News

More minority shareholders object to Atrium buyout

schedule 04 September 2019
Alex Hayes
journalist

CEE REGION ICAMAP Investments has written a letter to Gazit Globe stating that it objects to the price offered for the remaining shares of Atrium European Real Estate and demands that the company be revalued before it will agree to sell its minority stake of 1.38 pct.

Green projects

Fitwel enters Poland

schedule 03 September 2019
Opr./edited by AKL

POLAND Buma is applying for a Fitwel certificate for the construction of the Wadowicka 3 office complex in Kraków. Building A, which is one of three planned buildings, will be the first project in Poland to be registered under Fitwel.

More Cromwell in CPRF

schedule 03 September 2019

POLAND Cromwell Property Group has bought out the outstanding stake in its Cromwell Polish Retail Fund (CPRF) after exercising its right of first purchase to acquire the third-party investor interest in the fund.

Trei picks up steam

schedule 03 September 2019
Eurobuild CEE

WORLD Property developer and investor Trei Real Estate has announced an increase in its development volume to EUR 730 mln over the first half of 2019, up by EUR 45 mln since the end of 2018 (December 2018: EUR 685 mln). This represents a y-o-y rise of EUR 230 on the EUR 500 mln of H1 2018 (46 pct).

Acessibility signed into law

schedule 03 September 2019
Eurobuild CEE

POLAND An act has been signed by the president to set up an Accessibility Fund is to finance improvements to the accessibility for the disabled and the elderly in government offices.

EurobuildCEE

Tom Tailor in Galeria Północna

schedule 03 September 2019
Eurobuild CEE

POLAND German clothing store Tom Tailor has opened its fourth store in Warsaw in the Galeria Północna shopping centre.

Brands expand in Millenium

schedule 03 September 2019
Eurobuild CEE

POLAND Mohito, Sinsay and Vistula brands have reopened and enlarged their stores in the Millennium Hall in Rzeszów.

Construction

Nova Królikarnia Totally topped

schedule 03 September 2019
Opr./edited by TC

POLAND General contractor Totalbud has topped off the Nova Królikarnia residential project in Warsaw, which is being developed by Ronson Development.

Office & mixed-use development

Baltic Horizon Fund to buy North Star

schedule 03 September 2019
Alex Hayes
journalist

LITHUANIA Northern Horizon Capital has signed an agreement on behalf of its Baltic Horizon Fund to acquire the North Star business centre in Vilnius from the Prosperus Strategic RE Fund for around EUR 20.7 mln.

Office & mixed-use development

ING moves into Expo Business Park

schedule 03 September 2019
Alex Hayes
journalist

ROMANIA The first of three buildings to be delivered at Expo Business Park in Bucharest has been completed and is now occupied by ING Bank.

Office & mixed-use development

ConvergenCE buys Buda office building

schedule 03 September 2019
Alex Hayes
journalist

HUNGARY Budapest-based commercial real estate investor and developer ConvergenCE has announced that it has bought the Central Business Center office building on Horvát street in Budapest’s district 2 from Immofinanz. The price has not been disclosed.

Retail & leisure

Stokrotka opens in Piaseczno

schedule 03 September 2019
Alex Hayes
journalist

POLAND A Stokrotka store is to open in Piaseczno just outside Warsaw.

Investment & finance

Moore Stephens merged into TPA Poland

schedule 02 September 2019
Rafał Ostrowski
journalist

POLAND More than 60 tax, accounting and audit specialists so far employed by Moore Stephens Central Audit, are tojoin the Warsaw office of tax advisory TPA Poland, which has merged with the company.

Skyscanner stays in K6

schedule 02 September 2019
Eurobuild CEE

HUNGARY Online travel fare aggregator Skyscanner has renegotiated its 1,000 sqm lease in the K6 Office Building in Budapest and has signed a five-year extension.

EurobuildCEE

Top 5 stories of the week

schedule 02 September 2019

EUROBUILD CEE It was news from Poland dominated the last week of August.

High FDI in CEE

schedule 02 September 2019
Eurobuild CEE

CEE REGION According to data from Colliers International the Global Fortune 500 companies in the CEE region (Poland, The Czech Republic, Hungary, Romania, Slovakia and Bulgaria) are largely from the Automotive, Industrials, Food, Beverages & Tobacco, Telecom & Media and Transportation sectors.

Investment & finance

FLE buys Metro cash & carry portfolio

schedule 02 September 2019
Rafał Ostrowski
journalist

POLAND/HUNGARY/CZECH REPUBLIC Vienna-based asset management company FLE has bought eleven stores under the Makro Cash & Carry brand in Poland and Hungary and under the Metro Cash & Carry brand in the Czech Republic from Metro Group in a sale and leaseback deal worth over EUR 250 mln.

Residential

Nové Chabry estate expands

schedule 02 September 2019
Eurobuild CEE

CZECH REPUBLIC Israeli developer Star Group is expanding its Nové Chabry estate in the eighth district of Prague.

Technology

Innogy meters get smart

schedule 02 September 2019
Opr./edited by AZ

POLAND Over 1,500 smart electricity meters that can be read remotely have been installed in Warsaw buildings. The new system is based on the LTE-M protocol and was developed by Innogy’s Laboratory of Things, which was set up in 2018.

Retail & leisure

Swedish burgers come to Poznań

schedule 02 September 2019
Agnieszka Zielińska

POLAND Max Premium Burgers chain has opened its first restaurant in Poznań at ul. Hetmańska 82a and the chain now operates from five locations in Poland.

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