News

Leach & Lang advises on transactions worth PLN 40 mln in Kraków

POLAND Leach & Lang Property Consultants has recently advised on three transactions in Kraków with a combined value of PLN 40 mln.

Retail & leisure

CityFit debuts on market

POLAND The first Polish CityFit fitness club is to open in the Plaza Rzeszów shopping centre in May.

NC3 rises

POLAND Consteel is constructing the NC3 office building in Warsaw’s Służewiec district.

Hotels

Conference centre next to hotel

POLAND Lokaty Budowlane is planning to extend Hotel Święcice with an exhibition and conference centre on an adjacent 0.6 ha plot.

Karuzela comes to Żary

POLAND Boza Inwestycje is preparing a to build the Karuzela retail park in Żary in Poland’s Lubusz region.

Unidevelopment raises PLN 20 mln

POLAND Unidevelopment has issued bonds with a nominal value of PLN 20 mln in a non-public offering.

Segro Business Park Łódź draws Ad Akta

POLAND Archiving company Ad Akta has leased app. 2,400 sqm of warehouse space and 350 sqm of office space in Segro Business Park Łódź.

Investment & finance

Poznań City Center sold

POLAND Resolution Real Estate Fund IV and ECE Prime European Shopping Centre Fund have purchased the Poznań City Center shopping centre for an undisclosed price.

Central European Retail Fund launched

POLAND/CZECH REPUBLIC Warburg - Henderson has launched the Central European Retail Fund, which is aimed at institutional investors and will invest in retail properties in Poland and the Czech Republic.

More bonds issued by GTC

POLAND Globe Trade Centre has issued 20,000 bonds worth PLN 200 mln to Polish financial institutions with the funds to be used to roll over bonds that mature in April as well as to finance the future development of the company.

Retail & leisure

Galeria Mokotów refinanced

POLAND Unibail Rodamco has received EUR 200 mln in refinancing for the Galeria Mokotów shopping centre in Warsaw.

Qualia wants changes to Eastern Wall

POLAND Qualia Development, which is part of the PKO group, is preparing to begin work on a project on the site of PKO Bank’s headquarters at the junction of ul. Marszałkowska and ul. Sienkiewicza in Warsaw.

Slovaks take over Szczyrkowski ski resort

POLAND Slovak-based Tatry Mountain Resorts has taken a 97 pct stake in the Szczyrkowski Ośrodek Narciarski ski resort, which owns 25 km of ski slopes. The acquisition was finalised on March 5th.

Office & mixed-use development

New splendour for old barracks

POLAND The UBIQ Business Park office and service complex is being developed on ul. Grunwaldzka, ul. Wojskowa and ul. Ułańska in Poznań in an investment of PLN 25.6 mln net.

PBO Anioła in trouble

POLAND ING Bank Śląski and Bank Millennium have terminated their loan agreements PBO Anioła and its subsidiaries.

Retail & leisure

Galeria Amber to open March 20th

POLAND Echo Investment’s Galeria Amber shopping centre in Kalisz has received an occupancy permit and is to be opened on March 20th.

And now comes the 5th Eurobuild Awards in Poland and the CEE.

Zaparoh leases 11,252 sqm in PointPark Poznań

POLAND Furniture manufacturer Zaparoh has signed a lease agreement for a 11,252 sqm BTS warehouse and production building in PointPark Poznań.

Office & mixed-use development

Green Court turns to Orange

ROMANIA Telecom company Orange is in advanced negotiations for 13,000 sqm of office space in Green Court in Bucharest, which is being developed by Skanska.

Raven Russia with strong results

RUSSIA Warehouse developer Raven Russia has recorded a 37 pct y-o-y increase in net operating income for 2013, up from USD 135.6 mln in 2012 to USD 186.4 mln.