News

Nathan North
managing editor (English section)

POLAND A Just Gym fitness club is to open in Echo Investment’s Moje Miejsce mixed-use complex in Warsaw’s Dolny Mokotów district in Q3 2019.

Residential

Ghelamco presents Foksal façades

POLAND Ghelamco is completing the renovation of the 19th century Foksal 13 and 15 tenement buildings and the south side façade has now been completed. Many of the original architectural details have been preserved.

Emerald Hills still growing

RUSSIA Etalon has announced that it has delivered another building at its Emerald Hills project in the Moscow region with a total net saleable area (nsa) of 64,000 sqm, including a 49,000 sqm residential area.

Investment & finance

Trei buys land for two Vendo Parks

POLAND Trei Real Estate has purchased land for the construction of a Vendo retail park in Kobyłka near Warsaw, which is to be completed by the end of the year, and for a Vendo Park in Kutno near Łódź to be delivered in 2020.

Forest under construction

Opr./edited by TC

POLAND HB Reavis has started the construction of the Forest office complex on ul. Burakowska, on the boundary of Warsaw’s Wola, Śródmieście and Żoliborz districts.

Events

Millennials now revolutionising the workplace

POLAND Millennials now dominate the employment market, so at the 10th Office Market Conference for Poland - Trends & Outlooks meeting organised by Eurobuild Conferences on May 28th 2019, sociologist Tomasz Sobierajski, a lecturer at the University of Warsaw, gave a presentation on how this generation is different.

Events

Records unlikely to be broken

POLAND Eurobuild CEE’s 10th Office Market Conference for Poland - Trends & Outlooks took place on May 28th at The Heart in the Warsaw Spire. Are investors still queuing up for assets on the Polish market? According to the first panel of the conference, they certainly are. However, the panellists agreed that the yields for the best office buildings are unlikely to fall to 4 pct.

Construction

Green light for Gdynia Waterfront

Anna Pakulniewicz

POLAND Vastint Poland has received a building permit for the first part of the second stage of its Gdynia Waterfront project.

Investment & finance

Reino teams up with RF Corval

CEE REGION Reino Capital, a commercial real estate holding company listed on the Warsaw Stock Exchange, has signed a strategic partnership agreement with Australian investment company RF Corval to invest EUR 750 mln in a common asset management platform for the CEE region.

Events

Which way to the office of the future?

Tomasz Szpyt-Grzegórski

POLAND What will the office look like in 5, 10 or 15 years’ time? Will office buildings even still be needed? And if so, in what form? These were among the topics by the panellists and guests at Eurobuild CEE’s tenth ‘Office Market Conference for Poland – Trends & Outlooks’ conference, which took place at the office of The Heart in the Warsaw Spire building on May 28th.

M4 takes on short-term Jysk leases

POLAND M4 Real Estate has been appointed to manage short-term leases of its Jysk’s warehouse space in its distribution centre in central Poland.

Residential

Skanska breaks new barriers

Opr./edited by TC

POLAND Skanska’s residential division has announced that from now on each of its new projects in Poland are to be built to meet the requirements of Fundacja Integracja [The Integration Foundation]. The foundation is dedicated to encouraging the elimination architectural barriers and creating friendly spaces for all users, regardless of their age and physical abilities.

Construction

Hub sustains minimal damage after blaze

POLAND Construction Work was suspended over the weekend on The Warsaw Hub complex as a result of a fire that broke out on Friday night in Building C.

Disappointing start of year for Romanian logistics

ROMANIA The Romanian industrial and logistics market recorded disappointing figures for Q1 this year with total leasing transactions down by over 50 pct y-o-y (almost 30,000 sqm versus 74,000 sqm in Q1 2018), according to figures from Colliers International.

Retail & leisure

Ten parks planned by Poseidon

CROATIA Poseidon Group has announced it is to open ten Capital Park retail parks across the country by the end of 2020.

Hochtief to build university building

POLAND Hochtief Polska has signed a contract for the construction of the second stage of a language laboratory for the University of Warsaw at ul Dobra 55 in Warsaw.

Orbis sells itself to Accor

Office & mixed-use development

CEE REGION Following previous announcements regarding the separation of its business lines, Orbis has decided to dispose of its service business, which includes its franchise and management agreements and has started exclusive negotiations to sell the businesses to its majority stakeholder Accor.

Shell stage reached of Gdynia warehouse-office project

POLAND WRI Investment is completing the shell stage of the Chylonia Business Park office and warehouse building in on ul. Pucka in Gdynia.

Retail & leisure

Sfinks to grow through franchises and acquisitions

Opr./edited by AZ

POLAND The Sfinks restaurant network is planning to increase the proportion of franchises that make up the entire chain to more than 60 pct. Its plans for this year also include the acquisition of minority stakes in other companies in the segment and the opening of at least 20 new restaurants.

Residential

Archicon to develop Planty Racławickie