News

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

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

POLAND In 2012 the Manhattan shopping centre in Gdańsk registered an increase of over 10 pct in turnover and footfall on the previous year.

Ade Line to close Flo shops

POLAND Ade Line is planning to close all of its 21 Flo stores. The company is closing down the brand after failing to find a partner to help develop it.

One & Only comes to Europe

MONTENEGRO Kerzner International Holdings has signed an agreement with Triangle Investment and Development to develop and operate a One & Only resort in Kumbor overlooking Tivat Bay.

Revenue growth for IKEA

WORLD The IKEA group has published its results for the 2012 financial year (from the September 1st 2011 until August 31st 2012).

Polnord redeems bonds

POLAND Polnord has redeemed bonds worth PLN 65.5 mln. The bonds were divided into three tranches worth PLN 19, 20 and 26.5 mln.

Grupa TUP in the red

POLAND TUP group generated PLN 2 mln in net revenue in 2012.

C&W leases and sells Interfruct properties

HUNGARY Cushman & Wakefield has announced that it closed four industrial deals for the former Interfruct portfolio in 2012.

Real in Echo project in Jelenia Góra

POLAND An 11,200 sqm Real hypermarket has opened in the CH Echo shopping centre in Jelenia Góra.

Fewer Moscow office deliveries

RUSSIA Around 162,500 sqm of new office space came onto the Moscow market in Q4 2012, representing a 9 pct decline q-o-q. A total of 557,000 sqm was added to the market over the year, representing a 33 pct decline y-o-y.

Two tenders for Budimex

POLAND Budimex has won a tender to build a waste disposal plant in Bełżyce.

High footfall at AFI Palace

ROMANIA AFI Palace Cotroceni was visited 19 mln times in 2012, equivalent to the entire population of the country.

Emke to be refurbished

HUNGARY The Emke building in Budapest, which offers 12,500 sqm of office space, is soon to undergo extensive renovations.

Colliers names ten upcoming BPO cities

POLAND Ten cities in Poland have the potential to become significant centres in the Polish BPO sector, according to a Colliers International study.

Dachser HQ in MLP Pruszków II

POLAND Logistics operator Dachser is preparing a new headquarters for its Warsaw branch in the MLP Pruszków II warehouse park, owned by the MLP group.

Skanska to repave Grodzisk Mazowiecki roads

POLAND Skanska is to repave a number of streets in Grodzisk Mazowiecki.

Etalon releases results