News

POLAND Budimex subsidiary Mostostal Kraków has signed an agreement with KGHM Polska Miedż to build a complex of three halls with an electrical generator building.

PHN to be sold for PLN 22 per share

POLAND Subscriptions by private individuals have been concluded for shares in Polski Holding Nieruchomości, while the book building process for institutional investors has also closed.

Czerwona Torebka to acquire Merlin.pl

POLAND Czerwona Torebka has signed a letter of intent to purchase internet retailer Merlin.pl and is shortly to carry out due diligence and apply for regulatory approval from the Office of Competition and Consumer Protection (UOKiK).

P.A. Nova pulls out of Selgros property purchase

POLAND Gliwice-based developer P.A. Nova has cancelled its preliminary contract with Selgros to purchase of a property for PLN 30 mln after Selgros refused to amend the agreement.

Blue Tower Residence for sale

ROMANIA RVA Insolvency Specialists are to auction the uncompleted Blue Tower Residence on Strada Fabrica de Gheata in Bucharest on February 15th.

Park Plaza Histria Pula to be extended

CROATIA PPHE Hotel Group has announced that it will extend its Park Plaza Histria Pula hotel in Pula by 127 rooms and suites, bringing the total number up to 368.

GDDKiA commissions two roads for PLN 1.5 bln

POLAND Strabag has won a tender to build a road from Warsaw to Janki, while a consortium led by Salini Polska is to build two sections of the A1 motorway.

IKEA awaits building permit

POLAND Inter IKEA Centre Group Poland has applied for a building permit to build a shopping centre in Lublin.

Construction begins for BASF factory

POLAND The foundation stone has been laid for a BASF catalytic converter factory.

Awbud receives more for Poznań City Center

POLAND TriGranit Development is to pay an additional PLN 30,000 net for the work on its Poznań City Center project.

Toruń chooses correctly

POLAND An appeal made by Spanish-based Aldesa Construcciones against the city of Toruń’s choice of contractor for a concert hall has been thrown out.

Arco Vara breaks ties with Nordecon

ESTONIA Tivoli Arendus, a company jointly owned by Arco Vara subsidiary Arco Investeeringute and International Invest Project, has cancelled its construction contract with Nordecon to develop an apartment building on Narva maantee in Tallinn.

Era retail park ”completed in Q4 2014”

ROMANIA European Convergence Development Company (ECDC) has delayed its proposed 28,000 sqm extension to its Era retail park in Iași pending the finalisation of a debt facility.

Record year for C&W office leases

POLAND Cushman & Wakefield enjoyed a record year in 2012 on the office leasing market in Poland.POLAND Cushman & Wakefield enjoyed a record year in 2012 on the office leasing market in Poland. It was involved in leasing transactions totalling 123,000 sqm, 72,000 sqm of which was leased in Warsaw, while the remaining 51,000 sqm was leased in regional cities.

Polish warehousing hit by the slump

POLAND The economic slowdown hurt the Polish industrial market in 2012, according to research by Jones Lang LaSalle.

Warsaw flyover offers opened

POLAND Strabag has submitted the cheapest offer of PLN 30.6 mln gross to renovate the flyovers along Trasa Łazienkowska in Warsaw.

More former military land up for sale

POLAND The Polish government has sold Fort Traugutta, a former military property built on a 2,300 sqm site on ul. Międzyparkowa in Warsaw, to a private individual for PLN 3.03 mln.

Stadium tenders possibly rigged

POLAND The Office of Competition and Consumer Protection (UOKiK) has begun an investigation into possible collusion between Polcourt and Saltex in their bids for tenders to build stadiums and football pitches.

Eco courtyard for Triumph Park

RUSSIA Mirland Development and the Neskuchny Sad architectural studio are to develop an eco-courtyard for its Triumph Park mixed-use residential project in St Petersburg.

Carrefour goes SEE