News

POLAND A BREEAM Interim certificate at the ‘Very Good’ level has been awarded to Galeria Bronowice, which is currently under construction in Kraków.

A Fine lease in MLP Pruszków I

POLAND Fine Logistics has leased more than 2,000 sqm in Millenium Logistic Park Pruszków I.

Plaza Centers granted debt moratorium

EUROPE The Amsterdam district court has granted shopping centre developer Plaza Centers’ application for the preliminary suspension of payment proceedings to creditors.

Etalon approves dividend policy

RUSSIA Residential developer Etalon has approved a dividend policy whereby it will pay out in the form of dividends between 15 and 30 pct of its IFRS net profit adjusted for non-cash items if warranted.

Growing demand for XXL warehouses

EUROPE The take-up of XXL warehouses (+50,000 sqm) in Europe have grown above 4 mln sqm in the 18 months since the beginning of 2012, according to the latest research by CBRE.

CTP builds warehousing near Slovak/Austrian border

Office & mixed-use development

CZECH REPUBLIC CTP has acquired land near the Moravian village of Hrušky in the District near the border with Slovakia and Austria.

Waryński rents office from PHN

POLAND Warsaw-based developer Grupa Waryński is changing its head office. The company has leased an office area in Centrum Bankowo-Biurowe Kaskada, which is owned by Polski Holding Nieruchomości.

PBO Anioła buys Warsaw plot

POLAND Protea Development, a subsidiary of PBO Anioła, has concluded a preliminary agreement for the purchase of a plot in Warsaw.

Residential

Yareal starts Brylowska 2

POLAND Yareal Polska has started the construction of the Brylowska 2 residential project in Warsaw’s Wola district.

Investment & finance

Abramovich buys White Gardens

RUSSIA Russian billionaire Roman Abramovich's investment company Millhouse has acquired the White Gardens class ‘A’ office centre in Moscow.

Retail & leisure

DreamWorks theme parks to cost USD 3 bln

RUSSIA The total investment costs for the development of three DreamWorks indoor theme parks that are to be developed by Regions Group of Companies in Moscow, St Petersburg, and Yekaterinburg, are to reach USD 3 bln.

Investment & finance

Feniks in IVG’s hands

POLAND IVG Warschau Fonds, an investment fund managed by IVG Institutional Funds, has bought the Feniks office building on ul. Żelazna in Warsaw for app. EUR 39 mln.

Investment & finance

First Property Group buys stake in Blue Tower Plaza

POLAND UK investor First Property Group has bought a 19.7 pct stake in Blue Tower Plaza (also known as the Blue Skyscraper) on pl. Bankowy in Warsaw, for EUR 5.23 mln.

Retail & leisure

LPP plans intensive development in 2014

POLAND In 2014 the retail area of the stores owned by the LPP group (Reserved, Cropp, House, Mohito and Sinsay) is to increase by 25–30 pct, the company states in its financial report for Q3 2013.

Residential

Vantage estate in Nowe Żerniki

POLAND Vantage Development is to build the Wuwa2 estate in Nowe Żerniki in Wrocław.

Retail & leisure

Carry in new Galeria Pomorska section

POLAND The Carry clothing store in Galeria Pomorska in Bydgoszcz is to be moved to a new section of the centre.

Construction

Olivia Four topped off

POLAND Olivia Four, the fourth building of the Olivia Business Centre complex in Gdańsk, has been topped off.

Atrium sees income growth

POLAND At the end of Q3 the market value of the income portfolio of Atrium Real Estate in Poland (which constitutes 50.3 pct of the income property portfolio of the company) came to EUR 1.2 bln.

Saturated Krasnodar and Samara

14 November 2013

RUSSIA Krasnodar and Samara lead the way among the largest cities in Russia with the greatest saturation of modern retail space, according to the Cushman& Wakefield’s ‘Retail Space Across Russia 2013–2014’ report.

Warehouse & industrial

Tomra signs 14,000 sqm Prologis lease

14 November 2013