News

POLAND Elbfonds Development is hoping to receive a building permit for its Marcredo Center Kutno in February, having applied for the permit on December 28th 2012.

Unibep’s road contract

POLAND Unibep is to build and construct provincial roads no. 645 and 648, from the Podlaskie province border to Nowogród.

Awbud to build Diamond Business Park Ursus

POLAND Awbud has been appointed general contractor for the first phase of Diamond Business Park Ursus in Warsaw, a warehouse and office park being developed by AIG/Lincoln.

Museum contract signed

ESTONIA Fund Ehitus has signed a EUR 47 mln contract with the Estonian government to build the National Museum in Tartu.

ROMANIA In December 2012, a total of 2,342 building permits were issued for residential buildings, representing a 10.4 pct decrease on the previous month and a 14.2 pct decrease on December 2011, according to data from Romania’s National Institute of Statistics (INS).

Vodny project begins

RUSSIA MR Group has begun the construction phase for its Vodny office and retail complex in the northwest of Moscow, the completion of which is scheduled for Q2 2014.

Goodman delivers 820,000 sqm

EUROPE Goodman Group completed over 820,000 sqm of warehouse space across continental Europe in 2012 and leased over 850,000 sqm.

Colliers predicts stable market

POLAND A total of 900,000 sqm of office space in Poland will be leased over 2013, according to predictions from Colliers International.

Skyscraper development in doubt

RUSSIA Real Service, a subsidiary of developer Mirland, has received a letter from the city of Moscow informing it of the decision to revoke the lease of a 0.9 ha plot where the company is planning to develop its Skyscraper project.

Hellmann leases 20,000 sqm in CTPark Bor

CZECH REPUBLIC Logistics services company Hellmann has leased 20,000 sqm in CTPark Bor in Plzeň region.. It is to start operations in the facility in March this year.

Polimex-Mostostal secures financing

POLAND Polimex-Mostostal has signed an agreement with its creditors to reduce its fixed costs by a minimum of PLN 300 mln by 2015.

Revenue boost for Redan

POLAND Grupa Kapitałowa Redan generated consolidated sales revenue of PLN 437.1 mln for 2012, representing a 15 pct increase on 2011.

Ring road for Leżajsk

POLAND The Rzeszów branch of the General Directorate of National Roads and Motorways (GDDKiA) has signed a PLN 66 mln contract with a consortium made up of Przedsiębiorstwo Robót Inżynieryjnych Pol-Aqua (the leader) and Dragados for the construction of a 3.6 km section of the Leżajsk ring road.

PPG revises financial forecast upwards

POLAND Platinum Properties Group (PPG) has revised its estimated net profit for 2012 to PLN 13 mln – up on the PLN 12 mln that it predicted earlier. The developer now estimates its turnover at PLN 44 mln, compared to its previous forecast of PLN 30 mln.

Orbis reveals ambitious plans

POLAND Grupa Hotelowa Orbis is to stop building its own hotels from 2014 and focus on developing its chain through franchising and management contracts.

Dolcan announces plans for 2013

POLAND In 2013 Dolcan is to put 782 apartments on the market. The developer is also to start construction work on the second stage of its Ogrody Ochota estate in Warsaw, an investment of app. PLN 90 mln.

Robyg secures Warsaw estate finance

POLAND Grupa Robyg has borrowed PLN 15 mln from Millennium bank to finance a residential project on al. Rzeczypospolitej in Warsaw’s Wilanów district.

Haapsalu fined for tender irregularities

ESTONIA The town of Haapsalu is to lose EUR 100,000 in grants from Enterprise Estonia due to irregularities in the tender procedure for the general contractor of the town’s cultural centre.

Strong online sales growth

CZECH REPUBLIC Internet sales reached CZK 43 bln (EUR 1.68 bln) in the Czech Republic in 2012, which is the equivalent of 46 shopping centres, according to Cushman & Wakefield.

WebMediaGroup joins Tropicano club