News

POLAND For the second consecutive year Kraków has been ranked within the world’s top ten outsourcing centres in the ‘2014 Tholons Top 100 Outsourcing Destinations’ report.

Moscow hotel market much the same over 2014

24 January 2014

RUSSIA Occupancy levels on the Moscow hotel market seem to be hitting a peak and are not likely to change this year, but slight falls in the ADR indexes can be expected, according to the latest ‘Moscow Hotel Market Update’ by Jones Lang LaSalle.

Carry on in Nowy Rynek

POLAND The Carry clothing chain has leased a 1,000 sqm store from developer TK Development on the first floor of the Nowy Rynek shopping centre in Jelenia Góra.

Pozbud to construct Słonawy plant

POLAND Pozbud T&R has appointed Remaxbud to build a production and storage centre with office and recreational facilities in Słonawy.

Improvements to road no. 747

POLAND Budimex Budownictwo has signed a contract with the Provincial Road Authority in Lublin to build the Konopnica–Kamień section in the redevelopment of provincial road no. 747 from Iłża to Konopnica.

Construction

Skanska to build terminal for Katowice International Airport

POLAND Skanska is to build a flight terminal at the Katowice International Airport in Pyrzowice in a contract worth over PLN 53 mln gross.

Residential

Yareal plans luxury apartments in Saska Kępa

Ewa Andrzejewska

POLAND French company Yareal is to develop a three-storey building with 27 apartments at ul. Londyńska 5 in Warsaw’s Saska Kępa district.

Budimex wins PLN 89.7 mln contract

POLAND Budimex has won a contract to construct the Lubelskie Centrum Konferencyjne conference centre and the new offices of the Provincial Marshal in Lublin.

Diverse in two outlet centres

POLAND Diverse clothes shops are to open in Outlet Center Lublin and Outlet Center Białystok.

Retail Park Radom planned

POLAND Plans have been announced for a retail park to be built near the ks. Jerzego Popiełuszki roundabout in Radom.

Restaurant opened in former cotton mill

POLAND A new restaurant called Bawełna has been opened in Manufaktura in Łódź. The restaurant, which will occupy three levels and have a total of area in excess of 400 sqm, is located in a former cotton mill.

GDDKiA to make more overdue payments to subcontractors

POLAND The General Directorate of National Roads and Motorways (GDDKiA) is waiting for applications from firms who were not paid for work related to the construction of a number of sections of the A1 and A4 motorways by the general contractors of the projects.

Record quarter for Russian retail

RUSSIA In Q4 the Russian retail market saw the highest quarterly level of completions in seven years at more than 800,000 sqm, according to Jones Lang LaSalle.

LSR to build 440,000 sqm in New Moscow

Office & mixed-use development

RUSSIA LSR Group is to build a 440,000 sqm residential project on Varshavskoye Shosse in the New Moscow area, app. 15 km from MKAD Moscow ring road.

S Immo delays making its Mark

ROMANIA Austrian developer S Immo has decided to delay the launch of construction work on the Mark office building to be built on Uranus Boulevard in Bucharest and wait for better economic conditions, reports ‘Mediafax’.

Hungary risks losing EU road building funds

HUNGARY The European Commission is threatening to withhold EUR 562 mln in funding for Hungarian road construction, reports ‘Magyar Nemzet’.

Investment & finance

GLL moves Charles de Gaulle Plaza between funds

ROMANIA The Charles de Gaulle Plaza office building in Bucharest was sold last year for almost EUR 70 mln, reports ‘Ziarul Financiar’.

Construction

Doom sealed for Hotel Praha

Nathan North
managing editor (English section)

CZECH REPUBLIC PPF Group has confirmed that it has received a final decision authorising the demolition of the former Hotel Praha in Hanspaulka (Praha 6).

Warehouse & industrial

Two re-lease 13,800 sqm in Panattoni parks