News

POLAND DHL Express has opened its latest logistics centre in Kraków.

Retail & leisure

Stara Mydlarnia on the look-out for franchisees

POLAND Cosmetics brand Stara Mydlarnia is looking for franchisees.

Segro goes shopping in Wrocław

POLAND SELP, a joint venture of Segro and the Public Sector Pension Investment Board of Canada, has applied to the competition authorities of the European Commission for approval to acquire Dafne 6, an SPV of 7R, which owns 7R Park Wrocław logistcs centre.

Construction

Strabag awarded metro contract

Alex Hayes
journalist

HUNGARY Strabag has been awarded a contract worth HUF 24.7 bln (app. EUR 76 mln) to renovate the southern section of the M3 metro line in Budapest.

Strabag renegotiates EUR 2.4 bln loan

EUROPE Strabag has announced that it has refinanced two loans totalling EUR 2.4 bln.

Answear comes to 7R Park Kraków

POLAND WearCo, the owner of the online fashion store Answear.com, has leased 41,000 sqm in the 7R Park Kraków logistics park.

Warehouse & industrial

Solar power comes to Goodman park

POLAND Solar cell manufacturer SMA Magnetics has leased almost 14,000 sqm at Goodman Kraków Airport Logistics Centre in Modlniczka near Kraków.

Nationale exits Globalworth Poland

POLAND Globalworth has acquired 16.5 mln shares in its Polish subsidiary (over 3 pct stake) Globalworth Poland for EUR 26.4 mln from Nationale-Nederlanden.

Allianz makes EUR 110 mln purchase

22 December 2018

CZECH REPUBLIC Allianz Real Estate has acquired the Trimaran and Element buildings from the Austrian developer S+B Gruppe AG for a total of EUR 110 mln.

Ronson to build Wilanów apartments

Opr./edited by AZ

POLAND Ronson Development has signed a contract for the purchase of estate site in Warsaw's Wilanów district, where it intends to build almost 160 apartments.

Residential

Villa Nova from Lokum

Opr./edited by TC

POLAND Lokum Developer has started sales for the Lokum Villa Nova project on ul. Jaskółcza in Wrocław’s Kowale district.

Residential

Living on the runway

POLAND Budimex Nieruchomości is starting the construction of the Zaspa VVita estate on the runway of the former Gdańsk-Wrzeszcz airfield.

Wojas steps into Bartek’s shoes

Opr./edited by AZ

POLAND A majority stake in children’s footwear producer Bartek has been bought by another Polish footwear brand, Wojas.

Retail & leisure

Atut to open in Wieliczka

Opr./edited by AC

POLAND An Atut shopping centre is to be developed on ul. Krakowska in Wieliczka (Małopolska) by KG Group, which currently operates four centres under this brand and has others under preparation. The building will have 18,000 sqm of retail space and 30 units.

MLP doubles profits

POLAND Warehouse developer MLP Group has recorded a net profit of PLN 92.4 mln for 2018, up 95 pct on 2017.

Investment in Europe to stay sky high

EUROPE European commercial real estate investment volumes are forecast to reach EUR 230 bln by the end of the year, according to the latest research by Savills.

Record results reported by Inditex

WORLD Net sales at Inditex rose 3 pct last year to top EUR 26 bln. Revenue from online sales increased by 27 pct to EUR 3.2 bln with online net profit rose by 2 pct to EUR 3.44 bln.

Echo investors consider their options

POLAND Echo Investment has announced that its largest shareholders, Lisala and Echo Partners (both subsidiaries of Griffin Real Estate, Oaktree and Pimco), are re-considering their interest in the listed development company.

Hotels

First hotel from Budnex

Opr./edited by TC

POLAND Gorzów Wielkopolski-based Budnex has completed the development of its first hotel: the three-star Bulvar, which has been built close to Gorzów cathedral. Bulvar, which will start welcoming guests this March, is situated among nineteenth-century townhouses along ul. Łużycka.

Technology

SafeSize ready for global expansion