News

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

EUROPE Greek-based Carrefour franchisee Marinopoulos is to bring the French hypermarket chain into a number of South Eastern European markets, according to local media reports.

Corall to open in May

ROMANIA The Corall shopping centre in Constanța is to open on May 15th. Cora, the project’s developer, denies local media reports that the centre is to open two months early (i.e. in April).

Imtech Polska investigated over Adventure Park Warsaw irregularities

POLAND The board of directors of Imtech Polska has been suspended pending an investigation by the mother company into possible irregularities regarding four contracts – including three signed with Adventure World Warsaw, a project for which Imtech was appointed general contractor.

Two leases for Goodman

POLAND Two tenants have leased land in the Pomeranian Logistics Centre in Gdańsk, which is being developed by Goodman.

Foxconn lease in CTPark Pardubice

CZECH REPUBLIC Computer and electro devices manufacturer Foxconn has leased 15,500 sqm of industrial and 1,000 sqm of office space in CTPark Pardubice for its European distribution centre.

Tower 115 receives EUR 44 mln

SLOVAKIA An investment loan of EUR 44 mln has been provided by Všeobecná Úverová Banka (the arranger) and Československá Obchodní Banka for the Tower 115 building in Bratislava.

Logicor acquires portfolio from Panattoni

POLAND Panattoni Europe has sold two portfolios of logistics assets located in Poland totalling 402,000 sqm to Logicor, a pan-European logistics platform established by the Blackstone Group.

O1 Properties buys White Square offices

19 March 2013

RUSSIA O1 Properties has bought the White Square office building in Moscow for an undisclosed sum.

Echo issues bonds

01 February 2013

POLAND Echo Investment has issued bonds with a total value of PLN 200 mln. The bond issue was part of the Bond Issue Programme of the 1st of September 2011 agreement which was signed with BRE Bank.

CBRE absorbs Impact-Corti

19 March 2013

CZECH REPUBLIC/SLOVAKIA CBRE Group has announced the acquisition of Impact-Corti, a firm specialising in property management in the Czech Republic and Slovakia.

Record sales for Bouygues Immobilier

01 February 2013