News

POLAND Antczak Construction has been appointed by Panattoni to build the second warehouse in Panattoni Park Warszawa Konotopa II just outside Warsaw.

Stokrotka to open in Sukcesja

POLAND Stokrotka is to become the grocert anchor of the Sukcesja shopping centre in Łódź with a 1,100 sqm store and will take over the space vacated by Piotr I Paweł, which closed due to the chain’s current financial restructuring.

Big data enters the world of retail

WORLD “In 2016 around 4 pct of retailers were using artificial intelligence. Now we are seeing that this figure has risen to around 28 pct or over one in four retailers. We think this is because retailers are trying to get better intelligence to get the right tools for the job so that they can empower and enable their own workforce develop their capabilities to better understand what customers want to do right now,” said Mary Wallace from IBM Interactive Experience during the REDI 2019 trade fair held by PRCH from May 27-28th in the Koneser complex in Warsaw.

Residential

Golub Gethouse to rent apartments under Inspirentals

POLAND Golub Gethouse is to set up the Inspirentals platform of rental apartments.

Outlet for better emotions

Office & mixed-use development

Opr./edited by AZ

POLAND What are the shopping habits of outlet centre shoppers? Why do they shop there in the first place? What do they tend to buy? The answers to these questions can be found in Neinver’s latest report on this segment, ‘Positive Emotion Centres – the Outlet Market in Poland in the eyes of Consumers’, which has been prepared together with research company IQS.

Skyliner breaks 50 metre barrier

Office & mixed-use development

POLAND The Skyliner office tower, which is being developed by Karimpol Polska at the junction of ul. Towarowa and ul. Prosta in central Warsaw, has now surpassed a height of 50m.

Continental to grow in Iași

ROMANIA Automotive engineering frim Continental has begun work on the extension of its office building in Iași in an investment of EUR 27 mln.

Warehouse & industrial

Rohlig Suus opens in Panattoni Park Wrocław IX

POLAND Rohlig Suus Logistics has officially opened its 15,000 sqm logistics centre at Panattoni Park Wrocław IX with a cross-docking terminal of 61 docks.

No slowdown for retail park development

Office & mixed-use development

EUROPE European retail park floorspace increased by 2.2 pct over 2018, reaching a total of 50.1 mln sqm according to figures from Cushman & Wakefield’s ‘European Retail Parks: What’s next’ report.

Kids to come to Business Garden Rīga

LATVIA Vastint Latvia has signed a lease agreement with Patnis un partneri, which is to open a 635 sqm kindergarten in the autumn in Business Garden Rīga at 1 Malduguņu iela.

Hotels

Foreigners spend RON 1.3 bln in Romania

ROMANIA Over Q I 2019, the total number of non-residents in tourist accommodation was 443,700 and their total expenditure came to just under RON 1.3 bln (app. EUR 275 mln), according to the latest statistics from the National Institute of Statistics.

Investment & finance

Baltic Horizon completes Galerija Centrs purchase

LATVIA The Baltic Horizon Fund has purchased the Galerija Centrs shopping centre in Riga from Linstow by acquiring all the shares of of Tampere Invest.

Tarnovia to be transformed

Opr./edited by AZ

POLAND Galeria Tarnovia in Tarnów in Małopolska is undergoing some changes aimed at refreshing its product range across almost 30 pct of the shopping centre’s area. The new strategy has been developed by CREAM, the property manager, and Griffin Property Finance II FIZAN, the owner of the 17,000 sqm shopping centre.

Warehouse & industrial

More windows, less waste

Opr./edited by TC

POLAND Oknoplast group has started the construction of a new production and logistics complex in Ochmanów near Wieliczka in Małopolska.

Investment & finance

Saller buys Radom shopping centre

Rafał Ostrowski
journalist

POLAND Saller Group has signed a contract for the purchase of Galeria nad Potokiem in Radom for PLN 24.6 mln.

Plant for Dino

POLAND Suopermarket chain Dino Polska plans to build a distribution centre in Łobez, in Western Pomerania, the company has revealed in an announcement.

Jara Drapała stays in North Gate

POLAND Law firm Jara Drapała & Partners has renewed and expanded its lease agreement in the North Gate office building in Warsaw.

Hotels

Accor to sell off Orbis

EUROPE Accor has announced that it is selling its entire majority stake in Orbis despite having also previously announced its intention to take over the company’s service business.

Investment & finance

Immofinanz splashes out on Warsaw Spire

Nathan North
managing editor (English section)

POLAND Immofinanz is to acquire the Warsaw Spire skyscraper (building A of the complex) in the Polish capital for app. EUR 386 mln, subject to approval from the Polish competition authority, in what could be the biggest office investment transaction in Poland this year.

Primark debuts in Slovenia