News

POLAND Construction work has started on the Villa Sportowa luxury apartment project on ul. Sportowa in Warsaw’s Mokotów district.

Construction

Call centre to be built for Vectra

POLAND Allcon Budownictwo has been appointed by Vectra affiliate GCH Property to construct an office building with an underground car park on al. Zwycięstwa in Gdynia.

Three companies interested in WPH privatisation

POLAND Three companies have been allowed to do a limited assessment of the condition of Wojskowe Przedsiębiorstwo Handlowego [the Military Trading Company] in Warsaw.

Construction

No fracking around without Baltic Ceramics Investments

POLAND Baltic Ceramics, a subsidiary of Baltic Ceramics Investments, is looking for a general contractor to build a factory in Lubsko for the manufacture of ceramic proppants (materials used in fracking).

Dom Development to pay over PLN 54.49 mln to shareholders

POLAND Dom Development has earmarked PLN 54.49 mln to be paid in dividends to shareholders.

GE takes stake in Gant

POLAND The Global Energy group (GE), which is listed on the WSE , has purchased nearly 2.5 mln shares in Gant Development, a developer which is currently in bankruptcy open to arrangements.

Moscow hotel rates likely to be cut

Rafał Ostrowski
journalist

RUSSIA Moscow hoteliers are likely to decrease average daily rates to avoid falling occupancy, according to research by JLL.

Screwed down in Tatabányai

HUNGARY Bolt producer Ferdinand Gross has moved into the Tatabányai Industrial Park, according to local media sources.

Błękitek tower becomes K1 as renovations begin

Nathan North
managing editor (English section)

POLAND The Błękitek skyscraper in Kraków has been renamed K1 and is to undergo major refurbishment.

Retailers leave Crimea

Rafał Ostrowski
journalist

UKRAINE/RUSSIA The outflow of Ukrainian and international retailers from Crimea is continuing, reports capital.ua. Ukrainian MTI, which operates the Intertop, Intertop Kids and Plato brands, has now closed five stores in Crimea.

Ghelamco buys Polimex Powiśle plot

Nathan North
managing editor (English section)

POLAND A subsidiary of developer Ghelamco has bought a plot of almost 1,000 sqm at ul. Elektryczna 2A in Warsaw from Polimex-Mostostal.

Green campaigners bring action against Galeria Północna

POLAND The Zielone Mazowsze association has appealed against the February decision of Warsaw’s city authorities to pass environmental conditions for the construction of a mall planned by Globe Trade Centre (GTC) in Białołęka district.

Work begins on Prime Corporate Center

POLAND Construction work has begun on Prime Corporate Center on ul. Grzybowska in Warsaw’s Wola district.

Green projects

Rozwoju achieves excellence

POLAND The second stage of the Park Rozwoju office complex in Warsaw has been awarded a BREEAM Interim certificate at the ‘Excellent’ level with a score of 72.9 pct.

Eldorado leases space in SMAK

Rafał Ostrowski
journalist

RUSSIA Consumer electronics retailer Eldorado has sub-leased 3,500 sqm from data centre provider IXcellerate in the SMAK class ‘A’ warehouse in Moscow’s Altufyevsky district.

Office Depot expands in Iulius Business Center Cluj

ROMANIA Iulius Group has signed a five-year extension on a leasing agreement with Office Depot, which has had an office in Iulius Business Center Cluj since 2008.

Investment & finance

P3 set to buy Tristan portfolio?

Nathan North
managing editor (English section)

EUROPE PointPark Properties (P3) is reported to be poised to buy a warehouse portfolio of around 930,000 sqm in Poland, the Czech Republic, Austria and Germany.

Retail supply still growing in eastern Poland

POLAND In Q1 2014, the total shopping centre stock in Poland grew by 140,500 sqm with the opening of three centres (Atrium Felicity in Lublin, Galeria Amber in Kalisz and Galeria Siedlce in Siedlce) and now stands at 8.6 mln sqm gla, according to the latest report on the Polish retail market by JLL.

Two tenants in Margit