News

Architecture and urban planning

Design for Małachowskiego Square in Warsaw chosen

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND A team comprising Grzegorz Stiasny, Jakub Wacławek, Jan Bagiński, Filip Dzimwasha, Adam Kluczek and Karolina Kuczyńska has won the second prize in the competition – and a recommendation for the implementation of the design – for the renovation of pl. Małachowskiego in Warsaw. A first prize has not been awarded.

Residential

Matexi to begin seventh Warsaw estate

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND The construction of Matexi’s seventh project in Warsaw is to start soon. The Staffa 9 residential building will be situated on a third of a hectare plot in Warsaw’s Bielany district, near the Słodowiec underground station.

Investment & finance

European bonanza? Banks to offload EUR 584 bln to non-core real estate

schedule 17 July 2014
Agata Kłapeć

EUROPE/ CEE REGION 46 European banks and asset management agencies have a gross exposure of EUR 584 bln to non-core real estate which is subject to disposal or work-out strategies, according to the latest research by Cushman & Wakefield.

Challenging H1 on Ukrainian retail market

schedule 17 July 2014
Rafał Ostrowski
journalist

UKRAINE During the first half of 2014, 45,000 sqm of retail space was added to the total stock in the Ukrainian capital, according to research by DTZ.

Investment & finance

CEE real estate markets excel in transparency

schedule 17 July 2014
Agata Kłapeć

CEE REGION Poland, Hungary and the Czech Republic have been ranked among the top 25 transparent real estate markets in the world, while Romania and Serbia have made some of the world's best improvements in this field, according to the latest Global Real Estate Transparency Index compiled every two years by JLL.

Investment & finance

Prologis buys 94,200 sqm in two halls from Invesco RE

schedule 17 July 2014
Nathan North
managing editor (English section)

POLAND/HUNGARY Prologis has acquired two logistics facilities in Poland and Hungary from Invesco Real Estate through its Prologis European Properties Fund II (PEPF II).

Office & mixed-use development

LDZ quits Brama Miasta Łodzi project

schedule 25 June 2014
Aneta Cichla

POLAND General meeting of shareholders of LDZ Brama has decided not to sign a contract with the borough of Łódź for the construction of Brama Miasta Łodzi, the company informed.

Residential

Polnord residential project underway

schedule 25 June 2014
Aneta Cichla

POLAND Polnord has received an official building permit for Brama Sopocka, its residential development in Gdynia, and has already started work on the project.

Atlas doesn’t give up on Wola skyscraper

schedule 25 June 2014
Tomasz Szpyt-Grzegórski

POLAND Central and East European developer Atlas Estates is determined to build another residential tower on ul. Grzybowska in Warsaw's Wola district. A few years ago, a Hilton hotel and two residential towers were built on the adjacent plots owned by Atlas Estates.

Big names join Yareal supervisory board

schedule 25 June 2014
Aneta Cichla

POLAND Prof. Witold Orłowski, Prof. Andrzej Blikle, Bogusław Kott and Maciej Witucki have been appointed to the supervisory board of Yareal Polska. Prof. Witold Orłowski, one of the most accomplished economists in Poland, specialized in Applied Econometrics and Macroeconomics, will serve as the board’s president.

Atal plans IPO and Czech entry

schedule 17 July 2014
Nathan North
managing editor (English section)

POLAND Polish residential developer Atal is planning a flotation on the Warsaw Stock Exchange to raise between PLN 150–170 mln to finance an expansion into the Czech market, the company’s vice-president Mateusz Juroszek has revealed to Reuters.

Architecture and urban planning

Wirtz reveals designs for Europejski Square

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND Belgian landscape architecture studio Wirtz International Landscape Architects has revealed its designs for the Plac Europejski square project near the Warsaw Spire tower, which is also being developed by Ghelamco.

Investment & finance

IVG Group allowed to live on

schedule 17 July 2014
Nathan North
managing editor (English section)

EUROPE The Bonn Regional Court has given final approval for an insolvency plan to rescue heavily indebted IVG Group.

Investment & finance

Developers fight over Warszawa Główna

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND PKP has postponed the deadline for the submission of projects in the tender for the development the area around the Warszawa Główna Osobowa railway station near Warsaw city centre.

Investment & finance

Falenta leaves Real2B

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND Marek Falenta, who has become embroiled in the recent scandal surrounding the bugging of Polish politicians, has withdrawn from being an investor in Real2B. His shares are to be purchased by other management board members and shareholders.

Retail & leisure

Nine new tenants in Tarasy Zamkowe

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND Immofinanz, the developer of the Tarasy Zamkowe shopping centre in Lublin, has secured nine new leases.

Warehouse & industrial

US tobacco sector engineers now leasing 15,000 sqm in Stryków

schedule 17 July 2014
Nathan North
managing editor (English section)

POLAND US-owned tobacco industry engineering company SWM Poland has increased its warehouse space at Segro Logistics Park Stryków by leasing an additional 4,200 sqm.

Unibep to finish off Zeppelin construction

schedule 25 June 2014
Aneta Cichla

RUSSIA Construction company Unibep will build the facade and perform finishing work in the Zeppelin office building, a part of the Airport City Sankt Petersburg complex at the Pulkovo Airport in St Petersburg. The contractor, hired by Zao Avielen, is set to fulfill the deal by Q2 2015.

Construction

Another part of Robyg project in Wilanów given a go

schedule 25 June 2014
Aneta Cichla

POLAND Robyg Group has received a permit for constructing another stage of the Osiedle Królewskie project that the company is developing in Warsaw’s Wilanów district.

Poland attracts half of CEE investment

schedule 16 July 2014
Rafał Ostrowski
journalist

POLAND/CEE REGION In H1 2014, an investment volume of app. EUR 2.87 bln was recorded in the CEE region (excluding Russia), according to a market summary by JLL.

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