News

Zero profit for Empik Media & Fashion

schedule 17 May 2013
Eurobuild CEE

POLAND In the first quarter Empik Media & Fashion (EM&F) group’s revenue increased by 8 pct y-o-y to PLN 734 mln.

Good first three months for Polnord

schedule 17 May 2013
Eurobuild CEE

POLAND Polnord registered sales revenue of PLN 41.1 mln for the first quarter of the year and a gross profit on sales of PLN 3.8 mln.

Record revenue for Robyg

schedule 17 May 2013
Eurobuild CEE

POLAND Robyg generated over PLN 159 mln in Q1 2013, representing an increase of almost 186 pct on the same period of the previous year.

Galeria Sudecka foundation stone laid

schedule 17 May 2013
Aneta Cichla

POLAND Echo Investment has officially started the construction phase of its Galeria Sudecka development in Jelenia Góra.

Work begins on EUR 200 mln Gabrovo bypass

schedule 17 May 2013
Rafał Ostrowski
journalist

BULGARIA Construction work on the Gabrovo bypass, an investment of around EUR 200 mln, has now started. A consortium made up of PSVT, Hidrostroy JV, Patni Stroezhi-Veliko Tarnovo and Patinzheneringstroy-Т is acting as the general contractor of the first stage with the contract, which is worth BGN 92.94 mln (over EUR 47 mln) including VAT.

Office & mixed-use development

Orco sells Bubny plot to JV with Unibail-Rodamco

schedule 15 May 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC Orco Property Group has established its joint venture with Unibail-Rodamco for the development of a shopping centre in Bubny, Prague 7.

CPI issues CZK 3 bln of residential bonds

schedule 15 May 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC Housing manager and owner CPI Byty, part of the CPI Group, has issued project bonds to the value of CZK 3 bln (around EUR 115 mln).

Residential

Work begins on Żoliborz Artystyczny

schedule 15 May 2013

POLAND Dom Development has officially initiated the construction phase of the Żoliborz Artystyczny residential quarter in Warsaw’s Żoliborz district.

Google and Apple to open brand stores in Serbia

schedule 15 May 2013

SERBIA Google and Apple are planning to open brand stores in Serbia by the end of the year, according to prime minister Ivica Dačić, speaking on Radio Television of Serbia (RTS).

Sokol Estate to build USD 150 mln Moscow business centre

schedule 15 May 2013
Rafał Ostrowski
journalist

RUSSIA Sokol Estate [Сокол Эстейт] is to develop a USD 150 mln mixed-use office complex in northern Moscow.

Revenue up for JR Invest

schedule 15 May 2013

POLAND JR Invest, which is listed on the NewConnect share market, has published its results for 2012 and Q1 2013.

Latest stage of Osiedle Księżnej Dąbrówki underway

schedule 15 May 2013

POLAND PTB Nickel has started construction work on Rycerska – the latest stage of the Osiedle Księżnej Dąbrówki estate near Poznań.

Office & mixed-use development

WFC keeps Google

schedule 15 May 2013

POLAND Google has prolonged the lease of its offices in Warsaw Financial Center for the next ten years. The agreement that has been concluded for the lease of 3,670 sqm includes an option to extend the area.

Retail & leisure

LPP tightens its cooperation with MGPA

schedule 15 May 2013

POLAND The Karolinka shopping centre in Opole and the Pogoria shopping centre in Dąbrowa Górnicza, which are both managed by Mayland Real Estate, have finalised a cooperation contract with the LPP retail group.

Alpine Bau withdraws from A1

schedule 15 May 2013

POLAND Alpine Bau has withdrawn from the contract for the construction of the A1 motorway.

TUP back in the black

schedule 21 May 2013

POLAND In Q1 2013 the TUP capital group generated net sales revenue of PLN 4.6 mln.

Ten distinctions in Narutowicza competition

schedule 15 May 2013

POLAND The competition for the design of the spatial development concept for pl. Narutowicza in Warsaw has ended with ten out of the 96 competition entries receiving distinctions

Redan sees slight improvement

schedule 15 May 2013

POLAND Redan achieved sales of PLN 98 mln in the first quarter – a 12.2 pct improvement on Q1 last year.

Office & mixed-use development

Warsaw Spire rises from the depths

schedule 15 May 2013

POLAND The construction of five underground floors of Warsaw Spire’s car park has now been completed and work on the ground-level floors in building ‘B’ has started.

PHN sees improvement

schedule 17 May 2013

POLAND Polski Holding Nieruchomości has registered a y-o-y growth in its net sales profit of PLN 10.2 mln. EBITDA increased by PLN 10.6 mln to PLN 7.7 mln, and its adjusted EBITDA by PLN 5.2 mln to PLN 9.1 mln.

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