News

PPG revises financial forecast upwards

schedule 28 January 2013
Eurobuild CEE

POLAND Platinum Properties Group (PPG) has revised its estimated net profit for 2012 to PLN 13 mln – up on the PLN 12 mln that it predicted earlier. The developer now estimates its turnover at PLN 44 mln, compared to its previous forecast of PLN 30 mln.

Orbis reveals ambitious plans

schedule 28 January 2013
Eurobuild CEE

POLAND Grupa Hotelowa Orbis is to stop building its own hotels from 2014 and focus on developing its chain through franchising and management contracts.

Dolcan announces plans for 2013

schedule 28 January 2013
Eurobuild CEE

POLAND In 2013 Dolcan is to put 782 apartments on the market. The developer is also to start construction work on the second stage of its Ogrody Ochota estate in Warsaw, an investment of app. PLN 90 mln.

Robyg secures Warsaw estate finance

schedule 28 January 2013
Eurobuild CEE

POLAND Grupa Robyg has borrowed PLN 15 mln from Millennium bank to finance a residential project on al. Rzeczypospolitej in Warsaw’s Wilanów district.

Haapsalu fined for tender irregularities

schedule 28 January 2013
Eurobuild CEE

ESTONIA The town of Haapsalu is to lose EUR 100,000 in grants from Enterprise Estonia due to irregularities in the tender procedure for the general contractor of the town’s cultural centre.

Strong online sales growth

schedule 28 January 2013
Eurobuild CEE

CZECH REPUBLIC Internet sales reached CZK 43 bln (EUR 1.68 bln) in the Czech Republic in 2012, which is the equivalent of 46 shopping centres, according to Cushman & Wakefield.

WebMediaGroup joins Tropicano club

schedule 28 January 2013
Eurobuild CEE

RUSSIA WebMediaGroup, a company that provides online games, video and retail, has leased 1,037 sqm of office space in the Tropicano business centre on ulitsa Krasnaya Presnya in Moscow.

EIB invests EUR 250 mln in Croatia

schedule 28 January 2013
Eurobuild CEE

CROATIA The European Investment Bank is to lend EUR 250 mln to the Croatian Bank for Reconstruction and Development (HBOR) to finance a number of projects throughout the country, including infrastructure projects supported by local authorities and tourism schemes.

Schoenherr in Le Palais

schedule 28 January 2013
Eurobuild CEE

POLAND Law firm Schoenherr has leased over 700 sqm in Le Palais on ul. Próżna in Warsaw.

No Limit extends Polish boundaries

schedule 28 January 2013
Eurobuild CEE

POLAND Logistics operator No Limit has leased warehouses in Pruszków and Wrocław with a total space of 15,000 sqm.

JLL to sell Sheraton Kraków and Hilton Sofia

schedule 28 January 2013
Eurobuild CEE

POLAND/BULGARIA Jones Lang LaSalle Hotels & Hospitality Group has been appointed as the exclusive agent for the sale of the freehold interests of the Sheraton Kraków and Hilton Sofia hotels.

Work soon to start of Galeria Warmińska

schedule 25 January 2013
Eurobuild CEE

POLAND Construction work should begin within the next few days on the Galeria Warmińska shopping centre in Olsztyn.

Wzgórze extension reaches shell stage

schedule 25 January 2013
Eurobuild CEE

POLAND Mayland Real Estate has finished the shell stage of the extension to the Wzgórze shopping centre in Gdynia.

Erbud denies responsibility for runway damage

schedule 25 January 2013
Eurobuild CEE

POLAND “Erbud has ruled out the possibility that errors were made in the construction of the runway at Modlin airport”, Józef Zubelewicz, the president of the management board of Erbud, the general contractor of the project, has stated at a press conference.

Kristensen Group makes plans

schedule 25 January 2013
Eurobuild CEE

POLAND This year Kristensen Group plans to launch the second stage, comprising 12 homes with 24 apartments, of its holiday home estate on ul. Komuny Paryskiej in Karpacz.

Czerwona Torebka obtains loan warranty from Alior Bank

schedule 25 January 2013
Eurobuild CEE

POLAND Czerwona Torebka has concluded a loan repayment guarantee agreement with Alior Bank for a loan taken out by its subsidiary Piętnasta-Czerwona Torebka from the same bank.

KPP changes PM

schedule 25 January 2013
Eurobuild CEE

POLAND Keen Property Partners Retail (KPP Retail) is to change the property management structure in two of its Polish shopping centres.

Bouygues and Ave Ester set up joint company

schedule 25 January 2013
Eurobuild CEE

POLAND Bouygues has bought a stake of over 50 pct in Woodsia from Ave Este Luxembourg, which possesses 100 pct of the founding capital of the firm.

Orco demands EUR 32 mln in damages

schedule 25 January 2013
Eurobuild CEE

CROATIA Orco Property Group has filed a request for arbitration against the State Property Management Agency of the Republic of Croatia.

Building permit for IKEA Zagreb

schedule 25 January 2013
Eurobuild CEE

CROATIA IKEA has received a building permit to build a store in Zagreb, according to local media reports.

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