News

HUNGARY Construction output in Hungary contracted by 5.9 pct y-o-y in 2012 and by 3.1 pct in December, according to data from the Hungarian Central Statistical Office (KSH).

BNP Paribas in Coresi Business Park

ROMANIA BNP Paribas Group has leased 500 sqm in Coresi Business Park in Brașov for three of its subsidiaries: Cetelem, BNP Paribas Leasing Solutions and Arval.

White & Case in Na Příkopě 14

CZECH REPUBLIC Law firm White & Case has leased 4,300 sqm of office space in the Na Příkopě 14 mixed-use building in Prague, which is being developed by Lordship and Immofinanz Group.

CEE REGION CPI has indicated that it is considering a possible takeover for Ablon at a price of GBP 0.225 per ordinary share in cash, valuing the company's entire issued share capital at GBP 30.8 mln (app. EUR 37.5 mln).

Penta secures EUR 113 mln refinancing for Digital Park

SLOVAKIA Penta has secured EUR 113 mln in refinancing for its Digital Park office project in Bratislava. The loan is to be used to refinance existing loans for the construction of Digital Park I and II and finance construction work on Digital Park III.

Helical demands payment from BNP Paribas

POLAND Helical Sośnica, an SPV company of Helical Poland established to develop the Europa Centralna retail centre, has demanded that BNP Paribas Bank Polska pay out PLN 25.9 mln from a guarantee it issued for the completion of the work on the centre to the general contractor, Polimex-Mostostal.

Adidas in Annopol

POLAND A 500 sqm Adidas sports store is to be opened in the Factory Warszawa Annopol outlet centre in the first quarter of the year.

Waryński signs contracts with partners

POLAND The Waryński group has signed an investment contract with Polnord and Dantex to develop two residential and office projects on ul. Jana Kazimerza in Warsaw’s Wola district by setting up joint venture companies with both firms.

Atrium Promenada flexes its muscles

POLAND The Pure Jatomi Fitness club has leased an area of 2,400 sqm in the Atrium Promenada shopping centre in Warsaw.

Arłamów hotel at the end of 2013

POLAND The Arłamów hotel in Arłamów (in Podkarpackie province) is to open in Q4 2013. The hotel includes sports facilities and spa.

Gorzów Wielkopolski ring road to be wider?

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has applied for permission (ZRID) from the governor of the Lubusz province to build an extra carriageway on the Gorzów Wielkopolski ring road along the S3 expressway.

Monnari receives over PLN 10 mln for Łódź plot

POLAND Monnari Trade, the owner of the Monnari clothing brand, has sold a 1.6 ha plot on ul. Kilińskiego in Łódź to Centrum-Wasiak Sławomir for PLN 10.45 mln net.

Change of tack for Mostostal Zabrze

POLAND Mostostal Zabrze-Holding plans to restructure over the next few years, optimising its fixed assets and further developing its design and technological competences.

Debenhams to open in Tallinn next year

ESTONIA Department store chain Debenhams is to open its second store in Tallinn in the autumn of 2014, according to local media reports.

Goodman builds more in 2012

POLAND The Goodman Group delivered over 122,000 sqm of warehouse space in Poland in 2012, a substantial increase on the 47,000 sqm developed in 2011.

Lakeview sale finalised

ROMANIA New Europe Property Investments subsidiary NE Property Cooperatief has bought all the shares of BVB Real Estate from AIG/Lincoln Lakeview and also acquired the company’s outstanding debt from MKB Bank MFB Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársas.

Poland accounts for 70 pct of CEE investment

POLAND The Polish market accounted for over 70 pct (EUR 1.87 bln) of the total EUR 2.5 bln real investment in the CEE region in H2 2012, according to figures from Jones Lang LaSalle.

Record year for Moscow industrial growth on the cards, says CBRE

RUSSIA The volume of new construction in the Moscow industrial and logistics sector may reach record levels in 2013, according to CBRE.

Griffin buys two Warsaw office buildings