News
Investment & finance
Israeli developer sees increased rental income in Russia, profit dips
RUSSIA AFI Development, a Russian subsidiary of the Israeli-based Africa Israel Investments development and construction holding, has seen a 9 pct y-o-y increase in rental and hotel operating income in the first half of the year, to US 74.8 mln (EUR 56.9 mln). However, the company’s revenues plunged to US 76.2 mln (EUR 58 mln), compared to US 123.9 mln (EUR 94.3 mln) in H1 2013.
Global City Holdings profits up to EUR 13.9 mln
POLAND The net profit of Global City Holdings (formerly Cinema City International) for the first half of the year increased to EUR 13.9 mln from EUR 8.1 mln in H1 2013.
Retail & leisure
Echo buys plot for Galeria Sudecka extension
POLAND Echo Investment has won a tender for the purchase of investment land next to its Galeria Sudecka shopping centre project in Jelenia Góra.
Investment & finance
Warimpex hotels hit by Russian-Ukrainian crisis
CEE REGION In H1 2014, Vienna-headquartered developer Warimpex has seen a EUR 10.8 mln loss y-o-y with a 7 pct y-o-y decrease in total revenues. The latter broke down into a 9 pct y-o-y drop in the company's hotels revenues dropping, a 33 pct y-o-y slide in the development & services revenues and a 19 pct y-o-y surge in the investment properties revenues.
Investment & finance
Revenue boost for P.A. Nova
POLAND Construction and development company P.A. Nova’s sales revenue increased by app. PLN 12 mln, from PLN 67 mln after the first six months in 2013 to almost PLN 79 mln in the January–June 2014 period.
Orco value plummets after disposals
CEE REGION Orco Property Group registered as loss of EUR 63 mln for the first half of the year, which the company attributes mostly to the loss of revenue and impairments due to the disposal of shares in its German residential subsidiary GSG Group and the site for its proposed Bubny retail development in Prague.
Echo profits grow by 40 pct
POLAND Echo Investment closed the first half of the year with a net profit of PLN 424.8 mln, which constitutes a growth of almost 40 pct on the same period in 2013.
Construction
Permit for Art Norblin
POLAND Capital Park has obtained the final building permit for the Art Norblin project on ul. Żelazna in Warsaw. The work is to start in Q1 2015.
Investment & finance
Mirbud increases revenue and issues bonds
POLAND In the first half of the financial year Mirbud group generated revenue of PLN 501.3 mln, representing an almost twofold growth on the PLN 267.5 mln registered in H1 2013.
Nowy Rynek Jelenia Góra project moves to next stage
POLAND The construction of the Nowy Rynek shopping centre in Jelenia Góra has now moved up to ground level.
Residential
Atal finishes Dyrekcyjna 33
POLAND An occupancy permit has been issued for the six-storey Dyrekcyjna 33 building in Wrocław, a project by Cieszyn-based developer Atal.
Interior design
Polish bathroom recognised by SBID
POLAND A bathroom designed by Polish interior designer Ewelina Niska has gone through to the finals of the prestigious SBID International Design Awards competition, which is organised by a British interior design association.
Orbis sees growth in profits
POLAND The profit generated by Grupa Orbis in the first half of the year amounted to PLN 22 mln – an almost 20 pct increase on H1 2013.
Warehouse & industrial
Kolporter stays in Śląskie Centrum Logistyczne
POLAND Kolporter has prolonged its lease of almost 4,000 sqm in Śląskie Centrum Logistyczne in Sosnowiec.
Market interest in CEE data centres continues to surge
EUROPE/ CEE REGION In H1 2014, connectivity hubs in Europe have sold a total of 38MW of customer IT power, a 68 pct y-o-y increase. Currently dominated by London, Frankfurt and Amsterdam facilities, the European data centre industry is starting to blossom in the CEE region where more and more facilities of this kind is being developed, says CBRE in its latest report.
Goldman Sachs doubles its stake in O1 Properties
RUSSIA Goldman Sachs International has bought another 6 pct of O1 Properties’ shares, thus increasing its stake in the Russian developer to 12 pct.
Office & mixed-use development
Centrum Marszałkowska given go-ahead
POLAND BBI Development has received the final building permit for the Centrum Marszałkowska mixed-use project in the centre of Warsaw.
Retail & leisure
Plaza Centers keeps losing money but not visitors
CEE REGION In H1 2014, struggling shopping-centre developer Plaza Centers has seen its profit decreasing to EUR 12.6 mln, an 11 pct y-o-y slip and its total assets shrinking by EUR 67 mln over just six months, to EUR 519 mln, as the company continues to implement its debt restructuring plan.
Danone Bucharest headquarters changes hands
ROMANIA Cyprus-based development and investment company Secure Property Development & Investment has taken over EOS Business Park, a Bucharest office building fully leased out by Danone Romania, for EUR 5.85 mln.
Warsaw and Budapest drive CEE office performance
EUROPE/ CEE REGION In Q2 2014, European prime office rents have increased by 0.4 pct, slightly lower than at the beginning of the year when they hit 1.1 pct. Meanwhile, leasing volumes in Europe reached 2.8 mln sqm, a 19 pct quarter-over-quarter increase and an 11 pct year-over-year surge, according to the latest study by JLL.
Categories
Architecture and urban planning
Praga to tower up over Warsaw
High-rise developments may be developed near the National Stadium metro station. The city's spatial policy clearly aims to break down the division bet ...
ULI releases New Urban Poland report
Plans created for Airport City around CPK
Construction
Mirbud wins PLN 168 mln contract for Warsaw sports hall
Mirbud has signed a contract with Warsaw University of Technology to build a sports and events hall next to the Syrenka Stadium in Warsaw. The design- ...
Budimex to build archive for Adam Mickiewicz University
Budimex to rebuild the I/43 Road
Coronavirus
Vaccination centre provided by Globalworth
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Employers in no rush to return to workplaces
Catella sees hope and chances for real estate after Covid-19
Corporate social responsibility
Not only for horses
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Panattoni sticks to the fairway
Colliers ends operations in Russia, Belarus
Data centres
Hillwood moves planned data centre further from homes
Hillwood Polska has revised plans for its planned data centre campus in Reguły, in the Michałowice municipality. Following feedback from local residen ...
Poland to benefit from data centre realignment
Data centres spread out across the region
E-commerce
This is the end
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Wildberries now growing in Ukraine
Wildberries growing in April
ESG
PAD RES to construct three solar farms
PAD RES Group has secured PLN 192.5 mln in long-term financing from UniCredit to fund the construction and operation of three photovoltaic farms in Po ...
BRE launches BREEAM Refurbishment and Fit Out V7
Ocean Winds starts BC-Wind service base in Władysławowo
Eurobuild Awards
New venue and date for the Eurobuild Awards Gala!
The 16th Eurobuild Awards Gala is now on the horizon! And there has been a CHANGE OF DATE AND LOCATION. The Gala will now take place on December 8th, ...
All the winners of the EurobuildCEE Awards 2025!!
The winners of the Eurobuild Awards 2024!
Eurobuild FM
The power of community
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
A breath of fresh air from France, or comments from Cannes part 3
A breath of fresh air from France, or comments from Cannes part 2
EurobuildCEE
The June issue of Eurobuild is now out!
The June issue of EurobuildCEE magazine has now hit the shelves! And one of its recurring themes is how best to operate in an increasingly mature and ...
This sporting real estate life
The May issue of Eurobuild is now out!
Events
JLL Charity Beach Volleyball Tournament on August 6th
On 6 August, the 15th JLL Charity Beach Volleyball Tournament for the Real Estate Industry will take place at Warsaw's Monta Beach Volley Club. Eurobu ...
Three days of lakeside cycling: EQT on the Move
Let's play volleyball again
Exclusive
The man from NASA
Czechia stands out as the CEE country with the largest volume of domestic capital invested across the region itself. Now, NASA Capital has entered Pol ...
Strengthening our presence – Wolfgang Molnar of Erste Group Bank
Experienced and out-of-the-box – Josef Malíř of SCF
Eye to eye
Eye to eye… with Władysław Grochowski
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
Eye to eye… with Paweł Sapek
Eye to eye with… Daniel Bienias
For Ukraine
Nansen Refugee Award goes to Poland!
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Build Europe supports refugees and appeals to European Commission
Former Russian building to house Ukrainian refugees
Green projects
EIB grants CTP solar-powered €200m loan
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
Cromwell granted €66m green loan for Janki
Pad Res to build 2 PV farms in Pomerania
Hotels
Accor to open Tribe hotel at Kraków Airport
Accor has signed a franchise agreement for the Tribe Kraków Airport hotel. Located next to the airport terminal, the 170-room property is scheduled to ...
Bucharest Hotel Market Set for Growth
Bob W to open fifth Tallinn property at Krulli Quarter
Human resources
Ghelamco reshuffles management team in Poland
Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as ...
Leadership change at Nepi Rockcastle
Change at the top for ULI Europe
Infrastructure
Port Polska and Kielce plan cargo terminal
Port Polska and the City of Kielce have signed a letter of intent covering plans for a cargo terminal in Obice, near Kielce. The centre would handle b ...
New railway station planned for Łapy
EUR 54 bln worth of contracts to be awarded for Port Polska in 2026
Interior design
ING Hubs Poland opens new HQ in The Form
ING Hubs Poland is officially moving into its new headquarters in The Form office building in Warsaw’s Wola business district. The more than 6,000 sqm ...
New food hall in Poznań
New look for Eurocentrum lobby
Investment & finance
Polish investors turn to commercial property
Polish investors are increasingly putting capital into the domestic commercial property market, with logistics and warehouse facilities, smaller offic ...
Ghelamco sells Warsaw’s The Bridge to Eastnine for EUR 285 mln
Uniqa launches EUR 600 mln fund
Land acquisitions
Panattoni enlarges its Swedish portfolio
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
CTP purchases land in Kragujevac
CTP secures major brownfield site
Material partner
Brownfield rather than greenfield – a model for sustainable development at City Point Targówek
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Nordbygg 2024: Many innovations and strong interest
Excellent Fern at Off Piotrkowska
Office & mixed-use development
Unibep moves into DL Tower
Unibep has leased around 200 sqm at DL Tower in Katowice. The space was handed over on 1 September 2026.
Compensa leases around 500 sqm in DL Craft
Mieszko takes 700 sqm at Jerozolimskie Business Park
Property and Facility Management
ISS takes over technical management of Axis in Kraków
ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing tec ...
Savills takes on TFI PZU retail portfolio
JLL takes on Equal Business Park
Public buildings
Prague 14 begins construction of primary school in Jahodnice
Prague 14 has begun construction of a new primary school in Jahodnice. The school, at U Hostavického potoka Street, will accommodate 540 pupils, with ...
Construction begins on emergency care unit at Prague’s Thomayer University Hospital
Dekpol to redevelop the Poznań Palm House
Residential
Monting Development starts construction of CU-Cynamonowa Ursynów in Warsaw
Monting Development has secured the final building permit for CU-Cynamonowa Ursynów, a residential project in Warsaw’s Ursynów district. Construction ...
Nova Wola Park receives occupancy permit
Sandberg Capital enters Prague residential market
Retail & leisure
Tenant mix expands in Focus
Focus Bydgoszcz has added several new tenants in recent weeks, with 21 openings planned at the centre in 2026. Occupancy currently stands at 99 pct. N ...
Marino now upgraded
ShockPrice to open in M Park
Technology
Logicor brings smart metering to Polish portfolio
Logicor is set to complete the rollout of smart metering across all 18 of its logistics parks in Poland by the end of 2026, giving tenants real-time v ...
Singu takes over QRmaint
Łukasiewicz Research Network opens technology laboratory
Warehouse & industrial
Panattoni builds for Copco
Panattoni has started construction of a manufacturing facility for Atlas Copco Group in Okmiany, Lower Silesia. The BTS plant will provide around 5,60 ...
