News

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.

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

HUNGARY Auchan Magyarország has renewed its lease of 15,000 sqm and extended the area it occupies by another 20,000 sqm in Viktória Park Logistics Centre in Üllõ outside Budapest.

More financing for Triumph Park

RUSSIA SberBank has granted MirLand subsidiary Petra 8 a credit line worth USD 47.5 mln to finance 70 pct of the second stage of its Triumph Park mixed-use residential development in St Petersburg.

One Fashion Outlet on its way

SLOVAKIA The foundation stone ceremony has taken place for the One Fashion Outlet centre in Voderady outside Trnava.

Intermarché in Nowy Rynek

06 November 2012

POLAND A 2,200 sqm Intermarché supermarket is to be opened on the ground floor of the Nowy Rynek shopping centre, which is being developed by TK Development in Jelenia Góra.

Redan sees sales rise

06 November 2012

POLAND Grupa Redan has reported a consolidated sales revenue of PLN 302.9 mln for the first nine months of the year, representing a 16 pct rise on the same period of the previous year.

Negotiations begin for Uzdrowisko Rabka

06 November 2012