News

POLAND The City of Warsaw has concluded an agreement with Mostostal Export, which could lead to the conclusion of 6 years of litigation over contractual penalties resulting from the delay to the construction of Ursynów Sports and Recreation Centre.

Ideal Idea III has its first tenant

POLAND Ventia is the first tenant of the Park Ideal Idea III complex, which is being developed on ul. Działkowa in Warsaw.

Europe still in the doldrums

EUROPE Economic activity in Europe contracted in Q3 2012, according to an RICS report. Russia experienced the strongest occupier and investment activity.

Raven expands two parks

RUSSIA Raven Russia has begun construction of further stages to its Noginsk and Klimovsk logistics parks near Moscow and is to deliver around 85,000 sqm by mid-2013 in an investment of USD 83 mln, according to media reports.

Raben renegotiates 26,000 sqm lease

POLAND Logistics operator Raben Polska has renewed its lease of 26,600 sqm of modern warehouse space with Panattoni in Poznań.

P3 cancels IPO

EUROPE PointPark Properties has cancelled its proposed IPO on the London Stock Exchange, a spokesman for the company has confirmed.

GTC sells off malls

ROMANIA Globe Trade Centre has entered into an agreement to sell three shopping centres in Buzău, Piatra Neamț and Suceava, which have been valued at between EUR 6-7 mln.

New Szczecin warehouse complex

POLAND Waimea Holdings has secured financing from BOŚ Bank for the construction of hall ‘A’ at the North-West Logistic Park in Szczecin’s Dąbie district.

Happy Mall in Kyiv

UKRAINE Liko-Holding is to build the Happy Mall shopping centre in Kyiv. The 45,000 sqm shopping centre is to be developed in the Goloseevskiy district, on ulitsa Trutenko. Its opening is planned for Q1 2014.

Strus signs franchise agreement with Orbis

POLAND The Orbis hotel group has signed a franchise agreement for a three-star hotel, which is to be built in Galeria Jurowiecka at the junction of Al. Piłsudskiego and ul. Sienkiewicza in Białystok.

Robyg takes over land in Miasteczko Wilanów

POLAND Robyg subsidiary Robyg Osiedle Królewskie has concluded a preliminary contract with Carrefour Polska, to purchase of an app. 4 ha plot on Al. Rzeczypospolitej in Warsaw for PLN 29.9 mln net.

Doctors and flowers in Batory

POLAND A Polmed medical centre has been opened in the Batory shopping centre in Gdynia. The 490 sqm clinic is on the third floor of the centre.

Adidas in Factory Outlet Kraków

POLAND Adidas has opened a 948 sqm sportswear store in Factory Outlet Kraków.

New tenants for WOP

POLAND Two tenants have signed leases in the Wilanów Office Park complex in Warsaw, which is being built by Polnor.

Revenue down for Orbis

POLAND The Orbis hotel group recorded a revenue of over PLN 186.15 mln in Q3 2012, down by 1.2 pct on the same period of 2011.

Poland sees fastest online sales growth

EUROPE Poland is to continue to see the fastest growth in online retailing in Europe having seen a 34 pct increase in the size of the sector last year, according to a report by Colliers International.

Aecom seeks out Ambassador

POLAND Global management support services company Aecom has leased 510 sqm of office space in the Ambassador building in Warsaw.

Meyer Bergman takes Galeria Katowicka holding to 70 pct

POLAND European retail investment management firm Meyer Bergman has acquired an additional stake in Galeria Katowicka in Katowice from its joint partner in the project Neinver.

CBRE posts results

WORLD CBRE has reported its results for Q3 2012. Total revenue rose 1 pct to USD 1.56 bln compared to USD 1.53 bln in Q3 2011. Net income came in at USD 83.6 million, up by 8 pct on USD 77.7 million in Q3 2011.

NAM to build five retail parks