News

Mostostal Export sells land in Kraków

schedule 22 January 2014

POLAND Mostostal Export subsidiary Pod Fortem-2 has been sold for PLN 22.63 mln, with Kraków-based CEC Property Group Limited buying 100 pct of the shares.

Inbag to be built in Lubań

schedule 22 January 2014
Nathan North
managing editor (English section)

POLAND Closed investment fund Inbap (formerly known as BPF Inwestor) is to build the Inbag retail park in Lubań in the Lower Silesian province.

Growth in home sales continues

schedule 22 January 2014

POLAND Over 7,800 apartments were placed on the market in the October–December period of 2013 in Warsaw, Kraków, Wrocław, the TriCity, Poznań and Łódź, according to figures from Reas.

Investment & finance

Auchan takeover of Real approved

schedule 22 January 2014

POLAND The Office of Competition and Consumer Protection (UOKiK) has approved the takeover of the Real hypermarket chain by Auchan Polska, on condition that eight stores are sold.

Eight move into Warsaw Arkadia

schedule 22 January 2014

POLAND Eight stores with a combined area of more than 1,300 sqm have opened in the Arkadia shopping centre in Warsaw.

Office & mixed-use development

Torus begins Alchemia stage 2

schedule 22 January 2014
Ewa Andrzejewska

POLAND Gdańsk-based developer Torus has started the construction of the second stage of the Alchemia office complex in Gdańsk.

Echo plans PLN 200 mln bond issue

schedule 22 January 2014
Ewa Andrzejewska

POLAND Echo Investment is planning to issue unsecured bonds worth up to PLN 200 mln.

Office take-up hits record levels

schedule 22 January 2014
Rafał Ostrowski
journalist

POLAND Take-up on the Warsaw office market in Q4 2013 reached 115,100 sqm, pushing the total figure for the year up to the record level of 633,200 sqm and 4 pct increase y-o-y, according to figures from the Warsaw Research Forum.

Office & mixed-use development

Lionbridge comes to Oxygen Park

schedule 22 January 2014

POLAND Translation and marketing company Lionbridge Poland has leased 1,600 sqm of office space in Oxygen Park in Warsaw.

Occupiers less pessimistic

schedule 22 January 2014
Rafał Ostrowski
journalist

EUROPE Only 46 pct of the representatives of global corporations claim that the uncertain economic outlook in Europe was a key factor in their real estate strategy, according to the European Occupier Survey published by CBRE.

Budapest office market set to improve, says BRE

schedule 22 January 2014

HUNGARY No new office buildings were delivered to the Budapest office market in the last quarter of 2013 with office stock remaining at 3,172,400 sqm, according to the Budapest Research Forum.

CA Immo buys back own debt

schedule 22 January 2014

EUROPE CA Immobilien Anlagen has acquired a financing portfolio with a nominal value of app. EUR 428 mln from Österreichische Volksbanken.

Retail & leisure

Multiplex enters Lavina Mall

schedule 22 January 2014
Rafał Ostrowski
journalist

UKRAINE Ukrainian cinema chain Multiplex is to open a 12-screen cinema with a total number of 1,500 seats in Lavina Mall on Akademika Palladina street in Kyiv.

Retail & leisure

Sportmaster leases 4,000 sqm in Respublika

schedule 22 January 2014
Rafał Ostrowski
journalist

UKRAINE Moscow-based sports goods retailer Sportmaster has joined the group of anchor tenants of the Respublika shopping centre in Kyiv.

Office & mixed-use development

Ghelamco in exclusive talks over Warszawa Gdańska

schedule 21 January 2014

POLAND The Polish State Railways (PKP) is to negotiate exclusively with Ghelamco Poland subsidiary Ghelamco GP 6 over the future development of the Warszawa Gdańska railway station and its 4.7 ha site in Warsaw.

Property and Facility Management

New manager for Orco Tower and Prosta 69

schedule 21 January 2014
Aneta Cichla

POLAND Master Management Group has been appointed to manage the Orco Tower and Prosta 69 office buildings in Warsaw, which are owned by a fund managed by CPI.

Nanette Real Estate Group reduces stake in Robyg

schedule 21 January 2014

POLAND Nanette Real Estate Group, one of the largest shareholders in residential developer Robyg, has sold a 5.3 pct stake in the company, reducing its shareholding to 19.9 pct.

Empik issues and redeems bonds

schedule 21 January 2014
Aneta Cichla

POLAND Empik Media & Fashion has redeemed 250 discount bonds with a value of PLN 25 mln.

Orbis releases preliminary results

schedule 21 January 2014
Aneta Cichla

POLAND In 2013 the revenue of hotel developer Orbis came to PLN 682.6 mln, according to the group’s preliminary results.

Investment & finance

PPG raises PLN 14.5 mln from share issue

schedule 21 January 2014
Aneta Cichla

POLAND/RUSSIA Platinum Properties Group has raised PLN 14.5 mln from the sale of 58 mln new shares, representing 8.3 pct of the share capital of the company.

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