News

POLAND Central and East European developer Atlas Estates is determined to build another residential tower on ul. Grzybowska in Warsaw's Wola district. A few years ago, a Hilton hotel and two residential towers were built on the adjacent plots owned by Atlas Estates.

Big names join Yareal supervisory board

POLAND Prof. Witold Orłowski, Prof. Andrzej Blikle, Bogusław Kott and Maciej Witucki have been appointed to the supervisory board of Yareal Polska. Prof. Witold Orłowski, one of the most accomplished economists in Poland, specialized in Applied Econometrics and Macroeconomics, will serve as the board’s president.

Atal plans IPO and Czech entry

Architecture and urban planning

POLAND Polish residential developer Atal is planning a flotation on the Warsaw Stock Exchange to raise between PLN 150–170 mln to finance an expansion into the Czech market, the company’s vice-president Mateusz Juroszek has revealed to Reuters.

Wirtz reveals designs for Europejski Square

POLAND Belgian landscape architecture studio Wirtz International Landscape Architects has revealed its designs for the Plac Europejski square project near the Warsaw Spire tower, which is also being developed by Ghelamco.

Investment & finance

IVG Group allowed to live on

EUROPE The Bonn Regional Court has given final approval for an insolvency plan to rescue heavily indebted IVG Group.

Investment & finance

Developers fight over Warszawa Główna

POLAND PKP has postponed the deadline for the submission of projects in the tender for the development the area around the Warszawa Główna Osobowa railway station near Warsaw city centre.

Investment & finance

Falenta leaves Real2B

POLAND Marek Falenta, who has become embroiled in the recent scandal surrounding the bugging of Polish politicians, has withdrawn from being an investor in Real2B. His shares are to be purchased by other management board members and shareholders.

Retail & leisure

Nine new tenants in Tarasy Zamkowe

POLAND Immofinanz, the developer of the Tarasy Zamkowe shopping centre in Lublin, has secured nine new leases.

Warehouse & industrial

US tobacco sector engineers now leasing 15,000 sqm in Stryków

POLAND US-owned tobacco industry engineering company SWM Poland has increased its warehouse space at Segro Logistics Park Stryków by leasing an additional 4,200 sqm.

Unibep to finish off Zeppelin construction

RUSSIA Construction company Unibep will build the facade and perform finishing work in the Zeppelin office building, a part of the Airport City Sankt Petersburg complex at the Pulkovo Airport in St Petersburg. The contractor, hired by Zao Avielen, is set to fulfill the deal by Q2 2015.

Construction

Another part of Robyg project in Wilanów given a go

POLAND Robyg Group has received a permit for constructing another stage of the Osiedle Królewskie project that the company is developing in Warsaw’s Wilanów district.

Poland attracts half of CEE investment

POLAND/CEE REGION In H1 2014, an investment volume of app. EUR 2.87 bln was recorded in the CEE region (excluding Russia), according to a market summary by JLL.

World Cup 2018 stadiums to be BREEAM-certified

Property and Facility Management

RUSSIA Three out of seven stadiums that will be constructed for the football World Cup 2018 in Russia are currently undergoing the assessment process under the BREEAM-certification system.

Knight Frank with two new towers

POLAND Silver Tower Center in Wrocław and Alma Tower in Kraków have chosen Knight Frank to be their property managers.

Hotel sector the most attractive in Russia

RUSSIA In the first half of 2014 the hotel segment accounted for the largest share (35 pct) of the Russian real estate investment market, with deals totalling USD 420 mln, according to Colliers International.

Architects to move into former Vladimir Ilyich plant

RUSSIA International architectural and engineering company Homeland Group has leased a 1,500 sqm loft-studio in the business complex created in the former Vladimir Ilyich plant in Moscow.

Retail & leisure

UK-based investor to open 50 gyms in Poland

Agata Kłapeć

POLAND CityFit, a new 24/7 fitness club chain created specifically for the Polish market by a London-based private equity fund, has launched its first, 1,500 sqm gym. The company plans on opening 50 variously-sized clubs in a total investment of PLN 100 mln over the next three years.

Retail & leisure

Carrefour and Lukoil open four more

15 July 2014

POLAND Four new Carrefour Express/Lukoil petrol stations have been opened: two in Poznań and the other two in Gdynia and Pruszcz Gdański.

Lowest office take-up on Moscow market for 13 years

15 July 2014

RUSSIA In Q2 take-up on the Moscow office market amounted to 84,400 sqm, the lowest result in the last thirteen years, according to the latest office market report by CBRE.

Construction

Building work on Szczecin complex again

15 July 2014