News

POLAND During the first three quarters of 2012 Vantage Development sold 63 apartments and four service premises, generating a profit of nearly PLN 4.5 mln.

Polimex-Mostostal sells Łódź factory

POLAND Polimex-Mostostal is to sell the ZREW transformer factory in Łódź to American private equity fund Highlander Partners for PLN 46.7 mln.

Rank Progress plans to start four new projects in 2013

POLAND Rank Progress has recorded a net profit of over PLN 36 mln for Q3 2012. At the end of the period the company’s total debt was down by 2 pct y-o-y and came to 47.7 pct, while the company’s short-term liabilities dropped by 66 pct from PLN 111.8 mln to PLN 38 mln.

Bristol in prestigious circle

POLAND The Bristol Hotel on Krakowskie Przedmieście in Warsaw, which belongs to Starman Poland, is to join the Luxury Collection, one of the most prestigious hotel groups in the world.

Three new tenants for Maximus Fashion Center

POLAND The Maximus Fashion Center mall near Warsaw has signed up three new tenants including Biedronka, Gravitan Health&Sport Academy and a Lotos Optima petrol station.

Ploiești Shopping City opens

ROMANIA Carrefour and NEPI have opened the Ploiești Shopping City shopping centre in Ploiești in an investment of EUR 65 mln.

Sweet deal for O1 and Tactics

Properties has sold 50 pct plus one share of JSC Bolshevik to Russian developer Tactics Group. JSC Bolshevik owns the 5.4 ha site of the former Bolshevik confectionery factory on Leningradksy Prospekt in Moscow.

New tenant for Ambassador

POLAND CBRE Corporate Outsourcing has leased 2,200 sqm in the Ambassador office building in Warsaw.

Andersia Business Center completed

POLAND The Andersia Business Centre (ABC), a joint venture between Von der Heyden Group and the City of Poznań has been completed on schedule.

Silesia City Center goes through to ICSC final

POLAND Silesia City Center in Katowice has been nominated as a finalist in the International Council of Shopping Centers’ 2013 European Shopping Center Awards for best refurbishment and/or expansion.

Airport hotel nears completion

POLAND The Renaissance hotel, which is being built at Chopin Airport in Warsaw, has been topped out.

J.W. Construction plans next projects

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