News

Green light for Aquincum Center

schedule 02 August 2013

HUNGARY ECE Projektmanagement has been granted an exemption to the Hungarian government’s construction ban for its Aquincum Center project.

Two with 20,700 sqm in Q2

schedule 02 August 2013
Rafał Ostrowski
journalist

SLOVAKIA In Q2 two office buildings with a combined area of 20,700 sqm were delivered to theBratislava office market, according to a report by the Bratislava Research Forum.

Renova to buy MLP

schedule 02 August 2013
Rafał Ostrowski
journalist

RUSSIA Renova Group, owned by Ukrainian-born Russian oligarch Viktor Vekselberg, is planning to become the sole owner of large logistic developer Mezhdunarodnoye Logisticheskoye Partnerstvo (MLP) [Международное логистическое партнерство], according to ‘Kommersant’.

SIA Merks to build concert hall for EUR 28.3 mln

schedule 02 August 2013

LATVIA Merko subsidiary SIA Merks is to build the Lielais Dzintars (Giant Amber) mixed-use centre in Liepāja.

Pipeline retail space up by 50 pct

schedule 02 August 2013

EUROPE Around 11.9 mln sqm of shopping centre space is currently under construction in Europe, representing a 50 pct increase y-o-y (7.2 mln sqm in 2012), according to CBRE.

Misplaced construction contract still ‘classified’

schedule 02 August 2013

ROMANIA The Romanian government has failed to declassify a contract it signed with American constructor Bechtel for work on the A3 motorway (otherwise known as the Transylvanian highway) , because it is unable to locate the original document.

Investment & finance

NEPI buys into Mega Mall

schedule 02 August 2013

ROMANIA New Europe Property Investments has signed a framework agreement to acquire a 70 pct stake in the Mega Mall project in Bucharest from Real4You.

Jupiter sells Kraków plot for over PLN 45 mln

schedule 01 August 2013

POLAND Gremi Development-Rybitwy, a company owned by NFI Jupiter, has sold a plot located in Kraków’s Podgórze district to Impo.

Retail & leisure

Intersport stays in Płock until 2018

schedule 01 August 2013

POLAND Intersport has prolonged its lease in Galeria Wisła in Płock. The sports store is now to stay in the centre, where it has been leasing 672 sqm since 2009, until 2018.

Construction

Warsaw ring road section opens

schedule 01 August 2013

POLAND A 6 km section of Warsaw’s southern ring road has been opened. The section of the expressway connects the Konotopa interchange with al. Krakowska on the city boundary.

Redan to restructure debt

schedule 01 August 2013

POLAND Retail group Redan has reached an agreement on the principles for repaying its loans and bonds.

DAAS tries to force Polimex-Mostostal bankruptcy

schedule 01 August 2013

POLAND Bielsko-Biała based DAAS has filed for the liquidation of Polimex-Mostostal bankruptcy filing at the City of Warsaw district court.

Warehouse & industrial

Bulgarian logistics and industrial supply slows to a trickle

schedule 01 August 2013
Rafał Ostrowski
journalist

BULGARIA In the first half of 2013, new logistics and industrial space supply in Sofia increased by 26,600 sqm, according to Logistics & Industrial Real Estate Market Overview by Colliers.

GE expands in Hungary

schedule 01 August 2013

HUNGARY GE is to extend its oil and gas facility in Fót just north of Budapest with an office building and a 6,000 sqm production hall.

Retail & leisure

Work starts on 100,000 sqm shopping centre

schedule 01 August 2013
Rafał Ostrowski
journalist

UKRAINE Budhouse Group has started preparatory work on the Nikolsky shopping centre in Kharkiv.

Retail stock increasing – slowly

schedule 01 August 2013

ROMANIA Modern retail stock in the first quarter of the year remained stable at 2.7 mln sqm, 30 pct of which is located in Bucharest – according to CBRE’s Retail MarketView Report.

Retail & leisure

Nine shopping centres to open in Moscow

schedule 01 August 2013
Rafał Ostrowski
journalist

RUSSIA Nine new modern shopping centres totalling 190,000 sqm (gla) are to be opened in Moscowby the end of the year, according to the latest retail report for the city by CBRE.

Retail & leisure

Peppercorn Properties to build Wałbrzych Park

schedule 01 August 2013
Rafał Ostrowski
journalist

POLAND Peppercorn Wałbrzych, a subsidiary of Peppercorn Properties, has obtained a final building permit for a convenience park project in Wałbrzych’s Piaskowa Góra district.

Investment & finance

Vítek “buys Orco Endurance funds”

schedule 31 July 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC Radovan Vítek, the billionaire owner of CPI Group, is believed to have bought two of Orco Property Group’s real-estate funds.

LenSpetsSMU earns ratings boost

schedule 31 July 2013
Rafał Ostrowski
journalist

RUSSIA Standard & Poor has upgraded the long term credit rating of Russian developer LenSpetsSMU, a subsidiary of Etalon Group, from ‘B’ to ‘B+’ with a stable outlook.

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