News

POLAND 2018 saw a record-breaking EUR 1.84 bln of investment transactions, 2 mln sqm of completed warehousing space and 3,7 mln sqm leased on the Polish warehouse market claims JLL.

Ten Square in City Forum

POLAND Ten Square Games, a mobile game developer, has leased 1,800 sqm of office space at City Forum, an office complex owned by Archicom.

Etalon still on 2018 roll

Property and Facility Management

RUSSIA Etalon has reported a 51 pct y-o-y increase in apartment sale contracts in January, which reached RUB 5.5 bln (app. EUR 73,000,000).

BALTIC STATES Merko Ehitus has posted revenue of EUR 119.2 mln for Q4 of 2018 and its 12-month revenue figure came to EUR 418 mln. The group’s net profit for Q4 2018 was EUR 7 mln and the 12-month net profit was EUR 19.3 mln.

Three properties under C&W management

POLAND/CZECH REPUBLIC Cushman & Wakefield is to take over the property management of two AEW centres in Poland: the Klif shopping centre in Gdynia and Klif Tower (including the Klif House of Fashion) in Warsaw. Under the same deal, AEW has also appointed it to be the property manager for Myslbek mixed-use centre in Prague.

Investment & finance

Salini Impregilo offers to rescue Astaldi

EUROPE Italian general contractor Salini Impregilo has made a bid to acquire a 65 pct stake in its competitor Astaldi.

Two tenants for AFI

Property and Facility Management

ROMANIA Co working space provider New Work and Afcon Electra Romania, a company that specialises in installing HVAC systems, have both signed leases in AFI Tech Park 1 in Bucharest and now the property is around 80 pct leased.

BNP takes on Vipol Plaza

BNP Paribas Real Estate will be the exclusive agent responsible for leasing the vacant space in the Vipol Plaza office complex.

Eastern Europe among top-five software development hubs

CEE REGION With CEE tech talent now recognised as world-class, the regional export software development industry experienced a significant spike in mergers and acquisitions and private equity activity in 2018.

Retail & leisure

Paw Patrol comes to Poland

POLAND Children's entertainment company Spin Master is to open a sales and marketing office in Warsaw.

More bonds from Echo

POLAND Echo Investment is to issue bonds for individual investors with a total face value of PLN 40 mln.

Investment & finance

The Hub goes abstract

POLAND A large picture created by abstract artist Łukasz Stokowski has been hung from the rising structure of The Warsaw HUB office centre development.

Investment & finance

Skanska keeps busy

POLAND Over 2018, Skanska sold five office buildings and started construction work on seven more.

CTP hits 1 mln sqm

ROMANIA CTP is the first developer to build up a portfolio of 1 mln sqm of warehouse space in Romania.

Second life for old factory

Anna Pakulniewicz

POLAND Echo Investment will convert the cotton mill built by Karl Scheibler on ul. Tymienieckiego in Łódź’s Księży Młyn district into a mixed-use development. Medusa Group is responsible for the architectural design of the project.

Land prices rising fast

POLAND A decreasing supply of attractive land combined with growing prices is forcing developers to Invest in land that already has buildings that either require demolition or renovation, according to real estate consultancy JLL.

Echo launches Malthouse Apartments sales

POLAND Echo Investment has started unit sales for its Malthouse Apartments project, which is part of the Browary Warszawskie mixed-use complex currently under construction in Warsaw’s Wola district.

Public buildings

Warsaw appoints Warbud to build art museum

Anna Pakulniewicz

POLAND Warbud has been appointed as the general contractor for the Museum of Modern Art on pl. Centralny square in Warsaw.

H&M on the mend

WORLD H&M has seen an improvement in its financial results for the 2018 financial year (December-November) after having restructured and invested in multichannel sales.

Gino Rossi comes to agreement with CCC