News

HUNGARY Office supply in Budapest was the lowest ever in 2012, according to figures released by DTZ. The total stock increased by 22,950 sqm to reach nearly 3.2 mln sqm.

AFI Park 1 almost full

ROMANIA The AFI Park 1 office building in Bucharest is now 85 pct leased. IT company Endava, one of the anchor tenants of the building, has decided to expand its existing 2,400 sqm of office space by a further 600 sqm.

Cypriots to build High Tatras park

SLOVAKIA Park Snow Veľká Lomnica, a subsidiary of Cyprus-registered Park Snow Limited, is planning to build an amusement park in Veľká Lomnica in the High Tatras, according to local media.

Warimpex issues EUR 15.1 mln of bonds

POLAND Warimpex has issued bonds in Poland to the value of PLN 63.1 mln (app. EUR 15.1 mln), with each bond worth PLN 1,000 (app. EUR 250).

IHG signs franchise deal to build 15 hotels

RUSSIA InterContinental Hotels Group (IHG) has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain, a portfolio company of VIY Management (VIYM), to develop 15 new hotels in Russia by 2019.

No complaints from Dom Development

POLAND Development company Dom Development has summed up 2012 as a difficult but successful year. The company sold 1,436 apartments over the year, nearly 300 fewer than in 2011.

All LPP brands in Gemini Park

POLAND All LPP brands (Reserved, Cropp Town, House, Mohito and Sinsay) are to have stores in the new extension to the Gemini Park Bielsko-Biała shopping centre, occupying a combined area of 3,300 sqm.

Budimex at the airport

POLAND Przedsiębiorstwo Państwowe Porty Lotnicze in Warsaw has chosen Budimex and Budimex Budownictwo in the tender to extend the landing area at the Fryderyk Chopin Airport in Warsaw including the redevelopment of the runway and the extension of the taxiway.

Biedronka spreads its wings

POLAND The Jeronimo Martins group is planning to invest from EUR 650 to 700 mln in 2013, 70 pct of which has been earmarked for the further development of the Biedronka chain.

Building permit for stage 2 of Kameralne estate

POLAND The Robyg group has acquired a building permit for the second stage of the Osiedle Kameralne estate in Warsaw’s Bemowo district.

Platinium Business Park sold

POLAND Globe Trade Centre group has finalised its sale of the fifth building in Platinium Business Park in Warsaw to Allianz Real Estate for a final price of EUR 34 mln.

Reserved opens Osowa store

POLAND Reserved is to open a store of more than 740 sqm in the Osowa shopping centre in the TriCity.

New leases in Dekada Grójec

POLAND Media Expert and CCC have leased some space in the Dekada Grójec shopping centre.

LPP to open shops in Łomianki

POLAND Two clothing brands from the LPP group are to open stores in the Auchan shopping centre in Łomianki.The Reserved and Mohito shops will occupy 1,600 sqm and 340 sqm respectively.

Hotel investment down

EMEA REGION In 2012 the total investment volume in hotels in the EMEA region came to EUR 8.5 bln, representing a 4 pct decline on the previous year, according to figures from Jones Lang LaSalle.

Danos helps negotiate 20,000 sqm in 2012

SERBIA Danos and Associates, an alliance member of BNP Paribas Real Estate, helped to negotiate the lease of 20,000 sqm of retail space in 2012.

Bristol renovations finished off

POLAND Extensive renovation work has been completed on the Hotel Bristol in Warsaw. As a result, it is now included in Starwood’s Luxury Collection.

Brno and Ostrava office markets continue to grow

CZECH REPUBLIC Total modern office stock in Brno came to 397,200 sqm by the end of 2012, according to the Regional Research Forum.

Old Town Court conversion in Prague

CZECH REPUBLIC A zoning permit has been issued for the renovation and conversion of the Old Town Court in Prague into a residential building.

Three bidders to renovate Budapest square