News

POLAND Balmoral Properties has obtained a loan of PLN 70 mln from BRE Bank Hipoteczny.

Revenue growth for Auchan

EUROPE The Auchan group’s consolidated revenue increased by 5.8 pct to EUR 46.9 bln in 2012.

Galleria Bucharest blocked by letter of the law

POLAND The development of the Galleria Bucharest shopping centre has been halted by new legislation.

Mirbud fills its order book

POLAND In 2012 construction company Mirbud generated sales revenue of PLN 589.8 mln, which constitutes an 8 pct growth compared to 2011.

Platinum for Alma Tower

POLAND Alma Tower, which is being developed in Kraków by UBM, has acquired a LEED-CS 2009 pre-certificate at the ‘Platinum’ level.

Jysk to open in Bielany Shopping Park

POLAND Bielany Shopping park in Wrocław has secured a new tenant for its furniture section.

Green light for two Wola towers

POLAND A permit has been issued for the construction of two office skyscrapers on ul. Łucka in Warsaw’s Wola district.

CZECH REPUBLIC Akroterion, a subsidiary of Loyd´s Property Investments group, is to construct a new 5-star hotel in the centre of Prague. Future hotel is to offer 120 luxury guest rooms, a restaurant and conference facilities on an area of 16,000 sqm.

Work to begin on Wola House

POLAND Unidevelopment is to start the construction phase of its Wola House office project on al. Prymasa Tysiąclecia in Warsaw in Q2.

Monnari feels effects of restructuring

POLAND Monnari Trade, the owner of the Monnari brand, has implemented a number of performance improvement measures, such as the optimisation of production costs, improved delivery punctuality, an efficiency drive for its sales team, actively promoting its brand, and stabilising its sales chain.

Digel to debut in Factory Warszawa Annopol

POLAND Male fashion chain Digel is to debut on the Polish market with the opening of the Factory Warszawa Annopol outlet centre on March 13th.

University contract for Mirbud

POLAND The Gdańsk University of Technology has commissioned Mirbud to construct building ‘B’, housing its nanotechnology, mathematics teaching and distance learning departments.

BBI prepares Nowy Pasaż Simonsa

POLAND BBI Development has received planning permission for its Nowy Pasaż Simonsa project in Warsaw, which is to be built on the site of the former Pasaż Simonsa on ul. Długa.

Erbud releases results

POLAND Erbud has reported revenue of PLN 418.6 mln for Q4 2012, similar to the figure for the same period of the previous year.

New tenants at Jabłkowskich

POLAND Kazar and Wealth Solutions have both leased premises in the Nowy Dom Jabłkowskich building in Warsaw.

Brown Brothers Harriman in Kraków

POLAND Financial institution Brown Brothers Harriman has leased 4,600 sqm in Orange Office Park in Kraków.

NDI instead of P.R.I. Pol-Aqua for Shakespeare theatre

POLAND Gdański Teatr Szekspirowski (GTS) has chosen a new contractor to build the Theatre of Two Times in Gdańsk. The investor has now signed a contract with NDI worth PLN 43 mln.

Four offers for motorway tender

ROMANIA Four offers have been made in the tender to build a 55 km motorway section between Cormanic and Brașov.

Still fewer homes being built

ROMANIA In January 2013, 1,694 construction permits, of which 64 pct were for rural developments, for residential buildings were issued – a 2.2 pct decrease on January 2012, according to the National Institute of Statistics (INS).

Little change on warehouse market