News

Office & mixed-use development

Historic CDT to become sleek Cedet

schedule 28 July 2014
Tomasz Szpyt-Grzegórski

POLAND Immobel is starting the redevelopment and extension work on Centralny Dom Towarowy, the former department store building located at the junction of Al. Jerozolimskie and ul. Krucza in central Warsaw. The entire project will be worth over PLN 400 mln inclusive of the land plot.

Office & mixed-use development

Two new tenants fill Warsaw Sky Office Center

schedule 28 July 2014

POLAND Marketing company ClickQuickNow has leased 220 sqm in Sky Office Center, an office building located in Warsaw’s Mokotów district. The company, which will be occupying the space for the next six years, completes the 4,800 sqm development.

Warehouse & industrial

Panattoni Park Łódź East enters homestretch

schedule 25 July 2014

POLAND Panattoni Europe has laid cornerstone for its fifth, 24,000 sqm warehouse at the 187,000 sqm Park Łódź East complex, which opens the final chapter in the park’s construction work. The development's general contractor is Kajima Poland, the company informed.

Eurobuild Awards: Trip to Disneyland thanks to Eurobuild Awards gala

schedule 25 July 2014

“To spend a few days in Disneyland in France,” this is what a group of children was wishing for some time ago. We have helped to fulfill this very special dream by having a charity auction at the Eurobuild Awards gala last year.

Residential

Atal develops another residential estate

schedule 25 July 2014
Ewa Andrzejewska

POLAND Atal is working on another residential estate in Warsaw, Nowe Bemowo. Located on ul. Narwik, the development will offer 90 apartments at PLN 5,800 per sqm with floor plans ranging from 28.6 sqm to 101.7 sqm.

Accor Group raises EUR 900 mln from bond issue

schedule 25 July 2014
Ewa Andrzejewska

EUROPE French hotel giant Accor Group has issued perpetual hybrid bonds estimated at EUR 900 mln. Although the securities have no maturity date, they will be first callable after June 30th, 2020, with yield reaching 4.125 pct.

Retail & leisure

Shopping malls on rise in Poland

schedule 25 July 2014
Agata Kłapeć

POLAND Retail real estate market in Poland is seeing a healthy growth as smaller cities willingly develop new shopping centres to enhance local offer and catch up with big cities, a study by JLL shows.

Warehouse & industrial

Prologis posts strong Q2 results in CEE

schedule 25 July 2014
Agata Kłapeć

CEE REGION In Q2 2014, Prologis has signed new lease contracts for 157,000 sqm of space and renewals of more than 274,000 sqm. In total, the US-based company leased nearly 520,000 sqm in Central and Eastern Europe, up 86 pct y-o-y, while its occupancy rate in the region stood at 90.1 pct.

Segro Ożarów warehouse with furniture tenant

schedule 25 July 2014

POLAND Denmark-based furniture retailer BelBazaar has signed a 700 sqm lease contract with Segro for its warehouse space in Ożarów. The new tenant will move into the 36,600 sqm Segro Business Park Warsaw facility in December 2014.

Strabag to build EUR 128 mln Kraków road project

schedule 24 July 2014
Agata Kłapeć

POLAND Austrian construction company Strabag has signed a EUR 128 mln contract with the General Directorate for National Roads and Highways (GDDKiA) to construct a stretch of the Kraków S7 expressway, the so-called “Trasa Nowohucka.”

Investment & finance

CEE markets increasingly attract investors

schedule 24 July 2014
Agata Kłapeć

CEE REGION In Q2 2014, Romania, Hungary, the Czech Republic and Poland have seen an enormous growth in the commercial real estate investment driven by low interest rates and strong appetite for properties, according to the latest research by CBRE.

Residential

Polish residential market flexes muscles

schedule 23 July 2014
Tomasz Szpyt-Grzegórski

POLAND In Q2 2014, the residential developers in Poland have marketed a record number of apartments. Even though the sales remained strong, the number of the newly-offered units increased for the first time in two years, according to Reas. The record number marks the third strong consecutive quarterly growth.

Office & mixed-use development

Immofinanz Group retains tenants

schedule 24 July 2014
Ewa Andrzejewska

POLAND Immofinanz Group has managed to renew its existing Warsaw lease contracts and signed some new deals for app. 14,000 sqm of office space in the city.

Office & mixed-use development

Tech company expands in Wrocław West House

schedule 24 July 2014
Tomasz Szpyt-Grzegórski

POLAND Objectivity Bespoke Software Specialists has decided to extend its 4,000 sqm lease in West House 1B, an office building in Wrocław, by 1,160 sqm.

Office & mixed-use development

Ground broken on Kraków Browar Lubicz

schedule 24 July 2014
Tomasz Szpyt-Grzegórski

POLAND Ground has been broken for the second part of Browar Lubicz, a residential, office and retail complex in Kraków.

Retail & leisure

Ciechanów shopping mall expands by 3,000 sqm

schedule 23 July 2014
Ewa Andrzejewska

POLAND Eight-year old Galeria Mrówka, a Ciechanów shopping centre, has informed that it will undergo an extensive refurbishment and extension by the end of Q3 2015. The construction work, which is scheduled to begin in Q3 2014, will be performed by the mall’s owner, Rolbud.

Aldesa to build science centre in Warsaw

schedule 23 July 2014
Tomasz Szpyt-Grzegórski

POLAND A consortium composed of Aldesa Construcciones Polska and Aldesa Construcciones has signed a contract with the University of Warsaw for constructing a teaching building for the Faculty of Physics.

Retail & leisure

Fitness club in Kraków Plaza

schedule 13 June 2014

POLAND Fitness Platinium has joint the tenant list of the Plaza Kraków shopping centre.

Office & mixed-use development

Nike to open in Royal Wilanów

schedule 23 July 2014
Ewa Andrzejewska

POLAND Capital Park Group has signed a lease deal with an authorized dealer of Nike for 426 sqm of retail space in Royal Wilanów in Warsaw. The under construction five storey building will house Nike’s largest single-brand outlet in Poland.

Office & mixed-use development

Gdańsk historical treasure to regain glory

schedule 23 July 2014
Tomasz Szpyt-Grzegórski

POLAND In 2015, a 17th century tenement house located at 10 Rycerska St. in Gdańsk will start undergoing renovation that will tranform it into a truly unique office building.

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