News

POLAND Polish logistics operator Pst Ots Sped has leased 3,750 sqm of warehouse and office space in Prologis Park Wroclaw in Bielany Wrocławskie.

Investment & finance

Echo buys Warsaw Brewery for EUR 42 mln

POLAND Kielce-based developer Echo Investment has acquired a plot of almost 4.4 ha in the centre of Warsaw. Situated between ul. Grzybowska, ul. Wronia, ul. Chłodna and ul. Krochmalna, the historic area that once accommodated Warsaw Brewery will now be adapted for a multi-million office and residential investment. The value of the transaction is EUR 42 mln.

Riverview plot in Kraków has new owner

POLAND Real estate agency Leach & Lang has sold off a 1.5 ha land plot located on ul Bajeczna in Kraków.

Warsaw obtains EUR 240 mln loan to boost infrastructure

Property and Facility Management

POLAND The European Investment Bank (EIB) will lend EUR 240 mln (PLN 1 bln) for Warsaw municipal infrastructure projects. The funds will support the city’s 2014-2019 investment programme and contribute to creating the long-awaited mobility schemes, education, social and healthcare infrastructure as well as modernizing public and green spaces.

Moscow mall selects manager

RUSSIA Real estate consultancy JLL will be the manager of the Vodny shopping centre, which is to open in August in north-western Moscow, close to the Vodniy Stadion metro station.

MOL shared services center opens in Alchemia

POLAND A European subsidiary of the Japanese transport company Mitsui OSK Lines, MOL Europe, has signed a five-year lease deal for 800 sqm in the Alchemia business park in Gdańsk.

Hotel occupancy in Moscow drops by 4 pct

RUSSIA According to the latest report by JLL, in 2014, the quality hotel market in Moscow has seen a 4-pct drop in occupancy rates (down to 59 pct) and a 1-pct drop in the ADR (now at the level of RUB 6,000). This fall can be attributed to the political turmoil in Ukraine and sanctions put on Russia as a result, the analysts write in the “Moscow Hotel Market” report.

European investment on the rise in Q2

Office & mixed-use development

CEE REGION In Q2 2014, the volume of commercial real estate investment across the Central European markets (Poland, the Czech Republic, Slovakia, Hungary and Romania) amounted to EUR 1.14 bln, which represented a 75 pct increase y-o-y, a new report by Cushman & Wakefield shows.

Getin finds home for its Romanian bank

Architecture and urban planning

ROMANIA Romanian International Bank, a subsidiary of the Polish financial group Getin Holding, has found a place for its new headquarters. The company will lease 3,500 sqm of office space at Hermes Business Campus in Bucharest.

Aedas splits business in two

Office & mixed-use development

UNITED KINGDOM International architecture and design company Aedas has reorganized its structure. The company’s regional offices in Russia, Poland and Kazakhstan, as well as eight British bureaus will now be operating under different brand, AHR.

Citi enlarges its Słuzewiec office

POLAND Citi Service Center Poland has signed a 7,900 sqm lease contract for some extra office space in the T-Mobile Office Park complex, located in a white-collar district of Warsaw, Służewiec Przemysłowy.

Warehouse & industrial

LCP attracts another tenant for Bydgoszcz warehouse

POLAND PHUP Gniezno, the distributor of grocery products, will now have its warehouse at the Logistic & Business Park (LCP) in Bydgoszcz. The company has leased an area of 4,450 sqm from LCP’s owner, London & Cambridge Properties.

Investment & finance

BGK to provide majority of funding for Bałtyk

POLAND Bałtyk, an office and retail building in Poznań, will be mainly funded by the Polish Investments Programme, coordinated by Bank Gospodarstwa Krajowego (BGK). A portion of the funding will also come from a European initiative supporting urban development, Jessica.

Residential

Dom Development breaks ground in Warsaw

POLAND Dom Development has launched the construction of its Warsaw residential project, Willa Lindego. The facility will be located at ul. Wrzeciono 2 in Bielany, Warsaw.

Retail & leisure

Auchan expands its real estate portfolio in Romania

ROMANIA Auchan, the French grocery retailer, has acquired a portfolio of twelve retail properties where the company has been running some of its Romanian supermarkets.

Carrefour to spend next ten years in Galeria Gniezno

POLAND French grocer Carrefour has extended its 4,450-sqm lease contract with Galeria Gniezno for the next ten years. The nine-year-old Galeria Gniezno building, which belongs to the investment fund Standard Life Investments, offers 17,000 sqm of retail space.

Retail & leisure

Four new tenants in Gliwice shopping mall

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

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

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