News

M43 construction underway

Alan Colquhoun to head DTZ in Poland

POLAND Alan Colquhoun has been appointed country head of DTZ in Poland.

Chinese store in Europa Centralna

POLAND Kilia, a retailer of Chinese products, has opened an 870 sqm store in the Europa Centralna retail park in Gliwice.

Apartment prices rising in Latvia and Estonia

EASTERN EUROPE In Q4 2012, Latvia and Estonia recorded the highest y-o-y increase in residential property prices in the EU, according to figures from Eurostat, the statistical office of the European Union.

X5 grows in numbers

RUSSIA Russian food retailer X5 Retail Group opened 66 stores in Q1 2013 and recorded an 8.1 pct y-o-y increase in net retail sales.

Pall-Ex leases space at Panattoni Park Łódź East

POLAND International freight distributor Pall-Ex has leased 3,600 sqm of warehouse space in Panattoni Park Łódź East.

Segro buys Żeran Park II

POLAND Segro has acquired Żeran Park II in Warsaw for EUR 43.2 mln from AREA Property Partners and Apollo-Rida Poland.

Potok faces bankruptcy

RUSSIA Moscow based developer Potok has revealed that its financial situation has become critical.

EBRD considers road renovations

SERBIA The European Bank of Reconstruction and Development is considering a loan of up to EUR 100 mln to the Republic of Serbia in order to finance improvements to the country’s road network.

Rock bottom office supply

ROMANIA Only 60,000 sqm of new office supply came onto Bucharest market in 2012 representing the lowest figure in the last five years, according to Knight Frank.

Panattoni invests in Krásno

SLOVAKIA Panattoni Europe is set to invest up to EUR 20 mln in its Krásno nad Kysucou industrial park

Moscow enters global top 10 for investment volumes

RUSSIA Moscow appeared within the top 10 cities in the world with the highest investment levels with USD 3 bln invested in Q4 2012, according to Jones Lang LaSalle.

CBRE moves to Atrium 1

POLAND CBRE will move its headquarters from its current location in the Rondo 1 office building to the Atrium 1 building in central Warsaw.

Sales to restart in Złota 44

POLAND Orco Property Group is to complete its Złota 44 luxury apartment block in the centre of Warsaw around the beginning of 2014.

VW leases 16,000 sqm in Prologis Poznań complex

POLAND Volkswagen Group has leased 16,000 sqm in Prologis Park Poznań II.

Plac Defilad plot for PLN 70 mln

POLAND The city of Warsaw is to sell a site on ul. Marszałkowska and pl. Defilad in Warsaw via a public tender.

Investment highest since 2008

CEE REGION Total commercial real estate investment volume in the CEE region reached EUR 2.6 bln in the first quarter – three times the level achieved during Q1 2012 and the highest first quarter result since 2008, according to research by CBRE.

Two more Cinema City multiplexes to open in Warsaw

POLAND Cinema City Poland, a subsidiary of Cinema City International, has signed preliminary binding long-term lease agreements for 7,300 sqm of space with Globe Trade Centre.

Deichmann enters Green House

HUNGARY Deichmann is to occupy 905 sqm of office space in the Green House office building in Budapest from June.

Four-year high for new industrial stock