News

Property and Facility Management

POLAND Local Heroes has opened its first fashion store of 81 sqm at ul. Mokotowska 49 in the Mokotowska Square building in Warsaw.

Colliers to find balance in Equilibrium

ROMANIA Skanska has appointed Colliers International as the property manager of its Equilibrium development in Bucharest.

Residential

Atal makes hay while the sun shines

POLAND Atal signed a record number of contracts on 3,196 apartments last year 32 pct up on last year’s figure of 2,420 and almost 15 pct higher than in 2017 (2,787).

PureGym takes on Fitness World

EUROPE UK Fitness operator PureGym has completed its takeover of Fitness World and is now has the second largest chain of gym clubs in Europe with 1.7 million members and over 500 branches across the UK, Denmark, Switzerland and Poland.

Polnord moves closer to Cordia

POLAND The Office of Competition and Consumer Protection has received an application from Cordia International for approval to take control of Polnord.

Strong results for VRG

Office & mixed-use development

POLAND The consolidated sales revenues of VRG came to around PLN 156.3 mln in December around 5.6-pct higher than in December 2018.

Second Nowy Rynek building completed

Office & mixed-use development

Opr./edited by TC

POLAND Skanska has been awarded an occupancy permit for the second office building of its Nowy Rynek development in Poznań.

Offices overlooking departures

Architecture and urban planning

POLAND The John Paul II Kraków-Balice Inernational airport has announced a tender for the concept design of a new office building.

Częstochowa station redesigned

POLAND The competition to find a concept design for the Częstochowa Główna station has been won by a project by Top Projekt Marek Wawrzyniak (Rybnik), NStudio (Paris) and Studio Antonini (Paris).

Franke comes to HomePark

POLAND Kitchen equipment retailer Franke has leased 292 sqm in HomePark Janki owned by Pradera European Retail Parks.

Two buildings acquired for Eften Real Estate Fund III and merger announced

Office & mixed-use development

LATVIA/BALTIC STATES Eften Real Estate Fund III has signed conditional purchase agreements to acquire two commercial properties in Latvia. The fund will buy AirBaltic’s headquarters in the grounds of Riga airport, as well as a logistics centre in Ķekava, on the outskirts of city.

World Bank takes space in Advance Business Center II

BULGARIA The World Bank will lease of 4,000 sqm in the Advance Business Center II office building under construction in Sofia by GTC.

Green projects

Origo now doubly 'Excellent'

LATVIA The Origo One Business Centre and the Origo Shopping Centre in Riga, developed by Linstow Centre Managemenrt, have both been awarded BREEAM ‘Excellent’.

Warehouse & industrial

Moto-Profil opens warehouse

POLAND Hillwood Polska in a joint venture with Polski Holding Nieruchomości has built 10,300 sqm of warehouse space with offices and a training room in Świebodzin in Western Poland.

Budimex hires Budimex

Opr./edited by AKL

POLAND Budimex Nieruchomości has appointed Budimex as the general contractor for a residential building on ul. Niemena in Poznań.

Changes in Galeria Echo

Opr./edited by AKL

POLAND Recently Pako Lorente has opened a 100 sqm store in the Galeria Echo shopping centre in Kielce owned by EPP.

Portiva building up retail porfolio

CZECH REPUBLIC Portiva has purchased a retail centre in Ivančice in South Moravia.

Star Capital buys Lighthouse Towers

CZECH REPUBLIC Star Capital Investments has bought the Lighthouse Towers centre in Prague’s Holešovice district from Deka Immobilien.

Funds raise record sums over 2019

WORLD Real estate funds secured a total of USD 151 bln in 2019, with 295 funds reaching a final close according to figures from investment consultancy Preqin.

Vacancy down on Moscow high streets