News

CZECH REPUBLIC At the end of 2012, 2.9 mln sqm of modern shopping centre space was located in the Czech Republic, 877,800 sqm of which was in Prague, according to the latest report from CBRE.

Park Inn by Radisson to open in Kyiv

UKRAINE The Rezidor Hotel Group has announced that it is to open the Park Inn by Radisson Troyitska in central Kyiv.

DB Schenker begins new complex

CZECH REPUBLIC DB Schenker Logistics has just started the construction of a new logistics complex in Rudná u Prahy, close to the Czech capital.

TUP sells over 11 ha

POLAND TUP Property, a subsidiary of TUP, has signed a preliminary agreement to sell 11.2 ha in POLAND TUP Property (Mazowieckie) to Warsaw company Inter Cars.

Covidien first in Delta Plaza

RUSSIA Medical production company Covidien has become the first tenant of Delta Plaza in Moscow, leasing more than 2,600 sqm for ten years.

EUR 9.6 mln for 1 km of motorway

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has announced that the average cost of 1 km of motorway built in Poland is EUR 9.6 mln.

Larger Mohito in Millenium Hall

POLAND The Mohito clothing store in the Millenium Hall shopping centre in Rzeszów has increased the size of its lease by 200 sqm and is now to occupy an area of 500 sqm.

Mostostal Kraków signs PLN 118 mln contract

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”