News

Orbis sees growth in profits

schedule 31 August 2014
Rafał Ostrowski
journalist

POLAND The profit generated by Grupa Orbis in the first half of the year amounted to PLN 22 mln – an almost 20 pct increase on H1 2013.

Warehouse & industrial

Kolporter stays in Śląskie Centrum Logistyczne

schedule 31 August 2014
Rafał Ostrowski
journalist

POLAND Kolporter has prolonged its lease of almost 4,000 sqm in Śląskie Centrum Logistyczne in Sosnowiec.

Market interest in CEE data centres continues to surge

schedule 29 August 2014

EUROPE/ CEE REGION In H1 2014, connectivity hubs in Europe have sold a total of 38MW of customer IT power, a 68 pct y-o-y increase. Currently dominated by London, Frankfurt and Amsterdam facilities, the European data centre industry is starting to blossom in the CEE region where more and more facilities of this kind is being developed, says CBRE in its latest report.

Goldman Sachs doubles its stake in O1 Properties

schedule 29 August 2014
Rafał Ostrowski
journalist

RUSSIA Goldman Sachs International has bought another 6 pct of O1 Properties’ shares, thus increasing its stake in the Russian developer to 12 pct.

Office & mixed-use development

Centrum Marszałkowska given go-ahead

schedule 29 August 2014
Aneta Cichla

POLAND BBI Development has received the final building permit for the Centrum Marszałkowska mixed-use project in the centre of Warsaw.

Retail & leisure

Plaza Centers keeps losing money but not visitors

schedule 29 August 2014
Agata Kłapeć

CEE REGION In H1 2014, struggling shopping-centre developer Plaza Centers has seen its profit decreasing to EUR 12.6 mln, an 11 pct y-o-y slip and its total assets shrinking by EUR 67 mln over just six months, to EUR 519 mln, as the company continues to implement its debt restructuring plan.

Danone Bucharest headquarters changes hands

schedule 29 August 2014
Agata Kłapeć

ROMANIA Cyprus-based development and investment company Secure Property Development & Investment has taken over EOS Business Park, a Bucharest office building fully leased out by Danone Romania, for EUR 5.85 mln.

Warsaw and Budapest drive CEE office performance

schedule 29 August 2014
Agata Kłapeć

EUROPE/ CEE REGION In Q2 2014, European prime office rents have increased by 0.4 pct, slightly lower than at the beginning of the year when they hit 1.1 pct. Meanwhile, leasing volumes in Europe reached 2.8 mln sqm, a 19 pct quarter-over-quarter increase and an 11 pct year-over-year surge, according to the latest study by JLL.

Orco to delist from Prague next month

schedule 28 August 2014
Nathan North
deputy editor

CZECH REPUBLIC Orco Property Group has announced a date for the delisting of all its 114,507,629 ordinary shares from the Prague Stock Exchange: September 22nd.

Investment & finance

Rank Progress sells Galeria Piła to Austrians

schedule 28 August 2014
Rafał Ostrowski
journalist

POLAND The Legnica-based developer Rank Progress has finalised the sales of Galeria Piła to Austrian property investor Immofinanz. The transaction was worth almost PLN 57.7 mln net.

Investment & finance

Jaguar sales push up Marvipol profits

schedule 28 August 2014
Rafał Ostrowski
journalist

POLAND Automotive company and developer Marvipol generated a net profit of over PLN 29 mln in H1 – three times more than the figure for the same period in 2013 and the best semi-annual result in the group’s history.

Retail & leisure

Second Multibox opens in Ostrów Wielkopolski

schedule 28 August 2014
Rafał Ostrowski
journalist

POLAND The second Multibox retail park in Ostrów Wielkopolski has now opened.

Growth in profits for Erbud

schedule 28 August 2014
Rafał Ostrowski
journalist

POLAND Erbud group generated profits of PLN 8.3 mln in H1, a more than threefold growth on the same period last year.

Investment & finance

Building permit for Galeria Północna in the autumn

schedule 28 August 2014
Rafał Ostrowski
journalist

CEE REGION Globe Trade Centre (GTC) expects to receive a building permit for its Galeria Północna shopping centre development in Warsaw’s Białołęka district this autumn.

Office & mixed-use development

Building permit for another Koneser building

schedule 28 August 2014
Aneta Cichla

POLAND BBI Development and Liebrecht & Wood can now start the construction of another building in the Centrum Praskie Koneser project in Warsaw.

Retail & leisure

Convincing the unconvinced about Galeria Kabaty

schedule 28 August 2014
Aneta Cichla

POLAND Kabaty Investment, an SPV company of Tesco Polska, has revealed visualisations of the future Galeria Kabaty shopping centre in Warsaw.

Dom Development to invest another PLN 100 mln on land in H2

schedule 28 August 2014
Agata Kłapeć

POLAND Dom Development is planning to buy plots up to a value of around PLN 100 mln in H2 2014, mostly in the Polish capital city.

Construction

Kajima to extend Wola Park, Strabag and partners to extend PH Bielany

schedule 28 August 2014
Aneta Cichla

POLAND Inter IKEA Centre Group Poland has selected the companies to work on the extension of two company’s properties: the Wola Park shopping centre in Warsaw and the Bielany retail park in Wrocław.

Polnord selling ul. Pereca plot

schedule 28 August 2014
Aneta Cichla

POLAND Polnord is set to sell a 1,960 sqm plot on ul. Pereca in Warsaw.

Architecture and urban planning

Plus Architekci design for Invest-Art

schedule 28 August 2014
Aneta Cichla

POLAND Plus Architekci has designed an estate of detached houses in Kępa Zawadowska in Warsaw’s Wilanów district for the developer of the project, Invest-Art.

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