News

Investment & finance

White Star Real Estate buys its Liberty

schedule 27 September 2019
Alex Hayes
journalist

ROMANIA White Star Real Estate has completed the acquisition of the Liberty Technology Park in Cluj-Napoca from Fribourg Development, the real estate division of Fribourg Capital.

Investment & finance

EIB lends Warsaw PLN 1.5 bln

schedule 27 September 2019
Alex Hayes
journalist

POLAND The European Investment Bank has lent the city of Warsaw PLN 1.5 bln to finance the 16.4 km extension of the city’s second metro line.

Healthy profits for LPP

schedule 27 September 2019
Eurobuild CEE

POLAND LPP Group recorded a consolidated profit in Q2 2019 of PLN 205.48 mln, which compares to PLN 206.13 mln for the same period of the previous year.

E-commerce

Logistics firms feeling the heat from e-commerce

schedule 26 September 2019
Opr./edited by AZ

POLAND According to the recent ‘Supply Chain for E-commerce. How to Meet the Challenges’ report published by DHL Supply Chain, most logistics companies in the contract logistics sector have yet to implement a strategy for the online retail segment.

Investment & finance

No worries about online shopping

schedule 26 September 2019
Tomasz Cudowski
editor-in-chief

POLAND The growing popularity of online shopping and the Sunday trading ban in Poland have left sales and footfall in most shopping centres unshaken and they still represent an attractive proposition for investors – agreed the panellists at Eurobuild’s 5th Invested Interest – Investment Market Conference, which took place on September 9th at the Westin Hotel in central Warsaw.

Investment & finance

Second OBI in Redside’s hands

schedule 26 September 2019
Nathan North
managing editor (English section)

CZECH REPUBLIC Nova Real Estate Fund, which is managed by Redside, has completed the acquisition for an undisclosed sum of the OBI home improvement goods store in Frýdek Místek in the country’s Moravia-Silesia region, from the building’s developer PTO.

Architecture and urban planning

Top Tower to top them all

schedule 26 September 2019
Nathan North
managing editor (English section)

CZECH REPUBLIC Trigema is preparing for the construction of the tallest building in the Czech Republic – the 135m Top Tower in Prague’s Nové Butovice district.

Warehouse & industrial

M7 sells Hungary parks

schedule 26 September 2019
Alex Hayes
journalist

HUNGARY M7 Real Estate has completed the sale of a portfolio of five logistics parks across the country for its CEREF I fund.

Retail & leisure

Another chance for Bawełnianka

schedule 26 September 2019
Alex Hayes
journalist

POLAND Cushman & Wakefield has been appointed as the exclusive commercialisation agent for the Bawełnianka shopping centre in Bełchatów.

Retail & leisure

EUR 140 mln loan for Agora Budapest

schedule 26 September 2019
Rafał Ostrowski
journalist

HUNGARY HB Reavis has recieved a EUR 140 mln loan from a consortium of banks made up of Erste Group and RBI Group for the construction of the Agora office complex in Budapest.

Technology

Chatbots take on mentoring role

schedule 26 September 2019
Opr./edited by AZ

POLAND Chatbots are playing a greater role in recruitment and introducing new employees to their jobs, according to Polish human resources consultancy HRK.

Infrastructure

Via Carpathia further down the road

schedule 26 September 2019
Opr./edited by AZ

POLAND The Polish Ministry of Infrastructure has announced the start of the construction of more sections through Lubelskie and Podkarpackie provinces of the Via Carpathia route – the transnational highway scheme to connect Klaipėda in Lithuania with Thessaloniki in Greece.

Warehouse & industrial

MLP to open second park near Wrocław

schedule 26 September 2019
Eurobuild CEE

POLAND MLP is to build its second logistics park near Wrocław. MLP Wrocław West will comprise a total of 70,000 sqm gla to be built on a 16 ha site, 9 km from the city centre. site has access to the E40 road and the A8 motorway.

Hotels

Accor puts on its eco sandals

schedule 26 September 2019
Eurobuild CEE

WORLD Accor has opened its first Greet hotel in Beaune in western France and is hoping to open around 300 across the world by 2030.

Piastowska has financing

schedule 26 September 2019
Tomasz Cudowski
editor-in-chief

POLAND Terra Casa has signed a loan agreement with Mbank to finance 75 pct of the investment cost ​​of its Piastowska Residence project, which is under construction near Kraków's Błonia park.

Green projects

Imagine there’s no wastage

schedule 26 September 2019
Opr./edited by AKL

POLAND The Imagine office complex in Łódź has been awarded a BREEAM Interim Design Stage certificate with an ‘Excellent’ rating and a total score of 77 pct.

Investment & finance

Kaufland to take over from Tesco

schedule 26 September 2019
Eurobuild CEE

POLAND Kaufland has applied to the Office of Competition and Consumer Protection [UOKiK] for permission to take over five hypermarkets operated by Tesco.

Office & mixed-use development

YIT to build its first Polish offices in Gdańsk

schedule 26 September 2019
Tomasz Cudowski
editor-in-chief

POLAND Finnish developer Yit has bought a 1.55 ha plot near the European Solidarity Centre in Gdańsk where it plans to construct its first mixed-use centre in Poland.

Investment & finance

OTP Picks up Corvin Technology Park

schedule 26 September 2019
Alex Hayes
journalist

HUNGARY OTP Prime Real Estate Investment Fund has purchased the second stage of the 27,300 sqm Corvin Technology Park on the east side of Corvin Promenade in Budapest from Futureal.

America House sold to Morgan Stanley

schedule 26 September 2019
Rafał Ostrowski
journalist

ROMANIA A fund advised by Morgan Stanley Real Estate Investing (MSREI), in a joint venture with David Hay, the former CEO of AFI Europe Romania, has acquired the America House office building close to Piața Victoriei Square in Bucharest.

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