News

POLAND The General Directorate of National Roads and Motorways (GDDKiA) is to announce new tenders for the construction of the A1 motorway in the Kuyavian-Pomeranian Province.

TUP Property homes in Środa Wielkopolska

POLAND TUP Property, a subsidiary of TUP, has been granted a legally binding site development conditions decision for a property on ul. Mała Klasztorna in Środa Wielkopolska.

Clothes and ice cream in Sukcesja

POLAND Around 640 sqm has been leased in the Sukcesja shopping centre, which is to be built in Łódź.

Galeria Mistrza Jana to be built in Węgrów

POLAND Galeria Mistrza Jana is to be built on ul. Wyszyńskiego in Węgrów. The 3,500 sqm retail centre is to accommodate 25 tenants.

Another opening for Dedeman

ROMANIA DIY chain Dedeman is to open its 30th store in the country on September 14th in an investment of EUR 10 mln.

No office space in Tőzsdepalota?

HUNGARY Tőzsdepalota Ingatlanforgalmazó és Fejlesztő, an SPV company controlled by Canadian developer Tippin Corporation, has filed for bankruptcy in order to protect itself from its creditors.

October opening for Skopje City Mall

MACEDONIA Skopje City Mall has announced that it is to open on October 4th.

Interex pulls the plug

ROMANIA French retailer Interex, which is owned by Groupement des Mousquetaires-Intermarché, is to close all its stores and exit Romania, according to local media reports.

POLAND Echo Investment, the investor behind Galeria Sudecka in Jelenia Góra, has come to an agreement with the city authorities concerning the deadlines for the completion of construction work on the mall, as well as the redevelopment of the surrounding infrastructure.

J&T starts S9 Florenc

CZECH REPUBLIC J&T Real Estate has begun construction work on the S9 Florenc office project in Prague.

BCD plans mixed-use complex

CZECH REPUBLIC Developer BCD is to build a mixed-use facility in the town of Aš on the German border.

Pol-Aqua thrown out of Shakespeare Theatre

POLAND Gdańsk Shakespeare Theatre (GTS) has terminated its agreement with P.R.I. Pol-Aqua, which was to build the company’s new headquarters.

Share issue cancelled

ESTONIA Pro Kapital has cancelled its planned IPO. The company had finished the book building process but, “the shareholders and the company decided not to accept the steep discounts required by the financial markets,” the company wrote in a statement.

New Moscow design chosen

RUSSIA Capital Cities Planning Group has won the design competition for a new federal district to the southwest of Moscow, which will double the metropolitan area of the city.

PUHIT becomes Satoria

POLAND Hotel chain owner and operator PUHIT has changed its name to Satoria Group. The newly-named company has also announced that it expects to generate around PLN 100 mln in revenue this year.

EU provides PLN 24 mln for Warsaw museum

POLAND The Royal Łazienki Museum in Warsaw has obtained supplementary financing from the European Regional Development Fund.

Wikana receives financing for Lublin project

POLAND Wikana subsidiary Wikana Invest has signed a PLN 53.7 mln credit agreement with PKO BP bank.

Successful H1 for Accor

WORLD Accor, the strategic partner of Grupa Hotelowa Orbis, registered a 3.6 pct increase in its revenue for H1 2012 – up to EUR 2.7 mln in a ‘like for like’ comparison (which excludes hotels that have been opened or sold as well as significant one-off factors).

Spar to take over Tommy?

CROATIA Aspiag, the operator of the Austrian Spar chain, is rumoured to be in talks to take over local supermarket chain Tommy, according to newspaper ‘Poslovni Dnevnik’.

JLL takes the Oregon trail