News

POLAND In 2012 the General Directorate of National Roads and Motorways (GDDKiA) opened 656.72 km of roads, including 294.01 km of motorways and 329.72 km of expressways.

Immofinanz adds Nimbus to Warsaw

POLAND Immofinanz Group has started work on its first office project in Warsaw. The Nimbus office building, which will have a leasable area of 19,000 sqm, is to be built on Al. Jerozolimskie in the city’s western Ochota district.

EC Harris becomes part of Arcadis

EUROPE The European offices of consultancy EC Harris are to be taken over by international consulting and engineering firm Arcadis from January 2013.

Galaxy in Smolensk

RUSSIA The X5 Retail Group has opened a Carousel [Карусель] hypermarket in the Galaxy [Галактика] shopping centre in Smolensk.

Russia takes over from Poland as CEE investment volumes slip

EUROPE Commercial real estate investment in Europe totalled EUR 28.3 bln in Q3 2012 – a 14 pct increase on the level recorded in Q2 2012 and almost exactly the same as in Q3 2011, according to CBRE.

Morgan Stanley poised to buy Metropolis “for USD 1.9 bln”

17 December 2012

RUSSIA Morgan Stanley is concluding exclusive negotiations to buy the Metropolis shopping centre in Moscow for a price rumoured to be around USD 1.9 bln, according to media sources.

HopStop retail parks enter the market

POLAND Katharsis Development is planning to build a chain of convenience retail parks under the HopStop brand. Its first centres will be built in Warsaw, Radom, Siedlce and Zamość.

Senator now 80 pct leased

POLAND Discovery Networks CEEMEA has leased over 1,800 sqm from Ghelamco Poland in the Senator office building in Warsaw and is to move into its new offices in March 2013.

Cinema3D in Galeria Leszno

POLAND Cinema3D is to open a four-screen multiplex in Galeria Leszno, its fourth cinema after Galeria Twierdza in Kłodzko, Galeria Tęcza in Kalisz and Galeria Świdnicka.

Redan requests debt reschedule

POLAND Grupa Redan has presented its creditors with a proposal to reschedule its debt repayments. Redan has asked the banks and bond holders to suspend the repayment of the principal until the end of February 2013, which was originally to be repaid before this date.

Skobud to build MPTI second stage

POLAND Przedsiębiorstwo Budownictwa Ogólnego Skobud has signed a PLN 41.2 mln contract with Kraków Technology Park to build the second stage of the Małopolska Information Technology Park (MPTI).

PGR Farmland redeveloped

POLAND A consortium of Pol-Dróg Warszawa and Pol-Dróg Dolny Śląsk has signed a contract with the Myszków administrative district to redevelop 42 ha of land that formerly belonged to PGR state farms.

Hebe in Galeria Zabrze

POLAND A Hebe drugstore is to open in the Galeria Zabrze shopping centre, which is currently being developed by NRC in Zabrze.

GDDKiA not slowing down

POLAND Podlaskie provincial authorities have issued a building permit for a ring road around Augustów.

Little change on the office market

ROMANIA In 2012 total office supply is predicted to reach app. 92,000 sqm, a similar level to that recorded in 2011, according to figures from DTZ Echinox.

Second office building for Corvin Promenade

HUNGARY Futureal is to build a second office building of 6,200 sqm at Corvin Promenade in Budapest in an investment of EUR 16 mln.

Genesys begins in Danhouse

POLAND Genesys has leased 340 sqm of office space in Danhouse in Bydgoszcz. CBRE, which advised the tenant in the negotiation process, is also responsible for fit-out project management provided to Genesys.

Investa leases half as much again in Stryków

POLAND Steel and aluminium provider Investa has leased an additional 5,000 sqm in Tulipan Park Stryków, outside Łódź.

Futureal joins Gant for three further projects

POLAND Gant Development and Hungarian-based developer Futureal have begun negotiations to jointly develop a further three projects as part of their partnership agreement signed on December 5th.

First tenant for Warsaw Spire