News

Investment & finance

Atrium redevelops Warsaw mall

POLAND Management board of Atrium European Real Estate (AERE) has approved the first stage of the extension and modernization plan for the Atrium Promenada shopping centre in Warsaw. According to the company, the shopping centre will get enlarged by as much as 44,000 sqm.

Amrest satisfied with Poland, Hungary and Russia in H1

EUROPE In H1 2014, a Poland-based restaurant operator Amrest, which runs app. 760 bars under KFC, Burger King, Pizza Hut and Starbucks brands, has seen a 8.9 y-o-y increase in its revenue, to PLN 1.4 bln. However, the company also posted a significant drop in net operating profit, which hit PLN 12 mln, as compared to PLN 41.8 mln in H1 2013.

Eurobuild jointly with the "I've got a dream" fundation has granted a dream of Małgosia

Investment & finance

AFI ends H1 with EUR 27.5 mln profit

CEE REGION In H1 2014, AFI Properties, which is the parent company of the CEE developer AFI Europe, has seen an over six-fold y-o-y increase in profit, from EUR 4.3 mln to EUR 27.5 mln. The global real estate investment company’s net operating income hit EUR 39.4 mln, up 10 pct y-o-y.

Goodman optimistic about future

POLAND In its last financial year, Goodman Group has seen a 10 pct boost in operating profit worldwide, to EUR 414 mln, while its total assets under management hit EUR 18.4 bln, up 14 pct y-o-y.

Eiffage to build PLN 45 mln bus factory

POLAND Eiffage Polska Budownictwo has signed a PLN 45 mln deal to extend and redevelop a Solaris bus plant in Bolechów-Osiedle in Wielkopolskie Province, the companies announced.

Retail & leisure

Wrangler now with its very own boutique

POLAND Fashion retailer Wrangler is planning to open its first mono-branded store in Poland, in Warsaw’s Arkadia, by the end of the month, the company announced.

Residential

Dom Development project kicks off

POLAND Ground has been broken for the first stage of the Klasyków II residential estate on ul. Krokwi in Warsaw’s Białołęka district, a Dom Development project.

Hotels

Czarna Góra resort with condo hotel

POLAND Czarna Góra Apartamenty has decided to build a condo hotel near its existing Czarna Góra resort in Sienna near Stronie Śląskie in Poland’s Lower Silesian Province. Located next to the six luxury apartment buildings, the four storey condo hotel is set to house 142 apartments.

Investment & finance

Inpro borrows PLN 25 mln to build Chmielna Park

POLAND Inpro has signed a loan contract with the PKO BP bank for partial financing of the net costs related to the construction of B building at the Chmielna Park estate on ul. Chmielna and ul. Toruńska on the Spichrzów Island in Gdańsk.

Celtic about to invest in Ursus

POLAND On August 15th, after eight years of preparations, the local zoning plan for a brownfields site in the neighbourhood of ul. Orłów Piastowskich in Warsaw’s Ursus district has come into force.

DTZ to keep managing Złote Tarasy

POLAND DTZ has been re-selected to lease and manage the Złote Tarasy shopping centre in Warsaw.

MirLand grows in value

RUSSIA In H1 2014, the total value of MirLand Development Corporation’ assets increased by 15 pct and for the first time hit USD 1 bln, the company has announced.

Retail & leisure

Karuzela spins around in Lubliniec

POLAND Karuzela, a 5,400 sqm shopping centre in Lubliniec, has opened its doors. The retail park will house 13 outlets and a parking lot for 268 cars.

Retail & leisure

Carrefour fills Sonata Park

POLAND The newly-built Sonata Park retail park in Sochaczew has acquired new tenants. The investor, Carrefour Polska, has signed a contract with Smyk (542 sqm), Empik (351 sqm) and Drogeria Natura (184 sqm).

GoSport opens in Poznań’s Plaza

POLAND A 1,000 sqm GoSport store will open in the Plaza Poznań shopping centre. The outlet will be 26th Polish location of the French sports fashion and equipment retail chain.

2,800 sqm for TK Maxx

POLAND TJX Europe, the owner of the TK Maxx discount fashion chain, has leased 2,860 sqm of space in the extended part of the Bielany retail park in Wrocław, owned by Inter IKEA Centre Group Poland.

Austrian brick producer unsatisfied with CEE markets

Lately, Wienerberger, the world’s largest brick manufacturer, has seen its CEE businesses growing rather sluggishly, as it expects to earn EUR 100 mln by the end of 2016, including EUR 10 mln this year.

Romtelecom to sell off ten properties

ROMANIA Telecommunications provider Romtelecom has put up for sale its ten Romanian properties. Located in Bucharest and a few smaller cities, they were valued at EUR 3.6 mln net in total, according to the local news agency Mediafax.

Warehouse & industrial

Nowa Era expands logistics operations

POLAND Polish publishing house Nowa Era has extended its cooperation with Segro by renting out 7,000 sqm of space at Segro Business Park Warsaw in Ożarów to better integrate its growing logistics operations.