News

TK Development sells shares

schedule 02 September 2013
Rafał Ostrowski
journalist

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

schedule 02 September 2013
Rafał Ostrowski
journalist

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

schedule 30 August 2013
Aneta Cichla

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

schedule 30 August 2013
Aneta Cichla

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

schedule 30 August 2013
Aneta Cichla

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

Warehouse & industrial

TRW to stay in Pruszków

schedule 30 August 2013

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

J.W. Construction to market 6,000 apartments

schedule 30 August 2013

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

schedule 30 August 2013
Aneta Cichla

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

schedule 30 August 2013
Aneta Cichla

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

Office & mixed-use development

Eurobank stays in Wratislavia Center

schedule 30 August 2013
Aneta Cichla

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

schedule 30 August 2013
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

schedule 30 August 2013
Rafał Ostrowski
journalist

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

schedule 30 August 2013

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

schedule 30 August 2013
Rafał Ostrowski
journalist

RUSSIA The third and the final phase in the reconstruction of the Hotel Moskva is to be finished in October.

Goodman sees profits rise

schedule 30 August 2013

WORLD Goodman Group has announced a profit of EUR 386 mln for the financial year ending of June 30th representing a 17 pct increase on the previous financial year.

Property and Facility Management

Apsys to take over four shopping centres

schedule 30 August 2013
Rafał Ostrowski
journalist

POLAND Apsys Polska is to take over the property management of four shopping centres with a combined area of 100,000 sqm from September 1st.

Gazit increases stake in Atrium

schedule 29 August 2013
Nathan North
managing editor (English section)

CEE REGION Israeli retail investor Gazit-Globe has entered into an agreement to purchase of 5.5 pct of the ordinary shares of Atrium European Real Estate from Delaware-based CPI CEE Management for EUR 87.8 mln.

Orco completes capital increase

schedule 29 August 2013
Nathan North
managing editor (English section)

CEE REGION Orco Property Group has completed a reserved capital increase by issuing 6,666,667 new shares.

Three companies compete for Warsaw road tenders

schedule 29 August 2013

POLAND The Municipal Road Investment Authority (ZMID) has opened offers received in two Warsaw road tenders: the redevelopment of ul. Prosta and the construction of the first section of Trasa Świętokrzyska.

Office & mixed-use development

GreenWings topped out

schedule 29 August 2013
Aneta Cichla

POLAND OKRE Development has topped out the GreenWings Offices building on in Warsaw.

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