News

POLAND The Polish State Railways (PKP) has sold a property on ul. Braniborska in Wrocław for PLN 12.6 mln. The buyer of the two plots with an area of 1.21 ha is a private company. The transaction was finalised in January.

Thousand metres for LPP in Zielone Wzgórze

POLAND The Carrefour Zielone Wzgórze shopping centre in Białystok has gained a number of new tenants.

Erbud waits for Modlin runway analysis

POLAND Erbud, the contractor of the runway at Modlin airport, maintains that the contractor error has been ruled out by a preliminary analysis of the project construction process.

Kielce SEZ to grow

POLAND Kielce city council has decided that a number of plots on ul. Olszewskiego and ul. Pakosz will be added to the local Special Economic Zone.

TUP plans to extend City Point

POLAND TUP Property has acquired a site development conditions decision from the Mayor of Tychy for its City Point project in Tychy.

IKEA opening in April 2014

SERBIA First deputy prime minister Aleksandar Vučić has announced that IKEA is to open its first Serbian store in Belgrade in April 2014, according to local media sources.

Record year for CBRE

WORLD CBRE has reported a record result for 2012 with global revenue of USD 6 bln, up by 10 pct on 2011.Revenue in Q4 came in at USD 2 bln, up by 14 pct on Q4 2011.

Building Hollywood in St Petersburg

RUSSIA Construction work is to begin in the summer on the Hollywood shopping centre in St Petersburg’s Primorsky district.

Orco sells shares and fund stake

EUROPE Orco Property Group has sold its units in the office sub-fund of the Endurance Real Estate Fund to J&T Banka for EUR 8.7 mln.

ECM finally laid to rest

CZECH REPUBLIC The Prague municipal court has finally declared developer ECM Real Estate Investments bankrupt. On February 7th, Astin Capital Management, the main group of creditors, pulled out of the reorganisation plan it had originally favoured.

Lower vacancy rates in 2012

POLAND Demand for warehouse space decreased in 2012 compared to 2011, according to Jones Lang LaSalle and Colliers International.

Galeria Zabrze attracts tenants on the eve of opening

POLAND Top Secret, Ryłko, Toy Planet and a DaGrasso pizzeria have all signed leases for space in Galeria Zabrze.

IKEA starts building in Poznań

POLAND Inter IKEA Centre Group Poland has obtained a building permit for a 14,000 sqm shopping arcade on ul. Szwedzka in Poznań.

Smyk to open in Factory Annopol

POLAND A 600 sqm Smyk store offering children’s toys, clothing and accessories is to open in the Factory Warszawa Annopol outlet centre.

Marvipol and Atal set January records

POLAND In January Marvipol found buyers for 44 apartments, having sold only 26 in the same month of the previous year.This is the highest number of apartments sold in one month in the company’s history.

First leases signed for Galeria Dębiec

POLAND Biedronka is to open a 1,500 sqm supermarket in the Galeria Dębiec shopping centre in Poznań. Red Real Estate Development has also signed leases with travel agent Holiday Land and chemist Dom Leków.

Hospital contract for Budimex and Ferrovial

POLAND A consortium of Budimex and Ferrovial Agroman is to renovate the Medical University Hospital in Białystok.

FRI buys stake in retail park portfolio

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

07 February 2013

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

NDI to build Olsztyn sports complex

07 February 2013