News

Retail & leisure

Starbucks debuts in Romanian offices

schedule 22 July 2014

ROMANIA Starbucks has leased 200 sqm in Novo Park, an office complex located in the northern part of Bucharest, as the US coffee shop chain is entering Romanian office buildings.

Office & mixed-use development

Intel expands its lease in Gdańsk

schedule 22 July 2014
Agata Kłapeć

POLAND Intel has extended its existing 3,500 sqm lease deal for the office space in Allcon@park in Gdańsk by additional 1,100 sqm, the business park's developer informed.

Echo to develop luxury estate in Kraków

schedule 22 July 2014
Rafał Ostrowski
journalist

POLAND Echo Investment plans on developing a residential complex in Stare Dębniki near the Main Square (Rynek Główny) in Kraków. The construction work for the estate, comprised of 53 luxury apartments, is scheduled to start this autumn.

Retail & leisure

Wola Park begins to grow

schedule 22 July 2014
Tomasz Szpyt-Grzegórski

POLAND The preparation has started for Wola Park’s extension, a move that will turn the shopping centre into Warsaw’s second largest shopping mall. By the end of next year, Wola Park is set to be 17,500 sqm larger, offering 77,500 sqm of space in total.

Strabag to construct EUR 300 mln steel plant in Russia

schedule 21 July 2014
Rafał Ostrowski
journalist

RUSSIA Strabag has signed a EUR 300 mln contract with Russian metallurgical company Tulachermet to construct a steel mill and a rolling mill in Tula, app. 200 km south from Moscow.

Warehouse & industrial

Chemical giant completes first stage of Wrocław construction

schedule 21 July 2014
Agata Kłapeć

POLAND The world’s largest chemical manufacturer BASF has started production in its new, 40,000 sqm catalytic converter plant in Środa Śląska near Wrocław after it finished the first stage of the EUR 150 mln development.

Warehouse & industrial

German warehousing expert sets up CEE plant

schedule 21 July 2014

CZECH REPUBLIC Germany-based industrial truck manufacturer Kion Group plans on opening a 20,000 sqm plant which will house app. 200 employees in Pilzeň in the Czech Republic as warehousing burgeons across the CEE region.

Another Peakside building BREEAM-certified

schedule 21 July 2014
Tomasz Szpyt-Grzegórski

POLAND Poznań Financial Centre, an office building owned by Peakside Polonia Management, has been granted a BREEAM In-Use certificate.

Russian LSR records 67 pct sales growth in H1

schedule 21 July 2014
Rafał Ostrowski
journalist

RUSSIA In the first half of the year, St Petersburg-based developer LSR Group has seen a 67 pct y-o-y increase in residential sales.

Retail & leisure

McDonald’s to open new restaurants in Ukraine

schedule 21 July 2014
Rafał Ostrowski
journalist

UKRAINE McDonald's plans on opening three to four new restaurants in Ukraine by the end of the year, which would increase the total number of its Ukrainian restaurants to 83 to 84.

Office & mixed-use development

Brown Brothers expands in Orange Office Park

schedule 21 July 2014
Rafał Ostrowski
journalist

POLAND Financial services company Brown Brothers Harriman has extended its office space lease in Orange Office Park in Kraków by 2,000 sqm, to 6,800 sqm.

Residential

Unibep to build Miasto Wola

schedule 21 July 2014
Tomasz Szpyt-Grzegórski

POLAND Unibep has signed a PLN 22 mln contract for constructing the first stage of Miasto Wola, a residential development in Warsaw.

Warsaw office space sees healthy growth

schedule 18 July 2014

In the first half of the year, the total supply of modern office space in Warsaw stood at 4.3 mln sqm, growing by 190,300 as compared with Q4 2013, while in Q2 2014 alone, 105,900 sqm of the new space appeared on the market, informed the Warsaw Research Forum

Investment & finance

Retail drives commercial property yields in Europe

schedule 18 July 2014

EUROPE/ CEE REGION In Q2 2014, European all-property yield rate has dropped by seven basis points, while the biggest changes occurred in the high street retail and shopping centre sectors, falling by 11 bps and 16 bps respectively, according to a survey by CBRE.

Hotels

Orco-owned Mamaison hotels change hands

schedule 18 July 2014
Agata Kłapeć

CEE REGION Prague-based hotelier CPI Hotels, a part of the Czech investment group CPI, has become an operator for ten Orco Property Group-owned hotels located across the Czech Republic, Slovakia, Poland, Hungary and Russia, nine of which have been forming a regional chain, Mamaison.

Office & mixed-use development

Łódź soldiers on with Brama Miasta

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND Hanna Zdanowska, the mayor of Łódź, has presented a new schedule for the development of the Brama Miasta office building.

Architecture and urban planning

Design for Małachowskiego Square in Warsaw chosen

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND A team comprising Grzegorz Stiasny, Jakub Wacławek, Jan Bagiński, Filip Dzimwasha, Adam Kluczek and Karolina Kuczyńska has won the second prize in the competition – and a recommendation for the implementation of the design – for the renovation of pl. Małachowskiego in Warsaw. A first prize has not been awarded.

Residential

Matexi to begin seventh Warsaw estate

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND The construction of Matexi’s seventh project in Warsaw is to start soon. The Staffa 9 residential building will be situated on a third of a hectare plot in Warsaw’s Bielany district, near the Słodowiec underground station.

Investment & finance

European bonanza? Banks to offload EUR 584 bln to non-core real estate

schedule 17 July 2014
Agata Kłapeć

EUROPE/ CEE REGION 46 European banks and asset management agencies have a gross exposure of EUR 584 bln to non-core real estate which is subject to disposal or work-out strategies, according to the latest research by Cushman & Wakefield.

Challenging H1 on Ukrainian retail market

schedule 17 July 2014
Rafał Ostrowski
journalist

UKRAINE During the first half of 2014, 45,000 sqm of retail space was added to the total stock in the Ukrainian capital, according to research by DTZ.

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