News

POLAND The cornerstone ceremony has taken place for Skanska’s Green Day office building in Wroclaw.

Bankers like offices

EUROPE Offices are the most attractive asset class for European banks interested in property financing, according to a study by EC Harris.

More warehousing coming to market

RUSSIA In Q3 in the Moscow region, a total of 299,559 sqm of warehouse space was completed, 2.5 times more than in the same period of the previous year (111,910 sqm), according to figures from Jones Lang LaSalle.

Adama builds more Bucharest apartments

ROMANIA Immofinanz Group subsidiary Adama is to begin work on the second stages of two residential projects: Edenia Titan and Evocasa Optima.

ERBD mulls funding Zemun retail park

SERBIA The European Bank for Reconstruction and Development is considering financing the development and construction of the first phase of a retail park in Zemun, Belgrade, with a net leasable area of 15,309 sqm.

Chinese consider building motorway through Bucharest

ROMANIA China's Shanghai Urban Construction Group is considering building an elevated urban motorway in Bucharest – a project, which if built, could cost EUR 1.5 bln, according to local media.

Panattoni begins 10,800 sqm project in Żary

POLAND Panattoni Europe has started work on a 10,800 sqm warehouse in the Lotnisko industrial zone in Żary with the project to be completed in March 2013.

DHL leases 10,800 sqm more from Prologis

POLAND DHL, part of the Deutsche Post DHL mail and logistics group, has leased 10,800 sqm at Prologis Park Dąbrowa.

Recycling comes to Warsaw

POLAND A Stena Ekostacja recycling station has been opened on ul. Chełmżyńska in Warsaw. Swedish company Stena Recycling is the investor.

Multishop Sochaczew starts second stage

POLAND McKinlay Development, the developer of the Multishop retail park chain, has acquired the final building permit for the construction of the second and third stages of Multishop Sochaczew.

Regulatory approval for WFC sale

POLAND The Office of Competition and Consumer Protection (UOKiK) has approved the sale by CA Immo and Pramerica Real Estate Investors of the Warsaw Financial Center on ul. Emilii Plater in central Warsaw to a consortium made up of Allianz (with an 87.5 pct stake) and Curzon Capital Partners III (a fund managed by Tristan Capital Partners).

Polish furniture in Budapest

HUNGARY The Polish Black Red White chain of furniture stores is to open its first interior design outlet in Budapest.

Saturn in Lublin

POLAND Media Saturn Holding Polska has signed a contract with Atrium Felicity, an SPV company established by Atrium European Real Estate, to open an app. 3,500 sqm store in the Atrium Felicity shopping centre.

Inpro posts Q3 results

POLAND In Q3 Inpro Capital Group signed 122 preliminary sales contracts for apartments, 17 pct more than in the same period of 2011.

Bankruptcy too close for Confort

ROMANIA Construction company Confort, which is part of the Izometal Confort group, has filed for bankruptcy.

B23T to design Korona

ROMANIA B23T is to draw up the design for the Korona shopping centre in Braşov. The completion of the design work is planned for Q2 2013.

Polish pride for Neinver

POLAND Neinver has revealed that sales in its Polish outlet centres increased by 27 pct y-o-y in H1, the highest growth in any country it operates in.

GTC becomes sole owner of Galeria Wilanów

POLAND Globe Trade Centre (GTC) has purchased the remaining 50 pct stake in the Galeria Wilanów shopping centre project in Warsaw from Polnord.

Atrium 1 cornerstone laid

POLAND The cornerstone ceremony has today taken place for Skanska’s Atrium 1 office building on al. Jana Pawła II in central Warsaw.

ECE to build Bydgoszcz mall