News

POLAND In accordance with the debt restructuring agreement agreed with its creditors, Redan has issued 57,422 three-month D-series bonds with a value of just over PLN 5.74 mln to bondholders in exchange for their A-series bonds worth over PLN 5.5 mln.

Outer space contract for Skanska

POLAND The Institute of Aviation has commissioned Skanska to construct the Centre of Innovative Aviation and Outer Space Technologies (Centrum Innowacyjnych Technologii Lotniczych i Kosmicznych) in a contract worth PLN 35 mln net.

PBF Inwestor wants more

POLAND Biuro Prawno-Finansowe Inwestor, the owner of four shopping centres (Galeria Kociewska in Tczew, Galeria Kamienna in Starachowice, Centrum Handlowe Rywal in Biała Podlaska and Centrum Handlowe in Skarżysko Kamienna), is planning to build two more shopping centres.

Euromark faces liquidation

POLAND A court of Warsaw has granted the petition of Bank Millennium for the bankruptcy and liquidation of Euromark Polska and has appointed administrators.

S19 to be finished by Eurovia Polska

POLAND Eurovia Polska is to complete a 4.4 km section of the Rzeszów ring road, which forms part of the S19 expressway from Rzeszów West to Śliwcza.

Wikana apartment sales hold steady

POLAND Wikana sold 326 apartments in 2012, similar to the number it sold in 2011 (335 units).

Rank Progress builds shopping centre in Wejherowo

POLAND Rank Progress together with a partner has won a public tender to buy a 22,500 sqm plot of land in the centre bordered by ul. Sienkiewicza, ul. Wałowa, ul. Srebrny Potok, and ul. Św. Jana for PLN 7 mln net.

SOFAZ buys Gallery Actor

RUSSIA The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has purchased the Gallery Actor mixed-use office and retail complex at 16 Tverskaya ulitsa in Moscow for USD 133 mln.

Investment volumes at EUR 7.4 bln for 2012

CEE REGION Investment volumes for the CEE region in 2012 reached EUR 7.4 bln, according to figures from CBRE, representing a 35 pct decrease y-o-y.

JLL negotiates two leases

CZECH REPUBBLIC Food wholesaler Foodish has enlarged and extended its lease within Business Park Rudná to 1,850 sqm, the company intends to open a new pasta production line.

Immofinanz sells Prague office building

CZECH REPUBLIC Immofinanz Group has sold the BB Centrum Building ‘C’ in Prague to the VIG fund for an undisclosed price.

LPP sees revenue rise

POLAND LPP, the owner of clothing brands Reserved, House, Mohito and Cropp Town has recorded sales revenue for 2012 of PLN 3.2 bln, a 29 pct increase on 2011.

Budimex to finish A4 section

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has chosen Budimex to build a 4-km section of the A4 motorway between the Rzeszów Zachód interchange and the Rzeszów Centralny interchange.

Exceptional hotel in Warsaw

POLAND The opening of Sound Garden Hotel – the first self-service hotel in Warsaw – is planned for April.

Minicentre to be built in Oleśnica

POLAND Rank Progress has signed a preliminary agreement to purchase land from a local developer in Oleśnica where the first of 81 planned mini shopping centres is to be built.

Construction chemical market falls

POLAND According to research by PMR, following slight rises in 2011 and 2012, demand for construction chemicals in Poland will decrease by app. 6 pct in 2013.

Two health centres in local council hands

POLAND The health centres in Świnoujście and Kołobrzeg have been taken over by local government authorities using a new government regulation allowing for the transfer of ownership of those centres excluded from the recent privatisation process.

Work ready to begin on Belgrade Marriott

SERBIA PFP Properties is to begin construction work in Belgrade on the country’s first Courtyard by Marriott hotel this month.

Another mall declared insolvent

ROMANIA The Grand Arena Mall in Bucharest has been declared insolvent after three construction companies (Arcon Constructions, Climatehnic and CZ & C) petitioned the courts for repayment of debts, according to local media.

ArjoHuntleigh stays in Tulipan