News

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

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

Echo issues bonds

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

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

POLAND In 2012 Residential developer Bouygues Immobilier Polska sold a record 350 apartments in Warsaw as well as 20 houses in Józefosław just outside the city.

Lux Med to enter Brama Portowa

POLAND Lux Med has leased 800 sqm in the Poczta building of the Brama Portowa office complex in Szczecin.

Brochocki law office mediates contracts for 10,000 sqm

POLAND In the final quarter of 2012 Brochocki law office acted as the agent in the lease and sale of over 10,000 sqm of office space in Warsaw.

Rank Progress to dispose of waste

POLAND/CROATIA Rank Progress has set up a joint venture with Waste to Energy Canada, a Canadian company that specialises in generating electricity through the incineration of waste.

Construction output down, but wages holding up

CZECH REPUBLIC Czech construction output declined by 9.3 pct y-o-y this January, according to the Czech Statistical Office (ČSÚ).

Good year for JLL