News

Human resources

Papalekas steps down

schedule 19 March 2020

POLAND/ROMANIA Ioannis Papalekas, the founder of Globalworth, is stepping down from the board of directors of Globalworth with immediate effect but will remain as CEO.

Warehouse & industrial

7R invests again in Łódź

schedule 19 March 2020
Alex Hayes
journalist

POLAND 7R has purchase a 20 ha plot on ul. Brzezińska in Łódź for the development of 7R Park Łódź East I.

Warehouse & industrial

Car production halts

schedule 19 March 2020
Alex Hayes
journalist

EUROPE Volkswagen and Toyota have suspended vehicle production for two weeks.

Investment & finance

SoftBank still on board claims WeWork

schedule 19 March 2020
Alex Hayes
journalist

WORLD WeWork has rebutted claims that Softbank is considering pulling its support for the coworking space provider.

E-commerce

E-commerce set to accelerate with Coronavirus

schedule 18 March 2020
Eurobuild CEE

POLAND Cushman & Wakefield is cautious about predicting how the coronavirus pandemic will change online shopping habits but notes that many Polish companies are expecting a massive increase in their online orders.

Office & mixed-use development

We Work works from Home

schedule 18 March 2020

WORLD As of March 12th, WeWork has implemented a “work from home” policy for global employees and is reducing its staffing levels in all locations until further notice.

Investment & finance

Ghelamco issues bonds again

schedule 18 March 2020
Eurobuild CEE

POLAND Ghelamco has published a prospectus for a bond issue worth PLN 50 mln.

Office & mixed-use development

An Ocean rises

schedule 18 March 2020
Eurobuild CEE

POLAND The structure of Ocean Office Park in Kraków is rising fast and now the construction work has reached the fourth of five floors.

Technology

Keeping tabs on the tenant

schedule 18 March 2020
Eurobuild CEE

POLAND The Renteye sensory system has been launched on the market.

Infrastructure

New Moscow has new schools

schedule 18 March 2020
Eurobuild CEE

RUSSIA A total of 55 new schools and nursery schools have been built by private investors in the New Moscow district since 2012, when it was incorporated into the Russian capital.

Investment & finance

Kloepfel enters Polish hotels and PRS

schedule 18 March 2020

POLAND German-based Kloepfel Real Estate has opened a branch in Warsaw.

Retail & leisure

Cracovia changes into Designer Outlet

schedule 18 March 2020
Eurobuild CEE

POLSKA KG Group has rebranded its Cracovia outlet centre, which it is developing on ul. Nowohucka in Kraków as Designer Outlet Kraków.

Green projects

Newbridge goes green

schedule 18 March 2020
Eurobuild CEE

POLAND At the beginning of this year, Nowe Czyżyny in Kraków and Nowe Bielawy in Toruń were all awarded BREEAM In Use certificates, each with a rating of ‘Very Good’. Now the company is planning for the Nowa Górna in Łódź to also undergo certification.

Investment & finance

Patrizia sells Ujazdowskie 10

schedule 17 March 2020
Alex Hayes
journalist

POLAND Patrizia has sold the Ujazdowskie 10 office building in Warsaw to Syrena Real Estate.

Office & mixed-use development

Record profits for Develia

schedule 17 March 2020
Eurobuild CEE

POLAND Develia registered a record adjusted net profit of PLN 193.3 mln up by 16.6 pct.

Retail & leisure

Dino revenues rise

schedule 17 March 2020
Eurobuild CEE

POLAND Grocery chain Dino Polska has recorded a sales revenue of PLN 7.6 bln with an 11.6 pct increase in like for like sales.

Investment & finance

POHiD cautions against panic

schedule 17 March 2020
Eurobuild CEE

POLAND Polish Organisation of Trade and Distribution (POHiD) has issued an announcement regarding the restriction of trade in shopping malls:

Investment & finance

Klépierre braced for Covid-19

schedule 17 March 2020
Eurobuild CEE

EUROPE Shopping centre owner Klépierre has released a statement on the trading restrictions introduced in the wake of the Covid 19 pandemic:

Investment & finance

EPP in support of quarantine measures

schedule 17 March 2020
Eurobuild CEE

POLAND EPP has made an official announcement about the current Covid 19 pandemic.

Warehouse & industrial

7R continues expansion

schedule 17 March 2020
Eurobuild CEE

POLAND Over 2019, 7R developed 14 new warehouse buildings in 11 locations, increasing its total leasable area by around 45 pct with 288,000 sqm. In total the company signed 43 leases for 290,000 sqm.

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