News

Investment & finance

Palác Špork changes hands

schedule 15 March 2019
Rafał Ostrowski
journalist

CZECH REPUBLIC Generali Real Estate has acquired Palác Špork, a Baroque palace on Hybernská in the centre of Prague, from Sebre for an undisclosed price.

Hotels

Balthazar opens in Kraków

schedule 14 March 2019
Eurobuild CEE

POLAND The five-star Balthazar Design Hotel, owned by Food & Friends, has been opened in Kraków in a building at ul. Grodzka 63, which was built in the 1870s to a design by Teofil Żebrawski.

Office & mixed-use development

Warsaw among Europe’s tallest capitals

schedule 14 March 2019
Rafał Ostrowski
journalist

POLAND Currently eleven high-rise office buildings of more than 100m are under construction or in advanced preparations in Warsaw, claims real estate consultancy Cresa.

Profits up for Jerónimo

schedule 14 March 2019
Agnieszka Zielińska

POLAND/PORTUGAL/COLUMBIA Jerónimo Martins is planning to open around 60 new Biedronka stores this year.

One bid to build it all

schedule 14 March 2019
Agnieszka Zielińska

POLAND Rafako has placed the only bid in the tender to construct the Memory and Identity Museum [Muzeum Pamięć i Tożsamość] in Toruń under a design and build contract.

Retail & leisure

Gemini Park finishes food court modernisation

schedule 14 March 2019
Opr./edited by AZ

POLAND The food court of Gemini Park Tarnów has been modernised.

Retail & leisure

Pepco goes to Płońsk

schedule 14 March 2019
Opr./edited by AC

POLAND Discount clothing and household products chain Pepco is to open in the Multibox retail park, which is currently under construction in Płońsk, when it opens in the autumn.

Human resources

Reshuffling at Desilva

schedule 14 March 2019
Eurobuild CEE

POLAND The Hotele Desilva chain has announced changes to its managerial board.

Residential

Wrocław residences resuscitated

schedule 14 March 2019
Eurobuild CEE

POLAND Bouygues Immobilier Polska has resumed construction work on a residential building on ul. Drobnera in Wrocław.

Infrastructure

Shields ordered for Łódź train tunnel

schedule 14 March 2019
Opr./edited by TC

POLAND A consortium made up of Energopol Szczecin and PBDiM Mińsk Mazowiecki has ordered two TBM shields for the excavation of the cross-city rail tunnel in Łódź.

Warehouse & industrial

MLP signs up first tenant in Germany

schedule 14 March 2019
Eurobuild CEE

EUROPE Polish-based warehouse developer MLP Group has signed a lease with its first tenant in Gemany, the developer’s first logistics park in Germany.

Residential

Matexi granted building permit

schedule 14 March 2019
Rafał Ostrowski
journalist

POLAND Matexi Polska has been granted a building permit for a 180-apartment building designed for rental at ul. Puławska 186 in Warsaw’s Mokotów district.

Investment & finance

Madison set to buy Capital Park

schedule 13 March 2019
Nathan North
managing editor (English section)

POLAND US real estate investment firm Madison International Realty has signed a preliminary agreement for the acquisition of a controlling, 65.99 pct stake in Warsaw Stock Exchange listed Capital Park SA from London-based Patron Capital Partners.

Office & mixed-use development

Echo unveils plans for Towarowa

schedule 13 March 2019
Eurobuild CEE

POLAND Echo Investment has presented its plans at the MIPIM fair in Cannes for a mixed-use building concept to be built on a 6.5 ha site on ul. Towarowa in Warsaw.

Construction

Mixers on for Lixa

schedule 13 March 2019
Rafał Ostrowski
journalist

POLAND Yareal has started the construction of the Lixa office project in Warsaw’s Wola district, the general contractor of which is Porr.

Investment & finance

Saller goes for the Max

schedule 13 March 2019
Opr./edited by TC

POLAND Wrocław-based Saller Group has bought the Max strip mall at the junction of ul. Kolejowa and ul. Dworcowa in Hrubieszów in southeast Poland and is now considering enlarging the building.

Retail & leisure

Olimp-ian ambitions

schedule 13 March 2019
Opr./edited by TC

POLAND In 2018 the redevelopment of the oldest, app. 4,000 sqm section of the Galeria Olimp shopping centre in Lublin was carried out, while new tenants have also opened in the centre.

Investment & finance

Asia still looking for CEE assets

schedule 13 March 2019
Rafał Ostrowski
journalist

CEE REGION Higher prime real estate yields continue to draw East Asian investors into Central and Eastern Europe, reports Colliers International.

Investment & finance

CEREIT acquires three offices in Poland

schedule 13 March 2019
Alex Hayes
journalist

POLAND Cromwell European Real Estate Investment Trust (CEREIT) has finalised the acquisition of three offices in Poland for around EUR 69 mln.

Office & mixed-use development

Bilfinger chooses the garden

schedule 13 March 2019
Rafał Ostrowski
journalist

POLAND Engineering firm Bilfinger Tebodin has leased over 1,200 sqm in the Business Garden Warsaw complex in Warsaw’s Ochota district.

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