News

RUSSIA/POLAND Transaction volumes on the Russian real estate market last year totalled USD 8.6 bln – up by 1.3 pct on 2011, according to Jones Lang LaSalle.

RT Galicya joins the ranks of Best Western

POLAND The RT Galicya hotel in Kraków, which is owned by RT Hotels (part of the Satoria Group), has joined the Best Western chain.

PRD Lubartów to construct Biłograj ring road

POLAND Biłograj council has signed a contract with Przedsiębiorstwo Robót Drogowych Lubartów to build the town’s northern ring road.

Wind powers Turawa Park

POLAND The Turawa Park shopping centre in Opole now powered by wind-generated electricity.

PBO Anioła to build retail centre for JMP

POLAND Construction company PBO Anioła has signed a contract with Jerónimo Martins Polska to build a retail and service centre in Jarocin.

Big plans for Mielno Holding-Firmus Group

POLAND Mielno Holding-Firmus Group plans to build two new residential buildings with 250 units next to its Dune luxury apartment building in Mielno.

Two deals for Nowy Dom Jabłkowskich

POLAND Architectural studio SUD Architectes has leased 410 sqm, while Apax Consulting Group and Polish Investment Fund are to share 220 sqm, in the Nowy Dom Jabłkowskich building in central Warsaw. Both leases are for a period of five years.

Robyg sells bonds to buy bonds

POLAND The Robyg group has completed a bond issue worth PLN 50 mln. The company issued 100,000 series ‘H’ unsecured bonds as well as 400,000 series ‘G’ secured bonds.

JLL predicts more retail this year

POLAND In 2012, the Polish shopping centre market expanded by 374,000 sqm to reach over 7.94 mln sqm at the end of the year, according to Jones Lang LaSalle. This represents the lowest increase in retail stock since 2004.

Platan receives BREEAM In-Use

POLAND The Platan shopping centre in Zabrze has been obtained a BREEAM In-Use certificate at the ‘Excellent’ level in the building management category and at the ‘Very Good’ level for asset rating (the ecological characteristics of the building).

Amber reaches shell stage

POLAND The shell stage of the Galeria Amber shopping centre in Kalisz has been completed.

Żabka opens distribution centre in Tulipan Park Warsaw

POLAND Żabka Polska is to open a distribution centre in Tulipan Park Warsaw, which is owned by Segro.

Tsar’s Capital gets the go-ahead

RUSSIA The project documentation has been approved for the Tsar’s Capital residential development in St Petersburg by the city’s construction supervision and expertise department.

AFI obtains financing for Ploieşti mall

ROMANIA Raiffeisen Bank International is to provide financing of over EUR 30 mln to AFI Europe for the development of the AFI Palace Ploieşti shopping centre in Ploieşti.

DNB to move into Quadrum Business City

LITHUANIA DNB bank has leased over 10,000 sqm in Quadrum Business City in Vilnius and is planning to move into the building in the fourth quarter of 2015.

Helaba provides EUR 59 mln for Warta Tower

POLAND German bank Helaba is providing EUR 59 mln in financing to Chmielna Inwestycje (part of the Kulczyk Real Estate Holding group) for the Warta Tower building in central Warsaw.

Marvipol turns focus to apartments

POLAND Marvipol plans to focus on the development of apartments and is therefore considering the sale of its Prosta Tower office building in Warsaw.

Two projects in Toruń

POLAND Skanska has signed a contract with the city of Toruń to build a 1.5 km section of the Northern Intercity Road from ul. Grudządzka to Szosa Chełmińska.

Karuzela to be built in Wodzisław Śląski before year end

POLAND The construction of the Karuzela shopping centre on Wodzisław Śląski is to start at the end of January.

Residential market going down