News

Construction

Galeria Dębiec reaches shell stage

schedule 11 August 2014
Aneta Cichla

POLAND A shopping centre project by RED – Real Estate Development in Poznań under the name of Galeria Dębiec has now reached the shell stage.

Residential

Ronson ambitious for rest of year

schedule 11 August 2014
Agata Kłapeć

POLAND In the first half of the year Ronson sold 416 units – a 41-pct y-o-y increase. By the end of the year the company expects to hand over 200 more apartments to buyers and increase the speed of sales to reaches a level of app. 650 contracts signed.

Construction

Vantage signs Karmar contract

schedule 11 August 2014
Aneta Cichla

POLAND Vantage Development, via its subsidiary Centauris II IPD Invest, has awarded two contracts to Karmar for construction work and general contractor services for subsequent stages of the Centauris residential project in Wrocław.

Three companies to compete for Wrocław Świebodzki

schedule 08 August 2014
Aneta Cichla

POLAND Three entities: Archicom along with two consortia, the first of which involves Anguloa Trading Limited and TriGranit Development Polska and the other one - Reavis Poland and Polcom Investment XII, have passed onto the second stage of tender for modernizing and renovating Wrocław Świebodzki.

Five-year warehouse record in Moscow region

schedule 08 August 2014
Rafał Ostrowski
journalist

RUSSIA In the first six months of this year the Moscow warehouse market expanded by 700,000 sqm – the best result for this period over the past five years, according to report by Colliers International.

Czech apartment constructions soar in June

schedule 08 August 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC In June 2014, construction of residential units started in the Czech Republic in June 2014 jumped by 45 pct y-o-y to 2,434 dwellings, according to the Czech Statistical Office (ČSÚ).

Relax, it’s on the house!

schedule 08 August 2014
Agata Kłapeć

HUNGARY Hungary’s central bank (MNB) has found an interesting way to support the country’s recovering real estate market. After what must have been extremely hard bargaining, it has bought a four-star rural residence worth EUR 2.9 mln for over EUR 1.3 mln to pamper its employees, reports the ‘Wall Street Journal.’

Arco Vara sees 57 pct drop in H1

schedule 08 August 2014

CEE REGION Estonian developer Arco Vara, which also actively operates in Latvia and Bulgaria, has posted below expectations H1 results as the Group’s operational revenues reached EUR 2.2 mln, a 57 pct drop y-o-y, and its development services income decreased by 80 pct.

Office & mixed-use development

Silesia Business Park keeps growing

schedule 07 August 2014
Rafał Ostrowski
journalist

POLAND Skanska Property Poland has started the construction of the second building of Silesia Business Park on ul. Chorzowska in Katowice.

25 pct vacancy in class ‘A’ Moscow offices

schedule 07 August 2014
Rafał Ostrowski
journalist

RUSSIA The amount of vacant space in Moscow’s class ‘A’ offices at the end of H1 reached 25 pct, due to the strong level of new supply coupled by lower leasing activity, according to a research by Colliers International.

Warehouse & industrial

Globalworth takes over Timişoara industrial park

schedule 07 August 2014

ROMANIA Guernsey-based real estate investment company Globalworth has acquired Timişoara Airport Park, a light industrial complex owned by Invest4SEE and located near the Traian Vuia International Airport northeast of Timişoara, for EUR 35 mln.

Office & mixed-use development

Garvest wants to start building P4 this year

schedule 07 August 2014
Rafał Ostrowski
journalist

POLAND Garvest Real Estate is planning to start the construction of the P4 office complex in Warsaw’s Służewiec district this year, with the completion scheduled for the first quarter of 2016.

Retail & leisure

Russian mall pipeline bigger than rest of Europe

schedule 07 August 2014
Rafał Ostrowski
journalist

RUSSIA Over 5 mln sqm of new shopping centre space was under construction across Russia in H1 2014, according to research by CBRE.

Construction

RD Bud wins Petit Forestier contract

schedule 06 August 2014
Aneta Cichla

POLAND RD Bud is to build facilities in Bronisze and Ruda Śląska for Petit Forestier, which specialises in the rental of refrigerated vehicles.

Budimex to build S7 section

schedule 06 August 2014
Aneta Cichla

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has chosen a bid by a consortium of Budimex (95 pct) and Ferrovial Agroman (5 pct) in the tender to select the contractor of S7 expressway in Jędrzejów on the boundary of the Świętokrzyskie and Małopolskie provinces.

Office & mixed-use development

Work launched on Hala Koszyki

schedule 06 August 2014
Tomasz Szpyt-Grzegórski

POLAND Griffin Group has obtained a final building permit for the reconstruction of Hala Koszyki in the centre of Warsaw.

Interior design

Crystal forest planted in Dom Mody Klif

schedule 06 August 2014
Aneta Cichla

POLAND A refurbished Swarovski cut-crystal store has been opened in Dom Mody Klif in Warsaw.

Mostostal Warszawa wins Chorzów contract

schedule 06 August 2014
Tomasz Szpyt-Grzegórski

POLAND Mostostal Warszawa has been awarded the contract for the construction of Centrum Nauk Stosowanych (CNS) [the Centre of Applied Sciences] in Chorzów.

Inpro does better than a year ago

schedule 06 August 2014
Aneta Cichla

POLAND In the first seven months of 2014, Inpro signed a net total of 243 preliminary contracts to sell apartments – 35 pct more than the same period last year.

Residential

Spirited second attempt at Polish residential project

schedule 06 August 2014
Aneta Cichla

POLAND Villa Juliette, the construction of which has started in Warsaw’s Bemowo district, is to be the first residential project of French group Spirit in Poland.

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