News

Office & mixed-use development

Dzielna 60 loft offices ready for tenants

schedule 17 March 2015
Anna Pakulniewicz

POLAND Ochnik Development has completed its industrial redevelopment project, the Dzielna 60 office complex in Warsaw.

Residential

Extension work begins on Słoneczne Tarasy 2

schedule 17 March 2015
Aneta Cichla

POLAND Residential developer Twoje M has started the second stage of the extension of the Słoneczne Tarasy 2 estate, which is being developed in Plewiska near Poznań.

Retail & leisure

20,000 sqm mall to open in Kyiv

schedule 17 March 2015
Rafał Ostrowski
journalist

UKRAINE Development company Buddekosarvis is planning to open the New Way shopping centre on Arkhitektora Verbytskoho street in Kyiv’s Darnytsia district.

MLP looking to double its scale of operations

schedule 17 March 2015
Aneta Cichla

POLAND The value of MLP Group’s assets increased to PLN 557.9 mln at the end of 2014, almost 10 pct more than for the previous year.

Retail & leisure

Ferio Wawer topped off

schedule 17 March 2015
Aneta Cichla

POLAND The Ferio Wawer shopping centre, which is under construction at the junction of ul. Szpotańskiego and ul. Żagańska in Warsaw’s Wawer district, has now been topped off.

Residential

Murapol one step closer to Siewierz project

schedule 17 March 2015
Aneta Cichla

POLAND Murapol has signed a preliminary conditional agreement to buy two construction plots from Alta within the Siewierz Jeziorna project near Katowice. According to the contract, Chmielowskie (Alta’s project) is to sell plots with an area of 0.2 ha to Murapol, where the buyer is to build two multi-family residential buildings with a useable residential area of at least 2,500 sqm. The company will also have pre-emption rights in terms of purchasing land in subsequent quarters of the project with a residential area of 8,000 sqm.

CA Immo and O1 raise bid for Immofinanz

schedule 16 March 2015
Agata Kłapeć

EUROPE Vienna-based developer CA Immo and the Russian investment group O1 are willing to buy 13.5 pct of the total Immofinanz issued shares for EUR 2.80 per share in a voluntary tender offer.

C&W boasts record income

schedule 16 March 2015
Rafał Ostrowski
journalist

WORLD Cushman & Wakefield has increased its gross revenue by 14 pct y-o-y to USD 2.85 bln and its net income by 33.3 pct to USD 61.6 mln, according to 2014 financial results.

Panattoni to extend Faurecia Gorzów factory

schedule 16 March 2015
Rafał Ostrowski
journalist

POLAND Panattoni Europe has started the 12,000 sqm extension work on a factory in Gorzów for the automotive parts manufacturer Faurecia.

Retail & leisure

H&M to launch six CEE online stores

schedule 16 March 2015
Agata Kłapeć

EUROPE This year, the Swedish fashion retail group H&M is set to open nine new online platforms, including the Polish, Czech, Slovak, Bulgarian, Hungarian and Romanian stores, while it further expands its brick and mortar presence across the CEE region.

Technology

C&W-supported start-up to transform traditional stores?

schedule 16 March 2015
Agata Kłapeć

UNITED KINGDOM A British technology company has come up with a new retail concept that could change shopping as we know it. The Wilde Rooms platform allows consumers to select items they like online and try them on in a high-end fitting room without buying.

New logistics demand to come from Eastern and Southern Europe

schedule 16 March 2015
Agata Kłapeć

EUROPE Although Western European economies, including the UK and Germany, accounted for 54 pct of the total European logistics property investment across the continent last year, their dominance may soon change as currently nine out of Europe's top ten countries for GDP growth forecasts are located in eastern and southern parts of the continent, according to Savills.

Retail & leisure

One Bricoman more

schedule 13 March 2015
Aneta Cichla

POLAND The seventh Bricoman construction and renovation store in Poland has opened in Szczecin – the first outlet of the chain in the West Pomeranian province.

Retail & leisure

Atrium enjoying profit growth from leasing

schedule 13 March 2015
Aneta Cichla

POLAND Atrium European Real Estate’s portfolio of Polish retail properties experienced a 15.5 pct increase in gross profit last year from leasing compared to 2013, amounting to EUR 91 mln.

Retail & leisure

Auchan Gdańsk closer to redevelopment

schedule 13 March 2015
Aneta Cichla

POLAND Work on the extension and modernisation of the Auchan Gdańsk shopping centre is to start in H2 this year, the investor and owner of the mall, Immochan, has announced.

Investment & finance

Echo in Griffin’s hands?

schedule 13 March 2015
Aneta Cichla

POLAND Michał Sołowow, the largest single shareholder of development company Echo Investment, has called an extraordinary general meeting of shareholders.

AXA starts new logistics developer

schedule 13 March 2015
Agata Kłapeć

EUROPE Real estate investment company AXA Real Estate has launched a new pan-European logistics and industrial development company, Baytree Logistics Properties, which has EUR 100 mln already earmarked for its project pipeline.

Investment & finance

CTP obtains EUR 162 mln from the banks

schedule 13 March 2015
Nathan North
managing editor (English section)

CZECH REPUBLIC Czech warehousing developer and owner CTP has secured a EUR 132 mln loan from its new financial partner pbb Deutsche Pfandbriefbank to finance CTPark Bor in Bor u Tachova, close to the German border.

Construction

Erbud seals PLN 41 mln Green Property Group deal

schedule 13 March 2015
Agata Kłapeć

POLAND Warsaw-listed construction company Erbud has signed a PLN 41.2 mln contract on the construction of the Szucha Premium Offices building that is currently being developed by Green Property Group at al. Szucha 17/19 in Warsaw.

Retail & leisure

Apollo-Rida announces Tychy project

schedule 13 March 2015
Aneta Cichla

POLAND Apollo-Rida is planning to extend and refurbish the Skałka retail centre in Tychy, creating a modern 36,000 sqm shopping centre.

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