News

Kleba Invest not only building but selling

schedule 09 July 2014
Aneta Cichla

POLAND Kleba Invest, a developer of small retail facilities, has sold one of its properties.

Retail & leisure

New sporty concept for Karawela

schedule 09 July 2014
Aneta Cichla

POLAND The Karawela company, which originally planned to develop the Karawela mall (40,000 sqm) on Trasa Bydgoska in Toruń before changing to the concept to a retail park combined with an outlet centre, has now introduced new features to the concept of the planned centre.

Eiffage receives PLN 26 mln contract in Kraków

schedule 09 July 2014
Rafał Ostrowski
journalist

POLAND Eiffage Polska Budownictwo has been appointed the general contractor for the residential project developed by Skarbiec Nieruchomości 5 on ul. Kapelanka in Kraków. The value of the contract reaches PLN 26 mln.

Office & mixed-use development

Kellogg’s comes to Floreasca Park

schedule 09 July 2014
Rafał Ostrowski
journalist

ROMANIA US cereals manufacturer Kellogg’s has signed a 2,500 sqm lease for office space in Floreasca Park in Bucharest, according to local media.

EFH faces repudiation of PKO BP loan

schedule 09 July 2014
Aneta Cichla

POLAND Hotel operator Europejski Fundusz Hipoteczny (EFH) will have to repay its PKO BP loan. The bank has just repudiated its investment loan contract with the EFH's subsidiary, Masuria Hotel. The loan was supposed to finance the repayment of liabilities and extension of a hotel facility in Worliny.

Echo issues another tranche of bonds

schedule 09 July 2014
Aneta Cichla

POLAND Warsaw-listed developer Echo Investment has issued another tranche of its public bonds. Series B includes 250,000 two-year bonds priced at PLN 100 (EUR 24) each.

Investment & finance

Unibep continues to support Layetana

schedule 09 July 2014
Aneta Cichla

POLAND Another stage of construction work on the Mozaika Mokotów residential devlopment, located on ul. Cybernetyki in Warsaw, will be carried out by Unibep, the companies announced.

Warehouse & industrial

Another logistics tenant in Prologis Park Wrocław

schedule 09 July 2014
Agata Kłapeć

POLAND Polish logistics operator Pst Ots Sped has leased 3,750 sqm of warehouse and office space in Prologis Park Wroclaw in Bielany Wrocławskie.

Investment & finance

Echo buys Warsaw Brewery for EUR 42 mln

schedule 09 July 2014
Tomasz Szpyt-Grzegórski

POLAND Kielce-based developer Echo Investment has acquired a plot of almost 4.4 ha in the centre of Warsaw. Situated between ul. Grzybowska, ul. Wronia, ul. Chłodna and ul. Krochmalna, the historic area that once accommodated Warsaw Brewery will now be adapted for a multi-million office and residential investment. The value of the transaction is EUR 42 mln.

Riverview plot in Kraków has new owner

schedule 09 July 2014

POLAND Real estate agency Leach & Lang has sold off a 1.5 ha land plot located on ul Bajeczna in Kraków.

Warsaw obtains EUR 240 mln loan to boost infrastructure

schedule 09 July 2014
Agata Kłapeć

POLAND The European Investment Bank (EIB) will lend EUR 240 mln (PLN 1 bln) for Warsaw municipal infrastructure projects. The funds will support the city’s 2014-2019 investment programme and contribute to creating the long-awaited mobility schemes, education, social and healthcare infrastructure as well as modernizing public and green spaces.

Property and Facility Management

Moscow mall selects manager

schedule 09 July 2014
Rafał Ostrowski
journalist

RUSSIA Real estate consultancy JLL will be the manager of the Vodny shopping centre, which is to open in August in north-western Moscow, close to the Vodniy Stadion metro station.

MOL shared services center opens in Alchemia

schedule 08 July 2014
Rafał Ostrowski
journalist

POLAND A European subsidiary of the Japanese transport company Mitsui OSK Lines, MOL Europe, has signed a five-year lease deal for 800 sqm in the Alchemia business park in Gdańsk.

Hotel occupancy in Moscow drops by 4 pct

schedule 08 July 2014
Rafał Ostrowski
journalist

RUSSIA According to the latest report by JLL, in 2014, the quality hotel market in Moscow has seen a 4-pct drop in occupancy rates (down to 59 pct) and a 1-pct drop in the ADR (now at the level of RUB 6,000). This fall can be attributed to the political turmoil in Ukraine and sanctions put on Russia as a result, the analysts write in the “Moscow Hotel Market” report.

European investment on the rise in Q2

schedule 08 July 2014
Rafał Ostrowski
journalist

CEE REGION In Q2 2014, the volume of commercial real estate investment across the Central European markets (Poland, the Czech Republic, Slovakia, Hungary and Romania) amounted to EUR 1.14 bln, which represented a 75 pct increase y-o-y, a new report by Cushman & Wakefield shows.

Office & mixed-use development

Getin finds home for its Romanian bank

schedule 08 July 2014
Agata Kłapeć

ROMANIA Romanian International Bank, a subsidiary of the Polish financial group Getin Holding, has found a place for its new headquarters. The company will lease 3,500 sqm of office space at Hermes Business Campus in Bucharest.

Architecture and urban planning

Aedas splits business in two

schedule 08 July 2014
Agata Kłapeć

UNITED KINGDOM International architecture and design company Aedas has reorganized its structure. The company’s regional offices in Russia, Poland and Kazakhstan, as well as eight British bureaus will now be operating under different brand, AHR.

Office & mixed-use development

Citi enlarges its Słuzewiec office

schedule 08 July 2014
Tomasz Szpyt-Grzegórski

POLAND Citi Service Center Poland has signed a 7,900 sqm lease contract for some extra office space in the T-Mobile Office Park complex, located in a white-collar district of Warsaw, Służewiec Przemysłowy.

Warehouse & industrial

LCP attracts another tenant for Bydgoszcz warehouse

schedule 08 July 2014
Aneta Cichla

POLAND PHUP Gniezno, the distributor of grocery products, will now have its warehouse at the Logistic & Business Park (LCP) in Bydgoszcz. The company has leased an area of 4,450 sqm from LCP’s owner, London & Cambridge Properties.

Investment & finance

BGK to provide majority of funding for Bałtyk

schedule 08 July 2014
Aneta Cichla

POLAND Bałtyk, an office and retail building in Poznań, will be mainly funded by the Polish Investments Programme, coordinated by Bank Gospodarstwa Krajowego (BGK). A portion of the funding will also come from a European initiative supporting urban development, Jessica.

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