News

Argo to take NEPI and Volksbank to court

schedule 10 July 2013

ROMANIA Argo Real Estate Opportunities Fund has announced that it has begun legal proceedings against its rival New Europe Property Investments (NEPI) and Argo’s lender Osterreichische Volksbanken-Aktiengesellschaft (Volksbank).

Retail & leisure

GTC shuts up shop in Suceava

schedule 10 July 2013

ROMANIA Globe Trade Centre has closed Suceava Mall in north-eastern Romania after the withdrawal of its anchor Penny Market.

Hotels

Hotel Praha demolition provokes fury

schedule 10 July 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC PPF group, which bought the Hotel Praha in Prague last month, has confirmed plans to demolish the communist-era building.

Eften finalises purchase of five Estonian properties

schedule 10 July 2013

ESTONIA Eften Real Estate Fund has acquired a portfolio of five Estonian assets from EPI Baltic I for EUR 30.5 mln.

Hotels

Four Seasons opens in Petersburg

schedule 10 July 2013
Rafał Ostrowski
journalist

RUSSIA The Four Seasons Hotel Lion Palace has opened in St Petersburg.

Avrig 35 stake to be sold

schedule 10 July 2013

ROMANIA Two investors have expressed an interest in purchasing a 30 pct stake in developer Avrig 35, local media reports.

Office & mixed-use development

First ComCity stage to open in January

schedule 10 July 2013
Rafał Ostrowski
journalist

RUSSIA PPF Real Estate Russia is planning to deliver the first stage of the ComCity office complex in New Moscow in January 2014.

Office & mixed-use development

Huawei moves to Tower Center

schedule 10 July 2013

ROMANIA Chinese mobile phone producer Huawei has leased 2,500 sqm in Tower Center in Bucharest.

Warehouse & industrial

Johnson Health Tech moves into Gate One

schedule 10 July 2013
Nathan North
managing editor (English section)

POLAND Johnson Health Tech has leased 1,700 sqm at the Gate One Business Park in Warsaw

Romanian warehouses more desirable

schedule 10 July 2013

EUROPE Romania, as a country, has been ranked the eighth most desirable logistics location for 2013 in Europe by Prologis, and its position is expected to rise to fifth by 2018.

Warehouse & industrial

Ulmart leases 23,000 sqm in Severnoe Domodedovo

schedule 10 July 2013
Rafał Ostrowski
journalist

RUSSIA Electronics retailer Ulmart [Юлмарт] has leased 23,000 sqm of class ‘A’ warehouse space in the Severnoe Domodedovo industrial and logistics complex in the Moscow region.

Government reclaims EUR 172 mln for infrastructure programme

schedule 09 July 2013

ROMANIA The European Commission has approved the reimbursement of EUR 172 mln to the Romanian government under the Transport Operational Programme.

Warehouse & industrial

Warehouse to be built outside Moscow Ring Road

schedule 09 July 2013
Rafał Ostrowski
journalist

RUSSIA A 35,000 sqm class ‘A’ warehouse including 3,150 sqm of office space, Bulatnikovo Terminal, is to be delivered in June 2014, outside the MKAD ring road south of the city centre.

Etalon sees 30 pct growth in sales

schedule 09 July 2013
Rafał Ostrowski
journalist

RUSSIA With new contract sales amounting to RUB 6.75 bln (EUR 158 mln), Etalon Group recorded a 30 pct increase in residential sales y-o-y in the second quarter of 2013.

Green projects

Radisson Blu goes green

schedule 09 July 2013
Rafał Ostrowski
journalist

UKRAINE Radisson Blu Resort in Bukovel in South-Western Ukraine has obtained a Green Key certificate, a voluntary eco-label for tourism facilities.

Krokus to more than double in size

schedule 09 July 2013

POLAND Valad Europe is in advanced negotiations to set up a joint venture with Unibail-Rodamco to extend the Krokus Shopping Centre in Kraków by a further 50,000 sqm gla.

Office & mixed-use development

Konsalnet to move to new Warsaw HQ

schedule 09 July 2013

POLAND The foundation stone for Security company Konsalnet Holding new head office in Warsaw’s Wola district.

PRI Pol-Aqua set to build Przemyśl ring road section

schedule 09 July 2013
Aneta Cichla

POLAND Przedsiębiorstwo Robót Inżynieryjnych Pol-Aqua is likely to be the general contractor for the construction of a section of the Przemyśl ring road.

Redan records rising turnover

schedule 09 July 2013

POLAND Clothing retail group Redan recorded a turnover of PLN 35.5 mln for June this year. This figure represents an 8 pct rise y-o-y.

Ferrovial and Budimex partners again

schedule 09 July 2013
Aneta Cichla

POLAND A cooperation contract between Polish construction and development company Budimex and Spanish company Ferrovial Agroman has now come into force.

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