News

Orco suffers losses as German unit is sold

schedule 04 June 2014
Nathan North
deputy editor

CEE REGION Orco Property Group has recorded a net loss of EUR 53.4 mln for the first quarter.

Innovations sale secured

schedule 04 June 2014
Nathan North
deputy editor

ROMANIA Secure Property Development & Investment has completed the acquisition of the Innovations logistics park in Bucharest from Myrian Nes and Theandrion Estates for EUR 12.6 mln.

Construction

Making way for new Warsaw West station

schedule 04 June 2014
Tomasz Szpyt-Grzegórski

POLAND The preparation work has started for the construction of an office complex and the new Warszawa Zachodnia (Warsaw West) railway station.

Media Expert aiming to take over Avans

schedule 04 June 2014
Aneta Cichla

POLAND Terg, the owner of the Media Expert chain of electronic goods stores, has submitted a proposal for the acquisition of Domex (the owner of the Avans chain) to official receiver of the latter company.

Retail & leisure

Immofinanz introduces new format to Stalowa Wola

schedule 04 June 2014
Aneta Cichla

POLAND Austrian developer Immofinanz Group has obtained a building permit for the construction of a shopping centre in Stalowa Wola.

Mostostal Kraków to extend airport in Szymany

schedule 04 June 2014
Tomasz Szpyt-Grzegórski

POLAND Mostostal Kraków, a subsidiary of Budimex, has been chosen to be the contractor for the redevelopment of the runway of Szymany airport near Olsztyn.

Retail & leisure

Two new faces in Nova Park

schedule 04 June 2014

POLAND KiK and Quiosque stores are to open in the Nova Park shopping centre in Gorzów Wielkpolski.

Office & mixed-use development

Bolero Office Point I fully leased

schedule 04 June 2014
Ewa Andrzejewska

POLAND Polska Spółka Gazownictwa is to move into the first stage of the Bolero Office Point complex on ul. Równoległa in Warsaw’s Włochy district.

Investment & finance

Griffin buys more land in Wola

schedule 04 June 2014
Tomasz Szpyt-Grzegórski

POLAND Griffin Group has bought two plots at auction from Zakłady Graficzne Dom Słowa Polskiego in Warsaw's Wola district close to the city centre.

Property and Facility Management

Technical manager for GreenWings Offices

schedule 04 June 2014
Aneta Cichla

POLAND City Service Grupa Techniczna is to provide facility management services for the GreenWings Offices building in Warsaw, which is owned by Okre Development.

Office & mixed-use development

Latest stage of Browar Lubicz set to be launched

schedule 04 June 2014
Tomasz Szpyt-Grzegórski

POLAND Balmoral Properties is starting the presales of apartments in the second stage of its Browar Lubicz estate.

Investment & finance

Biedronka to buy MarcPol stores

schedule 04 June 2014
Aneta Cichla

POLAND The Office of Competition and Consumer Protection (UOKiK) has ruled that the acquisition of eleven MarcPol supermarkets by Jeronimo Martins Polska (the owner of the Biedronka chain) would not have a significant negative anti-competitive influence on the market.

Warimpex loses out on falling ruble

schedule 03 June 2014
Rafał Ostrowski
journalist

EUROPE Warimpex has recorded a EUR 7.6 mln loss for the first quarter of this year.

Vihodnoy mall to open in Lyubertsy

schedule 03 June 2014
Rafał Ostrowski
journalist

RUSSIA Brack Capital Real Estate is planning to open the Vihodnoy shopping centre in Lyubertsy, 3 km from the Moscow Ring Road, south east of the capital city, in the second quarter of 2015.

Investment & finance

HB Reavis closer to buying Arkády

schedule 03 June 2014
Rafał Ostrowski
journalist

CZECH REPUBLIC The city of Hradec Králové has given Slovakian developer HB Reavis its consent for buying the local Arkády shopping centre project from German developer ECE.

Green projects

Capital Square and R70 win gold

schedule 03 June 2014
Rafał Ostrowski
journalist

HUNGARY Capital Square and R70 in Budapest have been awarded LEED 'Gold' certification for existing buildings.

Echo companies issue PLN 84 mln of bonds

schedule 03 June 2014
Aneta Cichla

POLAND Three subsidiaries of Echo Investment have issued ten-year bonds with a combined value of PLN 84 mln. Projekt Echo–70 has issued bonds worth PLN 44 mln, while Echo–Arena and Echo–SPV 7 have issued PLN 4 mln and PLN 36 mln respectively.

Construction

Environmental fund HQ to be built in Łódź

schedule 03 June 2014

POLAND Skanska has been awarded a contract for the construction of the head office of the Provincial Fund for Environmental Protection and Water Management (WFOŚiGW), which is to be built on ul. Dubois in Łódź.

Investment & finance

HB Reavis signs contract for refinancing Gdański Business Center

schedule 03 June 2014

POLAND HB Reavis has concluded a loan agreement with Bank Zachodni WBK and BNP Paribas for the refinancing of the Gdański Business Center project (building 'A') in Warsaw.

Investment & finance

PGZ arms itself with property

schedule 02 June 2014
Tomasz Szpyt-Grzegórski

POLAND State-owned company Polska Grupa Zbrojeniowa (PGZ), as well as companies from its own armaments sector, will also include businesses operating on the real estate market.

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