News

POLAND No dramatic changes are to occur in the commercial property investment market over 2013, predicts Cushman & Wakefield in its ‘Marketbeat Polska – Spring 2013’ report.

Rule Financial in Okrąglak

POLAND Financial consulting company Rule Financial has leased 900 sqm on the two top floors of the Okrąglak office building in Poznań.

Construction volume falls by 14 pct in January

SLOVAKIA In January Slovakian construction output decreased by 14.1 pct y-on-y and by 3.3 pct m-o-m to EUR 206.9 mln, according to the Statistical Office of the Slovak Republic (ŠÚ).

Peakside completes EUR 230 mln of deals in 2012

EUROPE European real estate private equity firm Peakside Capital completed transactions over EUR 230 mln worth of transactions last year, significantly higher than the EUR 140 mln that were completed in 2011.

Active lenders up by 29 pct – C&W

EUROPE The number of active European real estate lenders has increased by 29 pct – according to data published today in Cushman & Wakefield’s ‘European Real Estate Lending Survey 2013’.

ModnaKasta comes to SAN Factory

UKRAINE Internet retailer ModnaKasta has leased 5,400 sqm in the SAN Factory logistics complex in Kyiv.

Netia in West Forum

POLAND Netia is to move into the West Forum office building, which is to be built on ul. Strzegomska in Wrocław.

Highest investment volume since 2006 – Savills

POLAND Last year Poland saw its highest annual real estate investment volume since 2006, according to research by Savills.

Bankrupt mall for sale

BULGARIA Pleven Mall in Pleven has been put up for sale by a private enforcement agency. The starting price is RON 10.6 mln (EUR 5.4 mln).

Mercedes drives into Swan

ROMANIA Chayton Capital has secured Mercedes-Benz Romania as a tenant for its Swan Office and Technology Park in Bucharest with a lease of 3,000 sqm.

More green buildings in Budapest

HUNGARY The total stock of green certified buildings in Budapest totalled 262,000 sqm at the end of 2012, accounting for 8.2 pct of the total modern Budapest office stock, according to figures from Colliers international.

Strong results from Raven

RUSSIA Raven Russia has released its results for 2012. Net Operating income was up by 49 pct from USD 91.7 mln to USD 136.5 mln. The company’s underlying operating profit was up 63 pct from USD 68.9 mln to USD 112.1 mln.

CBRE to manage two Dandreet malls

CZECH REPUBLIC CBRE has been commissioned by Dandreet to manage two of the developer’s shopping centres: Galerie Šantovka Olomouc and Galerie Teplice.

PPF granted EUR 185 mln loan for ComCity

RUSSIA PPF Real Estate Russia, part of the PPF Group, and Sberbank have reached an agreement to provide PPF with a credit line worth EUR 185.84 mln for the financing of the construction and completion of the first phase of PPF‘s ComCity mixed-use development in Moscow.

Weil re-signs WFC lease

POLAND International law firm Weil has renegotiated its lease of 2,300 sqm of office space in the Warsaw Financial Center (WFC).

KSP buys Holland Park offices

POLAND Kulczyk Silverstein Properties (KSP) has bought the Holland Park office building in central Warsaw for an undisclosed sum.

March launch for Galeria Dębiec

POLAND Construction work on the Galeria Dębiec shopping centre in Poznań is to begin this month.The 9,770 sqm complex is being developed by Red Real Estate on ul. 28 Czerwca 1956 r. near the Dębiński Forest and the Red Park estate, which is currently under construction.

Dom Development builds train station

POLAND In June the first trains will stop at the Warszawa Zacisze-Wilno railway station, which is located on the Wilno estate in Warsaw – a project by Dom Development.

Marvipol locks horns with Mostostal

POLAND Marvipol has refused to accept Mostostal Warszawa’s termination of a contract to construct the Zielona Italia estate on ul. Obywatelska. Marvipol, the developer, regards the contract as binding and its termination to be unlawful.

ABM Solid again subject to arrangements