News

POLAND Polish make-up producer Eveline Cosmetics has prolonged its lease in Tulipan Park Warszawa.

Construction

Takeda factory under construction

POLAND The foundation stone has been laid for a medicine factory in Łyszkowice near Łowicz.

Residential

Olimpia Port gets bigger

POLAND Archicom is soon to start the construction work on the fourth stage of the Olimpia Port estate in Wrocław.

Hotels

Zdrojowa Invest buys Kołobrzeg project

POLAND Zdrojowa Invest has acquired the Diune Hotel***** & Resort hotel and apartment project in Kołobrzeg from BNP Paribas Bank.

Investment & finance

CZK 2 bln loaned for Quadrio

Nathan North
managing editor

CZECH REPUBLIC A loan of CZK 2 bln (EUR 78 mln) is to be provided by Helaba and UniCredit Czech Republic for the Quadrio mixed-use development in Prague city centre.

First stone for Lublin castle mall

Nathan North
managing editor

POLAND The foundation stone has been laid for the Tarasy Zamkowe shopping centre project in Lublin.

Residential

MirLand borrows USD 96 mln from SberBank

Rafał Ostrowski
journalist

RUSSIA MirLand subsidiary Petra 8 has secured a non-revolving credit line of up to USD 96 mln from SberBank.

Office & mixed-use development

ROMANIA What goes up must come down

Alex Hayes
journalist

ROMANIA The 18-storey 25,000 sqm Cathedral Plaza office building in Bucharest is unlikely to be demolished this year, as has been ordered by a court in Ploiești, because it is unclear who is to pay for the work.

Capital Park to list on WSE

POLAND The Capital Park group has announced plans to debut on the Warsaw Stock Exchange.

Griffin sues Poland

POLAND Griffin Group has begun legal action against the Republic of Poland.

Nearly 1,300 sqm leased in Dekada Brodnica

POLAND Dekada Brodnica, a shopping centre being developed by Dekada Realty, is 80 pct leased.

PEC Fund acquires Manhattan Business and Distribution Centre

POLAND CBRE Global Investors has completed the EUR 30 mln acquisition of the Manhattan Business and Distribution Centre in Warsaw on behalf of the Pan European Core Fund (PEC Fund) from Akron Investment Central Eastern Europe II, managed by Heitman International.

Trzy Korony now open

POLAND The Trzy Korony shopping centre developed by CD Locum was opened on October 26th in Nowy Sącz. Construction work on the 35,000 sqm centre, which offers over 120 stores and a car park for 800 vehicles took 2.5 years.

Toys”R”Us to enter Lublin

POLAND Toys”R”Us is to open a toy store in the Galeria Olimp shopping centre in Lublin.

Construction

Interbud-Lublin to build estate near Warsaw

POLAND Interbud-Lublin has been appointed the general contractor of three residential buildings on ul. Arakowa in Zamienie in the Lesznowola administrative district near Warsaw.

Polimex continues restructuring

POLAND Polimex-Mostostal has signed an annexe to the restructuring agreement with its creditors.

Intersport reduces loss

POLAND Intersport Polska made an estimated loss of PLN 1.9 mln gross in Q3 2013 representing a 29 pct improvement on the PLN 2.7 mln loss the company made over the same period of 2012.

Troubles for ED Invest

POLAND ED Invest has adjusted its profit forecast for 2013.

Tenants stay in Gemini Park

POLAND Nearly 80 pct of the current tenants comprising 50 brands have prolonged their leases in the Gemini Park shopping centre in Bielsko-Biała.