News

POLAND Murapol has postponed a public share offer planned for Q4. The reason given for delaying the flotation until the end of January 2013 is the excessively large price discount expected by institutional investors.

Warsaw office project to start next spring

POLAND Construction work on the Nowy Świat Bis office and service building on ul. Nowy Świat in Warsaw is to start at the beginning of April 2013.

Erbud wins Opole contract

POLAND Erbud is to renovate the Centrum Wystawienniczo-Handlowe exhibition and shopping centre in Opole.

Two tenants for Pestka

POLAND Takko and RTV Euro AGD are to open stores in Galeria Pestka in Poznań.

Occupancy permit for Katowice station

POLAND Katowice’s renovated railway station has acquired an occupancy permit. The retail section of the station is currently undergoing finishing work.

Investors and tenants looking for stability

POLAND/HUNGARY Limiting costs and increasing the productivity and the flexibility of operations are the most important tasks that investors and tenants are focusing on, according to the ‘Corporate Real Estate: investment and EU Cities’ report by RICS.

Best Western accelerates expansion

POLAND Four hotels that have recently been incorporated in the Best Western hotel chain have now opened.

Share issue for Secure Property Development and Investment

CEE REGION Secure Property Development and Investment Limited has announced that it has successfully placed 666,000 new ordinary shares at a price of 95 pence each with institutional investor Narrowpeak Consultants.

Construction volumes still falling

SLOVAKIA In August Slovakian construction output decreased by 13.7 pct y-o-y to EUR 465.4 mln, according to figures published by the Statistical Office of the Slovak Republic.

Massimo Dutti on Fashion Street

HUNGARY Massimo Dutti (part of the Inditex group) is to open an 800 sqm store on three floors on Budapest’s exclusive Fashion Street development, with the opening scheduled for December.

Romania tops Savills’ shopping list

EUROPE Romania, Poland, Hungary, the Czech Republic and Austria are the top five opportunistic shopping centre investment locations in Europe, according to research just published by Savills.

Centro in Auchan

POLAND The Centro footwear store chain has signed leases in two Auchan shopping centres.

Skanska wins Ząbki contract

POLAND Ząbki town council has awarded a contract with a net value of PLN 30 mln to Skanska for the construction of a 200m road and a pedestrian tunnel under a railway line.

Marvipol issues ‘I’ series shares

POLAND Marvipol is to issue up to 7.4 mln ‘I’ series shares with no right of pre-emption in a public offering.

S8 now longer in Silesia

POLAND The S8 expressway has been extended by 22 km with the opening of a section between Oleśnica and Wrocław.

More brands in Sarni Stok

POLAND The Home&You, 4F, Bytom and Takko Fashion chains have all leased stores in the extended Sarni Stok shopping centre in Bielsko Biała.

MarcPol in Galeria Zabrze

POLAND The MarcPol supermarket chain has leased a store of more than 1,500 sqm in the Galeria Zabrze shopping centre in Zabrze.

Mostostal declares war on another city

POLAND After taking legal action to amend a contract for the development of a stadium in Łódź, Mostostal Warszawa, the leader of the consortium including Acciona Infraestructuras, Wrobis and PHU IWA, has terminated its contract with the city of Wrocław for the construction of the National Music Forum.

Tax free in Turda

ROMANIA Turda Industrial & Logistics Park in Cluj County has been granted the status of an industrial park by the government, which means that companies that purchase land in the park will be free from municipal taxes for a period of five years.

Selgros builds new Constanța store