News

POLAND UTC Fire & Security has leased almost 7,300 sqm of offices in the Heweliusza 18 building in Gdańsk.

Investment & finance

EPGC fails in Metro takeover bid

EUROPE EP Global Commerce, the Czech-Slovak holding controlled by Daniel Křetínský, has failed to reach the minimum acceptance threshold of 67.5 pct of its voluntary takeover offer for German retailer Metro AG.

Warehouse & industrial

Prologis outstanding at Prague-Airport

Property and Facility Management

CZECH REPUBLIC Building 3 of Prologis Park Prague-Airport has been awarded BREEAM with a rating of ‘Outstanding’.

Savills takes on more in Poznań

Office & mixed-use development

POLAND Benson Elliot and Sharow Capital, the owners of the Okrąglak and Kwadraciak buildings in central Poznań, have appointed Savills to advise on the commercialisation of their office and retail space.

Noerr in Nowogrodzka Square

POLAND The Polish branch of German multinational law firm Noerr has leased 1,100 sqm on the third floor of the Nowogrodzka Square office building in central Warsaw.

Warehouse & industrial

GSK enlarges Poznań BSC for European financial hub

POLAND British pharma giant GlaxoSmithKline has leased an additional 1,700 sqm in Business Garden Poznań, bringing the total area it occupies in the complex up to more than 3,700 sqm.

Warehouse & industrial

First tenant for 7R City Flex Łódź I

POLAND Hydro Sapa Building Systems has leased 2,500 sqm of warehouse and office space in 7R City Flex Łódź I and is thus the park’s first tenant.

Interior design

Indivi-dual and minimalist

Opr./edited by AZ

EUROPE The Indivi sofa from BoConcept is celebrating its 20th anniversary this year. It is the creation of Anders Nørgaard, who has been contributing designs for the Danish brand for 20 years.

Interior design

Tétris walls Japanese-style

Opr./edited by AZ

POLAND The newly opened Menya Musashi Japanese restaurants in Warsaw and Gdańsk feature walls dominated by raw concrete and hand-made decorations.

EurobuildCEE

High five of the week

EUROBUILD CEE The real estate market seems not to have gone on holiday. We are seeing big transactions and other important events, which has also been reflected in this weeks Top 5 most popular stories published by Eurobuild CEE.

Retail & leisure

North Face concept unveiled

WORLD The North Face has unveiled its global retail strategy, with the opening of a new store in New York.

Hotels

Hilton Garden Inn to come to Toruń

Alex Hayes
journalist

POLAND Hilton has signed a franchise agreement with Satoria subsidiary PPI Polskie Projekty Inwestycyjne, to open the Hilton Garden Inn Torun Old Town hotel with 132 rooms. The hotel will be managed by VHM Hotel.

Trade down

Architecture and urban planning

EUROPE The Eurostat’s first estimate for the volume of exports from the euro area (EA19) to the rest of the world in June 2019 was EUR 189.9 bln, down 4.7 pct y-o-y.

Chapman Taylor designs media centre

RUSSIA Chapman Taylor has produced two concept designs for a state-of-the-art media centre in St Petersburg.

EA7 makes Russian debut

RUSSIA Emporio Armani owned brand EA7 has entered the Russian market with opening a 200 sqm store in the the Mega Teply Stan shopping centre in Moscow and has become part of the centre’s fashion cluster, which is a 3,000 sqm multibrand department store including international brands such as Karl Lagerfeld, Marc Cain, Liu Jo, Tommy Hilfiger, Hugo Boss and MaxMara Weekend.

Atrium undervalued says Letko

Alex Hayes
journalist

CEE REGION Investment manager Letko Brosseau & Associates has declared its intention to vote against Gazit Globe’s buyout of Atrium European Real Estate, in which it controls a 2.4 pct stake making it the second largest shareholder in the company.

Etalon completes Leader-Invest purchase

Office & mixed-use development

RUSSIA Etalon Group has completed the purhcase of the remaining 49 pct stake in residential developer Leader-Invest from Sistema for RUB 14.6 bln.

Raiffeisenbank orders 34,000 sqm BTS from Etalon

RUSSIA Raiffeisenbank has appointed Etalon Group to build a 34,000 sqm office project in the Nagatino I-Land business park outside the third ring road in Southern Moscow.

Baltic Horizon increases in value

EUROPE Tallinn based Baltic Horizon Fund has increased its net asset value per unit to EUR 1.3451. As of the end of July the value increased by 0.52 pct m-o-m.

Investment & finance

Rents go up across CEE

14 August 2019