News

POLAND BSH Sprzęt Gospodarstwa Domowego (a subsidiary of BSH Bosch und Siemens Haugerate) has obtained a building permit for business operations in the Łódź Special Economic Zone.

Bilfinger loses case against GDDKiA

POLAND Bilfinger Berger Budownictwo (currently Bilfinger Infrastructure) has lost a court case against the General Directorate of National Roads and Motorways (GDDKiA).

Stalexport Autostrady profits exceed PLN 20 mln

POLAND Stalexport Autostrady generated over PLN 20.63 mln of net profit in H1 2013 while revenue exceeded PLN 94 mln.

Retail & leisure

Rywal extension work underway in Biała Podlaska

POLAND Real Estate InwestorBP (formerly Biuro Prawno-Finansowe Inwestor) has chosen Polbud to be the general contractor for the extension work on the Rywal shopping centre in Biała Podlaska.

Investment & finance

Portico Investments buys in Nowy Dwór Mazowiecki

POLAND Portico Investments has acquired a retail facility in Nowy Dwór Mazowiecki in Warsaw’s northern outskirts.

Falling occupancy for St Petersburg luxury hotels

RUSSIA An 8 pct y-o-y decrease in occupancy for luxury hotels in St Petersburg was recorded H1, according to the latest data from Jones Lang LaSalle’ Hotels & Hospitality Group.

Green light for Aquincum Center

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

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

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

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

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’

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

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

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

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

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

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

DAAS tries to force Polimex-Mostostal bankruptcy

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

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