News

CA Immo sells off stake in UBM

schedule 14 July 2014

CEE REGION Austrian real estate investor CA Immo is selling its 25 pct stake in the Austrian development company UBM to Porr AG to strenghten its focus on the core business, the company informed.

Moscow sees record shopping centre completions

schedule 14 July 2014
Rafał Ostrowski
journalist

RUSSIA In the first half of the year, 242,000 sqm of new completions recorded on Moscow’s retail market, the highest result since 2009, according to research by JLL.

Retail & leisure

Łacina becomes Posnania

schedule 14 July 2014
Aneta Cichla

POLAND Apsys Polska and Foncière Uris have started the construction of a new shopping centre in Poznań. The mall, formerly known as Łacina, will now be named Posnania.

Retail & leisure

Work starts on Dekada Malbork

schedule 14 July 2014
Tomasz Szpyt-Grzegórski

POLAND Construction work on Dekada Malbork is to start before the end of July.

Investment & finance

Offices of former ‘Rzeczpospolita’ publisher up for sale

schedule 14 July 2014
Tomasz Szpyt-Grzegórski

POLAND State-owned company Przedsiębiorstwo Wydawnicze Rzeczpospolita (PWR) has put up for sale the plot that includes a tenement building where its office is located.

Residential

Rezydencja Konstancińska to be built in Sadyba

schedule 14 July 2014
Tomasz Szpyt-Grzegórski

POLAND Construction work on the Rezydencja Konstancińska apartment building, which is to be built on ul. Konstancińska in Warsaw’s Sadyba district, is to start in July.

Property and Facility Management

KSO to manage Szczecin sports hall

schedule 14 July 2014
Aneta Cichla

POLAND KSO, which is owned by VES (part of the TRIAS group), has been awarded a three-year contract for the management of a newly-built sports and entertainment hall in Szczecin.

Gant can’t even afford to be bankrupt

schedule 14 July 2014
Tomasz Szpyt-Grzegórski

POLAND The Wrocław bankruptcy court has dismissed Gant Development’s case for bankruptcy open to arrangements.

Hotels

Marriott to open two first hotels in Sarajevo

schedule 14 July 2014
Agata Kłapeć

BOSNIA AND HERZEGOVINA Marriott will open its first Courtyard hotel in Bosnia and Herzegovina next year. The 130-room facility is scheduled to open in mid-2015 in Sarajevo. This will be Marriott International’s second venture in the country after it launches its Residence Inn Sarajevo in early 2015.

Russian real estate investment hit USD 1.4 bln in H1

schedule 14 July 2014
Rafał Ostrowski
journalist

RUSSIA In the first half of the year, the Russian real estate investment volumes have amounted to USD 1.4 bln, a 59 pct y-o-y drop, according to a study conducted by JLL.

Office & mixed-use development

MSD to take up 90 pct of Riverview

schedule 14 July 2014
Rafał Ostrowski
journalist

CZECH REPUBLIC American pharmaceutical company MSD has leased 6,200 sqm in the Riverview office building being developed by Skanska Property in Smíchov in Prague 5.

Office & mixed-use development

Adgar finds new tenant for Służewiec building

schedule 11 July 2014
Aneta Cichla

POLAND Adgar Plaza A, an office building located on ul. Postępu in Warsaw, is now fully leased. Its owner has found a new tenant, Geodis, which will take up 700 sqm of space on the 6th floor of the ten-storey building.

Griffin with EUR 200 mln to lend

schedule 11 July 2014
Tomasz Szpyt-Grzegórski

POLAND Griffin Group has just closed its EUR 200 mln debt fund. The investment group, known for its opportunistic approach towards new purchases and a long record of large developments in Poland, will now be competing with banks by lending money to the real estate borrowers.

Investment & finance

Czech investment up 36 pct in H1 – CBRE

schedule 11 July 2014
Nathan North
deputy editor

CZECH REPUBLIC Total investment volumes in Czech real estate increased by 36 pct y-o-y in the first half of the year to EUR 673 mln, according to CBRE.

Office & mixed-use development

Castle Square development changes its looks

schedule 11 July 2014
Aneta Cichla

POLAND Senatorska Investment, the developer of Plac Zamkowy – Business with Heritage, an office building located at the landmark Castle Square in Warsaw, has introduced some cosmetic changes to the building’s design to make it better harmonized with the historical surroundings.

Residential

Port Praski gains momentum

schedule 11 July 2014
Aneta Cichla

POLAND Work on the Park Praski project, which is being developed in Warsaw by the same-named company, might considerably accelerate as its developer hopes to start the construction of another 18 buildings later this year.

Retail & leisure

Sports Direct to open in enlarged Wrocław mall

schedule 11 July 2014
Aneta Cichla

POLAND The customers of Bielany Retail Park in Wrocław, which is currently being extended, will soon be able to shop also at Sports Direct. The British sports retailer has just leased from Inter IKEA Centre Group Poland a 1,870 sqm store where it will move into after the extension work completes.

Six new tenants in Moscow Fashion House

schedule 11 July 2014
Rafał Ostrowski
journalist

RUSSIA Six brands have recently joined the list of tenants at the Fashion House Outlet Centre in Moscow. They will occupy almost 1,000 sqm in total.

Kapelanka 42 nears completion

schedule 11 July 2014
Rafał Ostrowski
journalist

POLAND Building B of Kapelanka 42, an office complex in the district of Pogórze in Kraków, has received an official occupancy permit.

Retail & leisure

Olsztyn Aura keeps six tenants

schedule 10 July 2014
Ewa Andrzejewska

POLAND Six tenants have decided to stay in the Aura Centrum Olsztyna shopping centre for another five years.

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