News

POLAND Hotel group Carloson Rezidor, which owns 1,340 hotels worldwide including Radisson-branded hotels, has decided to enter another Polish city, the mountain resort of Zakopane.

Residential

Shiraz starts Bielany project

POLAND Development company Shiraz III has started the construction of the Shiraz Trio estate on ul. Josepha Conrada in Warsaw’s Bielany district.

Turawa Park gains Carry

POLAND A 400 sqm Carry fashion store has opened in the Turawa Park shopping centre in Opole.

Forday Fitness in Marywilska 44

POLAND A Forday Fitness For Life club has opened in hall ‘F’ of Centrum Hal Targowych Marywilska 44 in Warsaw.

POLAND Six parties have entered the tender for the construction of Lublin’s western ring road. The project involves work on a section of the S19 expressway between the Lublin Sławinek interchange to the junction with the existing national route no. 19 in Konopnica.

More than 9,200 applications for ‘Apartments for the Young’

POLAND By the end of July Bank Gospodarstwa Krajowego had received 9,282 applications for subsidised mortgages under the ‘Apartments for the Young’ [Mieszkanie dla Młodych] programme.

Fresh faces in Millennium Plaza

Tomasz Szpyt-Grzegórski

POLAND In the first half of the year Atlas Estates leased out an area of 7,400 sqm in the Millennium Plaza office complex in Warsaw.

CCC to stay in Auchan Gdańsk

POLAND The second stage of the redevelopment of the Auchan Gdańsk shopping centre is to start early next year.

Permit for Outlet Center Białystok

POLAND A building permit has been issued for retail project being developed by Adv Por Property Investment (a subsidiary of Forum XXVIII FIZ) in Białystok.

Second stage of Impressio topped off

POLAND The five residential blocks that comprise the second stage of the Impressio estate in Wrocław have been topped off.

Romanian retail space sees slow but steady growth

Office & mixed-use development

ROMANIA Although no new shopping centre has opened in Romania in the first half of the year, the country’s modern retail space is set to increase by 350,000 sqm by the end of 2016, boosting the Romanian retail density to 158 sqm per 1,000 residents, according to CBRE.

Bucharest office building earns LEED Gold certification

ROMANIA AFI Park 1, an office building in Bucharest, has been granted the LEED Gold certification under the LEED for Core & Shell Rating System. It is the first time an office building in Romania earns the green certificate.

Office rents in Kyiv keep falling in H1

Rafał Ostrowski
journalist

UKRAINE In first half of the year, the extremely suppressed business dynamics, combined with significant new office delivery, resulted in a further increase in vacancy and a downward correction of rents on the office property market in Kyiv, according to a research by DTZ.

Sharp hotel occupancy drop in Kyiv

Rafał Ostrowski
journalist

UKRAINE In H1 the hotel occupancy in Kyiv dropped to 28 pct, an all-time low, compared to 50 pct in the first half of 2013, according to the latest Hotel Intelligence report by JLL.

Bilfinger CEO quits as annual forecast drops

CEE REGION German real estate and construction company Bilfinger has reduced its projection for 2014 results again. Its net profit is now expected to hover around EUR 205 mln and EUR 220 mln, EUR 25 mln down compared to the previous financial adjustment made just five weeks ago.

Hungarian transaction volumes see 46 pct boost in H1

HUNGARY In the first half of the year, total real estate transaction volumes in Hungary have increased by 46 pct, to EUR 283 mln. The number includes EUR 231 mln of income-generating investment deals, a record high level since 2011, according to Colliers International.

Facelift for Grodzisk station

Tomasz Szpyt-Grzegórski

POLAND Ciałbud, based in Radzymin, has won the tender for the redevelopment of the PKP railway station in Grodzisk Mazowiecki.

Cinema 3D comes to Morena

POLAND A new tenant has been secured for the Morena shopping centre in Gdańsk – Cinema 3D.

Guess opens two outlets

POLAND Fashion House outlet centres in Piaseczno and Gdańsk have been chosen by fashion retailer Guess as the locations for two outlet stores of the brand.

Investment & finance

New plot in Okam’s hands