News

RUSSIA The Moscow industrial and logistics market will approach saturation levels in the next three to four-and-a-half years, according to the latest data from CBRE.

Sweco wins motorway contract

BULGARIA A consortium of Nordic consulting engineering company Sweco Group and Bulgarian architectural studio Ilia Burda (Sweco-Burda Union) has been chosen as the strategic consultant for the construction of a 64 km stretch of the Struma motorway in Bulgaria.

Retail & leisure

More tenants in Forum Radunia

POLAND New tenants have signed leases for a combined 2,500 sqm in Forum Radunia in Gdańsk.

Construction

Metro line ‘A’ extension funding approved

CZECH REPUBLIC Prague city council has approved funding for the extension of metro line ‘A’ from the existing Dejvická station to a new one at Motol.

Green projects

Iulius seeks LEED for four malls

ROMANIA Iulius Group is currently in the process of certifying its four Iulius shopping centres, in Iaşi, Timişoara, Cluj-Napoca and Suceava, under the LEED for existing buildings scheme.

Retail & leisure

Okhta Mall moves forward

Office & mixed-use development

RUSSIA Finnish developer SRV has begun the commercialisation of Okhta Mall in St Petersburg, having recently received a building permit.

Genesys to start life in Crown Tower

POLAND Call centre solutions company Genesys has leased 484 sqm of office space in Crown Tower in central Warsaw.

Warehouse & industrial

North-West Logistic hall ‘B’ under construction

POLAND Work has started on the construction of hall ‘B’ of the North-West Logistic Park warehouse complex in Szczecin’s Dąbie district.

Acting PHN president appointed

POLAND The supervisory board of Polski Holding Nieruchomości has chosen Artur Lebiedziński to be the acting president of the board.

Protea Development pulls out of land purchases

POLAND Protea Development, a subsidiary of PBO Anioła, will not now be buying buy plots in Poznań and Gorzów Wielkopolski.

Warsaw Novotel renovated

POLAND Renovation work on the lobby and the business room of the Novotel Warszawa Centrum hotel has been completed.

Investment & finance

Ballet institute building “to be sold”

HUNGARY QPR Investimentos, the Portuguese owner of the Dreschler Palace on Andrássy út in Budapest, has signed a letter of intent to sell the building, according to local media reports.

Construction

Eiffage wins two Poznań contracts

POLAND Eiffage Polska Budownictwo has been chosen to be the general contractor of two separate residential projects in Poznań.

NEPI share issue oversubscribed

Office & mixed-use development

ROMANIA A total of 8,498,571 new shares are expected to be issued by New Europe Property Investments (NEPI) and list on the Johannesburg Stock Exchange on September 13th 2013.

Homeycomb in Nord City Tower

ROMANIA Home furnishing retailer Homeycomb has signed a long term lease for the entire second floor of Nord City Tower comprising an area of app. 900 sqm.

Warehouse & industrial

Euro-net adds 9,300 sqm to Prologis Janki lease

POLAND Euro-net, the owner of the nationwide electronic goods retail chain RTV-Euro-AGD, has expanded its lease at Prologis Park Janki by 9,300 sqm to a total of 58,500 sqm in buildings ‘1’ and ‘2’ of the warehouse complex.

Hotels

First Russian Hampton by Hilton opened

RUSSIA The first Hampton by Hilton hotel in Russia has been opened. It is located in the city centre of Voronezh in south western Russia.

Black Sea resort doubles in size

ROMANIA The Marina Regia resort has bought a 6 ha plot in northern Mamaia on the Black Sea for nearly EUR 3.5 mln.

Raven to buy up own shares

RUSSIA Raven Russia plans to purchase up to 15,462,121 ordinary shares from its shareholders.

Warehouse supply increases in Kyiv