News

POLAND Hotel Orbis Halny Cieszyn is currently being rebranded. Since February it has been welcoming guests as Mercure Cieszyn, while modernisation work on the lobby and the rooms is now taking place in line with the requirements of the Mercure brand.

Horyniec health resort talks continue

POLAND After extending exclusive negotiations with potential investors for the Horyniec health resort in Horyniec-Zdrój – Specjalistyczny Gabinet Reumatologiczny Lekarz Medycyny Beata Bogusz-Dukacz and Przedsiębiorstwo Handlowo-Usługowe Dukat Witold Dukacz – the Polish government has now opened talks with another party, Eskulap G. Czarnecki of Rachanie.

Budimex and Eurovia win Rzeszów ring road contracts

POLAND The Rzeszów section of the A4 motorway is to be finished by Budimex.

BPT fund buys Sky

LATVIA In a sale and lease-back transaction, the BPT Baltic Opportunity fund has acquired its second asset, the Sky shopping centre in Riga’s Mežciems district.

Three Kraków leases signed

ROMANIA Jones Lang LaSalle has been chosen to be the property management of the Carrefour Militari shopping gallery in Bucharest 6.

Takko plans further expansion

EUROPE German value fashion retailer Takko Fashion plans to open 50 new stores across Europe from between February and the end of April 2013.

Czech retail the most saturated – CBRE

CZECH REPUBLIC At the end of 2012, 2.9 mln sqm of modern shopping centre space was located in the Czech Republic, 877,800 sqm of which was in Prague, according to the latest report from CBRE.

Park Inn by Radisson to open in Kyiv

UKRAINE The Rezidor Hotel Group has announced that it is to open the Park Inn by Radisson Troyitska in central Kyiv.

DB Schenker begins new complex

CZECH REPUBLIC DB Schenker Logistics has just started the construction of a new logistics complex in Rudná u Prahy, close to the Czech capital.

TUP sells over 11 ha

POLAND TUP Property, a subsidiary of TUP, has signed a preliminary agreement to sell 11.2 ha in POLAND TUP Property (Mazowieckie) to Warsaw company Inter Cars.

Covidien first in Delta Plaza

RUSSIA Medical production company Covidien has become the first tenant of Delta Plaza in Moscow, leasing more than 2,600 sqm for ten years.

EUR 9.6 mln for 1 km of motorway

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has announced that the average cost of 1 km of motorway built in Poland is EUR 9.6 mln.

Larger Mohito in Millenium Hall

POLAND The Mohito clothing store in the Millenium Hall shopping centre in Rzeszów has increased the size of its lease by 200 sqm and is now to occupy an area of 500 sqm.

Mostostal Kraków signs PLN 118 mln contract

POLAND Budimex subsidiary Mostostal Kraków has signed an agreement with KGHM Polska Miedż to build a complex of three halls with an electrical generator building.

PHN to be sold for PLN 22 per share

POLAND Subscriptions by private individuals have been concluded for shares in Polski Holding Nieruchomości, while the book building process for institutional investors has also closed.

Czerwona Torebka to acquire Merlin.pl

POLAND Czerwona Torebka has signed a letter of intent to purchase internet retailer Merlin.pl and is shortly to carry out due diligence and apply for regulatory approval from the Office of Competition and Consumer Protection (UOKiK).

P.A. Nova pulls out of Selgros property purchase

POLAND Gliwice-based developer P.A. Nova has cancelled its preliminary contract with Selgros to purchase of a property for PLN 30 mln after Selgros refused to amend the agreement.

Blue Tower Residence for sale

ROMANIA RVA Insolvency Specialists are to auction the uncompleted Blue Tower Residence on Strada Fabrica de Gheata in Bucharest on February 15th.

Park Plaza Histria Pula to be extended