News

Hilton hotel to open in Szczecin

POLAND The abandoned Piast hotel in Szczecin is to be redeveloped and modernized. The project’s investor will be Redi S.S. of Warsaw.

Hotel Arłamów refinanced

POLAND The Hotel Arłamow company, the owner of a four-star hotel in the Bieszczady mountains, has obtained a refinancing loan of PLN 84.5 mln for the property from Bank Ochrony Środowiska and a working capital loan of PLN 3.5 mln.

Architecture and urban planning

Granaria starts work on Spichrzów Island

POLAND Granaria Development Gdańsk, a company appointed by a consortium of Immobel and Multibud in order to manage the operations of the project involving the development of Spichrzów Island in Gdańsk, has been working more and more intensely.

Investment & finance

EUR 43 mln for Twin City B

SLOVAKIA HB Reavis has obtained a EUR 43 mln loan from ČSOB Slovakia bank for the construction of Twin City B – the second office building of its Twin City development in Bratislava.

Renaissance Plaza still Orange

POLAND Warsaw-based asset manager MF Capital has re-leased the entire Renaissance Plaza office building

Architecture and urban planning

Voting opens on new Tallinn city centre

ESTONIA Entries for the Tallinn Architecture Biennale Vision Competition ‘Epicentre of Tallinn’ have now been published in a digital catalogue and are open to be voted on by the public.

Retail & leisure

4F runs towards Latvia

LATVIA/POLAND Polish sports brand 4F is to expand its chain into Latvia.

Office & mixed-use development

Building-block tower in the heart of Warsaw

POLAND A skyscraper that looks as though it is made of gigantic building blocks, along with multi-level public areas with lavish greenery and fountains, is what can be seen on the latest visualistaions of the Centralna Park mixed-use complex in Warsaw, which is being developed by Xcity Investment.

Office & mixed-use development

Tensor catches fish producer

POLAND Tinned and preserved fish producer Thai Union Poland has leased 250 sqm of office space in the Tensor ‘X’ building in Gdynia.

Warehouse & industrial

Irca leases 800 sqm in Segro Ożarów

POLAND Italian-owned confectioner and baker Irca Polska has leased 800 sqm in Segro Business Park Warsaw, Ożarów.

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Technology

Home automation attracts resi developers

POLAND As developers increasingly implement smart home management systems in their project, an Israeli-based company has come up with a multifaceted app-supported platform that has already lured such residential development companies as Robyg, Ronson, Okam, DOR and Mill-Yon.

Office & mixed-use development

UPS takes up Łódź offices

POLAND Logistics giant UPS has leased 2,000 sqm of office space in GTC’s University Business Park building located at ul. Wólczańska 178 in Łódź. The tenant will run its new 130-people global shared services centre in the property.

Office & mixed-use development

Vertingis becomes Business Centre One after sale

LITHUANIA A business centre at Ukmergės G. 322 in Vilnius has been sold.

Technology

New Look mobile orders up 97 pct

WORLD In the first quarter of its 2015/2016 fiscal year, the UK-based fashion retail group New Look has seen a 97 pct y-o-y boost in the number of online orders placed on mobile devices.

Retail & leisure

Young fashion retailers turn towards men

WORLD Stradivarius, the Inditex-owned young women's fashion retail format, aims to launch a line for men in 2017. The news comes as one of the chain's biggest competitors, New Look, plans on opening its first menswear-only physical stores this year.

Investment & finance

PHN goes it alone with City Tower

POLAND Polski Holding Nieruchomości (PHN) is now to carry out the development of the City Tower office project in central Warsaw on its own, after the company and its partner until now – the Hochtief group – terminated cooperation agreements.

Construction

Final part of Sokratesa topped off

POLAND The II B stage of the Sokratesa Park & Art residential project in Warsaw was topped off on August 6th.

Residential

Ronson returns to form

POLAND In spite of a difficult beginning to 2015, Ronson Europe is expecting a good end to the year. In H1 2014 the company had the revenue of PLN 113 mln and in the current year the revenue decreased to PLN 94.2 mln.

Construction

Better access to Aleja Bielany

POLAND IKEA Centres Poland is to finance the redevelopment of an access road to the Park Handlowy Bielany in Wrocław, which is currently being extended.