News

HUNGARY Swedish clothes retailer H&M has signed two long term leases for app. 3,000 sqm of usable space in two Budapest Stop.Shop retail parks.

ID Logistics stays in Błonie

POLAND ID Logistics has renewed its 4,660 sqm lease at Panattoni Park Błonie.

Five constructors under investigation

CZECH REPUBLIC ÚOHS, the Czech anti-trust office, is investigating five construction companies under suspicion of forming a price-fixing cartel for public orders.

BNY Mellon enters Aquarius

POLAND The largest deposit bank in the world, BNY Mellon, has leased 6,250 sqm in Aquarius Business House in Wrocław.

POLAND Victoria Sobol, the investor behind the Multicentrum Victoria shopping centre, currently under construction in Chojnice, has signed a contract with the MK Bowling chain for the operator to open a bowling alley and a club, occupying an area of 1,600 sqm in the centre.

LPP in Galeria Słowiańska

POLAND Stores for brands from the LPP group are to open in Galeria Słowiańska Carrefour in Zgorzelec. Mohito, Cropp and House are to be opened in Q1 and Q2 of this year.

FB Serwis takes on the National Stadium

POLAND FB Serwis, a company set up by Budimex (49 pct) and Ferrovial Services (51 pct),has won a three-year contract worth PLN 4.3 mln net for rendering technical services for the National Stadium in Warsaw.

Mostostal Zabrze suffers 2012 losses

POLAND Construction group Mostostal Zabrze suffered a net loss in 2012 of more than PLN 11.5 mln, after generating a profit of PLN 27.9 mln a year earlier, according to a report drawn up by the company. Its sales revenue reached PLN 661 mln, compared to PLN 732.7 mln a year earlier.

Caelum opens CREAM

POLAND Irish developer Caelum Development has set up Caelum Real Estate Asset Management (CREAM).

Office and warehousing up, but slower retail growth

POLAND The supply of office space in Warsaw increased by 270,000 sqm in 2012 and currently amounts to nearly 2.9 mln sqm, according to a report by DTZ. Another 650,000 sqm is under construction, which “will translate into a high level of supply in the next two years,” claim the authors of the report.

This is an ex-Swan

ROMANIA Swan Property, the developer of the Swan Office & Technology Park in Bucharest, has been declared insolvent.

Saint-Gobain leases 2,400 sqm in Iris

POLAND Building material producer Saint-Gobain Group has leased app. 2,400 sqm of office space in the Iris building in Warsaw.

Skanska buys Corso IIB project

CZECH REPUBLIC Karlín Group has sold the Corso IIB office project in Prague to Skanska Property Czech Republic, according to local media reports.

Good year for Echo

POLAND Echo Investment has reported its results for 2012. Its operating revenue amounted to PLN 583.6 mln, up on the PLN 406.9 mln it made in 2011.

Mixed last quarter for Prima Moda

POLAND Footwear chain Prima Moda has published its results for Q4 2012. Over the period the company restructured its sales division, closing down two stores.

Sfinks turning the corner

POLAND Sfinks Polska has reported its results for 2012. Net revenue for the restaurant chain came to PLN 170.9 mln, while registering an operating loss of PLN 2.6 mln (compared to a loss of PLN 9.9 mln in 2011).

More stores in Jelenia Góra

POLAND Two brands of the Inditex group are to open stores in the Nowy Rynek shopping centre in Jelenia Góra. Stradivarius will occupy 400 sqm and Bershka will take up 600 sqm

Takko Fashion and Toys’R’Us choose Auchan

POLAND Takko Fashion has leased stores in two Auchan shopping centres in Silesia. The stores are to be opened in Katowice and Gliwice and will occupy 449 sqm and 378 sqm respectively.

Work on My Box begins

POLAND Construction work on the My Box retail park in Oława has begun. Skanska is the general contractor of the 2,000 sqm facility, which is being built on ul. Ks. Kutrowskiego.

Nine new stores in Galeria Solna