News

Investment & finance

CZK 2 bln loaned for Quadrio

CZECH REPUBLIC A loan of CZK 2 bln (EUR 78 mln) is to be provided by Helaba and UniCredit Czech Republic for the Quadrio mixed-use development in Prague city centre.

Retail & leisure

First stone for Lublin castle mall

POLAND The foundation stone has been laid for the Tarasy Zamkowe shopping centre project in Lublin.

Residential

MirLand borrows USD 96 mln from SberBank

RUSSIA MirLand subsidiary Petra 8 has secured a non-revolving credit line of up to USD 96 mln from SberBank.

Office & mixed-use development

ROMANIA What goes up must come down

ROMANIA The 18-storey 25,000 sqm Cathedral Plaza office building in Bucharest is unlikely to be demolished this year, as has been ordered by a court in Ploiești, because it is unclear who is to pay for the work.

Capital Park to list on WSE

POLAND The Capital Park group has announced plans to debut on the Warsaw Stock Exchange.

Griffin sues Poland

POLAND Griffin Group has begun legal action against the Republic of Poland.

Retail & leisure

Nearly 1,300 sqm leased in Dekada Brodnica

POLAND Dekada Brodnica, a shopping centre being developed by Dekada Realty, is 80 pct leased.

PEC Fund acquires Manhattan Business and Distribution Centre

POLAND CBRE Global Investors has completed the EUR 30 mln acquisition of the Manhattan Business and Distribution Centre in Warsaw on behalf of the Pan European Core Fund (PEC Fund) from Akron Investment Central Eastern Europe II, managed by Heitman International.

Retail & leisure

Trzy Korony now open

POLAND The Trzy Korony shopping centre developed by CD Locum was opened on October 26th in Nowy Sącz. Construction work on the 35,000 sqm centre, which offers over 120 stores and a car park for 800 vehicles took 2.5 years.

Toys”R”Us to enter Lublin

POLAND Toys”R”Us is to open a toy store in the Galeria Olimp shopping centre in Lublin.

Construction

Interbud-Lublin to build estate near Warsaw

POLAND Interbud-Lublin has been appointed the general contractor of three residential buildings on ul. Arakowa in Zamienie in the Lesznowola administrative district near Warsaw.

Polimex continues restructuring

POLAND Polimex-Mostostal has signed an annexe to the restructuring agreement with its creditors.

Intersport reduces loss

POLAND Intersport Polska made an estimated loss of PLN 1.9 mln gross in Q3 2013 representing a 29 pct improvement on the PLN 2.7 mln loss the company made over the same period of 2012.

Troubles for ED Invest

POLAND ED Invest has adjusted its profit forecast for 2013.

Retail & leisure

Tenants stay in Gemini Park

POLAND Nearly 80 pct of the current tenants comprising 50 brands have prolonged their leases in the Gemini Park shopping centre in Bielsko-Biała.

Retail & leisure

Golf course close to Kremlin

RUSSIA City Golf, the largest indoor golf course in Russia is to be opened in the Red October cultural complex just opposite the Kremlin.

Yields fall across the continent

EMEA REGION Over Q3, European office, retail and industrial sectors saw a decrease in yields ranging from three to five basis points, according to a survey of prime rents and yields by CBRE.

Office & mixed-use development

Kapelanka cornerstone laid in Kraków

POLAND Skanska Property Poland has held the cornerstone ceremony for its first office project in Kraków – Kapelanka 42.

The nominees are:

Retail & leisure

Rose Park 85 pct leased

UKRAINE Rose Park shopping centre, which is being developed by Immochan Ukraine in Makiivka near Donetsk, is 85 pct leased (representing 25,845 sqm of the retail space).