News

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

11 February 2013

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

11 February 2013

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

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.

Two new Home & You outlets

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