News

POLAND In 2013 over 94,000 sqm of office space was leased in the city, which was a record among Polish regional cities, according to the ‘Kraków Investors’ Guide’ report just published by CBRE.

Retail & leisure

CBRE to manage Zgorzelec retail park

POLAND CBRE has been appointed as the property manager and exclusive leasing agent for Eden Retail Park in Zgorzelec.

CEE investment volumes keep rising

CEE REGION Around EUR 1.37 bln of investment transactions were concluded on the CEE market in Q1, according to JLL.

Warehouse & industrial

Steelcase invests EUR 24 mln in Panattoni park

CZECH REPUBLIC Panattoni in cooperation with Accolade Group is developing a 27,000 sqm facility in Panattoni D5 Logistics Park in Stříbro (western Bohemia) for US office furniture manufacturer Steelcase Inc.

Warehouse & industrial

MBS Logistics expands in Bydgoszcz

POLAND German logistics provider MBS Logistics has leased 2,790 sqm in the Bydgoszcz Logistic and Office Center.

Green projects

BREEAM for Duna Office Center

Architecture and urban planning

HUNGARY Duna Office Center on Budapest’s Váci út office corridor has been awarded BREEAM In-Use International certification at the ‘Good’ level.

Office building under preparation in Łódź

POLAND The Staszewscy Ziółkowscy Architekci studio has prepared the architectural design of an office building to be built at the junction of al. T. Kościuszki and ul. Zielona in Łódź. The plot, which is owned by the investor behind the project, Rzgowa, was formerly the site of a reform synagogue built according to a design by Adolf Wolff of Stuttgart that was burnt down and destroyed during the Second World War.

Budimex improves profitability

POLAND The successful limiting of the downward trend in terms of sales, improvements in the profitability of each level of operations, maintaining a high level of cash, as well as building the order portfolio for the next few years – this is how Q1 2014 for the Budimex group was summed up by the president of the board, Dariusz Blocher.

Investment & finance

Billions lying in the grass

Tomasz Szpyt-Grzegórski

POLAND A politician who put up for sale a city park such as Pole Mokotowskie in Warsaw, Błonie in Kraków or the Ronald Reagan park in Gdańsk would be unlikely to be a popular choice for re-election.

High office supply in Kyiv

UKRAINE In Q1 the new supply on Kyiv’s office market amounted to 91,400 sqm – the highest quarterly result since 2011, according to JLL.

Cadence rolls into Katowice and Warsaw offices

POLAND IT company Cadence Design Systems has leased a total of app. 1,600 sqm of office space in Warsaw and Katowice.

Lundbeck to open 1,700 sqm centre in Quattro Business Park

POLAND Danish pharmaceutical firm Lundbeck has leased 1,700 sqm of office space in building ‘C’ of Quattro Business Park in Kraków.

Residential

Global Energy can build apartments in Sofia

Tomasz Szpyt-Grzegórski

BULGARIA/POLAND The Bulgarian subsidiary of the Warsaw-based company Global Energy has received a building permit for a small residential building in Sofia.

Investment & finance

Orco switches to selling Orco Germany shares to pay Złota debt

POLAND Orco Property Group (OPG) has given up on its recently announced plans to obtain a bridge loan to help it to pay back PLN 250 mln worth of liabilities to Pekao bank related to the development of the Złota 44 building in Warsaw.

P3 starts work on Sofa.com warehouse

POLAND PointPark Properties (P3) has begun the structural work on a production and warehouse facility for furniture online retailer Sofa.com in PointPark Poznań.

Skanska to build EUR 58 mln office building in Warsaw

Tomasz Szpyt-Grzegórski

POLAND Skanska is to invest EUR 58 mln (app. PLN 240 mln) in a new office building in Warsaw.

At your own desk – or not

EUROPE According to a tenant survey carried out by CA Immo, the flexible workstation model has still not taken off.

MLP to build logistics park near Lublin

POLAND A subsidiary of MLP Group – MLP Poznań I – has signed a contract with the Lublin administrative district to buy a 10.5 ha plot on ul. Plewińskiego in Lublin.

Goldman Sachs invests in 01 Properties

RUSSIA Goldman Sachs International has bought a 6 pct stake (5.1 mln class ‘B’ ordinary shares) in Russian investment and development company O1 Properties for USD 100 mln.

Investment & finance

Pbb provides loan to seal acquisition of Prague Fashion Arena

05 May 2014