News

Alpha Bank buys MLP Bucharest Sud for EUR 14.2 mln

schedule 08 September 2014
Nathan North
managing editor (English section)

ROMANIA AGI-RRE Hera, a subsidiary of Greek bank Alpha Bank, has paid EUR 14.2 mln to buy the MLP Bucharest Sud logistics park in southern Bucharest.

Office & mixed-use development

Corso Court cornerstone laid

schedule 08 September 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC Skanska Property has laid the cornerstone for its Corso Court office project in Prague’s Karlín business district.

Office & mixed-use development

Skanska signs record CEE tenant for Wrocław offices

schedule 08 September 2014
Agata Kłapeć

POLAND IT giant HP has leased app. 16,400 sqm of space in Dominikański, a Skanska office development in Wrocław, where it will move at the end of 2015 or in early 2016 to merge two of its three Wrocław-based Global Business Center offices.

Office & mixed-use development

Turkish Embassy buys Rakowiecka City

schedule 08 September 2014
Aneta Cichla

POLAND Polski Holding Nieruchomości (PHN) has sold Rakowiecka City, its modernist four-storey 1,820 sqm tenement house located at ul. Rakowiecka 19 in Warsaw, to the Embassy of the Republic of Turkey.

Retail & leisure

To-be-extended Fashion City opens in Rzgów

schedule 08 September 2014
Aneta Cichla

POLAND A retail, production and exhibition centre, Miasto Mody (Fashion City), has just opened in Rzgów.

Retail & leisure

Grona Park enters new phase

schedule 08 September 2014
Aneta Cichla

POLAND The Grona Park retail park which is under construction in Zielona Góra has reached its shell stage. The park's developer, Vantage Development, emphasizes that work progresses in accordance with the schedule.

Office & mixed-use development

Pod Różami estate underway

schedule 08 September 2014
Aneta Cichla

POLAND Ground has been broken for Dom Development’s Pod Różami residential estate on ul. Włodarzewska in Warsaw’s Ochota district.

Stokrotka to blossom in Galeria Jastrzębie

schedule 08 September 2014

POLAND This week, a Stokrotka delicatessen is going to open in Galeria Jastrzębie in Jastrzębie-Zdrój. The retailer will take up 1,000 sqm of space previously leased by another grocer, Delima.

Cushman & Wakefield in the green

schedule 08 September 2014
Tomasz Szpyt-Grzegórski

WORLD In H1 2014, Cushman & Wakefield’s gross revenue increased to nearly USD 1.28 bln, a 23.7 pct y-o-y increase. The company’s commission and service fee revenue increased USD 174.2 mln, a 24.2 pct increase, to a record USD 895.2 mln, compared to USD 721 mln in H1 2013.

Echo Investment to issue another tranche of bonds

schedule 08 September 2014
Aneta Cichla

POLAND Warsaw-based developer Echo Investment has decided to issue another tranche of bonds addressed to individual investors. Series ‘C’ will include 750,000 of 3.5-year bonds worth PLN 100 each, the company informed.

Retail & leisure

NEPI shopping mall opens in Bucharest

schedule 05 September 2014
Agata Kłapeć

ROMANIA South Africa-based developer New Europe Property Investments (NEPI) has opened its 25,000 sqm Bucharest shopping mall, Vulcan Value Centre.

PHN to construct build-to-suit retail project in Łódź

schedule 05 September 2014
Tomasz Szpyt-Grzegórski

POLAND Polski Holding Nieruchomości (PHN) is set to start the construction work on a 1,100 sqm retail building in Łodź’s Retkinia district in late 2014 or early 2015, the company informed.

Warehouse & industrial

Prologis signs leases in Wrocław

schedule 04 September 2014
Rafał Ostrowski
journalist

POLAND Prologis has signed four leases in the Small Business Unit Building (SBU), which offers small warehouse modules in Prologis Park Wrocław III.

UPS to invest USD 25 mln in Poland

schedule 04 September 2014
Rafał Ostrowski
journalist

POLAND UPS has plans to invest USD 25 mln in two projects in the Łódź area: one in the town of Stryków, app. 20 km northeast of Łódź, and the other in the city itself.

Retail & leisure

Galeria Pomorska completes second phase

schedule 04 September 2014
Aneta Cichla

POLAND Resolution Property has completed a four-storey car park with 900 spaces in Galeria Pomorska in Bydgoszcz, which marks the completion of the second phase of the mall’s enlargement.

Investment & finance

Offices draw largest investment across Baltics

schedule 04 September 2014
Agata Kłapeć

CEE REGION In H1 2014, the Baltic countries have seen office sector dominating their real estate investment volumes, while their total value reached EUR 385 mln, a 18.4 pct y-o-y drop, says Colliers.

Warehouse & industrial

Czech e-retailer leases 12,000 sqm in Prologis park

schedule 04 September 2014

CZECH REPUBLIC Czech online electronics retailer Alza.cz has leased 12,600 sqm of warehousing space in Prologis Park Prague Úžice.

Segro finalises EUR 208 mln loan for SELP

schedule 04 September 2014
Agata Kłapeć

CEE REGION UK-based Segro has managed to arrange a EUR 208 mln loan for European Logistics Partnership (SELP), its 50/50 joint venture with Canadian pension fund Public Sector Pension Investment Board, to co-finance the EUR 472 mln logistics property purchase it is making across Europe.

16,000 sqm leased in Torgoviy Park N1 in Zhukovskiy

schedule 04 September 2014
Rafał Ostrowski
journalist

RUSSIA A Lenta hypermarket, an H&M fashion store and a Deti children’s store will occupy over 16,000 sqm in total in Torgoviy Park N1, which being developed by Norman Asset Management in Zhukovskiy, 40 km southeast of Moscow.

Plaza Centers gets rid of distressed Romanian asset

schedule 04 September 2014
Agata Kłapeć

ROMANIA Israeli-owned shopping center developer Plaza Centers has ultimately given up on its Târgu Mureș retail project, as it has sold the site, valued at EUR 3.5 mln, to an undisclosed developer.

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