News

LSR to build 440,000 sqm in New Moscow

schedule 23 January 2014
Rafał Ostrowski
journalist

RUSSIA LSR Group is to build a 440,000 sqm residential project on Varshavskoye Shosse in the New Moscow area, app. 15 km from MKAD Moscow ring road.

Office & mixed-use development

S Immo delays making its Mark

schedule 23 January 2014

ROMANIA Austrian developer S Immo has decided to delay the launch of construction work on the Mark office building to be built on Uranus Boulevard in Bucharest and wait for better economic conditions, reports ‘Mediafax’.

Hungary risks losing EU road building funds

schedule 23 January 2014

HUNGARY The European Commission is threatening to withhold EUR 562 mln in funding for Hungarian road construction, reports ‘Magyar Nemzet’.

Investment & finance

GLL moves Charles de Gaulle Plaza between funds

schedule 23 January 2014

ROMANIA The Charles de Gaulle Plaza office building in Bucharest was sold last year for almost EUR 70 mln, reports ‘Ziarul Financiar’.

Construction

Doom sealed for Hotel Praha

schedule 23 January 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC PPF Group has confirmed that it has received a final decision authorising the demolition of the former Hotel Praha in Hanspaulka (Praha 6).

Warehouse & industrial

Two re-lease 13,800 sqm in Panattoni parks

schedule 23 January 2014
Nathan North
managing editor (English section)

POLAND Two lease renewals for a combined area of 13,800 sqm have been signed by tenants of Panattoni warehousing parks.

Office & mixed-use development

Cisco and Eli Lilly remain in Oasis

schedule 23 January 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC Cisco Systems and pharmaceutical company Eli Lilly have extended their respective leases of 800 sqm and 1,500 sqm of office space at Oasis Florenc in Prague 8.

Construction

Drawing studio for Warsaw University of Technology

schedule 22 January 2014

POLAND Skanska has been commissioned by the Warsaw University of Technology to build the Nowa Kreślarnia (New Drawing Studio) for its faculty of transport.

Mostostal Export sells land in Kraków

schedule 22 January 2014

POLAND Mostostal Export subsidiary Pod Fortem-2 has been sold for PLN 22.63 mln, with Kraków-based CEC Property Group Limited buying 100 pct of the shares.

Inbag to be built in Lubań

schedule 22 January 2014
Nathan North
managing editor (English section)

POLAND Closed investment fund Inbap (formerly known as BPF Inwestor) is to build the Inbag retail park in Lubań in the Lower Silesian province.

Growth in home sales continues

schedule 22 January 2014

POLAND Over 7,800 apartments were placed on the market in the October–December period of 2013 in Warsaw, Kraków, Wrocław, the TriCity, Poznań and Łódź, according to figures from Reas.

Investment & finance

Auchan takeover of Real approved

schedule 22 January 2014

POLAND The Office of Competition and Consumer Protection (UOKiK) has approved the takeover of the Real hypermarket chain by Auchan Polska, on condition that eight stores are sold.

Eight move into Warsaw Arkadia

schedule 22 January 2014

POLAND Eight stores with a combined area of more than 1,300 sqm have opened in the Arkadia shopping centre in Warsaw.

Office & mixed-use development

Torus begins Alchemia stage 2

schedule 22 January 2014
Ewa Andrzejewska

POLAND Gdańsk-based developer Torus has started the construction of the second stage of the Alchemia office complex in Gdańsk.

Echo plans PLN 200 mln bond issue

schedule 22 January 2014
Ewa Andrzejewska

POLAND Echo Investment is planning to issue unsecured bonds worth up to PLN 200 mln.

Office take-up hits record levels

schedule 22 January 2014
Rafał Ostrowski
journalist

POLAND Take-up on the Warsaw office market in Q4 2013 reached 115,100 sqm, pushing the total figure for the year up to the record level of 633,200 sqm and 4 pct increase y-o-y, according to figures from the Warsaw Research Forum.

Office & mixed-use development

Lionbridge comes to Oxygen Park

schedule 22 January 2014

POLAND Translation and marketing company Lionbridge Poland has leased 1,600 sqm of office space in Oxygen Park in Warsaw.

Occupiers less pessimistic

schedule 22 January 2014
Rafał Ostrowski
journalist

EUROPE Only 46 pct of the representatives of global corporations claim that the uncertain economic outlook in Europe was a key factor in their real estate strategy, according to the European Occupier Survey published by CBRE.

Budapest office market set to improve, says BRE

schedule 22 January 2014

HUNGARY No new office buildings were delivered to the Budapest office market in the last quarter of 2013 with office stock remaining at 3,172,400 sqm, according to the Budapest Research Forum.

CA Immo buys back own debt

schedule 22 January 2014

EUROPE CA Immobilien Anlagen has acquired a financing portfolio with a nominal value of app. EUR 428 mln from Österreichische Volksbanken.

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