News

Rafał Ostrowski
journalist

POLAND In May Panattoni Europe is to start the construction of the Panattoni Park Silesia South logistics complex in Bieruń, 7 km south east of the city Tychy in the south of Poland.

Architecture and urban planning

Design chosen for Stocznia Cesarska

POLAND Stocznia Cesarska Development has adjudicated a competition to find a concept for a mobile container town to support the development of start-ups.

GPRE to leave Polish Stock Exchange

POLAND Globalworth Holding has begun the delisting of Globalworth Poland Real Estate from the Warsaw Stock Exchange. The delisting of the Polish subsidiary, which is 99.6 pct owned by Globalworth Holding should be completed by the end of the year.

Echo starts digging up Fuzja

POLAND The ground has been broken to mark the start of the Fuzja mixed-use project, which is being developed by Echo Investment on the site of a former cotton mill built by Karol Scheibler at ul. Tymienieckiego in Łódź.

Residential

Hochtief to build Orlik

POLAND Hochtief Polska has been appointed as the general contractor for the Orlik residential project on ul Rogalskiego in Warsaw.

Retail & leisure

Retailers active in Jurajska

POLAND Since 2018, 16 tenants have expanded their stores in the Galeria Jurajska mall in Częstochowa including Levi’s and Orsay this year.

Warsaw waiting for the big supply

POLAND Three office buildings a total of 20,000 sqm were completed in Q1 2019 in Warsaw, according to JLL. About 750,000 sqm of space is currently under construction. Tenant activity is expected to grow, and the market is waiting for large projects to be completed.

ABSL now in Riga

Anna Pakulniewicz

LATVIA ABSL has opened an office in Riga, its fifth location in Europe.

Interior design

Cosmo shines out

Anna Pakulniewicz

WORLD Constantin Wortmann has designed the Cosmo light fittings for Next.

Fitnie Square opens in former fortress

LITHUANIA A Fitnie Square by Galinta fitness club has been opened at 11C Juozapavičiaus street in Kaunas.

Investment & finance

Globalworth announces two purchases

POLAND Globalworth has signed a conditional agreement to acquire Retro Office House in Wrocław and Silesia Star in Katowice for EUR 113.2 million. The contracts should be finalised in July.

Hotels

First Four Points for Warsaw

Anna Pakulniewicz

POLAND The first Four Points by Sheraton hotel in Poland has opened in Warsaw.

Retail & leisure

Premium fashion in Pomerania Outlet

Opr./edited by AZ

POLAND A Good Label multibrand store is to open in the Pomerania Outlet centre in Rumia near Gdynia when it reopens in the summer – its first location in the Pomerania province.

Nexio comes to UBC II

Rafał Ostrowski
journalist

POLAND IT consultancy Nexio Management has leased nearly 800 sqm of office space at the University Business Center II office building in Warsaw’s Mokotów district.

Cordia granted over EUR 86 mln in financing

HUNGARY Futureal residential developer Cordia has signed loan agreements worth EUR 86.6 mln with OTP Bank, Takarék Group and Sberbank in order to finance five residential developments in Budapest.

Vacancy down in Prague

CZECH REPUBLIC The vacancy on the Prague office market fell in Q1 according to Prague Research Forum. It now stands at 4.3 pct down by 0.8 pp on Q4 2018.

Warehouse & industrial

Two automotive suppliers under one roof

Nathan North
managing editor (English section)

CZECH REPUBLIC Panattoni Europe is constructing a BTS production hall near Nýřany in the Plzeň region, which is to be occupied by two tenants.

Investment & finance

EPP raises EUR 90 mln for second tranche of M1 portfolio

25 April 2019

POLAND EPP has raised ZAR 1.45 bln (app. EUR 90 mln) for the second tranche of its acquisition of the portfolio of M1 shopping centres (also known as the Chariot portfolio) across Poland.

Retail & leisure

Stop Shop in Siedlce to be expanded

25 April 2019

POLAND Immofinanz has decided to enlarge its planned Stop Shop retail park in Siedlce by almost 30 pct to 14,100 sqm.

Residential

Willa Wiślana now under construction

25 April 2019