News

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

12 November 2012

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

A Specjał 10,000 sqm

12 November 2012

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

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

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

POLAND The three-star Łysogóry Hotel in Kielce has joined the Best Western chain. Best Western now has 16 hotels in Poland and is the second largest international chain in the country after the Orbis/Accor group.

Strategy change for Redan

POLAND The Redan clothing group is to introduce a new strategy over the following months due to its poor Q3 results and a slowdown in consumer demand.

Deka Immobilien to buy IBC

POLAND Deka Immobilien Investment is to buy the International Business Center (IBC) at the junction of ul. Armii Ludowej and ul. Polna in Warsaw.

Reserved and House enter Kraków Serenada

POLAND Reserved is to open a 1,500 sqm store while House is to occupy 500 sqm in the Serenada shopping centre in Kraków.

Black September for builders

CZECH REPUBLIC In September Czech construction output decreased by 10.6 pct y-o-y and by 1.5 pct over the month – according to the Czech Statistical Office (CZSO).

Six LPP brands in Radunia

POLAND Leases have been signed for six brands owned by the LPP group for space in Forum Radunia in Gdańsk totalling 4,200 sqm.

Too little warehouse space in Moscow

RUSSIA The volume of new deliveries on the Moscow warehouse market in Q3 2012 amounted to 198,000 sqm, according to CBRE – around 100,000 sqm more than in the second quarter of the year.

Two leases for GTC

POLAND Globe Trade Centre (GTC) has signed two lease agreements for office space in University Business Park in Łódź.

Family Point nears completion

POLAND The Family Point retail park, which is being constructed on ul. Księcia Poniatowskiego in Ruszowice near Głogów in Lower Silesia, is now 75 pct leased.

Ronson counts on better results in Q4

POLAND Ronson Europe has published its financial results for the first three quarters of 2012. Revenue increased to PLN 72.9 mln, up by 19 pct on the PLN 61.3 mln of the same period in the previous year.

P.A. Nova in the black

POLAND P.A. Nova has posted revenues of app. PLN 108 mln, a net profit of PLN 10.3 mln and an operating profit of PLN 10.8 mln for the first three quarters of the year.

Outlet Park Szczecin opens

POLAND Echo Investment has opened its latest retail project Outlet Park Szczecin. The centre on ul. Struga in the city has a total area of 30,200 sqm, including a leasable area of 24,000 sqm with 130 stores and service centres.

Smyk in Bielany

POLAND A Smyk Megastore is to open in the Bielany retail park in Wrocław, which is owned by Inter IKEA Centre Group.

C&W appointed Agora PM

POLAND Cushman & Wakefield has been appointed property manager of the Agora Bytom shopping centre in Upper Silesia.

Cora opens in Bacău