News

Retail & leisure

Four new tenants in Gliwice shopping mall

schedule 07 July 2014
Aneta Cichla

POLAND Arrangements works are now taking place in the four new stores that will soon open in Europa Centralna, a shopping mall in Gliwice. The stores, including Fabryka Dywanów Welton, will jointly take up over 890 sqm.

Residential

Acciona Nieruchomości to invest in Wilanów

schedule 07 July 2014

POLAND Acciona Nieruchomości has announced a new project in Warsaw’s Miasteczko Wilanów. The Moja Atmosfera complex will consist of a residential part facing al. Rzeczypospolitej and a building on ul. Klimczaka destined for service providers.

Investment & finance

Okam eyes large land plot in Praga

schedule 07 July 2014
Tomasz Szpyt-Grzegórski

POLAND The Polish-Israeli developer Okam is interested in purchasing a 4.3-h plot of land in Warsaw district of Praga. Located on ul. Szwedzka, the parcel has formerly housed Pollena Uroda’s manufacturing facilities. It could now accommodate nearly 1,000 apartments and some office space.

Retail & leisure

JHM Development invests in retail space

schedule 07 July 2014

POLAND A Mirbud-owned company, JHN Development, will develop a 3,000-sqm retail facility in the city of Rumia. Mirbud, the project’s general contractor, has already broken ground at the construction site.

Construction

Totalbud to erect residential estate in Mokotów

schedule 07 July 2014
Aneta Cichla

POLAND Totalbud will be general contractor for a new residential building on ul. Pory in Warsaw, developed by a social housing association, Warszawa Południe. The value of the contract, signed after the so-called “design and construct” bidding procedure, amounts to app. PLN 9.7 mln.

Investment & finance

Blackstone acquires CEE logistics portfolio

schedule 07 July 2014
Eurobuild CEE

CEE REGION The US real estate giant Blackstone has acquired six logistics and distribution parks, located across Poland and the Czech Republic, from Pramerica Real Estate Investors. Meanwhile, Blackstone's logistics platform, Logicor, has bought a portfolio of European logistics facilities, including a Hungarian warehouse.

Construction

Budmont enters Wikana site in Lublin

schedule 07 July 2014
Aneta Cichla

POLAND Budmont Sebastian Lipiec, a general contractor, is entering the construction site of Osiedle Marina in Lublin. Work on the residential project has been commissioned by its developer, Wikana.

CBRE Hungary with new department

schedule 07 July 2014
Rafał Ostrowski
journalist

HUNGARY The Hungarian office of CBRE has launched a new business line, Asset Services.

Point leases space in Newton Plaza

schedule 07 July 2014
Rafał Ostrowski
journalist

RUSSIA Moscow-based software distributor Point has leased 730 sqm at the Newton Plaza business centre on Nagatinskiy St. in Moscow.

Hotels

Best Western to open at Kraków airport

schedule 05 July 2014
Aneta Cichla

POLAND Real estate developer Doctor Q Bud will build a new, Best Western-branded hotel at Kraków-Balice airport. The project is now undergoing the final phase of designing and planning. Best Western Balice Airport Kraków is scheduled to open in the first half of 2016.

Wikana exits commercial projects

schedule 04 July 2014
Aneta Cichla

POLAND In order to better concentrate on residential construction, the Lublin-based developer Wikana, has sold its commercial property in Krasnobród for PLN 4.2 mln. The mini-mall housed a Biedronka store and a few smaller retailers. The new owner is a private person, specialized in running retail facilities.

Construction

Small residential project kicks off in Bemowo

schedule 04 July 2014
Tomasz Szpyt-Grzegórski

POLAND Ground has been broken for a small residential project developed in Warsaw’s Bemowo district by Tynkbud-1.

Office & mixed-use development

DomExpo gets 12,500 sqm conference facility

schedule 04 July 2014
Aneta Cichla

The under-construction DomExpo centre in Warsaw will be extended by a 12,500 sqm conference building, located in the project’s direct vicinity.

Raben signs 37,000 sqm Prologis deal

schedule 03 July 2014
Rafał Ostrowski
journalist

POLAND Raben Polska, the European provider of logistics services, has signed the new lease agreements concerning a total of 37,000 sqm of space at the Prologis parks in Wrocław and Chorzów.

Pactera comes to Dorottya Udvar

schedule 03 July 2014
Rafał Ostrowski
journalist

HUNGARY China-based IT consultancy firm Pactera has leased 600 sqm in the Dorottya Udvar office building on Budapest's Bocskai út.

Warehouse & industrial

Goodman develops Karków warehouses

schedule 03 July 2014
Rafał Ostrowski
journalist

POLAND Goodman has started the construction of a 11,000 sqm warehouse at Kraków Airport Logistics Centre.

Construction

CTP breaks ground on Brno retail site

schedule 03 July 2014

CZECH REPUBLIC CTP is moving into the sector with the development of a 70,000 sqm retail park in Brno’s Modřice district.

Mirbud wins two new contracts

schedule 03 July 2014
Aneta Cichla

POLAND Mirbud, the Polish construction company, will carry out two new projects worth a gross total of PLN 50 mln.

Investment & finance

Wilanów development gets EUR 61 mln funding

schedule 03 July 2014
Aneta Cichla

POLAND Capital Park, the investor of the Royal Wilanów office project, located at the junction of ul. Klimczaka and ul. Przyczółkowa in Warsaw, has got a loan from PKO BP to further develop the project. “We have reached the required level of commercialization of the facility, and met the requirements over our deposit, which has paved the way for us to get the first tranche of funding. The total amount of the loan granted by PKO Bank Polski amounts to EUR 61.1 mln,” informed Michał Majewski, treasury manager of Capital Park.

Investment & finance

Sołowow selling off Echo Investment?

schedule 03 July 2014
Ewa Andrzejewska

POLAND Michał Sołowow, the founder and biggest shareholder in Echo Investment, has put his nearly 46 pct stake in the Kielce-based company up for sale. The shares were offered for sale by London branch of Citi. Neither Echo Investment nor Sołowow himself have commented on the news. While Sołowow didn’t find time to answer our questions for over a week, we have confirmed with three independent market sources that the offering is now on.

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