News

POLAND Boxer Dariusz ‘Tiger’ Michalczewski has launched his third fitness club – Tiger Gym in an investment of PLN 2.5 mln.

Marvipol satisfied with Q3

POLAND In the July to September period of 2012 Marvipol sold 116 apartments and commercial premises net while in the same period of 2011 the company found buyers for 140 apartments.

POLAND A consortium of Mostostal Zabrze-Holding and Katowickie Przedsiębiorstwo Budowlane Budus, the general contractor for a football stadium and a sports hall in Łódź, wishes to change the terms of its contract and has filed a lawsuit against the city of Łódź.

Gliwice sells hotel

POLAND The town of Gliwice has announced it is to sell the Hotel Leśny conference and leisure centre including an adjacent plot on ul. Toszecka.

Robyg posts Q3 results

POLAND The Robyg group sold 264 apartments net in Warsaw and Gdańsk in Q3 2012. This represents a rise on the 249 contracts it signed in Q3 2011.

Busy weeks at Brochocki law office

POLAND Over the last few weeks the Brochocki law office has acted as an agent in the lease and sale of over 8,000 sqm in Warsaw and app. 2,000 sqm in Wrocław.

More retail from IVG

POLAND IVG Immobilien has announced that it will buy more buildings for its internal IVG Warsaw fund by the end of the year.

Wilanów town hall to be finished

POLAND Ewa Kuryłowicz from the Kuryłowicz & Associates architectural studio has presented the design of the Wilanów town hall to the city of Warsaw.

Foreigners may buy land

UKRAINE The government has amended the law to allow foreign investors to buy non-agricultural land for business purposes.

Mall development stalls

RUSSIA No new high quality shopping centres were opened in Moscow in Q3 2012 for the second consecutive quarter, according to figures from Jones Lang LaSalle.

Nusco plans second office

ROMANIA The Nusco group intends to build a 12,000 sqm office building in Bucharest in an investment of EUR 17 mln.

X5 issue bonds worth RUB 5 bln

RUSSIA The X5 Finance, a wholly owned subsidiary of the X5 Retail Group, has completed a bond issue worth RUB 5 bln (EUR 124 mln) on the MICEX market in Moscow.

Negotiations continue for Wysowa Spa

POLAND A consortium of Promet, Promet Cargo and Tur-Trans-Gapsa has been granted permission from the Treasury to continue exclusive negotiations until October 23rd 2012 for the purchase of Wysowa Spa in Wysowa-Zdroj.

SRB sues GDDKiA

POLAND The Irish SRB consortium is suing the General Directorate of National Roads and Motorways (GDDKiA) for PLN 50 mln for work carried out on the construction of the A1 motorway.

Budus files for bankruptcy

POLAND Katowickie Przedsiębiorstwo Budownictwa Przemysłowego Budus has filed for bankruptcy open to arrangements.

Zambrów ring road open

POLAND The 11 km ring road around Zambrów in the Podlasie region is now open.

Schumacher leases from Prologis

POLAND Schumacher Packaging, a manufacturer of cardboard packaging, has leased 7,600 sqm of warehouse and office space in Prologis Park Wrocław III.

Portico buys Racibórz shopping centre

POLAND Portico Investments has bought a shopping centre in Racibórz. The developer of the 4,000 sqm centre, which opened in August 2012,was ZRB Kampka.

Ambassador has first tenant

POLAND Gras Savoye Polska is the first tenant of the Ambassador office building with a lease of 3,200 sqm.

Karawela to change