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Retail & leisure

Gagarinsky mall forced to give away its name

schedule 03 October 2013
Eurobuild CEE

RUSSIA A Russian intellectual property court has ruled to annul the registration of the brand ‘Gagarinsky shopping and entertainment centre’, after accepting the arguments of the eldest daughter of the famous cosmonaut Yuri Gagarin that this use of his name is illegal.

Residential

AFI starts 9,000-apartment project near Moscow

schedule 03 October 2013
Rafał Ostrowski
journalist

RUSSIA AFI Development has started the construction of the Odinburg residential project in the town ofOdintsovo, app.30 km southwest from Moscow.

Retail & leisure

AFI mall opens in Ploiești

schedule 03 October 2013
Rafał Ostrowski
journalist

ROMANIA Following 16 months of construction, the AFI Palace Ploiești shopping centre has been officially opened.

Investment & finance

Mebe secures USD 60 mln credit line

schedule 03 October 2013
Rafał Ostrowski
journalist

RUSSIA Mebe Development has obtained a USD 60 mln credit line form Sberbank Rossii. The seven-year loan is to be used for refinancing debt held with CJSC Credit Europe Bank and for financing the completion of the Mebe One Khimki Plaza business centre in the Moscow region.

Investment & finance

Blackstone completes Multi acquisition

schedule 03 October 2013
Nathan North
deputy editor

EUROPE US private equity group Blackstone Group has completed the acquisition of Dutch-based developer Multi Corporation.

Investment & finance

ECE loses CZK 1.8 bln case against Czech state

schedule 02 October 2013
Nathan North
deputy editor

CZECH REPUBLIC German developer ECE has lost a CZK 1.8 bln (app. EUR 70 mln) compensation case against the Czech government over the aborted Galerie Liberec development at the International Court of Arbitration in Paris.

Prologis raises EUR 450 mln for PEPF II

schedule 02 October 2013
Nathan North
deputy editor

EUROPE Prologis has announced that its Prologis European Properties Fund II (PEPF II) has received new capital commitments of EUR 450 mln after opening to new investors for the first time.

Multikino sale goes through

schedule 02 October 2013
Nathan North
deputy editor

POLAND Luxembourg-registered International Trading and Investments (ITI Group) has announced that it has completed the sale of the Multikino chain of cinemas to British group Vue-Entertainment.

P3 completes DHL hub at Bratislava Airport

schedule 02 October 2013
Nathan North
deputy editor

SLOVAKIA PointPark Properties (P3) has completed and handed over a tailor-made distribution facility developed at Bratislava Airport for postal and logistics company DHL Express.

Jysk enters Galeria Rumia

schedule 02 October 2013
Ewa Andrzejewska

POLAND Jysk has signed a five-year lease for space in Galeria Rumia.

Third star for DeSilva hotel

schedule 02 October 2013
Aneta Cichla

POLAND The Warsaw hotel of the DeSilva chain in the city’s Wilanów district has gained its third star by the Masovian provincial government.

Polimex pulls out of PLN 96 mln contract

schedule 02 October 2013
Aneta Cichla

POLAND Polimex-Mostostal has withdrawn from a contract signed in February 2012 with the Lublin provincial government.

PBO Anioła to build Netto store

schedule 02 October 2013
Aneta Cichla

POLAND Protea Development, a subsidiary of PBO Anioła, is to build a turn-key retail and administration building for Netto.

Office & mixed-use development

4,000 sqm sold in Nagatino i-Land

schedule 02 October 2013
Rafał Ostrowski
journalist

RUSSIA Two companies have recently bought office space in the Nagatino i-Land business park in Moscow. Transport company RailTransHolding has bought 2,454 sqm on the 11th and the 12th floors of the Newton business centre (total area 36,064 sqm), while Navigator, specialising in lighting products, acquired a 1,597 sqm office on the 13th floor of the Lobachevskiy business centre (33,381 sqm).

Central European investment surges

schedule 02 October 2013
Rafał Ostrowski
journalist

CE REGION Investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania accelerated significantly in Q3 with around EUR 1.5 bln invested, compared with EUR 630 mln in the previous quarter, according to research by Cushman & Wakefield.

Investment volumes heading for a record year

schedule 02 October 2013
Rafał Ostrowski
journalist

RUSSIA If all the transactions in progress are closed this year, 2013 will be record for investment in Russian retail real estate, according to research by Cushman & Wakefield.

Retail & leisure

Kardan in talks to sell GTC stake

schedule 02 October 2013
Nathan North
deputy editor

CEE REGION Kardan, which owns a 27.75 pct share holding in CEE developer Globe Trade Centre (through its wholly-owned subsidiary GTC Real Estate Holding), has announced that it is the process of selling its stake to a strategic investor.

Office & mixed-use development

Moscow office market under-saturated

schedule 02 October 2013
Rafał Ostrowski
journalist

RUSSIA Moscow has ten times less office space per capita than Zurich or Geneva and five times less than Paris or London, according to the latest research by Jones Lang LaSalle.

Two renew in Budapest for Prologis

schedule 02 October 2013
Nathan North
deputy editor

HUNGARY Two contracts have been signed for space in Prologis warehousing complexes in Budapest.

Retail & leisure

USD 100 mln shopping centre opens in Sochi

schedule 02 October 2013
Rafał Ostrowski
journalist

RUSSIA The Mandarin shopping centre, Russia’s first open-sky mall, has been opened in Sochi on the Black Sea coast.

Edition 9 (291) September 2024

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