News

POLAND The construction of the Karuzela shopping centre on Wodzisław Śląski is to start at the end of January.

Residential market going down

POLAND The secondary residential market in Poland is characterised by decreasing prices, prolonged sales times, and the growing popularity of smaller and smaller apartments, according to the Polish Real Estate Federation’s summary of 2012.

New Yorker comes to Ogrody

POLAND New Yorker is to open a store in the extended Ogrody shopping centre in Elbląg, an investment by CBRE Global Investors.

Ticket sales up for Cinema City

CEE REGION Cinema City International has announced that it sold a total of 36.3 mln tickets in all its countries of operation in 2012, up by 2.5 pct on the 35.5 mln sold in the previous year.

H&M enters Piła

POLAND The first H&M store in Piła is to open in the town’s Atrium Kasztanowa shopping centre.

Luxury stores to open in Il Bacio di Stile

HUNGARY The 5,000 sqm Il Bacio di Stile exclusive shopping centre is soon to open on Andrássy út after a EUR 17 mln investment in the historic building’s restoration.

EU provides EUR 13.92 mln for Ploieşti flyover

ROMANIA The EU’s Regional Operational Programme 2007–2013, managed by the Ministry of Regional Development and Public Administration, is to provide EUR 13.92 mln in financing for a flyover in Ploieşti.

C&W to manage Feniks

POLAND Cushman & Wakefield has been appointed manager of the Feniks office building in Warsaw.

Riga airport plots up for auction

LATVIA Riga city council is auctioning 22 plots with a combined area of just over 40 ha next to Riga International Airport.

Stokrotka establishes 27,000 sqm distribution centre

POLAND Supermarket chain Stokrotka has signed a 27,000 sqm lease in Prologis Park Teresin.The company, which is to occupy all of building ‘2’, is to convert 5,000 sqm into a cold storage area.

Bank pays Polnord for claims against Warsaw

POLAND Polnord has received PLN 10 mln from Polski Bank Przedsiębiorczości. It is the second tranche of a payment totalling PLN 25 mln for its claims against the city of Warsaw that it sold to the bank.

Work to start on Warsaw’s river banks

POLAND The city of Warsaw has signed a contract for the construction of a beach pavilion on the right bank of the Vistula River. Konsolid won the tender with an offer to carrying out the work within 250 days at a cost of PLN 4.24 mln.

Batory mall still changing

POLAND The Batory shopping centre in Gdynia, owned by Pomorze Inwestment, is to be modernised. Both the mall’s interior and exterior are to be renovated.

Technological parks in Kraków in Katowice to expand

POLAND The government has decided to extend Kraków Technology Park by more than 70 ha, which will increase its size up to 628 ha.

Bielany retail park has building permit

POLAND Inter IKEA Centre Group Poland has received the final building permit for the conversion of a shopping centre in Wrocław’s Bielany district.

Ronson looks to increase sales

POLAND Ronson intends to sell 500 apartments in 2013, compared to the 380 it sold in 2012.

Penny Market rebranded

ROMANIA The Penny Market XXL chain of supermarkets, owned by the Rewe Group, has been re-launched as XXL Mega Discount.

JLL predicts USD 32 bln hotel investment

WORLD Jones Lang LaSalle predicts that global hotel transaction volumes will hit USD 32 bln in 2013.

Record year for C&W

HUNGARY Cushman & Wakefield mediated office leases for over 68,000 sqm in 2012, including 30,000 sqm in Q4.

Axi Immo negotiates 8,000 sqm