News

Office & mixed-use development

New Format for Gdańsk

schedule 25 July 2019
Opr./edited by AKL

POLAND Construction work on a new office building is starting on ul. Droszyńskiego in Gdańsk. The Format building will have five above-ground floors and more than 15,700 sqm of leasable space. The completion of the construction work has been scheduled for Q2 2021.

Residential

Roark Studio wins Sopot project

schedule 25 July 2019
Rafał Ostrowski
journalist

POLAND NDI Development has chosen the Sopot-based Roark Studio to design a residential building on ul. Jagiellońska in Gdańsk.

Apartment Plus adds more in Wrocław

schedule 25 July 2019
Rafał Ostrowski
journalist

POLAND PFR Nieruchomości, the company that runs the governmental Mieszkanie Plus [Apartment Plus] scheme to provide homes for young families, has bought a 12.33 ha plot of land on ul. Odolanowska in Wrocław’s Zakrzów district from Polski Holding Nieruchomości. More than 1,000 apartments are to be built on the site under the scheme.

Construction

Uznam tunnel moves closer

schedule 25 July 2019
Rafał Ostrowski
journalist

POLAND A ZRID permit for the construction of a road tunnel to connect both sides of Świnoujście by linking the Polish mainland to the Uznam [Usedom] island is to be issued this year. This document should allow the work to begin in Q4 of this year.

Retail consumption grows across the EU

schedule 25 July 2019
Rafał Ostrowski
journalist

EUROPE Retail turnover is to increase by 2 pct in nominal terms in the 27 countries of the European Union this year, forecasts GFK. The largest increases are forecast in Romania and Lithuania.

Property and Facility Management

Colliers takes on The Office

schedule 25 July 2019
Alex Hayes
journalist

POLAND Colliers International Romania has been appointed property manager for The Office in Cluj-Napoca, owned by DIY-store chain Dedeman.

Investment & finance

MBank loans EUR 21 mln for Galeria Chełm

schedule 25 July 2019
Alex Hayes
journalist

POLAND Acteeum and Equilis have signed a EUR 21 mln credit agreement with mBank to finance the development of the Galeria Chełm shopping centre project.

Primark comes to Młociny

schedule 25 July 2019
Alex Hayes
journalist

POLAND Primark has signed a lease to open a store in the Galeria Młociny mall, in Warsaw, which is jointly owned by EPP (with a 70 pct stake) and Echo Investment.

Weekday to debut in Kazimierz

schedule 25 July 2019
Alex Hayes
journalist

POLAND Clothing store Weekday is to open its first Polish store in November in the Galeria Kazimierz mall in Kraków.

Investment & finance

Metro opposes Czech-Slovak takeover bid

schedule 24 July 2019
Nathan North
managing editor (English section)

EUROPE German retail giant Metro AG has made the recommendation to its shareholders that they turn down a EUR 5.8 bln takeover bid by Czech-Slovak investor EP Global Commerce, insisting that the offer significantly undervalues the group.

Office & mixed-use development

AIG and White Star start Mokotów project

schedule 24 July 2019
Rafał Ostrowski
journalist

POLAND AIG and White Star Real Estate have started construction work on the X20 office building on ul. Czerniakowska in Warsaw’s Mokotów district, for which the two companies have been awarded a EUR 61 mln bank loan.

London Partners buys Bucharest land

schedule 24 July 2019
Eurobuild CEE

ROMANIA London Partners has bought a 2.87 ha plot in Bucharest’s Expozitiei area for EUR 15 mln.

Warehouse & industrial

Accolade to invest EUR 38 mln

schedule 24 July 2019
Rafał Ostrowski
journalist

POLAND Accolade is planning to build another three buildings in its industrial park in Szczecin.

Architecture and urban planning

Polish finalists at World Architecture Festival

schedule 24 July 2019

WORLD The World Architecture Festival (WAF), one of the most important architectural events globally, is to take place this year on December 4th–6th in Amsterdam – and this time a number of Polish projects have been shortlisted for awards.

Property and Facility Management

Colliers to manage Moje Miejsce

schedule 24 July 2019
Rafał Ostrowski
journalist

POLAND Echo Investment has appointed Colliers International as the manager of the first office building in the Moje Miejsce mixed-use project in Warsaw’s Dolny Mokotów district.

Retail & leisure

PLN 40 mln subsidy for Masurian water-world

schedule 24 July 2019
Opr./edited by AKL

POLAND The Polish Agency for Enterprise Development [PARP] has announced that it has awarded a subsidy to two projects as part of the fourth ‘Product Chain Creation By Small and Medium Enterprises’ [Tworzenie Produktów Sieciowych Przez MŚP] competition for the Operational Programme Eastern Poland 2014–2020. One of the two winners is a real estate project: Wodny Świat, which is to be built in Giżycko and Gajewo.

Over 5 mln sqm in eight largest regional markets

schedule 24 July 2019
Eurobuild CEE

POLAND At the end of H1 2019, the total modern office stock in the eight major regional markets (Kraków, Wrocław, the Tri-City, Górnośląsko-Zagłębiowska Metropolis, Poznań, Łódź, Lublin and Szczecin) came to 5,302,900 sqm according to the latest figures from the Polish Chamber of Commercial Real Estate.

Warehouse & industrial

Panattoni builds for Amazon

schedule 24 July 2019
Rafał Ostrowski
journalist

POLAND Panattoni Europe has completed the Amazon logistics centre in Okmiany near Bolesławiec in Lower Silesia.

Investment & finance

Gazit launches bid for all of Atrium

schedule 23 July 2019
Nathan North
managing editor (English section)

CEE REGION Israeli investor Gazit Globe has agreed to buy the 39.9 pct stake it does not already own in CEE shopping centre owner and operator Atrium European Real Estate at a price of EUR 3.75 per share – which for the 150 mln shares amounts to a gross consideration of EUR 565 mln.

Abris buys Global Technical Group

schedule 23 July 2019
Alex Hayes
journalist

ROMANIA Fund manager Abris Capital Partners has signed an agreement to acquire a majority stake in Global Technical Group (GTS), a developer of IT system for property management.

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