News

Opr./edited by AKL

POLAND Erbud has been awarded a PLN 37.2 mln net contract with Kalisz-based Colian Developer for the construction of a residential project at ul. Garbary 5 in Bydgoszcz.

Cemat’70 joins fight against the virus

POLAND Cemat'70, which provides office and warehouse space on ul. Wólczyńska in Warsaw’s Bielany district, is to contribute towards the purchase of protective masks and clothing for hospitals, medical services and non-governmental organisations.

Retail & leisure

Better February for small shops

POLAND The Polish Chamber of Commerce [PIH] has announced that this year’s turnover for small-format stores increased by 11.2 pct in February y-o-y and the total number of transactions went up by 3 pct.

Poland under state of epidemic

POLAND Polish Prime Minister Mateusz Morawiecki has announced the introduction of a ‘state of epidemic’ due to the spread of Covid-19.

Echo sees PLN 300 mln profit

POLAND Development company Echo Investment has recorded a net profit PLN 300 mln for the full-year of 2019.

GLL buys another 7R warehouse

POLAND A joint venture of 7R and Hillwood has sold a warehouse building in 7R Park Kraków to GLL Real Estate Partners for an undisclosed price.

Futureal promises money to the coronavirus cause

Office & mixed-use development

HUNGARY Futureal and Cordia have decided to donate HUF 250 mln (over EUR 700,000) for the fight against the coronavirus epidemic.

C&F takes more of Tulipan House

POLAND Data management company C&F has increased the office space it occupies in the Tulipan House building in Warsaw from 1,300 sqm to 2,150 sqm and has extended its lease agreement for a further five years.

Swedes buy into Capital Park

POLAND Capital Park has announced that Swedish group Europi Property has bought a 12.27 pct in the company (13,301,161 shares).

Napollo reaches out to tenants

POLAND Napollo, the owner and manager of the N Park retail park brand has reduced the rents of its tenants, whose stores have been shut since March 14th, by 10 pct. The company has also offered a two-week rent holiday in April.

Panattoni goes BREEAM

Office & mixed-use development

POLAND Panattoni Europe has announced that it will certify all of its logistics parks to be developed in 2020 under BREEAM to a ‘Very Good’ rating standard

Poznań has over 500,000 sqm of office space

POLAND Poznań’s office stock increased by nearly 18 pct to 564,800 sqm in 2019, according to Cushman & Wakefield. Over the period ten office buildings totalling 85,700 sqm were delivered to the market.

CPI takes Moniuszki tower

POLAND CPI Property Group has bought the Moniuszki 1A office building in Warsaw.

No MIPIM in Cannes this year

EUROPE MIPIM is to hold a two-day event in Paris in September. It is also unveiling its MIPIM Connect online experience, which will be open all year round.

CTP buys 57,000 sqm Bucharest Park

ROMANIA CTP has purchased Equest Logistic Park near Bucharest for around EUR 30 mln from Forum Serdika.

MLP starts second German park

EUROPE Polish Warehouse developer MLP is continuing its expansion onto the German market.

Panattoni to build 67,000 sqm in Czeladź

POLAND Panattoni Europe has started the construction of a 67000 sqm distribution centre in Czeladź north of Katowice.

H&M cancels dividend

EUROPE The board of directors of H&M has proposed to the 2020 annual general meeting that the company will not pay a dividend.

Orpea keeps growing

Rafał Ostrowski
journalist

EUROPE French nursing home and hospital operator Orpea Group recorded a 246 mln consolidated net profit in 2019, up 11.6 pct y-o-y. Its revenue increased 9.4 pct to EUR 3.74 bln. The number of beds across all its homes and care centres rose by 7,657 to 104,234 beds across 22 countries. Another 21,00 are under construction.

Property and Facility Management

Knight Frank to manage Fabryka Kart