News

Opr./edited by AKL

POLAND The demand for hotels continues to grow in Poland, according to CBRE’s recent ‘Hotel market in Poland in Q2 2019’ report.

Retail & leisure

Contractor and new brands for Wiślanka

Opr./edited by AKL

POLAND Strabag has been chosen as the general contractor of the Wiślanka shopping centre in Żory in Silesia.. New tenants have also been secured for the centre.

Residential

TV tower to turn into apartment building

Anna Korólczyk-Lewandowska
editor-in-chief

POLAND The redevelopment of the former TVP Szczecin tower is to start in H1 next year. The developer of the project, Idea-Inwest, is to turn it into the 18-storey Sky Garden apartment building, which should be ready in 2022.

Retail & leisure

Fast food with a click

Opr./edited by TC

POLAND Polish food courier franchise Stava has launched franchises in Kielce, Lublin, Bielsko-Biała, Toruń and Kraków in Q2 and Q3 this year with branches to open soon in Poznań, Częstochowa, Gdańsk and Olsztyn.

Warehouse & industrial

Raszyn “ideal for logistics”

Opr./edited by TC

POLAND Pouch Logistic has become the second tenant of the Ideal Idea City Park warehouse and office complex, which is being developed by Ideal Idea Formad in Raszyn near Warsaw.

Central Point signs up WeWork

POLAND Flexible workspace provider WeWork has leased 5,500 sqm for its sixth Polish centre in Central Point project in Warsaw. The building is under development by Immobel and scheduled for completion in 2021. WeWork was represented in the negotiations by Cushman & Wakefield.

Ailleron takes to the Podium

POLAND IT company Ailleron, which is involved in fintech and telecommunications, has signed one of Kraków’s biggest leases of 2019 and is to take up 8,600 sqm of office space in building B of Podium Park.

New Format for Gdańsk

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

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

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

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

Property and Facility Management

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.

Colliers takes on The Office

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

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

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

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

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.

AIG and White Star start Mokotów project

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

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