News

ROMANIA Bucharest city council has passed a feasibility study for a new 13 km express road that is to cross Bucharest from East to West.

Árkád 2 topped off

HUNGARY The Árkád Örs vezér tere 2 shopping centre in Budapest has been topped off.

Ablon looks to cut costs after poor results

CEE REGION Ablon Group suffered a 19.6 pct fall in the value of its property portfolio in the first half, from EUR 484 mln at the end of last year to EUR 389 mln at the end of June.

Two tenants for Market Central Ferihegy

HUNGARY H&M has leased 1,848 sqm and Jysk have leased 1,150 sqm in the Market Central Ferihegy retail park, which is owned by AIG/Lincoln.

Record new housing supply in Warsaw

POLAND The second quarter of 2012 was one of increased development activity on the Warsaw primary residential market, according to market research company Emmerson.

Billionaire “buys Bořislavka”

CZECH REPUBLIC KKCG Group, owned by oil tycoon Karel Komárek, has bought the Bořislavka mixed-use project in Vokovice in Prague 6.

Moscow Metropol sold

RUSSIA The Metropol hotel in Moscow has been sold at auction for over RUB 8.8 bln (app. EUR 218 mln).

Another Hilton to be built in Warsaw

POLAND S+B Gruppe is to start the construction of a Hilton by Hampton hotel on ul. Wspólna in Warsaw.

Murapol bond issue

POLAND Murapol has floated unsecured series ‘F’ bonds worth a total of PLN 10 mln. This is the first flotation in a series of three, through which the company hopes to raise a total of PLN 45 mln.

Unpaid subcontractors flock to GDDKiA

POLAND As many as two hundred subcontractors have applied to the General Directorate of National Roads and Motorways (GDDKiA) for payment of arrears arising from completed work and deliveries to construction sites owed to them by general contractors.

Świnoujście seaport to expand

POLAND A consortium made up of Budimex and Ferrovial Agroman is to extend the harbour in Świnoujście, having won a tender announced by the Szczecin and Świnoujscie Seaports Authority.

Oświęcim Castorama opens

POLAND Castorama Polska has opened its 64th store on ul. Zatorska in Oświęcim.

Grupa Orbis sums up H1

POLAND The Orbis hotel group registered a revenue of PLN 355.4 mln in H1 2012, a 10.1 pct improvement on the PLN 322.7 mln it recorded in same period of 2011.

Work begins on next stage of Klasyków estate

POLAND Dom Development has started the construction phase on the second stage of its Klasyków estate in Warsaw’s Białołęka district.

Business incubator to be built in Győr

MACEDONIA The Kempinsky Hotel Group is considering investing in two five-star hotels.

EBRD finances roads

MONTENEGRO The European Bank of Reconstruction and Development is considering lending the government of Montenegro EUR 20 mln to upgrade local roads in the northern part of the country.

Warimpex still in profit

EUROPE Warimpex has seen its cash flow from operating activities grow in the first half from EUR 2.2 mln in H1 2011 to EUR 5.5 mln.

Reinhold still struggling

POLAND Reinhold Polska has released its results for H1 2012. Net sales for the period came to over EUR 536,000, after EUR 508,000 in H1 2011, and an operating loss was incurred of over EUR 209,000, compared to a loss of EUR 350,000 in H1 2011.

Two leases 1,200 sqm in Harfa Office Park

CZECH REPUBLIC Two companies have leased a combined 1,200 sqm in the Harfa Office Park in Prague.

GreenBuilding for Oxygen

29 August 2012