News

RUSSIA Residential and commercial developer Mirland has posted its results for the first nine months of the year.

Aldesa leases Neptun office

POLAND Real estate developer Aldesa Polska has leased 400 sqm of office space in the Neptun building at Empark Mokotów Business Park in Warsaw.

PBS moves into Żerań

POLAND IT company PBS Connect Polska has leased 2,000 sqm of warehouse space and 400 sqm of offices in Żerań Park 1 near Warsaw.

Delta Planet to rise in Belgrade

SERBIA The 75,000 sqm Delta Planet shopping centre is to be developed by Delta Real Estate in Belgrade with completion scheduled for the autumn of 2014.

Cubus in Serenada

POLAND More tenants have leased space in the Serenada shopping centre in Kraków. Cubus is to occupy a 750 sqm store.

Work begins on Apartamenty Syrena

POLAND The construction of the Apartamenty Syrena estate has started on al. Rzeczypospolitej in Warsaw’s Wilanów district.

Solar profits down

POLAND The Solar retail chain has registered a decrease in its net profit attributable to the shareholders of the parent company amounting to PLN 15.6 mln for the first three quarters of the year.

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