News

Kuwaiti soil in Warsaw’s Wilanów district

schedule 01 August 2019
Eurobuild CEE

POLAND The Embassy of the State of Kuwait has leased 1,700 sqm in an old building at ul. Biedronki 6 in Warsaw's Wilanów district.

ASB opens its fifth office

schedule 01 August 2019
Eurobuild CEE

POLAND Financial consultancy ASB has opened an office in Rynek Staromiejski 36/38 in Toruń’s Old Town Square.

Office & mixed-use development

Visma to move to Business garden

schedule 01 August 2019
Alex Hayes
journalist

LATVIA Vastint, has leased out 1,500 sqm in Business Garden Rīga to Nordic IT firm Visma.

Office & mixed-use development

Spaces in card factory

schedule 01 August 2019
Rafał Ostrowski
journalist

POLAND IWG has leased nearly 2,600 sqm in the Fabryka Kart building on ul. Cieszyńska in Kraków for its Spaces flexible workspace brand.

Investment & finance

Strong results for Zalando

schedule 01 August 2019
Alex Hayes
journalist

EUROPE In Q1 this year Zalando Saw its customer base grow by 3.7 mln (15.2 pct) y-o-y to 28.3 mln across 17 European countries.

Office & mixed-use development

CBRE GI buys Praga Studios

schedule 01 August 2019
Alex Hayes
journalist

CZECH REPUBLIC CBRE Global Investors, on behalf of one of its global separate account clients, has exchanged contracts to acquire Praga Studios, a high-quality grade A office building in Prague for EUR 55 mln.

Warehouse & industrial

Work starts on A2 Warsaw Warehouse Park

schedule 01 August 2019
Alex Hayes
journalist

POLAND Construction work has begun on the A2 Warsaw Warehouse Park, which Panattoni Europe is developing near the town of Grodzisk 500m from the town’s junction with the A2 motorway.

Interior design

Industrial inspiration in Wola

schedule 31 July 2019
Opr./edited by AZ

POLAND Decoroom has designed an apartment in the Dzielna 64 residential estate (a project by Ochnik Development) in Warsaw’s Wola district. The apartment has been fitted out and decorated in a way that combines elements of classic and loft style.

Dekpol sells less but earns more

schedule 31 July 2019
Opr./edited by TC

POLAND Dekpol has announced that the company sold 227 units in H1 (down from 319 a year earlier) taking into account reservation, development and preliminary contracts.

Italinox comes to Czeladź

schedule 31 July 2019
Eurobuild CEE

POLAND Italinox-Polska, a distributor of stainless steel products, has leased almost 3,500 sqm of warehouse space in MLP Logistic Park Czeladź.

Retail & leisure

Tesco to shrink

schedule 31 July 2019
Rafał Ostrowski
journalist

POLAND Tesco has announced it will re-focus its business in Poland on its best performing smaller store formats and sell eight of its largest hypermarkets.

Investment & finance

Reino given three months

schedule 31 July 2019
Eurobuild CEE

POLAND Reino Capital, RF CorVal International Holdings and Roberts Constructions have been granted a three-month exclusivity period to negotiate the purchase of a real estate holding company with assets estimated at PLN 1.3 bln.

Residential

Profbud to develop Yugo residential estate

schedule 31 July 2019

POLAND Warsaw-based developer Profbud is to develop the Yugo residential estate on ul. Jugosłowiańska in Warsaw.

Retail & leisure

Intermarché and Bricomarché see turnovers rise

schedule 31 July 2019
Eurobuild CEE

POLAND The Mousquetaires Group ended the first six months of 2019 with a turnover of over PLN 3.72 bln up by 5 pct y-o-y.

Office & mixed-use development

Kraków post office sold to Zeitgeist

schedule 31 July 2019
Rafał Ostrowski
journalist

POLAND Zeitgeist Asset Management has bought a 19th century building on ul. Wielopole 2 in Kraków, which is partly occupied by the city’s main post office. The property together with a partialy developed plot on ul. Cystersów was sold to Zeitgeist by Orange.

Record H1 for warehouse deliveries

schedule 31 July 2019
Eurobuild CEE

POLAND Almost 1.1 mln sqm of modern warehouse and industrial space was completed in the first half of 2019, which is the highest volume of new supply on record for the first six months of a year, according to Savills’ “Market in Minutes – Warehouse market in Poland" report.

Investment & finance

EU approves Oaktree takeover

schedule 31 July 2019
Eurobuild CEE

WORLD The European Commission has approved the proposed acquisition of a 62 pct majority stake in Oaktree Capital Group by Brookfield Asset Management.

Investment & finance

LaSalle buys Panattoni Park

schedule 31 July 2019
Rafał Ostrowski
journalist

POLAND LaSalle Investment Management has bought the Panattoni Park Warsaw West VI logistics complex in Grodzisk Mazowiecki for its Encore+ fund.

Office & mixed-use development

Hub signs up Atradius

schedule 30 July 2019
Rafał Ostrowski
journalist

POLAND Insurance company Atradius has leased around 1,500 sqm of office space in The Warsaw Hub complex, which is being developed by Ghelamco Poland in Warsaw’s Wola district.

Hotels

Mercure to open in Fabryczna City

schedule 30 July 2019
Rafał Ostrowski
journalist

POLAND Orbis has announced that it will open a 200-room Mercure hotel in the Fabryczna City mixed-use complex, which is currently being built in Kraków, and has signed a long-term franchise agreement with the project’s developer Inter-Bud.

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