News

Interior design

Remodelling of CH Batory completed

schedule 02 September 2014
Aneta Cichla

POLAND Work has now been completed on the refurbishment of the interiors and façade of the Batory shopping centre in Gdynia.

Retail & leisure

Third Stop.Shop opens in Kętrzyn

schedule 02 September 2014

POLAND Immofinanz Group has opened its third Stop.Shop strip mall in Poland.

City Service Grupa Techniczna wins Galeria Warmińska contract

schedule 02 September 2014
Aneta Cichla

POLAND City Service Grupa Techniczna (CSGT) has been selected as the facility manager of Galeria Warmińska in Olsztyn.

Retail & leisure

First few tenants in Liwa

schedule 02 September 2014
Aneta Cichla

POLAND The first few tenants have signed up for space in the Liwa shopping centre in Kwidzyn – a project planned by the Inbap FIZAN fund.

Retail & leisure

Large mall to open in conflict-torn Ukraine

schedule 02 September 2014
Rafał Ostrowski
journalist

UKRAINE The Prospect shopping centre in Kyiv is set to open on September 25th, the project’s developer Arricano Real Estate has announced.

CEE markets co-determine Auchan’s H1 surge

schedule 02 September 2014
Agata Kłapeć

EUROPE/CEE REGION In H1 2014, French grocer Auchan has posted a healthy growth, driven mostly by its Eastern European and Chinese operations. From running a total of 1,006 hyper- and 2,746 super- markets around the globe, Groupe Auchan generated a consolidated revenue incl. tax of EUR 31.2 bln, up 4.7 pct y-o-y.

Office & mixed-use development

Skanska signs first tenant for Bucharest office development

schedule 02 September 2014
Agata Kłapeć

ROMANIA French pharmaceutical company Sanofi has leased app. 2,200 sqm of space in the second building of the Green Court Bucharest office complex in Bucharest, becoming its first tenant. The company plans on moving into the Skanska development’s Building B in June 2015.

Investment & finance

Mint Investments buys Astra and Euro

schedule 02 September 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC Mint Investments has announced the acquisition of Palác Euro and Palác Astra in Wenceslas Square (Václavské náměstí) in Prague for EUR 40 mln.

Warehouse & industrial

Segro takes more Action in Nadarzyn

schedule 02 September 2014
Nathan North
managing editor (English section)

POLAND Polish IT and household appliances and electronics distributor Action has leased an additional 2,000 sqm in Segro Logistics Park Warsaw, Nadarzyn, bringing the total area it occupies up to 14,000 sqm.

Retail & leisure

Estonian book retailer builds cinema chain

schedule 02 September 2014
Agata Kłapeć

ESTONIA Estonian cinema operator Apollo Cinema is purchasing Solaris Property Partners-owned Solaris Cinema, a seven-screen cinema in the Solaris shopping center in Tallinn.

Redan secures investor for Textilmarket

schedule 01 September 2014
Aneta Cichla

POLAND Clothing group Redan has signed an investment contract to sell a minority stake in Adesso – the owner of the Textilmarket chain of discount stores.

GDDKiA announces S7 tenders

schedule 01 September 2014
Aneta Cichla

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has announced tenders for the construction of two sections of S7 expressway between Koszwały and Nowy Dwór and between Nowy Dwór Gdański and Kazimierzów near Elbląg.

Construction

Work progresses on Bydgoszcz station

schedule 01 September 2014
Aneta Cichla

POLAND After three months of work, Budimex and Lech have laid the foundation stone for the new railway station in Bydgoszcz.

Technology

Marriott and MIT work on guest-connecting LinkedIn-powered solution

schedule 01 September 2014
Agata Kłapeć

WORLD Hotel giant Marriott has joined forces with the researchers of the Massachusetts Institute of Technology to develop Six Degrees, an app-based social and business networking system that allows hotel guests to find and meet their future business partners as well as old work and university mates staying at the Marriott hotels.

Investment & finance

Asbud takes over Karolkowa Business Park

schedule 01 September 2014
Rafał Ostrowski
journalist

POLAND Israeli development group Asbud has become the sole owner of Karolkowa Business Park in Warsaw’s Wola district.

Residential

PHN partners up with mLocum for Port Rybacki

schedule 01 September 2014
Rafał Ostrowski
journalist

POLAND Polish state-owned investor PHN acting through its subsidiary Dalmor has reached an agreement with developer mLocum regarding the construction of the Port Rybacki residential project in Gdynia.

Romanian construction permits on decline

schedule 01 September 2014
Agata Kłapeć

ROMANIA In July, the number of construction permits granted for residential buildings in Romania dropped by 7.5 pct y-o-y, and 0.4 pct month-over-month, says the country’s National Institute of Statistics.

Warehouse & industrial

Viktória Park Logistics Centre with new tenant

schedule 01 September 2014
Agata Kłapeć

HUNGARY Zagreb-headquartered logistics and distribution company Orbico has leased out 6,000 sqm of industrial space in Viktória Park Logistics Centre located just outside of Budapest.

Investment & finance

Israeli developer sees increased rental income in Russia, profit dips

schedule 01 September 2014
Agata Kłapeć

RUSSIA AFI Development, a Russian subsidiary of the Israeli-based Africa Israel Investments development and construction holding, has seen a 9 pct y-o-y increase in rental and hotel operating income in the first half of the year, to US 74.8 mln (EUR 56.9 mln). However, the company’s revenues plunged to US 76.2 mln (EUR 58 mln), compared to US 123.9 mln (EUR 94.3 mln) in H1 2013.

Global City Holdings profits up to EUR 13.9 mln

schedule 01 September 2014
Rafał Ostrowski
journalist

POLAND The net profit of Global City Holdings (formerly Cinema City International) for the first half of the year increased to EUR 13.9 mln from EUR 8.1 mln in H1 2013.

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