News

POLAND Life insurance company Pramerica Życie TUiR has leased 2,300 sqm in Atrium 1 in central Warsaw, bringing the total occupancy level in the office building up to 97 pct.

Warehouse & industrial

Plastics Group leases 2,000 sqm in Wrocław Business Park

POLAND Plastics Group, a regional distributor of plastic and aluminum products, has leased 1,980 sqm of warehousing and 120 sqm of office space in Wrocław Business Park.

Investment & finance

UGL accused of cooking books by former DTZ head

WORLD Australian construction group UGL has been accused of false accounting and racial discrimination in an unfair dismissal lawsuit brought by the former global CEO of DTZ, its property services wing.

Hotels

Raiffeisen Evolution buys all of Augustine

Property and Facility Management

CZECH REPUBLIC Raiffeisen Evolution has acquired 100 pct of the five-star plus Augustine hotel in Prague’s Malá Strana castle district for an undisclosed sum.

Real estate in a more mobile world

Rafał Ostrowski
journalist

POLAND Mobile communication, Wi-Fi-based sales support services, IT systems in property management and social media – these were all listed by those attending the ‘Real Estate in the Era of New Media and Technologies’ conference as the main factors making an increasing impact on the real estate sector.

Successful Q4 for LPP

CEE REGION The fourth quarter of last year turned out to be a successful one for the LPP clothing store group, the owner of the Reserved, House, Cropp, Mohito and Sinsay chains.

Human resources

Lech Witecki dismissed by GDDKiA

POLAND Following a motion by Deputy Prime Minister Elżbieta Bieńkowska, Prime Minister Donald Tusk has dismissed Lech Witecki, the current acting director of the General Directorate of National Roads and Motorways (GDDKiA).

Investment & finance

PKP plans to develop plot near Gdynia station

POLAND The Polish State Railways (PKP) is looking for a joint investor to develop an area close to Gdynia’s main railway station.

Construction

Permit for three more Olivia buildings in Gdańsk

POLAND Three more Olivia Business Centre office buildings in Gdańsk have been granted building permits.

Investment & finance

Milanówek wants to sell Turczynek

POLAND Turczynek, a 10 ha plot including two historic villas of the Toeplitz family in Milanówek, has been put up for sale.

Fabryka Wołomin acquires new tenant

POLAND Electronics retailer Avans has leased 900 sqm in the Fabryka Wołomin shopping centre which is being built in Wołomin.

General Motors extends Tychy factory

POLAND General Motors is to extend its diesel engine factory in Tychy in an investment of EUR 250 mln.

Many brands, one restaurant in Poznań City Center

POLAND A 500 sqm Pasta restaurant, which will be the first restaurant in Poland to combine catering brands from all over the world, is to be opened in the Poznań City Center shopping mall in March.

Kancelaria Brochocki negotiates 16,000 sqm

POLAND The Kancelaria Brochocki law office has helped negotiate the lease of over 16,000 sqm of office space in Warsaw and Wrocław over the last few weeks.

Cineworld/Cinema City merger meets with Polish approval

EUROPE The proposed merger of Cinema City and Cineworld has been approved by the Polish Office of Competition and Consumer Protection (UOKiK).

Praktiker Ukraine sold

Rafał Ostrowski
journalist

UKRAINE German DIY retail chain Praktiker International has sold its subsidiary Praktiker Ukraine to a private investor represented by Kreston Guarantee Group Ukraine.

Time to invest in Polish property

POLAND The economic stability, the size of the local market, the availability of qualified workers and the broad range of investment possibilities – these are only a few of the advantages of the Polish market that make the country one of the best places to invest in real estate, according to the ‘Investing in Poland’ report published by BNP Paribas Real Estate and the Polish Agency for Foreign Investment (PAIiIZ).

Sephora goes online

POLAND The Sephora perfumeries chain has opened an online store.

Russians to make drugs in Technopark Łódź

POLAND Russian-based pharmaceuticals manufacturer Firn EU has bought a 1.37 ha plot within the Technopark Łódź technology park, where the company is to build a antiviral medicines production plant.

Building permit granted for Tychy aquapark