News

POLAND According to preliminary data compiled by the Central Statistical Office (GUS), more than 119,170 apartments were finished in the period from January to October 2012, i.e. 18 pct more than in the same period in 2011 (when a decrease of 7.7 pct was registered) and 8.9 pct more than in 2010.

Savills sums up the retail market

POLAND In the first three quarters of the year over 263,000 sqm of retail space was added to the market in Poland, according to research by Savills.

Ukrainian economy still slow

UKRAINE No new office projects were delivered in Kyiv in the first quarter of 2012, according to a report by DTZ.

Budapest sold in Moscow

RUSSIA According to local media reports, the Budapest hotel in Moscow has been sold at auction to Novostroy+ [Новострой+] for RUB 1.036 bln (app. EUR 25.1 mln), through purchasing 100 pct of the share capital of the company owning the property.

Echo accelerates on A4

POLAND Echo Investment has started the construction of the first stage of the A4 Business Park on ul. Francuska in Katowice.

Incinerator to be built in Konin

POLAND A consortium made up of Integral, Erbud and Introl has signed a contract to design and build an incinerator for communal waste in Konin.

Ski Team comes to TriCity

POLAND Ski Team has leased a 500 sqm sports store in the Matarnia retail park located next to the TriCity ring Road.

BREEAM In-Use for Osowa

POLAND The Osowa shopping centre in Gdańsk has received a BREEAM In-Use certificate at the ‘Very Good’ level.

Two lease extensions for GTC

POLAND Hewlett Packard has extended its 6,600 sqm lease with Globe Trade Centre in the Globis building in Wrocław.

Best Western in 19th century building

POLAND The three-star Browar Mariacki hotel in Katowice is to join the Best Western chain in 2014.

VGP goes for growth

CZECH REPUBLIC In the third quarter, Czech warehouse developer VGP signed new annualised committed leases worth more than EUR 1.5 mln, of which EUR 1.2 mln related to new leasable space and EUR 0.3 mln to renewals of existing leases.

Hochtief takes over from Menolly in Powiśle

POLAND Hochtief Development Poland has finalised the purchase of land from the former Powiśle electricity plant in Warsaw from Irish developer Menolly.

Two buildings for Interbud-Lublin in Osiedle Felin estate

POLAND Interbud-Lublin has been commissioned by Limbex to construct buildings ‘4’ and ‘5’ of the Osiedle Felin estate on ul. Droga Męczenników Majdanka in Lublin.

Interbud-West to build Klaus Borne door factory

POLAND Interbud-West, a subsidiary of Energoinstal, has signed a contract with Klaus Borne Fabryka Drzwi to design and construct of a factory with rest, refreshment and office areas in Gorzów Wielkopolski.

More money for solar panels

POLAND Due to the large number of applicants, the National Fund for Environmental Protection and Water Management has decided to increase state funding for solar panels by PLN 150 mln.

Polimex-Mostostal sells the family silver

POLAND In Q1 2013 Polimex-Mostostal is to receive PLN 219 mln from the sale of the company’s assets.

Cinema City releases Q3 results

CEE REGION In the Q3 2012, Cinema City generated revenues of EUR 74.9 mln (an increase of 8.0 pct y-o-y). EBITDA and net income increased by 33 pct and 10 pct, respectively.

Echo Investment releases Q3 results

POLAND Echo Investment has released its results for Q3 2012. Operating revenue increased by 45 pct compared to 2011 and came to PLN 159 mln.

Skanska makes first Romanian Investment

ROMANIA Skanska has made its debut on the Romanian market with the purchase of a 15,000 sqm plot on Strada Gara Herăstrău in Bucharest.

More than 5,000 sqm leased in Business Park Rudná