News

EUROPE AmRest Group, which owns brands such as Pizza Hut, KFC, Starbucks and LaTagliatella, recorded a net profit of PLN 24.3 mln attributable to the shareholders of the parent company in Q3 2012, representing an improvement of app. PLN 1.8 mln compared to the same period of the previous year.

Hilton Podgorica to open in 2014

MONTENEGRO The renovation of the Crna Gora Hotel in Podgorica is to be completed in 2014, when it will be renamed Hilton Podgorica Montenegro under a franchise agreement with Hilton.

Logistics firm faces liquidation

BULGARIA A private enforcement agency has put the assets of logistics company Bers up for sale with a starting price of BGN EUR 5.3 mln.

Rivijera Kristal to open in Petrovac

MONTENEGRO Construction work on the five-star Rivijera Kristal hotel has begun in Petrovac, local media reports.

Office leasing recovery to come in Q4 – JLL

POLAND In the third quarter, Polish real estate investment volume came to EUR 214 mln – 67 pct higher than in Q2 2012, according to Jones Lang LaSalle’s ‘Warsaw City Report Q3 2012’.

WDP sells Czech portfolio to CTP for EUR 25 mln

CZECH REPUBLIC Closed-end Belgian investment company Warehouses DePauw (WDP) has signed a binding agreement (subject to a number of conditions, including financing) for the sale of its 100 pct stake in Czech subsidiary WDP CZ.

Another S7 section opens

POLAND The construction of the Olsztynek–Nidzica section of the S7 expressway has been completed.

City Center Rzeszów opens

POLAND Star Europa has launched its biggest project to date with the opening of the City Center Rzeszów complex, comprising a shopping centre, a hotel and a conference centre.

Better financial results for LPP

POLAND LPP attributes its strong financial performance in Q3 to a 21 pct (67,000 sqm) increase in its retail area, an increase in sales for comparable stores and the popularity of its winter collection.

NG2 looks to expand

POLAND NG2, the owner of CCC, Quazi and Boti stores, is planning to expand, with the opening of at least 120 CCC shops in 2012.

Rank Progress takes over Mielec project

POLAND Rank Progress has purchased from Kullar Gobi the Galeria Aviator shopping centre project in Mielec for an undisclosed sum.

W Nikyo moves to Segro Warsaw park

POLAND Household appliance producer Nikyo has leased 660 sqm of warehouse and office space in Segro Business Park Warsaw (formerly Ożarów Business Center), in Duchnice, 14km west of the capital.

Bridge builder diversifies into roads

RUSSIA Bridge constructor Mostotrest is to acquire a 50 pct stake in the North-West Concession Company (NWCC) for over RUB 7.7 bln (EUR 191.5 mln) through the purchase of 100 pct of the share capital of Plexy.

Philharmonic to be built by 2014

MACEDONIA A new Philharmonic Orchestra Hall is being constructed next to the Macedonian Opera and Ballet in Skopje.

Locals lose out at the races

ESTONIA A court in Tallinn has thrown out objections from community groups that have blocked the redevelopment of the city’s Hippodroom (Hippodrome).

OPDF leases 3,600 sqm in Panattoni Park Pruszków

POLAND Pharmaceutical wholesaler Organizacja Polskich Dystrybutorów Farmaceutycznych (OPDF) has leased 3,600 sqm in Panattoni Park Pruszków, outside Warsaw.

A Specjał 10,000 sqm

POLAND Food distributor Specjał has leased app. 6,000 sqm in Panattoni Park Łódź East and a further 4,320 sqm in Prologis Park Gdańsk.

Negotiations begin for Horyniec health resort

09 November 2012

POLAND The government has granted a potential investor a three-week exclusive negotiation period in its attempts to privatise the Horyniec health resort.

Second Mercure in Warsaw

09 November 2012

POLAND Holiday Inn Warszawa on ul. Złota is to change its name to Mercure Warszawa Centrum and so the Orbis hotel chain (which owns the brand) is to gain its second Mercure hotel in Warsaw (after the Mercure Warszawa Grand) and its fourteenth Mercure in Poland.

Best Western strengthens its position in Poland

09 November 2012