News

Investment & finance

Profits up for PHN

schedule 01 April 2019
Eurobuild CEE

POLAND Polski Holding Nieruchomości (PHN) has recorded a net profit of PLN 47.8 mln for 2018. The company is now planning to start construction of a 150m skyscraper in Warsaw in H1 this year.

Office & mixed-use development

DNB stays in Marynarska

schedule 01 April 2019
Alex Hayes
journalist

POLAND DNB Bank Polska has renewed its 3,000 sqm lease agreement at Marynarska Point II on ul. Postępu in Warsaw.

Retail & leisure

New Look closes in Poland

schedule 01 April 2019
Opr./edited by AZ

POLAND The Polish subsidiary of British fashion retailer New Look chain has applied for insolvency. The brand has been present on the Polish market for ten years and had around 19 boutiques in the country.

Office & mixed-use development

Kraków ripe for Revolut-ion

schedule 01 April 2019
Opr./edited by TC

POLAND Revolut has leased 5,300 sqm in building A of the Podium Park office complex in Kraków. This will be the largest service centre of this company in Europe, when the company moves into its new headquarters this June.

Retail & leisure

Delta Planet Varna now open

schedule 01 April 2019

BULGARIA The Delta Planet mall in Varna has officially been opened.

Atenor to build in Bucharest

schedule 01 April 2019

HUNGARY Atenor has bought plots at Becsi 68-70 and Becsi 74-80 in Budapest’s district 3 with a total area of around 5,000 sqm where it plans to build a three storey office building.

Hotels

Accor to manage tallest hotel in Bucharest

schedule 01 April 2019

ROMANIA Business Hotels Investment, which is part of the Niro Investment Group, has started the construction of Swissôtel Bucharest, which is to be the city’s tallest hotel on Expozitiei Boulevard.

Investors look closer at CEE hotels

schedule 29 March 2019
Anna Pakulniewicz

EUROPE Strong demand has led to higher hotel yields in a number of Eastern European markets, making them more attractive for those prepared to accept more risk.

Hotels

BaseCamp under construction in Łódź

schedule 29 March 2019
Opr./edited by TC

POLAND BaseCamp is to build its second private student hall in Łódź. The 631-room building will be located at ul. Rembielińskiego 16/18. Mostostal Warszawa has been awarded a PLN 90 mln net contract to be the general contractor for the project.

Retail & leisure

Spring changes for Klif Gdynia

schedule 29 March 2019
Opr./edited by AZ

POLAND New brands and new services are to open in the Klif shopping centre in Gdynia. Some stores will be enlarged, while others are to be relocated within the centre.

Residential

Six-hundred sold in Cztery Pory Roku

schedule 29 March 2019
Opr./edited by TC

POLAND Archicom has started selling the latest stage of its Cztery Pory Roku estate in the Jagodno new district development in Wrocław.

Office & mixed-use development

Retro style for Olympus

schedule 29 March 2019
Opr./edited by TC

POLAND A new branch of Olympus Business Services Europe (OBSE) has been officially opened in Wrocław. The company has occupied almost 5,400 sqm in the Retro Office House, which is owned by LC Corp.

Public buildings

Papricana remade

schedule 29 March 2019
Opr./edited by TC

POLAND Szczecin city council has signed the contract with a consortium of Doroca and PBG, which won the tender to reconstruct the city stadium and build the Children’s and Youth Training Centre [Centrum Szkolenia Dzieci i Młodzieży]. The costs for the project will amount to PLN 364.4 mln, of which PLN 261.2 mln will be for the construction of the stadium.

Warehouse & industrial

ELP Holdco buys all of Panattoni Łódź park

schedule 29 March 2019
Opr./edited by TC

POLAND Dutch company ELP Holdco (Poland) has bought out all the shares in PDC Industrial Center 80, which is building Panattoni Park Łódź East VII in Natolin near Łódź. The companies have signed the final share sale agreement.

Office & mixed-use development

Hexagon nears completion in Cluj Napoca

schedule 29 March 2019
Alex Hayes
journalist

ROMANIA The 20,000 sqm Hexagon Offices building in Cluj Napoca, owned by Kész International is scheduled for completion in June 2019.

Marriott to open 1,700 hotels

schedule 29 March 2019
Eurobuild CEE

WORLD Marriott International is planning to open 1,700 hotels by 2021.

Slow traffic around Poznań

schedule 29 March 2019

POLAND Work has begun on adding a third lane to each carriageway of the Poznań bypass with completion scheduled for the end of the year.

Retail & leisure

Decathlon enlarges in Magnolia Park

schedule 29 March 2019
Opr./edited by AZ

POLAND The Decathlon store in the Magnolia Park mall in Wrocław has gained an additional floor and now has a sales area of over 4,000 sqm.

Meet & Fit looking to expand

schedule 29 March 2019
Agnieszka Zielińska

POLAND The Meet & Fit restaurant chain is to open six new branches soon and is currently looking for both new locations and franchisees.

Office & mixed-use development

13-storey office tower to rise in Katowice

schedule 29 March 2019
Rafał Ostrowski
journalist

POLAND DL Invest is to start construction work on an office building as part of the DL Center Point III complex on ul. Korfantego in Katowice at the beginning of July.

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