News

Investment & finance

Elbfonds prepares properties for sale

schedule 18 April 2014

POLAND BNP Paribas Real Estate Capital Markets is to advise Elbfonds in its portfolio management, including the sale of selected properties and advice on project financing.

Residential

Nickel Development builds new estate in Poznań

schedule 18 April 2014
Tomasz Szpyt-Grzegórski

POLAND PTB Nickel has started construction work on a residential project for Poznań-based developer Nickel Development.

Construction

Skanska to redevelop roads in Świętokrzyskie Province

schedule 18 April 2014
Aneta Cichla

POLAND Skanska has won two contracts for the redevelopment of roads in Świętokrzyskie province.

EY sees bull market for Polish real estate

schedule 18 April 2014
Aneta Cichla

POLAND The trends shaping the Polish real estate market include an increase in transaction volumes, a return of speculative investments to the warehouse market, and rising interest in residential portfolio investments, according to research by consultancy EY.

Investment & finance

Immofinanz to take over Galeria Piła

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

POLAND Rank Progress and Immofinanz Group have concluded a preliminary agreement to co-operate on a retail development in Piła.

Investment & finance

Žižkov station memorandum signed

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

CZECH REPUBLIC A co-operation memorandum has been signed to redevelop the derelict Prague-Žižkov freight train station in Prague 3 into a cultural and educational centre.

Retail & leisure

Torgoviy Park N1 opens

schedule 17 April 2014
Rafał Ostrowski
journalist

RUSSIA The Torgoviy Park N1 retail park has opened in Tver. The 63,000 sqm complex is a co-investment of Norman Asset Management, German supermarket chain Globus and French DIY retailer Leroy Merlin.

Kinomax comes to Mozaica

schedule 17 April 2014
Rafał Ostrowski
journalist

RUSSIA Kinomax has leased 4,200 sqm for a nine-screen cinema in the Mozaica shopping centre in southeastern Moscow.

Office & mixed-use development

ING comes to Harfa

schedule 16 April 2014

CZECH REPUBLIC ING Bank has leased 3,600 sqm in the Harfa complex in Prague.

Less office space in Prague

schedule 16 April 2014

CZECH REPUBLIC Total modern office stock in Prague decreased by the end of the first quarter of 2014 and stood at 2.9 mln sqm with class ‘A’ properties accounting for app. 72 pct of the stock, according to the Prague Research Forum.

Warehouse & industrial

Carpets in Segro Logistics Park Stryków

schedule 16 April 2014

POLAND Carpet lining supplier ABlogic has leased 3,500 sqm of warehouse space in Segro Logistics Park Stryków in central Poland.

Brewery site to be redeveloped in EUR 40 mln investment

schedule 16 April 2014

ROMANIA Kiseleff Development is to Invest EUR 40 mln in the development of the former site of the Griviţa brewery in Bucharest, reports local media.

Record revenue for Cushman & Wakefield

schedule 16 April 2014

WORLD Cushman & Wakefield has announced that its gross revenue increased by 21.9 pct to a record USD 2.498 bln in 2013 from USD 2.05 bln in the previous year.

Property and Facility Management

ConvergenCE to manage KPMG HQ

schedule 16 April 2014

HUNGARY KPMG has entrusted real estate asset and property manager, ConvergenCE with the property management of its new Budapest headquarters.

Warehouse & industrial

Bonito.pl moves to Kraków Airport Logistics Centre

schedule 16 April 2014

POLAND Goodman has leased a 4,060 sqm warehouse including 559 sqm of office space to online bookstore Bonito.pl at Kraków Airport Logistics Centre.

Office & mixed-use development

Client & Friends comes to Tulipan

schedule 16 April 2014

POLAND Software provider Client & Friends has leased 1,300 sqm of office space for a five-year term in Tulipan House on ul. Domaniewska in Warsaw’s Mokotów business district.

Even bigger Martes Sport in Galeria Warmińska

schedule 16 April 2014
Tomasz Szpyt-Grzegórski

POLAND Martes Sport has almost doubled the size of the store it is to lease in the Galeria Warmińska shopping centre in Olsztyn.

PHN to pay nearly PLN 100 mln of dividends

schedule 16 April 2014

POLAND Polski Holding Nieruchomości is to pay out a total of PLN 99,849,486.24 in dividends (PLN 2.16 per share) for 2013.

Komputronik in the black

schedule 16 April 2014

POLAND Komputronik has released its preliminary results for Q1 2014 with a revenue of PLN 451.1 mln, up by 22 pct on the PLN 369.7 mln recorded in the same quarter of the previous year.

Construction

Galardia mall topped off

schedule 16 April 2014
Aneta Cichla

POLAND The Galardia shopping centre in Starachowice has been topped off.

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