News

Retailers must face the tech revolution

schedule 04 September 2019
Eurobuild CEE

POLAND Virtual systems have started entering traditional retail trade. According to Stephan Tikhomiroff, the CEO of Perfetti Van Melle Polska, the era of hyper-personalisation has begun.

Accor moves to Lumen

schedule 04 September 2019
Eurobuild CEE

POLAND Orbis and Accor have moved into new offices at ul. Złota 59 in Warsaw, taking up over 2,100 sqm on two floors of the Lumen office building.

Retail & leisure

Leroy Merlin starts building in Minsk

schedule 04 September 2019
Tomasz Cudowski
editor-in-chief

BELARUS The first Belarusian Leroy Merlin store is under construction as part of the Zhdanovichi [Ждановичи] retail park retail park at the junction of Timiriazeva [Тимирязева] and Ratomskaya [Ратомская] in Minsk.

Retail & leisure

Dancing in Galeria Północna

schedule 04 September 2019
Opr./edited by AKL

POLAND The Egurrola Dance Studio has opened in the Galeria Północna mall in Warsaw with a lease of 750 sqm.

Action enters Turawa Park

schedule 04 September 2019
Eurobuild CEE

POLAND Action is to open a 1,000 sqm store in the Turawa Park shopping centre.

Retail & leisure

Renovations start on Malta

schedule 04 September 2019
Eurobuild CEE

POLAND The Galeria Malta shopping centre in Poznań is to be thoroughly renovated. Sierra Balmain has developed a development strategy for the ten-year-old mall based on market research and customer surveys. The centre is to become a place where the people of Poznań can come and relax.

Technology

Hotel for smartphone users

schedule 04 September 2019
Eurobuild CEE

WORLD Australian smart phone producer Oppo has created new kind of mobile hotel, which can be controlled by a smartphone over a 5G network.

Office & mixed-use development

Budimex builds for Budimex

schedule 04 September 2019
Eurobuild CEE

POLAND The Wola Retro office building, a project developed by LC Corp in Warsaw, has been granted an occupancy permit and one of the first tenants will be its main contractor – Budimex Group.

Mzuri CFI reshapes PRS

schedule 04 September 2019
Eurobuild CEE

POLAND In less than five years Mzuri CFI has raised more than PLN 50 mln through crowdfunding through almost 1,000 private small investors and it has set up over ten companies.

More minority shareholders object to Atrium buyout

schedule 04 September 2019
Alex Hayes
journalist

CEE REGION ICAMAP Investments has written a letter to Gazit Globe stating that it objects to the price offered for the remaining shares of Atrium European Real Estate and demands that the company be revalued before it will agree to sell its minority stake of 1.38 pct.

Green projects

Fitwel enters Poland

schedule 03 September 2019
Opr./edited by AKL

POLAND Buma is applying for a Fitwel certificate for the construction of the Wadowicka 3 office complex in Kraków. Building A, which is one of three planned buildings, will be the first project in Poland to be registered under Fitwel.

More Cromwell in CPRF

schedule 03 September 2019

POLAND Cromwell Property Group has bought out the outstanding stake in its Cromwell Polish Retail Fund (CPRF) after exercising its right of first purchase to acquire the third-party investor interest in the fund.

Trei picks up steam

schedule 03 September 2019
Eurobuild CEE

WORLD Property developer and investor Trei Real Estate has announced an increase in its development volume to EUR 730 mln over the first half of 2019, up by EUR 45 mln since the end of 2018 (December 2018: EUR 685 mln). This represents a y-o-y rise of EUR 230 on the EUR 500 mln of H1 2018 (46 pct).

Acessibility signed into law

schedule 03 September 2019
Eurobuild CEE

POLAND An act has been signed by the president to set up an Accessibility Fund is to finance improvements to the accessibility for the disabled and the elderly in government offices.

EurobuildCEE

Tom Tailor in Galeria Północna

schedule 03 September 2019
Eurobuild CEE

POLAND German clothing store Tom Tailor has opened its fourth store in Warsaw in the Galeria Północna shopping centre.

Brands expand in Millenium

schedule 03 September 2019
Eurobuild CEE

POLAND Mohito, Sinsay and Vistula brands have reopened and enlarged their stores in the Millennium Hall in Rzeszów.

Construction

Nova Królikarnia Totally topped

schedule 03 September 2019
Opr./edited by TC

POLAND General contractor Totalbud has topped off the Nova Królikarnia residential project in Warsaw, which is being developed by Ronson Development.

Office & mixed-use development

Baltic Horizon Fund to buy North Star

schedule 03 September 2019
Alex Hayes
journalist

LITHUANIA Northern Horizon Capital has signed an agreement on behalf of its Baltic Horizon Fund to acquire the North Star business centre in Vilnius from the Prosperus Strategic RE Fund for around EUR 20.7 mln.

Office & mixed-use development

ING moves into Expo Business Park

schedule 03 September 2019
Alex Hayes
journalist

ROMANIA The first of three buildings to be delivered at Expo Business Park in Bucharest has been completed and is now occupied by ING Bank.

Office & mixed-use development

ConvergenCE buys Buda office building

schedule 03 September 2019
Alex Hayes
journalist

HUNGARY Budapest-based commercial real estate investor and developer ConvergenCE has announced that it has bought the Central Business Center office building on Horvát street in Budapest’s district 2 from Immofinanz. The price has not been disclosed.

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