News

ROMANIA First Retail International (FRI), which is managed by Mitiska Ventures, has bought a 50 pct stake in the InterCora retail park portfolio from Alpha Property Development.

Rzeszów hotel upgraded

POLAND The Best Western Hotel Ferdynand in Rzeszów is to be run under a new brand.

NDI to build Olsztyn sports complex

POLAND Sopot-based company NDI has won the tender to construct a sports centre on Lake Ukiel (also known as Lake Krzywe) in Olsztyn.

POLAND Interior design store Home & You has announced two new openings. The company has leased 310 sqm in Galeria Solna in Inowrocław as well as 250 sqm in the Nowy Rynek shopping centre in Jelenia Góra.

Carry comes to Galeria Sfera

POLAND Fashion retailer Carry has leased a 600 sqm store in the Galeria Sfera shopping centre in Bielsko-Biała.

Two buildings topped out in Dębowe Tarasy estate

POLAND The third stage of the Dębowe Tarasy estate in Katowice has reached the shell stage and two buildings with 317 apartments have been topped out.

March opening for Veneda

POLAND The Galeria Veneda shopping centre in Łomża is to open on March 7th. The centre is to have a total area of 40,000 sqm with a leasable area of 16,000 sqm and 80 stores.

VTB lends RUB 2.7 bln to MR Group

RUSSIA VTB Bank has provided a RUB 2.7 bln (app. EUR 66.3 mln) three-year credit line for Business Park Savelovsky, a subsidiary of MR Group, to finance the first phase of Savelovsky City, a class ‘B’ mixed-use complex in Moscow.

EBRD finances Belgrade retail park

SERBIA The European Bank for Reconstruction and Development is to provide EUR 13.5 mln in financing for a 15,309 sqm retail park in Belgrade.

Buda Castle Hill to be renovated

HUNGARY The southern part of the Buda Castle Hill in Budapest is to be renovated, with work to begin this month (February), according to local media reports.

Atal begins work on Wrocław apartments

POLAND Atal has started the construction phase for the Dyrekcyjna 33 Apartamenty residential project in Wrocław.

Rebranding for Cieszyn Orbis hotel

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