News

Investment & finance

Vítek removes Ott as Orco CEO

schedule 20 March 2014
Nathan North
managing editor (English section)

CEE REGION The CEO of Orco Property Group, Jean-François Ott, has been dismissed from his position – a move forced by largest shareholder Radovan Vítek.

Indigo debuts in Russia

schedule 19 March 2014
Rafał Ostrowski
journalist

RUSSIA InterContinental Hotels Group has opened its first hotel under the Hotel Indigo brand in Russia.

Warehouse & industrial

DHL Supply Chain moves to Panattoni Park Mysłowice

schedule 19 March 2014
Nathan North
managing editor (English section)

POLAND DHL Supply Chain has leased more than 12,750 sqm in Panattoni Park Mysłowice.

Residential

Sberbank to provide financing for Microcity V Lesu

schedule 19 March 2014
Rafał Ostrowski
journalist

RUSSIA Rose Group has signed a strategic partnership with Sberbank CIB for providing financing for its projects, including up to RUB 20 bln (app. EUR 400 mln) for the construction of stages 3–7 of its flagship residential development Microcity V Lesu.

Office & mixed-use development

K&L Gates to move to Plac Małachowskiego

schedule 19 March 2014
Nathan North
managing editor (English section)

POLAND International law firm K&L Gates has leased 3,500 sqm of office space in the Plac Małachowskiego building in Warsaw.

Retail & leisure

Moscow, Petersburg and Prague in high street top ten

schedule 19 March 2014
Nathan North
managing editor (English section)

CEE REGION Moscow has the third largest percentage of international luxury high street retailers, according to research by JLL.

IVG Private Funds “sold”

schedule 19 March 2014
Nathan North
managing editor (English section)

EUROPE IVG Immobilien has sold its IVG Private Funds Management business (worth EUR 3.4 bln) to another German fund, Deutsche Immobilien, according to press reports.

Retail & leisure

Work set to begin on Victoria City Center

schedule 19 March 2014

ROMANIA Benevo has announced that construction work on its Victoria City Center project is scheduled to start in-mid 2014 with the grand opening set for September 2015.

EUR 33 mln for Eiffel Square

schedule 19 March 2014

HUNGARY Deutsche Pfandbriefbank has provided a EUR 33 mln loan to Europa Capital on behalf of Europa Fund II to refinance the 23,500 sqm Eiffel Square building in Budapest.

Office & mixed-use development

Groupama Garancia signs 12,250 sqm Erzsébet lease

schedule 19 March 2014

HUNGARY Insurance company Groupama Garancia has leased 12,250 sqm of office space from Warimpex Finanz- und Beteiligungs in the Erzsébet Office complex in Budapest.

Warehouse & industrial

Brno says no to Amazon - again

schedule 19 March 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC The city of Brno has for the second time rejected plans for the development of a distribution centre for US online retail giant Amazon on the outskirts of the city.

Retail & leisure

3 Stawy to be modernised

schedule 18 March 2014

POLAND Apsys Polska has been appointed by Union Investment Real Estate, the owner of the 3 Stawy shopping centre in Katowice, to manage the shopping centre’s modernisation.

Komputronik to open Poznań megastore

schedule 18 March 2014
Tomasz Szpyt-Grzegórski

POLAND The opening of a Komputronik Megastore shop in Poznań is planned for March 21st. It will be its second such megastore in Poland.

Retail & leisure

Piotr i Paweł in Grona Park

schedule 18 March 2014
Ewa Andrzejewska

POLAND Vantage Development has signed a 1,000 sqm lease with Piotr i Paweł for its Grona Park shopping centre, which is to be opened in Zielona Góra this year.

Office & mixed-use development

Perydot office building in Wrocław

schedule 18 March 2014
Tomasz Szpyt-Grzegórski

POLAND The construction of the Perydot office building, which is to be located at the junction of ul. Wyścigowa and al. Karkonoska in Wrocław, is to start this year.

Retail & leisure

LPP enters Outlet Centers

schedule 18 March 2014

POLAND Gdańsk-based LPP group is to open a number of stores with a combined area of 1,300 sqm in the Lublin and Białystok Outlet Centers.

Invesco RE opens Warsaw office

schedule 18 March 2014
Ewa Andrzejewska

POLAND Real estate management service company Invesco Real Estate has opened its second CEE office in Warsaw.

Warehouse & industrial

VW comes to Września

schedule 18 March 2014
Aneta Cichla

POLAND Volkswagen is to begin production of its Crafter range of vans at the end of 2016 and the beginning of 2017 at a new factory in Września.

Bilka Steel doubles factory site size

schedule 18 March 2014

ROMANIA Roof tiles manufacturer Bilka Steel has acquired the real estate assets of Romlag Brașov, reports local media.

No apartments for Casa Radio

schedule 18 March 2014

ROMANIA Casa Radio, a development in Bucharest being planned by Plaza Centers in a PPP investment, will probably have no residential component, reports local media.

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