News

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

RUSSIA Residential developer Etalon Group has released its results for 2012. The company acquired 883,000 sqm of net saleable area in four projects in the Moscow metropolitan area and St Petersburg.

Industrial space tops 4.1 mln sqm

CZECH REPUBLIC The Industrial Research Forum has released its market figures for Q4 2012. According to its data, the total stock of modern class ‘A’ warehouse and industrial space in the Czech Republic currently stands at 4.113 mln sqm.

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