News

Residential

Lithuanian flats in Romanian park

schedule 13 November 2014
Anna Pakulniewicz

ROMANIA Lithuanian developer Hanner Group has started work on the second phase of The Park residential project in Bucharest, Romania.

Hungarian central bank with distressed assets manager

schedule 13 November 2014
Agata Kłapeć

HUNGARY Hungary’s central bank (MNB) is setting up an asset management agency, the MARK Group, that will have HUF 300 bln (EUR 980 mln) to buyout toxic commercial property loans from local banks.

Office & mixed-use development

Medical technology company to stay in Poleczki Business Park

schedule 12 November 2014

POLAND US-based medical equipment manufacturer Stryker has signed a six-year renewal for app. 2,500 sqm of office and logistics space it takes in Poleczki Business Park in Warsaw.

Investment & finance

Brazilian banking tycoon buys The Gherkin

schedule 12 November 2014
Agata Kłapeć

UNITED KINGDOM The Gherkin, London’s second-tallest building, has new owner. The 180-meter office tower located at 30 St Mary Axe has been sold to Safra Group, a Brazilian financial holding controlled by Joseph Safra.

Office & mixed-use development

Budapest office building retains Swedish tenant

schedule 12 November 2014
Agata Kłapeć

HUNGARY ESAB, the Swedish producer of welding equipment, has renewed and extended its 1,820 sqm lease in the Eiffel Square office building in Budapest to 2,320 sqm.

Retail & leisure

Three Sephora openings planned per year

schedule 12 November 2014
Aneta Cichla

POLAND The Sephora perfumery chain is planning to open three new stores per year for the next three years.

Residential

Zielony Marysin under construction in Wawer

schedule 12 November 2014
Aneta Cichla

POLAND Budimex Nieruchomości has started the construction of the Zielony Marysin residential estate on ul. Korkowa in Warsaw’s Wawer district.

Construction

Erbud and Ekonova consortium to build Świnoujście hotel

schedule 12 November 2014
Tomasz Szpyt-Grzegórski

POLAND A consortium made up of Erbud and Ekonova is to build the shell of the hotel section of Baltic Park Molo in Świnoujście.

Retail & leisure

Market from Carrefour in Galeria Tarnovia

schedule 12 November 2014
Aneta Cichla

POLAND A grocery anchor under the name of Market is to be opened in Galeria Tarnovia in Tarnów at the end of November.

Construction

Topping off at Kosmos

schedule 12 November 2014
Tomasz Szpyt-Grzegórski

POLAND The Kosmos Art & Business Center in Szczecin has been topped off.

Construction

New contractor for Nordic Haven

schedule 12 November 2014
Tomasz Szpyt-Grzegórski

POLAND Warsaw firm IDS-Bud has been chosen to be the new contractor of the Nordic Haven luxury apartment building in Bydgoszcz.

Kraków boasts lowest vacancy countrywide

schedule 07 November 2014
Rafał Ostrowski
journalist

POLAND Companies looking for ready-to-use class ‘A’ office space over 3,000 sqm in Kraków may currently have a problem finding it, according to a report by JLL.

Only 5,300 sqm completed in Kyiv

schedule 07 November 2014
Rafał Ostrowski
journalist

UKRAINE In Q3 only 5,300 sqm of office space was completed on the Kyiv market, almost four times less than in the same time last year, according to JLL.

Estonian cinema chain expands to Latvia

schedule 07 November 2014
Anna Pakulniewicz

LATVIA Estonian cinema operator Apollo Kino plans on opening a cinema complex in Riga in 2016, according to baltic-course.com.

Investment & finance

Ronson increases sales in Q3

schedule 07 November 2014
Agata Kłapeć

POLAND In the first three quarters of the year, Polish residential developer Ronson has sold 565 units, a 36 pct y-o-y increase. The company now expects its 2014 sales to exceed the number of 700 apartments, 50 units more than earlier anticipated.

Prime warehouse space in Moscow exceeds 10 mln sqm

schedule 07 November 2014
Rafał Ostrowski
journalist

RUSSIA Over the first nine months of the year, a total of 928,000 sqm of new warehouse space was completed, which brings the total volume of prime warehouse space in the Moscow market to 10.14 mln sqm, according to Colliers International.

Investment & finance

Atrium buys AFI Palác Pardubice for EUR 83 mln

schedule 06 November 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC Atrium European Real Estate has acquired the AFI Palác shopping centre in Pardubice from AFI Europe for EUR 83 mln.

Warehouse & industrial

UPS breaks ground for Polish hub

schedule 06 November 2014
Agata Kłapeć

POLAND US-based parcel delivery giant UPS has laid cornerstone for its new logistics hub and distribution centre that are currently being built in Stryków near Łódź by Panattoni Europe. The 13,000 sqm facility is scheduled to open in the first half of 2015.

Green projects

Kulczyk Silverstein Properties gets greener

schedule 06 November 2014
Tomasz Szpyt-Grzegórski

POLAND Starting in January 2015, all office buildings owned and managed by Kulczyk Silverstein Properties (KSP) will consume only renewable energy derived from wind farms.

Architecture and urban planning

Warsaw University of Technology announces winners

schedule 06 November 2014
Tomasz Szpyt-Grzegórski

POLAND Warsaw University of Technology and the Warsaw branch of the Polish Association of Architects have announced the winners of the competition called for the architectural and urban plan of the University’s central campus.

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