News

BULGARIA US investor BC Industries has started contruction work on a casino complex in Svilengrad near the borders with Turkey and Greece in an investment of around EUR 150 mln.

Echo takes over Immofinanz office buildings

POLAND Immofinanz has sold a section of its Empark office development in Warsaw's Służewiec business district to Echo Investment. Prior to the deal, the Austrian investor had drawn up a concept design for a number of the buildings on the 1.17 ha plot to be pulled down to make way for a new residential development.

Skanska sells second Nowy Rynek building

Rafał Ostrowski
journalist

POLAND Skanska has sold the second building that it is developing in its Nowy Rynek office complex in Poznań to Corum Asset Management for EUR 36 mln.

Centrum Krakov sold

CZECH REPUBLIC Wood & Company has acquired the Centrum Krakov mall in Prague. The sellers were the Syner Group as well as private investors Petr Syrovátko and Karel Zetka.

Residential

Sales begin for BW Aria

SERBIA Belgrade Waterfront has begun apartment sales for the BW Aria building, the tenth to be built in the project.

Bilfinger maintains course

Office & mixed-use development

Eurobuild CEE

EUROPE Bilfinger has announced a EUR 6 mln net loss in the second quarter of the year, compared to an EUR 11 mln profit in Q2 2018 despite revenue growing by 8 pct to EUR 1.15 bln compared to EUR 1.06 bln the year before. Adjusted EBITA improved by 47 pct to EUR 17 mln.

Instapage chooses Prosta

Eurobuild CEE

POLAND Internet marketing firm Instapage has leased 700 sqm of office space at the Prosta Office Centre in Warsaw’s Wola district.

Warehouse & industrial

Panattoni to start second Bydgoszcz park

Eurobuild CEE

POLAND Panattoni Europe is to develop the Panattoni Park Bydgoszcz II industrial complex, around 6 km east from the city’s centre. Construction is to start on the 40,000 sqm park in September. The first units are to be ready in Q1 2020.

Klépierre to sell four malls to Indotek

HUNGARY The competition authorities (GVH) have approved the acquisition by Indotek of a number of shopping centres owned by the Klépierre group.

Hotels

Hilton Garden Inn opens at Bucharest airport

Office & mixed-use development

ROMANIA The 218-room Hilton Garden Inn Bucharest Airport has opened within the Henri Coandă International Airport complex in the town of Otopeni.

Banca Comercială Română to move to Business Garden

ROMANIA Erste Group subsidiary Comercială Română (BCR) is to move its headquarters to Business Garden Bucharest in 2020 with a lease of 14,000 sqm.

Hotels

Uzdrowisko Szczawnica focused on renovation

Anna Pakulniewicz

POLAND Thermaleo & Uzdrowisko Szczawnica Group is to open the Pieniny Grand holiday complex in Szczawnica in southern Poland at the end of the year.

AI to reduce shopping queues

POLAND An end to queuing, with less customer irritation and employee stress, along with greater loyalty and higher sales turnover. This is what the store of the near future could be like, according to Itmagination, which has developed a system that analyses real-time traffic and in-store queues.

Go Sport to set to go from Polish market

POLAND Rallye, the owner of international sporting goods retail chain Go Sport, has announced that it has entered negotiations with Singaporean company Sportmaster regarding the sale of its Polish subsidiary, Go Sport Poland.

Changes ahead for construction law

POLAND The Polish government has adopted a package of proposed changes to the construction law drawn up by the Ministry of Investment and Development.

Mostostal appointed to build university building

Architecture and urban planning

POLAND Mostostal Warszawa has won the tender to construct the faculty of physics and applied computer science of the AGH University of Science and Technology in Kraków.

Buildings planned for Warsaw University

Opr./edited by AKL

POLAND The Association of Polish Architects [SARP] has announced an architectural competition to find a design concept for teaching facilities for the University of Warsaw.

CA Immo completes exit from Airportcity

RUSSIA Warimpex has completed its purchase of a 35 pct stake in AO Avielen, the SPV which is responsible for the development and management of the Airportcity mixed-use complex in St Petersburg, bringing its total stake in the project up to 90 pct.

TXM files for bankruptcy of Romanian subsidiary

12 August 2019

Office & mixed-use development

ROMANIA Polish clothing group TXM, which is undergoing restructuring, has filed for the bankruptcy of its 100 pct Romanian subsidiary Adesso TXM Romania, based in Timişoara.

Face2Face topped off

12 August 2019