News

Warehouse & industrial

Logistics yields falls for the first time

schedule 21 August 2018
Anna Pakulniewicz

EUROPE The overall European logistics yield dropped 14 bps to 5.95 pct in Q2 2018, the first time it has fallen below 6 pct since Cushman & Wakefield began tracking the three main property sectors in 1992, according to the firm’s ‘DNA of Real Estate’ report.

Office & mixed-use development

Echo begins latest Browary building

schedule 21 August 2018
Opr./edited by TSG

POLAND Echo Investment has started the construction of Villa Offices, the second office building in its Browary Warszawskie development in Warsaw.

Investment & finance

Balmain now sole owner of BSC group

schedule 21 August 2018
Opr./edited by AC

CEE REGION Balmain Asset Management has purchased minority stakes in BSC Real Estate Advisors and BSC Property Management to become the sole owner of both companies.

Office & mixed-use development

2,000 leased in Malta Office Park

schedule 21 August 2018
Opr./edited by TSG

POLAND EPP has secured two new lease contracts for almost 2,000 sqm of office space in Malta Office Park in the central-east part of Poznań.

Warehouse & industrial

Warehousing taking off in the east

schedule 21 August 2018
Eurobuild CEE

POLAND In the first half of the year, 2.02 mln sqm of modern warehouse space was leased, of which 65 pct were new lease agreements and expansions, according to the latest Polish warehousing market report by Axi Immo.

Retail & leisure

Maxximum Stok

schedule 21 August 2018
Anna Pakulniewicz

POLAND Clothing chain TK Maxx has prolonged its lease of 2,445 sqm in the Sarni Stok shopping centre in Bielsko-Biała.

Investment & finance

How to prepare for the minimum tax

schedule 21 August 2018
Anna Pakulniewicz

POLAND The minimum tax is now calculated based on the initial value of a property minus PLN 10 mln for each building. The law that is to come into force is to change how this is calculated. PLN 10 mln is to be subtracted from a company's income. How to prepare for the law amendment says Justyna Bauta-Szostak, a tax adviser and partner at MDDP.

Hotels

Hotel and cinema in one

schedule 20 August 2018
Anna Pakulniewicz

POLAND Capital Park Group has opened a hotel at ul. Lektykarska 4 in Gdańsk’s Old Town.

RD Bud working on two Castoramas

schedule 20 August 2018
Opr./edited by AC

POLAND RD Bud has been chosen as the general contractor of the Castorama DIY store in Elbląg. The company is also refurbishing a store of thechain in Nowy Targ.

Architecture and urban planning

Zielone Tarasy instead of Galeria Wilanów

schedule 20 August 2018
Aneta Cichla

POLAND Globe Trade Centre (GTC) has amended the concept of the shopping centre that it is planning to develop in Warsaw's Wilanów district. The developer has begun the redesign of a new project under the working name Zielone Tarasy Wilanów.

Retail & leisure

Enel-Med enters Homepark

schedule 20 August 2018
Opr./edited by AC

POLAND An Enel-Med medical clinic is to open in Homepark Targówek in Warsaw at the beginning of 2019. The lease agreement for 1,000 sqm has been signed for a period of twelve years.

Technology

Dim and dimmer for slimmer bills

schedule 20 August 2018
Opr./edited by AZ

POLAND Budimex has published the results of tests of intelligent light fittings designed and manufactured by the Optical Electronics start-up it is co-operating with.

Green projects

Gold for all Adgar buildings

schedule 20 August 2018
Eurobuild CEE

POLAND All the office buildings owned by Adgar Poland are now LEED certified at the ‘Gold’ level.

Residential

Robyg starts selling in Praga

schedule 20 August 2018
Opr./edited by TC

POLAND Robyg has started the sales of apartments in its first project on Warsaw’s Praga side.

In Poland it’s all About You

schedule 20 August 2018
Eurobuild CEE

POLAND Online fashion retailer About You has launched its Polish website.

Investment & finance

EUR 100 mln for Kaufland refit

schedule 20 August 2018
Eurobuild CEE

POLAND Kaufland Polska has taken out a EUR 100 mln loan from the European Investment Bank for its previously announced plans to renovate around 50 stores in Poland.

Residential

Next stop: Grochów!

schedule 17 August 2018
Tomasz Cudowski
editor-in-chief

POLAND Dom Development has launched the sale of apartments in its Stacja Grochów residential estate in Warsaw’s Praga Południe district. The first stage will involve the construction of 138 apartments and ten retail/service units in two buildings designed in a Scandinavian-inspiredstyle.

Green projects

Carrefour lowers emissions

schedule 17 August 2018
Eurobuild CEE

POLAND Environment-friendly refrigeration systems, innovative geothermal installations and energy-efficient LED lighting – these measures aimed at reducing CO2 emissions into the atmosphere have now been introduced to almost 80 pct of Carrefour Polska’s stores.

Property and Facility Management

Globalworth takes control of its centres

schedule 17 August 2018
Opr./edited by TC

POLAND Globalworth Poland has taken over the management of part of its own portfolio from EPP. A new company, called GPRE Property Management (GPRE PM), will be responsible for comprehensive owner management services.

Warehouse & industrial

Cargo-Partner chooses Logicor Prague Airport

schedule 17 August 2018
Opr./edited by TC

CZECH REPUBLIC International logistics company Cargo-Partner ČR has leased the entire building 4 of the Logicor Prague Airport complex – a total of 12,450 sqm of warehouse and office space.

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