News

POLAND Immo Invest is to develop two multi-family buildings offering 110 apartments on ul. Wschodnia in Luboń.

Katowice estate from Murapol

POLAND Murapol is to start the construction phase for a residential project on ul. Bażantów in Katowice in the fourth quarter of the year.

Housing cooperatives act amended

POLAND Polish president Bronisław Komorowski has signed an amendment to the law governing housing cooperatives, which brings it into line with a ruling made by the Constitutional Court.

Sport in Alchemia

POLAND A 5,000 sqm sports and recreation centre is to be opened in the newly-built Alchemia multi-functional complex in Gdańsk.

Kempinski Hotel to open in Vilnius

LITHUANIA Kempinski Hotel Cathedral Square is to open in September in Vilnius.

Three offers in Port tender

BULGARIA Three consortiums have entered the tender to build a new passenger terminal in the Port of Burgas.

Second quarter investment volumes at record low

CE REGION Total real estate investment activity in Central European markets fell by 60 pct q-o-q to EUR 327 mln in the second quarter, down from EUR 834 mln in Q1, according to research by DTZ.

Four leases in MOM

HUNGARY Four companies have leased space in MOM Park Office Towers in Budapest, with the total area of all the new leases amounting to 1,650 sqm.

Plaza Ruda Śląska “subsiding”

POLAND The management of the Plaza shopping centre in Ruda Śląska is demanding that a local coal mine should repair a number of structural problems that have arisen in the mall.

HUNGARY Budapest now offers around 240,000 sqm of environmentally friendly office space, representing 7.5 pct of total modern office stock, according to Colliers international. By 2014, this figure is expected to rise to 10 pct.

Still fewer building permits

ROMANIA In July 2012, 3,856 building permits for residential buildings were issued, representing a decrease of 1.8 pct on the previous month and a 0.7 pct decrease on the same period of the previous year.

Cocor sells store for almost EUR 4 mln

ROMANIA Cocor Bucuresti, the owner of the Cocor shopping centre in Bucharest, has announced that it has sold 196 sqm of retail space on Unirea Blvd for almost EUR 4 mln, representing a price of over EUR 20,000 per sqm.

Vilnius on the Adriatic

LITHUANIA The Mayor of Vilnius, Artūras Zuokas, is to attempt to buy a Greek island for the city for the development of Lithuanian spas and hotels, according to local media reports.

Construction firm to be privatised

BULGARIA The Privatisation and Post-Privatisation Control Agency is to attempt to privatise 100 pct of the Montagi (Монтажи) construction company for the third time.

P3 begins work on Möbelix extension

SLOVAKIA PointPark Properties (P3) has started construction on a new 12,000 sqm extension in PointPark Bratislava for furniture retailer Möbelix.

AIG/Lincoln plans Gdańsk retail project

POLAND AIG/Lincoln Polska is planning a new retail development in Gdańsk. The centre is to be built on ul. Jabłoniowa next to the TriCity ring road in the city’s Szadółki district.

Retail Provider finds partner for Olsztyn project

POLAND Retail Provider and Immofinanz are to work together on a project to develop a shopping centre combined with a bus and railway station in Olsztyn.

Dolcan closes H1 with higher revenue

POLAND Grupa Dolcan closed H1 2012 with revenue of PLN 91.5 mln, double the figure from the same period in 2011.

Dom Development maintains stability

POLAND Dom Development generated sales revenue of PLN 308 mln in H1 2012, 85.4 pct more than in the same period of 2011.

ED invest sums up H1