News

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

RUSSIA Bridge constructor Mostotrest is to acquire a 50 pct stake in the North-West Concession Company (NWCC) for over RUB 7.7 bln (EUR 191.5 mln) through the purchase of 100 pct of the share capital of Plexy.

Philharmonic to be built by 2014

MACEDONIA A new Philharmonic Orchestra Hall is being constructed next to the Macedonian Opera and Ballet in Skopje.

Locals lose out at the races

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

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

A Specjał 10,000 sqm

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.

Second Mercure in Warsaw

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