News

ROMANIA BCR plans to foreclose on Cocor and put the Cocor shopping centre in Bucharest up for auction on November the 16th for a starting price of RON 134.9 mln (app. EUR 30 mln).

Közgép to renovate square for EUR 13 mln

HUNGARY A consortium of Közgép, Magyar Aszfalt and West Hungária Bau is to complete the renovation of Dunakapu Square in Győr in a contract worth HUF 3.8 bln (app. EUR 13 mln).

GSK in Baltic Hearts

LITHUANIA GlaxoSmithKline, the US pharmaceutical company has relocated their 800 sqm office to new Baltic Hearts business centre in Vilnius CBD.

Centrál mall opens in Bratislava

SLOVAKIA The Centrál shopping centre in Bratislava has been opened.

KIK comes to Jarosław

POLAND A 430 sqm KIK clothing store is to open in the Pruchnicka shopping centre in Jarosław in south east Poland.

CCC enters Galeria Malta

POLAND The Galeria Malta shopping centre n Poznań, which is owned by Neinver, has acquired the CCC brand as a new tenant.

PBO Anioła to cut costs

POLAND PBO Anioła intends to cut costs by, among other measures, reducing management board pay by up to 30 pct.

AmRest increases European sales

EUROPE The AmRest group, which manages KFC, Pizza Hut and Burger King restaurants as well as the Starbucks cafe chain, posted sales of PLN 464.3 mln for Q3 for its Central European and Russian divisions.

Plac Małachowskiego to be renovated?

POLAND The State Ethnographical Museum in Warsaw, the Zachęta National Gallery of Art, the Holy Trinity Lutheran Church in Warsaw and Hochtief Development Poland have come together in an attempt to renovate the historic Plac Małachowskiego

Budimex makes cheapest A4 offer

POLAND Budimex has made the cheapest offer to finish construction work on a 4 km section (between the Rzeszów-Zachód interchange and the Rzeszów Centralny interchange) of the A4 motorway.

More Moscow office space

RUSSIA New office completions in Moscow in Q3 came to 176,500 sqm, representing a 24 pct y-o-y increase, according to Jones Lang LaSalle.

Igroland to open in Lviv

UKRAINE Toy store Igroland has leased 1,500 sqm in the Forum Lviv shopping centre, which is being developed by Multi Development Ukraine.

EmiTel to move to Fronton in Kraków

POLAND Radio and TV broadcast infrastructure operator EmiTel has leased 983 sqm of office space in Fronton Office Center in Kraków. Cushman & Wakefield represented the tenant for this transaction.

Finns start Tapiola in St Petersburg

RUSSIA Finnish company Lemminkäinen has purchased a plot along the Obvodny Canal near Moskovsky Prospekt in central St Petersburg for its Tapiola residential project.

Echo buys Warsaw plot

POLAND Echo Investment has bought a 3.08 ha site on ul. Taśmowa in Warsaw’s Służewiec business district for PLN 60 mln from the Industrial Development Agency (Agencja Rozwoju Przemysłu).

Over 50,000 sqm of office space comes to Warsaw in Q3

POLAND In Q3 2012, 56,100 sqm of office space were delivered to the market bringing the total stock up to 3.75 mln sqm, while the vacancy rate increased from 7.4 pct at the end of H1 2012 to 8.1 pct. – according to figures from the Warsaw Research Forum.

Someone old and new for Rondo 1

POLAND Conoco Philips is the latest tenant of the Rondo 1 office building in Warsaw after leasing a 500 sqm office on the sixth floor of the skyscraper.

Bigger Deichmann in new Ogrody

POLAND A Deichmann footwear store is to open in the extended part of the Ogrody shopping centre in Elbląg.

Biedronka distribution centre opens in Sieradz

POLAND The Biedronka chain has opened its eleventh Polish distribution centre in Sieradz.

Better roads to Poznań City Center