News

Investment & finance

Building permit for Galeria Północna in the autumn

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

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

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

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

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

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

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.

Mirbud wins Panattoni contract

POLAND A subsidiary of Panattoni Europe, Plc Poland 12, has awarded Mirbud the contract for the construction of a warehouse and office building on ul. Elbląska in Gdańsk forming part of the Panattoni Park Gdańsk warehouse and logistics complex.

More management contracts for Colliers

POLAND in the first six months of this year, Colliers International expanded its management portfolio with another ten properties.

Investment & finance

LPP chain shows dynamic growth

POLAND In the first half of the year, Polish clothing group LPP opened 168 new stores bringing the total operated under its brands up to 1,488.

Asset growth for MLP Group

POLAND The built and leased warehouse area owned by MLP Group increased to 345,900 sqm over the first six months of this year. In this period the company an area of 44,200 sqm was added to its portfolio.

Interior design

Face-lift for Ryłko in Focus Mall

POLAND A renovated Ryłko footwear store has been re-opened in Focus Mall Zielona Góra. As a result of the renovations its sales hall has been extended at the cost of its backroom.

Retail & leisure

Devred 1902 enters Polish market

POLAND French men’s clothing and footwear brand Devred 1902 is opening its first store in Poland. It has chosen the Wola Park shopping centre in Warsaw to be the location of its first opening.

Retail & leisure

Bricomarché extends cooperation with Echo

POLAND A Bricomarché DIY store is to form part of the Echo shopping centre in Przemyśl. In November the tenant, which belongs to the Grupa Muszkieterów group, is to take over a 4,000 sqm unit from Nomi.

Investment & finance

Złota 44 sold to BBI and Amstar for EUR 63 mln

POLAND Orco Property Group has sold the Złota 44 residential skyscraper project in central Warsaw to a joint venture between Polish developer BBI Development and Denver-based investment manager Amstar for EUR 63 mln.

Call for the Eurobuild Awards 2014 jury members

Investment & finance

ING and Nordea provide EUR 174 mln for Blackstone

POLAND/CZECH REPUBLIC ING Bank Śląski has acted as the lead arranger for a EUR 174 mln term loan for LogiCor, Blackstone’s European logistics platform, to finance its recent acquisition of a logistics portfolio from Pramerica Real Estate Investors.

Redan increases turnover but suffers losses

POLAND The turnover of retail group Redan, the owner of the Top Secret, Troll and Drywash brands as well as the TextilMarket discount chain, amounted to PLN 226.2 mln in the first six months of the year, a 7.3 pct y-o-y increase.

Construction

General contractors for Staffa 9 and Kolska od Nowa

POLAND Belgian developer Matexi Polska has chosen general contractors for two Warsaw residential projects: Staffa 9 and Kolska od Nowa.

Lower vacancy in Wrocław – for now

POLAND According to the ‘Office Market in Wrocław Q2 2014’ report prepared by Knight Frank, the vacancy rate on the Wrocław office market in Q2 averaged 9.9 pct, falling from the 12.8 pct registered in the previous quarter. It was also the best figure in the last five quarters.