News

Investment & finance

Feniks in IVG’s hands

schedule 15 November 2013

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

schedule 15 November 2013
Aneta Cichla

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

schedule 15 November 2013
Aneta Cichla

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

schedule 15 November 2013
Aneta Cichla

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

Retail & leisure

Carry in new Galeria Pomorska section

schedule 15 November 2013
Aneta Cichla

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

schedule 15 November 2013

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

Atrium sees income growth

schedule 15 November 2013

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

schedule 14 November 2013
Rafał Ostrowski
journalist

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

schedule 14 November 2013
Nathan North
managing editor (English section)

SLOVAKIA Sensor-based technologies company Tomra has signed a 15-year lease for a 13,900 sqm built-to-suit facility in Prologis Park Bratislava.

Investment & finance

PPF takes over O2 Arena

schedule 14 November 2013
Nathan North
managing editor (English section)

CZECH REPULIC PPF has become the majority owner of the O2 Arena in Prague after acquiring KKCG’s 50 pct stake in Lindus Services Limited.

Residential

Arco Vara to build Manastirski Livadi complex

schedule 14 November 2013
Rafał Ostrowski
journalist

BULGARIA Arco Manastirski, the Bulgarian subsidiary of Estonian real estate group Arco Vara, has contracted Komfort to construct 132 apartments and 86 underground parking spaces (blocks ‘A’ and ‘B’) in the Manastirski Livadi residential complex.

Investment & finance

Plaza Centers to default on bond repayments

schedule 14 November 2013
Nathan North
managing editor (English section)

CEE REGION Israeli-owned CEE shopping centre developer Plaza Centers has announced that it will be unable to make an app. EUR 15 mln payment due to Polish bondholders on November 18th 2013 and an app. EUR 17 mln payment due to Israeli bondholders on December 31st 2013.

Retail & leisure

Kyiv to see record retail space delivery in 2014

schedule 14 November 2013
Rafał Ostrowski
journalist

UKRAINE In 2014 Kyiv’s retail real estate is to witness a record-breaking new supply of 470,000 sqm due to the completion of several large complexes, according to Jones Lang LaSalle.

Office & mixed-use development

Cisco leases half of Enterprise Park phase II

schedule 13 November 2013
Nathan North
managing editor (English section)

POLAND Cisco Poland has leased 7,000 sqm of office space in Enterprise Park in Kraków’s Podgórze district.

Construction

Work begins on DomExpo centre

schedule 13 November 2013
Aneta Cichla

POLAND Construction work on an exhibition centre for the construction and interior design sectors has started at the junction of Trasa Toruńska and ul. Modlińska in Warsaw.

Warehouse & industrial

Karlovarská BP fully leased

schedule 13 November 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC The Karlovarská Business Park in Prague 6 is now fully-leased after two contracts were signed.

Best Q3 since crisis

schedule 12 November 2013

EUROPE The value of investment transactions on the commercial property market in Q3 2013 increased by 17.7 pct compared to the same period last year, according to research by Cushman & Wakefield.

Unibep contracted by Dom Development

schedule 12 November 2013
Aneta Cichla

POLAND Unibep has been chosen to be the general contractor by Dom Development for the first stage of the Apartamenty Saska nad Jeziorem estate in Warsaw.

Orbis finishes Q3 on the up

schedule 12 November 2013

POLAND For the third quarter the like-for-like EBITDA of the Orbis hotel group amounted to PLN 69.8 mln compared to PLN 60.9 mln in 2012.

Retail & leisure

TK Development and BPH fund plan CK 61 extension

schedule 12 November 2013
Ewa Andrzejewska

POLAND The Centrum Krakowska 61 shopping centre in Warsaw’s Włochy district is to be extended, ‘Eurobuild CEE’ has discovered.

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