News

Investment & finance

Hines completes purchase of Wola Center

schedule 31 January 2020
Alex Hayes
journalist

POLAND The Hines European Value Fund has completed its purchase of the Wola Center building in Warsaw from Develia (formerly known as LC Corp).

Office & mixed-use development

HB Reavis considering more Warsaw projects

schedule 30 January 2020
Tomasz Szpyt-Grzegórski

POLAND In the next two years, Slovakian developer HB Reavis plans to bring into use more than 220,000 sqm of office space in Warsaw in two high-rise projects: Varso Place and Forest. However, the developer is now looking ahead to future projects.

Technology

Building site digitisation from Hungary

schedule 30 January 2020

POLAND In February Hungarian tech firm Bauapp is to launch a mobile app onto the Polish market designed for developers and general contractors that manages the work done on construction sites.

Retail & leisure

Polus now Vivo!

schedule 30 January 2020
Alex Hayes
journalist

SLOVAKIA Immofinanz has completed the twelve-month renovation of the Vivo! shopping centre in Bratislava.

Investment & finance

CPI takes Equator II

schedule 30 January 2020
Alex Hayes
journalist

POLAND CPI Property Group has completed the purchase of the Equator II office building.

Technology

Puccini conducted by Comarch

schedule 30 January 2020
Opr./edited by AZ

POLAND A year after introducing the Comarch ERP Altum system, leather goods retailer Puccini, a manufacturer of travel luggage, handbags, has increased its sales by 190 pct.

Retail & leisure

Discount retailers filling up Metro Retail space

schedule 30 January 2020
Opr./edited by AKL

POLAND More tenants has leased space in properties owned by Metropolitan Investment and marketed under its Metro Retail brand in Warsaw and Kraków.

Investment & finance

Deals worth EUR 0.6 bln now on the cards in Romania

schedule 30 January 2020
Rafał Ostrowski
journalist

ROMANIA Office deals worth a total of over EUR 0.6 bln could be closed soon, including EUR 0.3 bn in sales by NEPI Rockcastle portfolio that were signed in 2019 and several deals in the market now have yields of below 7 pct, according to Colliers International.

E-commerce

How much CO2 does your fashion sense generate?

schedule 30 January 2020
Eurobuild CEE

WORLD Online second had clothes store Thredup store has created a Fashion Footprint Calculator to calculate the carbon footprint of your purchasing habits.

Big deals go down in Poland

schedule 30 January 2020
Rafał Ostrowski
journalist

POLAND Significant real estate investment deals of over EUR 300 mln have been signed in recent months in Poland, while just a few years ago such deals would only appear sporadically. This puts Warsaw on an equal footing with other dominant cities in Europe, points out CBRE.

Warehouse & industrial

Wittchen hour approaches for expansion

schedule 29 January 2020
Opr./edited by TC

POLAND Handbag, suitcase and accessoires specialist Wittchen has contracted Pekabex Bet to carry out the expansion of the Wittchen logistics centre in Palmiry near Warsaw. The contract is worth PLN 15.2 mln.

Okam looks to Łódź

schedule 29 January 2020
Opr./edited by TC

POLAND Okam has published its investment plans for 2020 – when it aims to sell more than 3,000 apartments in three Polish cities.

Investment & finance

Buma takeover put off but still going ahead

schedule 29 January 2020
Opr./edited by TC

POLAND Reino Capital, RF Corval and Roberts Constructions have announced that they have postponed the signing of preliminary contracts for the purchase of the Kraków-based Grupa Buma by a month.

Investment & finance

CBRE GI buys Aquarius

schedule 29 January 2020
Rafał Ostrowski
journalist

POLAND CBRE Global Investors has finalised the purchase of the Aquarius Business House office complex in Wrocław from Spanish-based fund Azora Europa I.

Retail & leisure

Fitness comes to Imagine

schedule 29 January 2020
Rafał Ostrowski
journalist

POLAND Calypso Fitness has leased almost 1,500 sqm of space on the first floor of building B in the Image office complex in Łódź. This will be the club’s first branch in the city and it is scheduled to open in May.

Investment & finance

CPI takes Green Corner

schedule 29 January 2020
Rafał Ostrowski
journalist

POLAND CPI Property Group has acquired the Green Corner A office building in Warsaw’s Wola disrict from DWS.

Investment & finance

Warehouse partner for Reino

schedule 29 January 2020
Opr./edited by AKL

POLAND Reino IO CO Invest LLP, a joint venture between Reino and IO CO Investor 3 LLP, an entity affiliated with IO Asset Management, entered a strategic partnership with the Grosvenor Group on January 20th.

Retail & leisure

Empik in expansion mode

schedule 29 January 2020
Opr./edited by AKL

POLAND Polish bookseller, newsagent and multimedia chain Empik Group opened 21 new stores across Poland in 2019, bringing its total up to 276 at the end of last year.

Warehouse & industrial

Segro buys Panattoni park in Wrocław

schedule 29 January 2020
Opr./edited by AKL

POLAND Segro has bought, on behalf of the Segro European Logistics Partnership (SELP), Panattoni City Logistics Wrocław I – two buildings with a total of ​​38,000 sqm.

Retail & leisure

Fitter in City Point Tychy

schedule 29 January 2020
Opr./edited by AKL

POLAND Xtreme Fitness Gyms is to open a new fitness club in City Point Tychy.

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