News

CZECH REPUBLIC Orco Property Group has confirmed that Crestline Ventures Corp has transferred 12,056,281 of the company’s shareholding in OPG to Gamala Limited.

Warsaw Financial Center sale goes through

15 November 2012

POLAND The EUR 210 mln sale of the Warsaw Financial Center (WFC) to a joint venture between Allianz Real Estate (with an 87.5 pct stake) and Curzon Capital Partners III, L.P. (CCP III) has now been finalised.

Apartments in Poznań’s Grunwald

POLAND Work has begun on the Hevelia estate, which is being developed by Monday Development in partnership with Unidevelopment at the junction of ul. Palacza and ul. Heweliusza in Poznań.

More financing for Barłóg Kościelny ring road

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has secured additional financing from European Regional Development Fund of over PLN 43.79 mln for the construction of Barłóg Kościelny ring road, which is part of national road no. 61.

Patio Avenir topped out

POLAND Bouygues Immobilier Polska has topped out the first stage of the Patio Avenir residential project on ul. Szeligowska in Warsaw’s Bemowo district.

Staying in Galeria Pomorska

POLAND Reserved, Smyk, Orsay, Vision Express as well as restaurants Baalbek and Rong Vang have renewed their leases in Galeria Pomorska for between 5 and 10 years.

Two tenants in Galeria Solna

POLAND Two new brands: Empik and Smyk have leased stores in Galeria Solna, which is being built in Inowrocław.

Solid results from Mirland

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.

AmRest expands in CEE

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