News

POLAND J.W. Construction generated revenues of PLN 211.4 mln in the first three quarters of the year, as well as an operating profit of PLN 41.5 mln and a net profit of PLN 2.5 mln.

Profits up for Inpro

POLAND TriCity-based developer Inpro generated app. PLN 66 mln in consolidated revenue from January until the end of September, representing a 22 pct y-o-y rise.

Erbud posts Q3 results

POLAND In Q3 Grupa Erbud experienced a 15 pct y-o-y decline in revenue to PLN 262.4 mln.

Robyg sees massive growth

POLAND Developer Robyg has recorded a revenue of app. PLN 319 mln for the first three quarters of 2012, a 263 pct rise on the same period of 2011.

Nursery school at Rondo 1

POLAND A Pomarańczowa Ciuchcia nursery school is to open in the Rondo 1 office complex in January.

Times II to be built in Wrocław

POLAND UBM Times, an SPV company of UBM Polska, is to develop the Times II office centre in Wrocław.

Stable profits for GTC

CEE REGION Globe Trade Centre has announced that in Q3 its rental revenues increased 3 pct over the quarter to EUR 34 mln, while gross profit remained stable at EUR 24 mln.

Rosso Riva under construction

RUSSIA The Rosso Riva business centre is now being built in Moscow. The building on Shluzovaya Embankment is to offer 12,000 sqm of office space with 2,000 sqm of retail space on the ground floor.

Laying down wine in Budapest

HUNGARY Wine producer Törley Pezsgőpincészet has signed a long term lease with Immofinanz Group for space in the DH Logistik storage building in Dunaharaszti in the south of Budapest.

Outlet centre announced for Lublin

POLAND City Outlet Lublin is to be developed on the city’s main communication artery, according to the project’s exclusive leasing agent, CBRE.

Gamala takes more than a fifth of Orco

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

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