News

Construction

General contractors for Staffa 9 and Kolska od Nowa

schedule 27 August 2014
Rafał Ostrowski
journalist

POLAND Belgian developer Matexi Polska has chosen general contractors for two Warsaw residential projects: Staffa 9 and Kolska od Nowa.

Lower vacancy in Wrocław – for now

schedule 27 August 2014
Rafał Ostrowski
journalist

POLAND According to the ‘Office Market in Wrocław Q2 2014’ report prepared by Knight Frank, the vacancy rate on the Wrocław office market in Q2 averaged 9.9 pct, falling from the 12.8 pct registered in the previous quarter. It was also the best figure in the last five quarters.

Higher profits for Robyg

schedule 27 August 2014
Rafał Ostrowski
journalist

POLAND Residential developer Grupa Robyg generated a net profit of PLN 21.6 mln in the first half of the year, up from the PLN 15.2 mln recorded in the same period last year.

Researchers develop crack-detecting “skin” for concrete structures

schedule 27 August 2014

UNITED STATES/ FINLAND Researchers from North Carolina State University and the University of Eastern Finland have come up with an innovative technology that helps to monitor concrete structures and quickly respond to any damages as they occur, boosting construction safety and reducing fallout from the cracks.

Investment & finance

Papag wins Praktiker acquisition approval

schedule 27 August 2014
Aneta Cichla

POLAND Swiss investor Papag has obtained the approval of the Office of Competition and Consumer Protection (UOKIK) for its acquisition of Praktiker Polska and Praktiker Real Estate Polska (originally reported in this publication in March).

Investment & finance

Eleven new Monnari outlets by the year-end

schedule 27 August 2014

POLAND Clothing retailer Monnari Trade, the owner of the Monnari brand, is planning to open eleven stores in shopping centres in some of the largest cities in Poland in H2 2014.

Investment & finance

Green light to buy Matras

schedule 27 August 2014
Aneta Cichla

POLAND Nowe Powierzchnie has been given permission from the Office of Competition and Consumer Protection (UOKiK) to acquire the Matras bookstore chain from the SEAF group.

Marvipol to buy Warsaw plots

schedule 27 August 2014
Aneta Cichla

POLAND Marvipol has issued 20,650 ordinary unsecured bonds with a value of PLN 20.65 mln. The money will be used to purchase land for residential development in Warsaw.

Architecture and urban planning

Cud nad Wisłą according to 81.WAW.PL

schedule 27 August 2014
Aneta Cichla

POLAND The Cud nad Wisłą club in Warsaw has been redesigned according to a concept drawn up by the architects of the 81.WAW.PL studio.

Office & mixed-use development

Siemens opens 3,000 sqm technology hub in Cluj

schedule 26 August 2014
Agata Kłapeć

ROMANIA Siemens has leased out an entire, 3,000 sqm building in the Liberty Technology Park Cluj office complex in Cluj-Napoca, to launch a R&D centre for its IT subsidiary, Evosoft. The new offices will ultimately house over 200 engineers involved in the software development across all Siemens units.

Investment & finance

EBRD grants EUR 30 mln loan to redevelop Croatian marinas

schedule 26 August 2014
Agata Kłapeć

CROATIA The European Bank of Reconstruction and Development (EBRD) has arranged a EUR 30 mln loan for a Turkish developer to renovate two Croatian marinas and help increase nautical tourism in the country.

Accor Group sees “very positive performance” across CEE

schedule 26 August 2014

EUROPE In the first half of the year, French hotel operator Accor has seen a 2.8 pct y-o-y increase in like-for-like revenues as its total revenues hit EUR 2.5 bln. Meanwhile, like-for-like gains in the Northern, Central and Eastern Europe region (NCEE) alone went up 3.2 pct.

Warsaw is getting "investment intense"

schedule 26 August 2014
Aneta Cichla

POLAND Warsaw has been ranked sixth in JLL’s global Investment Intensity Index as it outperformed such cities as Paris, New York and Tokyo, the company informed. The top five positions were taken by London, Oslo, Munich, Stockholm and Copenhagen.

Retail developers more interested in smaller markets

schedule 26 August 2014
Rafał Ostrowski
journalist

POLAND About 63 pct of retail space currently under construction is located in cities with populations under 400,000, according to research by Knight Frank.

Investment & finance

PointPark Properties buys eleven logistics parks

schedule 26 August 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC PointPark Properties has agreed to buy eleven Czech logistics parks from Tristan Capital Partners and VGP for EUR 523 mln.

Investment & finance

HB Reavis sells River Garden Office I

schedule 26 August 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC HB Reavis Group has sold its River Garden Office I building in Prague’s Karlín business district to Prvý realitný fond (PRF) managed by Slovakian company IAD Investments.

Investment & finance

TechnoPark Pardubice goes under the hammer

schedule 26 August 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC The Naxos auction house is selling Technopark Pardubice, with the lowest bid having been set at CZK 160 mln (app. EUR 5.7 mln).

Office & mixed-use development

CH Beck stays in North Gate

schedule 26 August 2014
Nathan North
managing editor (English section)

POLAND German publishing house CH Beck has renegotiated its lease of 1,500 sqm of office space in the North Gate office building in Warsaw.

Retail & leisure

Józefosław centre to become Marcredo

schedule 26 August 2014
Rafał Ostrowski
journalist

POLAND Elbfonds Development is planning to change the name of Centrum Józefosław in Piaseczno near Warsaw to Marcredo Compact Józefosław.

Retail & leisure

TREI opens two new Vendo Parks

schedule 25 August 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC/SLOVAKIA TREI Real Estate GmbH, the real estate arm of the Tengelmann Group, has opened two Vendo speciality retail centres in Galanta (Slovakia) and Mohelnice (Czech Republic) of between 3,000 sqm and 4,000 sqm of leasable space.

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