News

POLAND Grupa Budimex has released its results for 2012. Net revenue from sales of products, goods and materials came to nearly PLN 6.08 bln up on 2011 revenues of PLN 5.5 bln in 2011.

Two centres, one date

POLAND Two shopping centres are to open on March 1st. Europa Centralna combines a traditional mall with a retail park.

Two stores in Atrium Biała

POLAND Reserved is to open a 2,300 sqm store in the Atrium Biała shopping centre in Białystok.

Platinium Properties prepares WSE flotation

POLAND Platinium Properties Group has begun the book building process for its flotation on the Warsaw Stock Exchange.

EFH unable to buy back bonds

POLAND Europejski Fundusz Hipoteczny has applied to the District Court in Warsaw to extend the maturity of its EF series bonds, upon which payment is currently due.

Office market still deflating

RUSSIA Over 556,000 sqm was delivered onto the Moscow office market, according to figures from CBRE.

Office stock at 2.88 mln sqm

CZECH REPUBLIC By the end of the year, total modern office stock in Prague exceeded 2.88 mln sqm, according to the Prague Research Forum. Class ‘A’ properties represent 70 pct of this stock.

Eften Real Estate Fund acquires Hotel Palace in Tallinn

ESTONIA Eften Real Estate Fund and AS Esraven in a 50:50 joint venture have purchased the Hotel Palace on Vabaduse väljak (‘Freedom square’) in Tallinn from Scandic Hotels for an undisclosed price. Eften has announced that the building is to be fully renovated.

CBRE to manage KPP Retail portfolio

POLAND CBRE is to take over the management and leasing of the Graf shopping centre (4,530 sqm) in Chełm, a Castorama DIY store in Skierniewice, a Biedronka grocery store in Koszalin, the Galeria Sieradzka mall (7,900 sqm) in Sieradz as well as a shopping centre in Brzeg.

Dirks in Skalski-Logistic Park

POLAND Dirks Consumer Logistics has leased 20,000 sqm of warehouse and office space in Skalski-Logistic Park near Wrocław.

Valad takes control of GE Capital’s Polish Retail Fund

POLAND Real estate investment manager Valad has acquired the investment adviser and asset management teams of GE Capital Real Estate’s Polish Retail Fund for an undisclosed price.

Three offers for A4 completion

POLAND Three offers have been submitted to complete an almost 35 km section of the A4 motorway from the Krzyż interchange in Tarnów to Dębica.

Second stage of Poleczki Business Park awarded ‘Gold’

POLAND The second stage of the Poleczki Business Park complex in Warsaw, which is being developed by UBM and CA Immo, has been awarded LEED ‘Gold’ for ‘Core and Shell’.

Galeria Bem to open in April

POLAND The Galeria Bem shopping centre in Zambrów is to open on April 27th.

Próchnik buys Rage Age

POLAND fashion retailer Próchnik has bought the Rage Age clothing brand for PLN 18 mln. The transaction has been financed through the issue and acquisition of I series shares.

Universal sale

POLAND The court appointed administrator of Metro-Projekt has announced the former headquarters of Universal Foreign Trade Centre.

More space needed in Lublin

POLAND H&M, Carry and CCC have decided to increase the size of the stores that they plan to open in the Atrium Felicity shopping centre in Lublin, which is currently under construction.

Better results for LPP

POLAND The LPP capital group has reported improved sales revenue for Q4 2012 amounting to PLN 962 mln. This represents a 22 pct increase on the previous year.

Warsaw leaves Vienna, Rome and Madrid behind

POLAND The commercial property market in Warsaw is one of the most attractive in Europe, according to the ‘Emerging Trends in Real Estate Europe 2013’ ranking drawn up by PwC and the Urban Land Institute.

IKEA sees strong growth in 2012