News

RUSSIA Etalon Group has launched apartment sales for its project on Chernigovskaya street in St Petersburg’s Moskovskiy district.

Investment & finance

Asian investment grows in CEE

CEE REGION Asian investors have invested EUR 7.7 bln in Central and Eastern Europe since 2013, according to the “Thriving Metropolitan Cities” CEE investment report prepared jointly by Skanska, Colliers International and Dentons. This compares to an investment volume of EUR 8.6 bln from Germany.

Colliers brings Basking Automation to Poland

POLAND Colliers International is to analyse occupancy and space usage in real time using a system developed by Basking Automation, a company that took part in the Colliers Proptech Accelerator programme powered by Techstars.

Office vacancy to increase in Bucharest

Rafał Ostrowski
journalist

ROMANIA The vacancy rate on the Bucharest office market could increase up to 13 pct by the end of 2020 from 10 pct at the end of June 2019, according to Colliers International.

Eurobuild Awards

Charitable real estate

POLAND The business world is not only about achieving good profits and starting new projects. The people working in it are also sensitive to the situation of the disadvantaged and those in need. Fortunately, along with their core activities, social responsibility is now increasingly being built into the operational models of many companies, thus enabling them to balance the accumulation of capital with contributing to the social good.

Investment & finance

Hines to buy Wola Center

Hines European Value Fund has signed a preliminary agreement with Develia (formerly known as LC Corp) to acquire the Wola Center office building for EUR 101.9 mln.

What makes a good office

EUROPE/POLAND Polish employees do not differ much from their counterparts in Western Europe but want a say in how their office space is designed claims Savills in its ‘What Workers Want’ report. The consultancy conducted a survey of over 11,000 office workers from eleven European countries, including around 1,000 people from Poland.

Work to start next year on Panattoni Park Ruda Śląska II

POLAND Panattoni has acquired a 12 ha site on which it is to build Panattoni Park Ruda Śląska II.

Investment & finance

Oxenwood comes to Poland

POLAND Bluehouse Capital and Panattoni Europe have sold a 8,500 sqm logistics centre in Radzymin (30 km from Warsaw’s city centre) to Oxenwood Real Estate.

Record warehouse take-up across Europe

Rafał Ostrowski
journalist

EUROPE Around 11.9 mln sqm was leased in H1 by warehouse occupiers across Europe, which is a record figure, according to Savills.

Office & mixed-use development

U Centre to arise in Bucharest

ROMANIA Work is underway on the U Centre office building in Bucharest.

Seven stores in Rakovica

SERBIA With the completion of stage three of Capitol Park Rakovica in Belgrade, seven stores will have opened before the end of November.

Hotels

Radisson Blu Kyiv reopens after renovations

UKRAINE Radisson Blu Hotel Kyiv with 254 rooms has been reopened after a complete renovation. The work was completed in partnership with OMO Design.

Gazit Globe refuses to budge

Office & mixed-use development

CEE REGION Despite objections from minority shareholders Gazit Globe is refusing to raise its price for the outstanding shares in shopping centre manager Atrium European Real Estate.

Two deals for Eastnine

LATVIA/LITHUANIA Eastnine AB has signed an agreement to acquire the Valdemara Centrs office centre in central Riga for EUR 25 mln with the transaction to be closed before the end of the year.

Reslogistic takes up 7,000 sqm near Katowice

POLAND Logistics operator Reslogistic, has leased 7,000 sqm of warehouse space at the Alliance Silesia Logistics Center in Czeladz. The tenant was advised in the negotiations by Axi Immo.

Total office stock across CEE to exceed mln sqm by 2021

CEE REGION Total modern office stock across the CEE in H1 2019 reached 27 mln sqm, according to the ‘ExCEEding Borders’ report by Colliers International.

Retail & leisure

Sekunda signs up Jysk

11 October 2019

POLAND Jysk is to open an interior design store in the Sekunda shopping centre, which is to open in H1 2021 in Jędrzejów (between Kielce and Kraków).

LPP opens e-commerce warehouse outside Bucharest

11 October 2019

Opr./edited by AZ

ROMANIA A 22,000 sqm warehouse near Bucharest is to handle online orders for all five of LPP’s brands: Reserved, Cropp, House, Mohito and Sinsay.

Containers come to Łapy

11 October 2019