News

POLAND Panattoni Europe is to develop an 11,300 sqm manufacturing plant for Rockwell Automation on a 3 ha sit in Katowice.

Skanska sees the end of the road

POLAND Skanska has sold eleven asphalt plants in Poland, which makes up the majority of its asphalt operations in the country, to Bouygues group subsidiary Colas for about PLN 120 mln.

Construction

Budimex makes space for Żywiec

Opr./edited by TC

POLAND Budimex has started work on its first contract for Danone –rebuilding and expanding the existing production plant for Żywiec Zdrój bottled water and beverages. The contract is worth is PLN 38.25 mln net.

Green projects

Vector green for the third time

Office & mixed-use development

Opr./edited by TC

POLAND Vector+, Profbud’s first office project, which is under construction in Warsaw’s Wola district, has been awarded a BREEAM Interim certificate with a ‘Very Good’ rating.

First topping off for Varso

Anna Pakulniewicz

POLAND HB Reavis has topped off the central building of the Varso Place complex in central Warsaw. Most of the space in Varso 1, which has reached its target height of 81m, will be occupied by a Nyx hotel.

Construction

Foundation laid for EUR 30 mln Chełm centre

POLAND The foundation stone has been laid for Galeria Chełm, a shopping centre being jointly developed by Equilis and Acteeum Group at the junction of ul. Lubelska and ul. Rejowiecka in Chełm in eastern Poland.

Investment & finance

Mousquetaires on the march

EUROPE Les Mousquetaires group has recorded a 7.7 pct increase in turnover in 2018, reaching a total of EUR 44.5 bln.

Retail & leisure

Gemini Park Tychy adds more space

POLAND Gemini Park Tychy shopping centre, which opened in Silesia in March 2018, is being prepared for expansion work. A total of 6,600 sqm of retail space is to be added to the building.

Immobile takes on PLN 20 mln for Focus

POLAND Hotel 1, an SPV of Immobile, has been granted loans worth PLN 20 mln to develop the Focus hotel in Bydgoszcz through the conversion of a former office building.

Investment & finance

Globalworth takes on WTT

Tomasz Szpyt-Grzegórski

POLAND Globalworth has officially confirmed the news broken by 'Eurobuild CEE' that the Warsaw Trade Tower (WTT) office building has changed hands.

Residential

Student housing set to grow

Rafał Ostrowski
journalist

POLAND As many as 10,000 beds are expected to be delivered to the market in new student accommodation across Poland by 2021, which will represent a 150 pct increase in supply over the next three years, says real estate advisory firm Savills.

Office & mixed-use development

White House filled up with Spaces

Alex Hayes
journalist

HUNGARY IWG has leased the final available space in GTC’s White House in Budapest for its Spaces co-working brand.

Investors seeking alternatives

EUROPE Around 57 pct of investors are currently are looking for opportunities on the private rental market, including student apartments and mixed use facilities, according to a recent survey by CBRE.

High sales for Skanska

POLAND Skanska Residential Development has announced that it sold 30 pct of the apartments it had on sale over the first two months of the year.

Construction

Builders back in profit

Alex Hayes
journalist

POLAND Medium and large-sized construction companies generated a total net profit of PLN 4.3bln in 2018, compared to PLN 2.9 bln in the previous year, according to the ‘Construction market in Poland 2019-2025’ report published by Spectis.

Investment & finance

Koreans buy two office buildings in Warsaw

POLAND Commerz Real acting on behalf of Korea-based Hana Financial Investment has acquired the first two buildings of the Lixa office complex, which is being built by Yareal on ul. Kasprzaka in Warsaw’s Wola district.

Hyatt comes back to Poland

POLAND Hyatt Hotels Corporation announced that it has entered into a franchise agreement with 3M Hotels Group to open a hotel in Kraków, marking the return of the brand to Poland.

Technology

Inditex invests in eco-tech

Opr./edited by AZ

WORLD Spanish clothing group Inditex has signed a cooperation agreement with the Massachusetts Institute of Technology (MIT) aimed at developing sustainable methods for the production of clothing. Inditex is to invest USD 4 mln in the scheme.

Residential

From lofts to a district