News

LC Corp gives seven loans to subsidiary

schedule 12 July 2013
Aneta Cichla

POLAND LC Corp has granted seven loans to its daughter company LC Corp Invest I worth a total of PLN 106 mln.

Office & mixed-use development

Strabag to build Łódź offices for Ericpol

schedule 12 July 2013

POLAND Strabag has begun work on contract awarded by Ericpol to construct an office building in Łódź.

Turret Development plans Warsaw apartment block

schedule 12 July 2013

POLAND Turret Development is planning a residential project on ul. Chmielna in Warsaw’s Wola district.

Construction

Elbfonds lays foundation stone in Kutno

schedule 12 July 2013
Aneta Cichla

POLAND Elbfonds Development has laid the foundation stone for the Marcredo Center in Kutno.

Hotels

Polish company to build underwater hotel in Maldives

schedule 12 July 2013
Aneta Cichla

WORLD Deep Ocean Technology of Gdańsk has signed a contract with Ridgewood Hotels and Suites for the sale of the concept, the technology and the construction of the Water Discus underwater hotel in Maldives.

Retail & leisure

Saturn comes to Felicity

schedule 12 July 2013

POLAND The Saturn electronics store chain has signed a lease for 3,400 sqm in the Atrium Felicity shopping centre, which is being developed by Atrium European Real Estate in Lublin.

Praktiker files for insolvency

schedule 11 July 2013

EUROPE German DIY chain Praktiker claims that its recent filing for insolvency will not affect its operations in Poland, Hungary, Romania and Ukraine.

Retail & leisure

Vogla Park awaits environmental decision

schedule 11 July 2013

POLAND Construction work has begun near a roundabout in Warsaw's Wilanów district, where Ghelamco Poland intends to build its Vogla Park shopping centre.

Office & mixed-use development

IBM expands in two buildings

schedule 11 July 2013

ROMANIA IBM has expanded its office space and now leases almost 20,000 sqm in two buildings in Bucharest.

Hotels

Accor opens Novotel Moscow City

schedule 11 July 2013
Rafał Ostrowski
journalist

RUSSIA The 360-room Novotel Moscow City hotel has been opened.

NEPI denies wrongdoing

schedule 11 July 2013

ROMANIA New Europe Property Investments has responded to the announcement that the Argo Real Estate Opportunity Fund has begun legal proceedings against it.

C&W gives way to Activ

schedule 11 July 2013

ROMANIA Cushman & Wakefield has pulled out of Romania.

Investment & finance

ING spins off and sells Galerie Butovice offices

schedule 11 July 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC ING Real Estate Finance (ING REF), the owner of the Galerie Butovice office and retail centre in Prague 13, has completed the sale of the Butovice Office Building to a Czech closed-end investment fund.

Luxury residential project underway in Timișoara

schedule 11 July 2013

ROMANIA Construction work has begun on the Mansions in the Park residential project in Timișoara.

Investment & finance

Morgan Stanley and Hines partner up in Moscow

schedule 11 July 2013
Rafał Ostrowski
journalist

RUSSIA The Morgan Stanley Real Estate Investing (MSREI) fund has sold a stake in the 205,000 sqm Metropolis shopping centre in Moscow to Hines CalPERS Russia Long Term Hold Fund (HCRLTH).

Pbb provides loan for Charter Hall acquisition

schedule 11 July 2013
Nathan North
managing editor (English section)

POLAND Pbb Deutsche Pfandbriefbank has announced that it is providing a loan of EUR 120 mln loan to a fund advised by Tristan Capital Partners for its acquisition of a Polish retail portfolio.

Hotels

Best Western to open in Opole

schedule 11 July 2013
Aneta Cichla

POLAND A new Best Western hotel is to open in the autumn in Opole. The three-star hotel on ul. Waryńskiego will offer 28 guest rooms and two suites, as well as a restaurant, a bar, and a conference room.

CCC to open in Germany

schedule 11 July 2013
Aneta Cichla

POLAND Polish footwear chain CCC is to enter the German market. The company has established a subsidiary for the country, CCC Germany, with its head office in Frankfurt.

Record Moscow shopping centre supply in Q2

schedule 11 July 2013
Rafał Ostrowski
journalist

RUSSIA Moscow’s shopping centre stock increased by 107,200 sqm gla in the second quarter of 2013, according to data from Jones Lang LaSalle

Euro Styl prepares new TriCity apartments

schedule 11 July 2013
Aneta Cichla

POLAND TriCity developer Euro Styl is preparing new residential projects in Gdańsk and Gdynia.

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