News

CROATIA The European Investment Bank is to lend EUR 250 mln to the Croatian Bank for Reconstruction and Development (HBOR) to finance a number of projects throughout the country, including infrastructure projects supported by local authorities and tourism schemes.

Schoenherr in Le Palais

POLAND Law firm Schoenherr has leased over 700 sqm in Le Palais on ul. Próżna in Warsaw.

No Limit extends Polish boundaries

POLAND Logistics operator No Limit has leased warehouses in Pruszków and Wrocław with a total space of 15,000 sqm.

JLL to sell Sheraton Kraków and Hilton Sofia

POLAND/BULGARIA Jones Lang LaSalle Hotels & Hospitality Group has been appointed as the exclusive agent for the sale of the freehold interests of the Sheraton Kraków and Hilton Sofia hotels.

Work soon to start of Galeria Warmińska

POLAND Construction work should begin within the next few days on the Galeria Warmińska shopping centre in Olsztyn.

Wzgórze extension reaches shell stage

POLAND Mayland Real Estate has finished the shell stage of the extension to the Wzgórze shopping centre in Gdynia.

Erbud denies responsibility for runway damage

POLAND “Erbud has ruled out the possibility that errors were made in the construction of the runway at Modlin airport”, Józef Zubelewicz, the president of the management board of Erbud, the general contractor of the project, has stated at a press conference.

Kristensen Group makes plans

POLAND This year Kristensen Group plans to launch the second stage, comprising 12 homes with 24 apartments, of its holiday home estate on ul. Komuny Paryskiej in Karpacz.

Czerwona Torebka obtains loan warranty from Alior Bank

POLAND Czerwona Torebka has concluded a loan repayment guarantee agreement with Alior Bank for a loan taken out by its subsidiary Piętnasta-Czerwona Torebka from the same bank.

KPP changes PM

POLAND Keen Property Partners Retail (KPP Retail) is to change the property management structure in two of its Polish shopping centres.

Bouygues and Ave Ester set up joint company

POLAND Bouygues has bought a stake of over 50 pct in Woodsia from Ave Este Luxembourg, which possesses 100 pct of the founding capital of the firm.

Orco demands EUR 32 mln in damages

CROATIA Orco Property Group has filed a request for arbitration against the State Property Management Agency of the Republic of Croatia.

Building permit for IKEA Zagreb

CROATIA IKEA has received a building permit to build a store in Zagreb, according to local media reports.

GTC cancels sale of three centres

ROMANIA Globe Trade Centre (GTC) and an undisclosed international private investor have decided to cancel a sale transaction for three small shopping centres in Romania.

Eli Lily comes to Business Garden Warszawa

POLAND SwedeCenter has leased more than 1,100 sqm of office space in its Business Garden Warszawa office centre to Eli Lilly.

Le Méridien Lav up for sale

CROATIA Grand Hotel Lav and Grand Marina Lav, the two companies which jointly own the Le Méridien Lav hotel outside Split and the adjoining resort and marina, have been put up for sale by their sole shareholder, Hypo Alpe-Adria-Bank International.

Tesco re-signs with Prologis for 86,400 sqm

SLOVAKIA Tesco signed two lease renewals for warehouse space at the end of last year totalling 86,400 sqm in Slovakia.

One more star for Start

24 January 2013

POLAND The Start hotel Atos on ul. Mangalia in Warsaw, which is owned by the Satoria Group, has been awarded another star by the Masovian provincial government to become a two-star facility.

J.P. Morgan chooses C&W for Budapest portfolio

HUNGARY J.P. Morgan Asset Management has appointed Cushman & Wakefield as the property manager for a 43,000 sqm Budapest office portfolio.

Manhattan strategy change pays off

24 January 2013