News

Agnieszka Zielińska

POLAND Warsaw studio WXCA has come first in the competition to design the concept of the new Museum of the Wielkopolska Uprising, dedicated to the events surrounding the Greater Poland Uprising of 1918/19.

Residential

Apartments and offices for Praga lens factory

Anna Korólczyk-Lewandowska
editor-in-chief

POLAND Work on the Fabryka PZO residential development in Warsaw’s Praga Południe district is to start before the end of the year.

Hotels

Strabag sells Warsaw hotel

POLAND Strabag Real Estate has sold its recently opened Motel One on ul. Tamka in central Warsaw to the operator of the hotel – Motel One. The value of the transaction has not been disclosed.

Hotels

Erbud heads for Karkonosze Mountains again

Office & mixed-use development

POLAND Erbud has won a PLN 26.4 mln contract for the construction of Lake Hill II in Sosnówka in the Karkonosze Mountains.

Hotspot to open in the Mark

Alex Hayes
journalist

ROMANIA German-based architectural and engineering company REC Partners is to set up Hotspot, its own brand of coworking space with the first branch to open in The Mark office building in Bucharest in November.

Investment & finance

EUR 2.7 bln transacted in H1

Rafał Ostrowski
journalist

POLAND The total real estate investment volume in the first half of the year came to nearly EUR 2.7 bln, according to the ‘At a Glance H1 2019’ report by BNP Paribas Real Estate. Although lower than the same period of the previous year the figure remains higher than the first half figures from 2015-2017.

Events

Will Łódź once again become the Promised Land?

Eurobuild Conferences

POLAND Łódź is systematically rebuilding its tenement houses and streets. The city has spent many years attracting new investors to help with its renovations. It also been trying create the right conditions for local businesses investing in real estate to flourish.

Hotels

Office block to turn into hotel

POLAND Re-construction work on the former Projprzem Makrum office building in central Bydgoszcz has started. The building is to be completely transformed into a three-star Focus Hotel, becoming the 12th hotel of the chain, which is owned by Polish group Immobile.

Investment & finance

BNP finances React

POLAND BNP Paribas Bank Polska has given a loan of over EUR 19 mln to Echo Investment for the construction of the first office building of the React office complex, which is being developed at the corner of ul. Kilińskiego and al. Piłsudskiego in Łódź.

Kik with even more Kik

POLAND Kik has opened a store of 640 sqm in Świecie, as well as a new stores in Krapkowice (a town between Katowice and Wrocław) and Toruń

Orbis before split

Architecture and urban planning

POLAND Orbis saw like-for-like growth in its EBITDA of 19.3 pct to EUR 51 mln in its H1 financial results. The Eastern Europe region remained strong with 5 pct RevPAR growth.

Central Station enters monumental era

Opr./edited by AZ

POLAND Warszawa Centralna [Warsaw Central] station has been listed as a registered monument and thus is now covered by a protection order. The decision should preserve the structure of the modernist station and its spatial layout in its existing form.

Residential

Vantage in the centre of Wrocław

Opr./edited by AZ

POLAND Vantage Development has opened the apartment sales process for its Legnicka 33 development in Wrocław.

Residential

Resi-market keeps its balance

POLAND The downward trend is continuing for home purchases and new supply, according to JLL’s latest Residential Market in Poland report for Q2 2019. However, increasing prices are allowing developers to maintain satisfactory margins, since they are not falling at the same rate as the number of transactions.

More sales for Etalon

RUSSIA In H1, Etalon saw a 41 pct y-o-y increase in new contract sales to RUB 38.7 bln [app. EUR 532 mln] with a 23 pct increase in space sold to 322,212 sqm.

Retail & leisure

Leases signed in Arkady Wrocławskie

Office & mixed-use development

POLAND A number of tenants have signed leases for space in the Arkady Wrocławskie mall in Wrocław.

Expeditors move into garden

POLAND Logistics services firm Expeditors has moved into its new Polish headquarters in the Business Garden office complex in Warsaw, where the company has leased 660 sqm.

Retail & leisure

Reserved goes big in Zielona Góra

POLAND The Reserved store in Focus Mall in Zielona Góra has been renovated. The store, owned by Poland based LPP, also has been enlarged by 1,366 sqm and now occupies 2,996 sqm, making it the largest Reserved store in the country.

UOKiK gives a Real wigging

POLAND Office of Competition and Consumer Protection [UOKiK] has ruled that the Real hypermarket chain has abused its market position to squeeze its suppliers by delaying payment for goods beyond the deadlines laid down by law.

Warehouse & industrial

Panattoni completes Hydroline plant