News

Central European Retail Fund launched

POLAND/CZECH REPUBLIC Warburg - Henderson has launched the Central European Retail Fund, which is aimed at institutional investors and will invest in retail properties in Poland and the Czech Republic.

More bonds issued by GTC

POLAND Globe Trade Centre has issued 20,000 bonds worth PLN 200 mln to Polish financial institutions with the funds to be used to roll over bonds that mature in April as well as to finance the future development of the company.

Retail & leisure

Galeria Mokotów refinanced

POLAND Unibail Rodamco has received EUR 200 mln in refinancing for the Galeria Mokotów shopping centre in Warsaw.

Qualia wants changes to Eastern Wall

POLAND Qualia Development, which is part of the PKO group, is preparing to begin work on a project on the site of PKO Bank’s headquarters at the junction of ul. Marszałkowska and ul. Sienkiewicza in Warsaw.

Slovaks take over Szczyrkowski ski resort

POLAND Slovak-based Tatry Mountain Resorts has taken a 97 pct stake in the Szczyrkowski Ośrodek Narciarski ski resort, which owns 25 km of ski slopes. The acquisition was finalised on March 5th.

Office & mixed-use development

New splendour for old barracks

POLAND The UBIQ Business Park office and service complex is being developed on ul. Grunwaldzka, ul. Wojskowa and ul. Ułańska in Poznań in an investment of PLN 25.6 mln net.

PBO Anioła in trouble

POLAND ING Bank Śląski and Bank Millennium have terminated their loan agreements PBO Anioła and its subsidiaries.

Retail & leisure

Galeria Amber to open March 20th

POLAND Echo Investment’s Galeria Amber shopping centre in Kalisz has received an occupancy permit and is to be opened on March 20th.

And now comes the 5th Eurobuild Awards in Poland and the CEE.

Zaparoh leases 11,252 sqm in PointPark Poznań

POLAND Furniture manufacturer Zaparoh has signed a lease agreement for a 11,252 sqm BTS warehouse and production building in PointPark Poznań.

Office & mixed-use development

Green Court turns to Orange

ROMANIA Telecom company Orange is in advanced negotiations for 13,000 sqm of office space in Green Court in Bucharest, which is being developed by Skanska.

Raven Russia with strong results

RUSSIA Warehouse developer Raven Russia has recorded a 37 pct y-o-y increase in net operating income for 2013, up from USD 135.6 mln in 2012 to USD 186.4 mln.

Hornbach to open DIY store in Prague-Čestlice

CZECH REPUBLIC Hornbach is planning to open a DIY store in Čestlice just south of Prague on March 19th.

Investment & finance

Secure Property to buy 17,000 sqm logistics park in Bucharest

ROMANIA Secure Property Development & Investment is to acquire the Innovations logistics park in Bucharest from Myrian Nes and Theandrion Estates.

Investment & finance

IVG snaps up Chmielna 25

POLAND IVG Warsaw Investment Fund, managed by IVG Institutional Funds, has acquired the Chmielna 25 building from LHI.

Tender announced for A1 section

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has announced a tender for the construction of the A1 motorway between Rząsawa and Pyrzowice.

Hotels

Best Western enters Opole

POLAND The first Best Western hotel has opened in Poland’s Opole region. Best Western Hotel Opole Centrum is the 21st Best Western hotel in Poland.

Budimex to construct Arte Nova

POLAND Budimex has been appointed by Bouygues Immobilier Polska to construct two stages of the Arte Nova residential complex on ul. Jana Kazimierza in Warsaw. The total net value of the two contracts comes to PLN 55.8 mln.

Retail & leisure

Totalbud builds for Czarodzieja

POLAND Totalbud has been appointed by Todan subsidiary Czarodzieja Investments to be the general contractor of a retail centre that is being developed on ul. Czarodzieja in Warsaw’s Białołęka district.

Residential

Ronson wants to build more

POLAND Ronson Development is planning to start building four new residential estates in 2014, three of which are to be built in Warsaw.