News

POLAND/CROATIA Rank Progress has set up a joint venture with Waste to Energy Canada, a Canadian company that specialises in generating electricity through the incineration of waste.

Construction output down, but wages holding up

CZECH REPUBLIC Czech construction output declined by 9.3 pct y-o-y this January, according to the Czech Statistical Office (ČSÚ).

Good year for JLL

WORLD Jones Lang LaSalle has reported global revenues of USD 3.9 bln for 2012 up from USD 3.5 bln in 2011 and representing a 12 pct increase in local currencies.

Golub renames Grzybowska tower

POLAND Golub GetHouse has officially launched the name of its new office project at ul. Grzybowska 78 in Warsaw – Prime Corporate Center.

ROMANIA AIG/Lincoln and Dinu Paticiu Global Properties are reportedly finalising negotiations for the sale of the Lakeview office building in Bucharest to New Europe Property Investments for EUR 70 mln, reports Ziarul Financiar.

Strong results for Warimpex

EUROPE Warimpex Finanz- und Beteiligungs has reported a 13 pct increase in sales revenues to EUR 73.6 mln for 2012.

Historic office sale in Riga

LATVIA Real estate fund BPT Secura has sold a historic office building on Kaļķu iela in Riga to SIA Key 15, a subsidiary of Italian-owned Baltic RE Group.

WDP raises EUR 50 mln through bond issue

EUROPE WDP has issued seven-year bonds worth EUR 50 mln.

TriGranit Management to manage South Sofia Ring Mall

BULGARIA TriGranit Management has been appointed property manager for the South Sofia Ring Mall.

Tinkoff to take calls in Mirland Business Center

RUSSIA Credit card bank Tinkoff Credit Systems is to move all of its call centres into one office and has signed a lease of 7,300 sqm in MirLand Business Center on ulitsa 2 Khutorskaya in Moscow.

European Commission suspends road payments

POLAND The European Commission has temporarily suspended payments of EU road subsidies for projects commissioned by the General Directorate of National Roads and Motorways (GDDKiA).

Alfa changes in Gdańsk

POLAND A number of new stores are to sign leases in Alfa Centrum in Gdańsk. The new brands are Sinsay, Gerry Weber, Ecco, 4F, Lavard and Subway, which will together occupy an area of around 700 sqm.

Abra focuses on franchising

POLAND Furniture store chain Abra is to open around 10 to 12 new franchise outlets in 2013. By the end of 2013 the chain could number 90 units.

Metro Properties to manage Tulipan and Kometa

POLAND Metro Properties has taken over the management of the Tulipan shopping centre in Łódź and the Kometa centre in Toruń, both of which belong to the portfolio of the POERF fund managed by Pradera Europe.

Instal Kraków starts building in Kraków

POLAND Instal Kraków has chosen Krakbau to construct an apartment building on ul. Przewóz in Kraków in a contract worth almost PLN 16 mln net. Eventually 106 apartments are planned, with spaces for 57 vehicles in an underground car park.

Little new warehouse space and no vacancies

RUSSIA New completions of warehouse space in Q4 in the Moscow region reached 124,000 sqm – a 40 pct y-o-y decrease on the previous year, while vacancy rates have subsequently fallen to 0.65 pct, according to Jones Lang LaSalle.

O1 to sell Olimpia?

RUSSIA O1 Properties is considering the sale of the Olimpia Park office complex to its largest tenant, IT company Kaspersky Labs, according to ‘Vedomosti’.

City Center Sofia changes cinemas

BULGARIA The City Center Sofia shopping centre is to change its cinema operator. In June Cine Grand will reopen the recently refurbished 3,800 sqm multiplex, which will have six screens and 1,200 seats.

Mega Image opens in Bucharest

ROMANIA Mega Image, which is owned by the Delhaize group, has today (January 31st) opened its largest grocery store in Romania, in Bucharest, with 1,600 sqm of retail space.

Quiet quarter for Bratislava offices