News

POLAND P.A. Nova has posted revenues of app. PLN 108 mln, a net profit of PLN 10.3 mln and an operating profit of PLN 10.8 mln for the first three quarters of the year.

POLAND Echo Investment has opened its latest retail project Outlet Park Szczecin. The centre on ul. Struga in the city has a total area of 30,200 sqm, including a leasable area of 24,000 sqm with 130 stores and service centres.

Smyk in Bielany

POLAND A Smyk Megastore is to open in the Bielany retail park in Wrocław, which is owned by Inter IKEA Centre Group.

C&W appointed Agora PM

POLAND Cushman & Wakefield has been appointed property manager of the Agora Bytom shopping centre in Upper Silesia.

Cora opens in Bacău

ROMANIA Cora has today (November 8th) opened a shopping centre in Bacău with a 7,600 sqm Cora hypermarket and a 6,100 sqm shopping gallery for 37 stores, according to local media reports.

Prologis predicts strong growth in Warehouse market

EUROPE European industrial real estate values declined 21.9 pct from the pre-crisis peak in 2007, and have subsequently only recovered by 1.3 pct on average, according to a report by Prologis.

Europa Centralna to open in March

POLAND The Europa Centralna shopping centre in Gliwice is to open in the first week of March next year.

Tagor plans Bucharest estate

ROMANIA Tagor is planning to build 12 apartment blocks near Şoseaua Alexandriei in the southwest of Bucharest.

China to finance motorways?

SERBIA The Serbian government is applying for a USD 1.8 bln loan from China’s Exim Bank to support a number of projects including three motorways (Belgrade to Ljig, Pojate to Preljina and Novi Sad to Ruma, Šabac and Loznica) as well as an upgrade to the Kostulac power plant.

Work begins on Moscow megamall

RUSSIA Amma Development has started the construction phase for the Avia Park shopping centre in Khodynskoe Pole in Moscow.

Poznań ring road tender announced

POLAND A tender has been announced for the construction of a 5.3 km section of Poznań’s western ring road along national road S11 (between the Rokietnica and Tarnowo Podgórne interchanges).

Gant Development in the red

POLAND Gant Development has reported revenue of PLN 311.3 mln for the first nine months of the year, compared to PLN 198.9 mln for the same period of 2011.

Smyk joins IKEA in Lublin

POLAND A two-storey Smyk Megastore with an area of 2,600 sqm is to be opened in a Lublin shopping centre to be developed by Inter IKEA Centre Group Poland.

High streets grow stronger

POLAND Poland’s high streets will develop rapidly in 2013, with more specialist retail formats appearing as developers return to the larger cities, according to a report by CBRE.

Two Inditex stores in Gemini Park Bielsko-Biała

POLAND Bershka and Stradivarius, two Grupa Inditex brands, are to open stores in the new extension to the Gemini Park Bielsko-Biała shopping centre.

HG Media takes up Lisznyai Office Building

HUNGARY HG Media Group has leased the entire Lisznyai Office Building on Lisznyai ut. in Budapest for its headquarters.

Alba Ukraine moves to Terminal Brovary

UKRAINE Pharmaceutical distributor Alba Ukraine has signed a three-year lease of app. 2,555 sqm in Terminal Brovary in Kyiv with the owner of the park, Secure Property Development & Investment (formerly Aisi Realty).

BBC 1+ completed

SLOVAKIA Construction work on the Bratislava Business Center 1 Plus office building in Bratislava, which started in 2011, has now been completed.

Columbus sails into Moscow

RUSSIA Developer MIRS is developing the Columbus shopping centre, which is to open on Varshavskoye Shosse in Moscow in November 2014.

Auchan leases more for longer in Üllõ