks off

HUNGARY Skanska Property Hungary has started the construction work on its 26,200 sqm gla Budapest office building, Nordic Light. The project’s first, 6,600 sqm stage is scheduled to be completed in the first quarter of 2016.

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Investment & finance

Ghelamco secures loan for Mokotów building

POLAND Ghelamco Invest has been granted a loan from PKO BP for the financing of an office project in the Mokotów business district of Warsaw.

Warehouse & industrial

EBRD pours EUR 23 mln into Romanian sweet factory

ROMANIA The European Bank of Reconstruction and Development is providing a EUR 23 mln loan to support the construction of a 75,800 greenfield confectionery factory in Ghercești near the Romanian city of Craiova in the southern part of the country.

Office & mixed-use development

NCR and JCDecaux in River Garden Office II/III

CZECH REPUBLIC US retail tech firm NCR and French outdoor advertising company JCDecaux have leased a combined area of 4,400 sqm in the recently completed River Garden Office II/III complex in Prague’s Karlín district.

Investment & finance

Prologis buys 50,000 sqm Invesco property

POLAND Prologis European Properties Fund II (PEPF II) has acquired a 50,000 sqm Invesco Real Estate logistics facility in Stryków near Łódź that is currently being entirely leased to the DIY and home décor retailer Castorama. The warehousing property will now be named Prologis Park Stryków II.

Investment & finance

Warsaw Okęcie plot up for sale

POLAND Airport Village, a subsidiary of the Military Property Agency (Agencja Mienia Wojskowego), has put up for sale a 1,660 sqm land plot situated by the Warsaw Chopin Airport in Warsaw’s Okęcie area.

Construction

Work begins on Business Garden Warszawa’s second phase

POLAND Inter Ikea Property Division-owned development company Vastint Poland has signed a contract with Hochtief Polska on the construction of five office buildings that are being developed as part of the second, 56,000 sqm gla stage of the Business Garden Warszawa office and retail/ services complex in Warsaw.

CEE attracts investors despite Russian-Ukrainian tension

CEE REGION While global investors expect Western European investment volumes to continue to grow this year (59 pct) and next year (56 pct), their sentiment over CEE investment conditions is not as positive: 52 pct expect the CEE market conditions to deteriorate, as compared to 32 pct last year, while app. 40 pct expect CEE volumes to fall in 2014 and 2015, according to a Colliers International study.

Warehouse & industrial

Movements in Czech CTP parks

CZECH REPUBLIC German auto parts distributor Trost has moved into one of the six CTBox warehousing units in CTPark Plzeň.

Warehouse & industrial

Investa expands in Segro Logistics Park Stryków

POLAND Stainless steel product supplier Investa has extended its 15,00 sqm lease in Segro Logistics Park Stryków by another 1,500 sqm.

Technology

Skanska tests 3D concrete printing

UNITED KINGDOM Swedish construction and development giant Skanska has teamed up with a British university to develop the use of 3D printing in the construction industry. The partnership aims to develop the world’s first commercial concrete printing robot that would revolutionize the construction process and supply chain.

Investment & finance

Globalworth acquires new Skanska office building for EUR 44 mln

ROMANIA Guernsey-registered investment company Globalworth has bought the first of the three office buildings that make up Green Court, a 52,000 sqm office complex that is currently being developed in Bucharest, for EUR 44 mln. The newly-acquired Building A offers 19,500 sqm gla of Class A office space.

Office & mixed-use development

J&T Real Estate completes Westend Gate

SLOVAKIA J&T Real Estate has completed the construction of the nine-storey Westend Gate, part of the Westend business zone in Bratislava‘s Patrónka.

Green projects

Wrocław’s Promenady Zita LEED Platinum pre-certified

POLAND The first stage of the Promenady ZITA office complex in Wrocław has obtained LEED pre-certificate with the highest possible rating, Platinum, for core and shell development.

Logistics expert leases 22,000 sqm in Prologis park

HUNGARY Prologis has signed a 22,000 sqm lease deal for warehousing space at Prologis Park Budapest-Gyal with the Syncreon Technology logistics solution provider.

Office & mixed-use development

Budimex wins Business Garden Wrocław contract

POLAND Budimex has been selected as the general constructor of the Business Garden Wrocław office complex that is being developed by Vastint.

Green projects

Zagreb’s Eurocenter earns BREEAM In-Use certification

CROATIA Eurocentre, a 11,400 sqm office building in Zagreb, has been awarded BREEAM In-Use certification with Very Good rating, becoming the first Croatian building with such accreditation.

Last three days to vote for the most investor-friendly Polish city

POLAND Voting in Eurobuild CEE competition for the most-investor friendly Polish city will only be open for three more days. You can place your vote for one of the ten cities running for the Most Investor-Friendly Award 2014 on the competition’s website.

DSV leases 2,000 sqm in Warsaw’s Nefryt

POLAND Logistics company DSV has leased app. 2,000 sqm of office space in the Nefryt office building on. ul. Domaniewska in Warsaw.