News

POLAND Intersport Polska generated net sales revenue of PLN 109.7 mln in H1 2013.

Gino Rossi back in the black

POLAND Gino Rossi generated sales revenue of PLN 56.2 mln in the first half – an increase on the figure of PLN 50.9 mln recorded a year earlier.

Retail & leisure

Łacina “to be ready on time”

POLAND Apsys Polska has responded to rumours that the Łacina shopping centre in Poznań is not going to be completed on time.

Unibep to build Warsaw estate

Office & mixed-use development

POLAND Unibep has been awarded a contract worth PLN 57.7 mln net by Galeria Park 2010 for the construction of a residential estate on ul. Obrzeżna in Warsaw’s Mokotów district.

Three extensions for Tulipan House

Nathan North
managing editor (English section)

POLAND Three lease contracts have recently been signed for a total office area of 5,500 sqm in Tulipan House in Warsaw’s Mokotów district.

Retail & leisure

62,000 sqm mall to be built in Moscow

RUSSIA KVS Group is planning to develop the Nebo [Небо] shopping centre in Moscow’s Solntsevo district, outside the MKAD Ring Road.

TK Development sells shares

EUROPE TK Development has completed an offering of shares with pre-emptive rights for the company’s existing shareholders.

Largest heliport in Europe for Moscow

RUSSIA A helicopter airport consisting of ten helipads, a servicing centre and training facility is to be built on a 3-ha plot on the Myakinino flood plain just outside the MKAD Moscow Ring Road.

Investment & finance

Echo receives financing for Park Rozwoju

POLAND Bank Zachodni WBK has lent EUR 22.4 mln to Echo Investment for the construction of the first stage of the Park Rozwoju office complex on ul. Konstruktorska in Warsaw.

Echo profits double

POLAND The net profit of the Echo Investment Group has increased by over 200 pct to PLN 302 mln in H1 of this year compared to the same period of 2012.

Retail & leisure

Atmosfera for Galeria Sfera

POLAND The Atmosfera fitness club has opened in Galeria Sfera in Bielsko-Biała.

Warehouse & industrial

TRW to stay in Pruszków

POLAND TRW Steering Systems Polska is to stay in the MLP Pruszków I park.

J.W. Construction to market 6,000 apartments

POLAND J.W. Construction has recorded a sales revenue of PLN 181.3 mln for H1 2013, representing a 17 pct increase on the corresponding period of 2012, while the company’s net profit came to PLN 5.1 mln with a gross sales margin of 21 pct.

Investment & finance

Financing for Promenady Zita

POLAND Finanse VD, a subsidiary of Vantage Development has granted a PLN 27 mln loan to Promenady Zita, an SPV company of the Vantage Development group.

Vistula issues bonds

Office & mixed-use development

POLAND In H1 of this year the Vistula capital group recorded sales revenue of PLN 185.8 mln.

Eurobank stays in Wratislavia Center

POLAND Eurobank is to keep its head offices in the Wratislavia Center complex in Wrocław for a further seven years.

Construction

Allcon to build Wyspa Spichrzów hotel

Ewa Andrzejewska

POLAND Allcon Budownictwo has been contracted by Genfer Hotel Gdańsk to build the shell of Hotel Puro on ul. Stągiewna in Gdańsk.

Warimpex at a loss

EUROPE Real estate developer and investor Warimpex Finanz- und Beteiligungs has recorded a EUR 5.7 mln loss in the first six months of this year.

Orco sees revenues rise

EUROPE Orco has announced an increase in its revenue to EUR 71 mln for H1 2013 on EUR 62 mln (with EUR 20 mln generated by sale of a retail plot in Bubny Prague).

Hotels

Reconstructed Hotel Moskva nears completion