News

Hotels

Best Western Plus Q Hotel in Wrocław is already open

schedule 16 May 2014

POLAND The Best Western Plus Q Hotel Wrocław was opened at the beginning of May.

Ukraine crisis drags Redan results down

schedule 16 May 2014
Tomasz Szpyt-Grzegórski

POLAND In Q1 Redan’s net loss amounted to PLN 6.91 mln – three times as much as in the same period of 2013.

Investment & finance

Polimex-Mostostal still making losses

schedule 16 May 2014
Tomasz Szpyt-Grzegórski

POLAND In Q1 the Polimex-Mostostal group suffered a net loss of PLN 39.2 mln with revenue of PLN 412.4 mln.

Residential

Robyg launches more residential projects

schedule 16 May 2014

POLAND The Robyg group has marketed new stages of its Warsaw projects: Osiedle Park Królewski, Osiedle Kameralne and Young City

Goodman builds in Krągola

schedule 16 May 2014
Aneta Cichla

POLAND Goodman is to build a 39,700 sqm warehouse in Krągola near Konin (in the Stare Miasto administrative district).

Petition against Rank Progress is “groundless”

schedule 16 May 2014
Aneta Cichla

POLAND Rank Progress has commented on a bankruptcy petition by PPHU Fabimex, which was filed in a Legnica court regarding a subsidiary of Rank Progress – Progress XXI.

Coalco to build mixed-use project at Young Pioneers Stadium

schedule 15 May 2014
Rafał Ostrowski
journalist

RUSSIA Developer Coalco is planning to construct the Royal Plaza mixed-use project in the 5.4 ha grounds of the Young Pionieers Stadium on Leningradsky Prospekt in Moscow, according to Vedomosti.

MirLand increases revenues

schedule 15 May 2014
Rafał Ostrowski
journalist

RUSSIA MirLand Development Corporation has recorded a 134 pct y-o-y increase in revenues for the first quarter of 2014, from USD 11.8 mln (in Q1 2013) to USD 27.6 mln.

Investment & finance

Competition office agrees to Złote Tarasy ownership changes

schedule 15 May 2014
Tomasz Szpyt-Grzegórski

POLAND The Złote Tarasy retail and office complex in Warsaw, which is worth over PLN 2 bln, is undergoing further ownership changes.

LPP to grow and expand intensively onto new markets

schedule 15 May 2014
Aneta Cichla

POLAND Clothing retail group LPP, the owner of the Reserved, Cropp, House, Mohito and Sinsay fashion brands, is planning to increase the combined area of its chains by app. 25 pct (at the end of Q1 the company had 1,334 outlets with an area of 606,000 sqm).

Residential

Impro sells more apartments

schedule 15 May 2014

POLAND In the first four months of the year, residential developer Inpro signed a total of 129 preliminary contracts net – 33 pct more than in the same period of 2013.

Office & mixed-use development

Training sessions at Adgar Park West

schedule 15 May 2014
Aneta Cichla

POLAND The Adgar group is to open the Adgar Ochota training centre, which is located in the Adgar Park West office building on Al. Jerozolimskie in Warsaw.

Office & mixed-use development

ECI prepares Infinicity

schedule 15 May 2014
Rafał Ostrowski
journalist

POLAND Europejskie Centrum Inwestycyjne (ECI) is preparing its Infinicity mixed-use development, which is to be built between ul. Postępu and ul. Cybernetyki in Warsaw’s Mokotów district.

AmRest enjoys period of growth

schedule 15 May 2014
Aneta Cichla

EUROPE Restaurant and fast-food operator AmRest, which runs such chains as Pizza Hut, KFC, Burger King and Starbucks, has published its financial results for Q1 2014.

Urban gardeners selling properties

schedule 15 May 2014
Tomasz Szpyt-Grzegórski

POLAND The Municipal Gardening Company (MPRO) in Warsaw is disposing of properties in the capital city.

Architecture and urban planning

Lily or crystal to be built near the Marriott?

schedule 15 May 2014
Tomasz Szpyt-Grzegórski

POLAND A skyscraper 260m in height could be built next to the Marriott hotel in Warsaw.

Warehouse & industrial

Goodman buys 17 ha plot in Swadzim

schedule 14 May 2014
Rafał Ostrowski
journalist

POLAND Goodman Poland has baught a 17 ha plot in Swadzin by the S11 (Poznań ring road) for the construction of a logistics facility for one of its clients from the FMCG segment.

Warehouse & industrial

Panattoni starts works on access road for Amazon warehouse

schedule 14 May 2014
Rafał Ostrowski
journalist

POLAND Panattoni Europe has started the construction of an interchange for national road no. 92 to allow access to the Amazon warehouse that is being built in Sady near Poznań.

CBRE increases revenue

schedule 12 May 2014
Rafał Ostrowski
journalist

WORLD International consultancy CBRE has recorded USD 1.9 bln in revenue for the first quarter of this year, which signifies a 26 pct increase from 1.5 bln in the corresponding quarter last year.

Office & mixed-use development

TNT Express leases offices in Nord Point

schedule 12 May 2014
Rafał Ostrowski
journalist

POLAND Express delivery company TNT Express has leased 3,000 sqm of office space in the Nord Point building, which is being developed by ECI Group in Warsaw’s Żerań district.

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