News

Retail & leisure

Ninth Dekada centre opens

schedule 01 August 2014
Aneta Cichla

POLAND Dekada’s ninth retail facility has opened in Brodnica in the Kuyavian-Pomeranian Province).

Polimex sells another property

schedule 01 August 2014
Aneta Cichla

POLAND Polimex-Mostostal is continuing with its restructuring process through the sale of properties unrelated to the main operations of the company.

CTP to construct custom-built facility for German pipe maker

schedule 01 August 2014

ROMANIA Dutch developer CTP has signed an agreement with the German pipe manufacturer Fränkische to provide an app. 3,400 sqm custom-built facility at the CTPark Turda industrial and warehousing park in Romania worth EUR 2 mln.

Residential

Metrostav wins biggest ever one-stage residential contract

schedule 01 August 2014
Nathan North
deputy editor

CZECH REPUBLIC Central Group has chosen Metrostav to construct the Residence Garden Towers estate in what is claims is the largest tender for a residential project in the Czech history. The contract is worth more than CZK 2 bln (app. EUR 72 mln).

AMW sells 38 ha military plot in Ciechanów

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND Polish Military Property Agency (AMW) has put up for sale a 37.7 ha land plot in Ciechanów. Located on ul. Wojska Polska, app. 1.5 km from the city centre, the plot is packed with 84 military buildings.

Hotels

Zdrojowa Invest teams up with Carlson Rezidor

schedule 01 August 2014
Aneta Cichla

POLAND Carlson Rezidor Hotel Group has decided to open a five-star Radisson Blu Resort in Świnoujście as part of the Baltic Park Molo complex, developed by Zdrojowa Invest. This will be the first Radisson Blu Resort-branded hotel in Poland.

Investment & finance

Skanska wants to take over five star hotel in Warsaw

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND/EUROPE Skanska Central Europe Holding is about to take over SPS Investment, the majority stake owner of Warsaw’s Westin hotel.

Czarnecki takes over Hajdarowicz land plots in Kraków

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND Not Murapol but LC Corp, a company owned by the Polish millionaire Leszek Czarnecki, will buy a 6.4 ha Kraków land plot. The seller is the Jupiter fund, a part of the Gremi group that is owned by Grzegorz Hajdarowicz.

Construction

Underwater tunnel to link Crimea with Russia?

schedule 01 August 2014
Rafał Ostrowski
journalist

RUSSIA/UKRAINE Chinese investors have offered the Crimean authorities to build a 4 km long underwater tunnel on the bottom of the Kerch Strait. The tunnel would accommodate two-way railway tracks and a six-lane motorway.

Investment & finance

Czerwona Torebka sees improved sales in H1 2014

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND In the first half of 2014, Czerwona Torebka has managed to sell 54 units worth nearly PLN 31 mln. Their total leasable area reached 4,900 sqm, a three-fold y-o-y increase, the company informed

Bad-debt weakened Erste posts EUR 930 mln loss in H1

schedule 01 August 2014
Agata Kłapeć

CEE REGION Austrian banking group Erste has seen a EUR 929.7 mln loss in the first half of 2014 driven by the writedowns and tax regulations across the CEE markets.

OTP Group acquires Romanian Millennium Bank for EUR 39 mln

schedule 01 August 2014
Agata Kłapeć

ROMANIA Portuguese commercial bank Banco Comercial Português is selling its Romanian unit, Millennium Bank, to the Hungarian OTP Bank that operates across eight CEE markets.

Investment & finance

NEPI buys Piatra Neamț plot for mall

schedule 31 July 2014
Nathan North
deputy editor

ROMANIA South African-owned investor in the Romanian property market NEPI have announced in an annual report that it has bought a 7.4 ha site in Piatra Neamț in the north-east of the country.

Warehouse vacancy grows in Kyiv area

schedule 31 July 2014
Rafał Ostrowski
journalist

UKRAINE At the end of Q2 2014 the primary vacancy level in the warehousing sector in the greater Kyiv area amounted to 10.1 pct, representing a 5.4 pct increase on to Q1, according to research by DTZ.

Developers shift interest to smaller cities

schedule 31 July 2014
Rafał Ostrowski
journalist

POLAND In H1 2014 over half of new retail space was completed in cities with less than 100,000 inhabitants, with another 22 pct in cities with populations of between 100,000 and 200,000, according to research by DTZ.

Japanese investors choose Etalon

schedule 31 July 2014
Rafał Ostrowski
journalist

RUSSIA EtalonPromstroy, Etalon Group’s industrial construction subsidiary, has been selected by Japanese investors Unipres Corporation as the general contractor for the design and construction of a 16,000 sqm automobile components factory.

Investment & finance

CEE office yields harden in H1 2014

schedule 31 July 2014

CEE REGION The first half of the year has seen many European office rentals improving, along with the prime yields hardening in some of the CEE cities, including Bucharest (-50 bps), Budapest (-25 bps) and Prague (-25 bps), a study by Colliers International shows.

Retail & leisure

Klépierre builds multibillion retail empire

schedule 31 July 2014
Agata Kłapeć

EUROPE Paris-listed pan-European shopping centre operator Klépierre is set to acquire the Netherlands-based retail group Corio for EUR 7.2 bln. The move comes as Klépierre, which owns assets worth EUR 14 bln, aims to strengthen its position on the market and become Europe’s “leading pure-play retail property company.”

Office & mixed-use development

Salamanca Group opens Infinity Tower in Sofia

schedule 30 July 2014
Rafał Ostrowski
journalist

BULGARIA London-based investor Salamanca Group has opened the 21,000 sqm Infinity Tower office building, a part of the Bulgaria Mall complex.

Warehouse & industrial

Toyota almost doubles-up in Prologis Park Prague-Jirny

schedule 30 July 2014
Nathan North
deputy editor

CZECH REPUBLIC Toyota Tsusho Europe has leased more than 13,000 sqm of space in Prologis Park Prague-Jirny, increasing its space from the previously leased 7,500 sqm.

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