News

POLAND The National Fund of Environmental Protection and Water Management is to launch a programme from the beginning of next year to help finance construction loans for energy-efficient houses.

New facilities for MAN Truck & Bus Polska

POLAND 7R Logistic is developing two new office and service buildings for MAN Truck & Bus Polska in Radzymin and in Kraków.

Budimex wins road contract

POLAND The Podkarpacki Province Road Authority in Rzeszów has chosen Budimex in a tender to extend provincial road no. 892 between Zagórz and Komańcza.

Rank Progress introduces new retail format

POLAND Rank Progress has a new retail concept, which the company is planning to develop in towns with populations of 30,000–50,000.

Erbud suffers 15.5 pct fall in revenue

POLAND In the first half of 2012 Erbud generated revenue of PLN 580 mln from its core activities, which constitutes a 15.51 pct decrease compared to the same period last year.

Two road contracts for Granit

MACEDONIA Construction company Granit has been awarded two road construction contracts worth a total of MKD 103.1 mln (EUR 1.7 mln).

Indian group buys Ohrid hotel

MACEDONIA The Roy Subrata Group of India has bought the Slavija hotel in Ohrid.

HUNGARY The Hungarian state is suing SCD group for a HUF 2.5 bln (app. EUR 8.7 mln) indemnity resulting from its failure to develop tourist facilities on land it bought from the state around lake Balaton in 2004 and 2005.

Gühring goes to Plzeň

CZECH REPUBLIC Tool manufacturer Gühring has leased a total 3,655 sqm of industrial, office and outside space at Adelardis Park in Plzeň.

EU provides PLN 3.5 bln for roads

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has signed contracts to provide PLN 3.5 bln of supplementary financing for the construction of two sections of expressway sections: the S8 Walichnowy–Łódź and the S14 Pabianice the ring road.

ECM close to liquidation

CZECH REPUBLIC The long drawn-out affair of developer ECM’s bankruptcy is soon to come to an end.

Makrum gives away the plots

POLAND Makrum has decided to sell five plots. The land includes a 94,700 sqm plot with on ul. Sułkowskiego, ul. Kamienna and ul. Dwernickiego in Bydgoszcz, where Makrum has already been granted a building permit for a shopping centre.

Olomouc City sold to Mint Investments

CZECH REPUBLIC The Olomouc City shopping centre in Olomouc was sold today at auction for CZK 373 mln (app. EUR 15 mln) to Mint Investments.

Vistula Group plans to expand network

POLAND Vistula Group, the owner of the Wółczanka, Vistula, W. Kruk and Deni Cler chains, registered a consolidated sales revenue of PLN 187.5 mln in H1 2012, representing a 6.3 pct rise on the same period of 2011.

Gant Development reduces debts

POLAND Gant Development group generated PLN 99.3 mln of positive cash flow on its operating activity in H1 2012, mainly due to cash payments from apartment buyers.

Centrum Spotkań Kultur to be finished in 2015

POLAND A consortium of Budimex and Ferrovial Agroman has won a tender to build Centrum Spotkań Kultur in Lublin.

Ronson starts sales on Młody Grunwald

POLAND Ronson Development has started the sale of its Młody Grunwald project in Poznań. Eventually the project is to include 268 apartments, of which 136 are to be delivered in the first stage.

J.W. Construction releases H1 results

POLAND J.W. Construction Holding generated revenues of PLN 155.4 mln in H1 2012, down from PLN 218.7 mln in the same period last year.

Big H1 loss for PBG

POLAND In the first half of 2012 the sales revenue of PBG decreased by 29 pct to PLN 1.04 bln compared to H1 2011.

More time to bid for motorway