News

POLAND The largest retail chains have not seen a weakening in their financial results as a result of the ban on Sunday trading as many had feared claims DNB Bank Polska. Shoppers have been changing their habits.

Russian investment takes heavy hit from US sanctions

RUSSIA Total real estate investment volume in Russia in 2018 could be around USD 3.5 bln, according to JLL, with part of the decline being due to Russia's deteriorating relations with the US.

Events

The third Architecture Festival is now behind us

Office & mixed-use development

POLAND The third Architecture and Construction Festival organised by Eurobuild Conferences ended on the evening of September 19th.

Unirii View in Bucharest now open

Alex Hayes
journalist

ROMANIA Tenants have started moving into Unirii View office building, which has just been completed on Corneliu Coposu Boulevard in Bucharest in an investment of EUR 33 mln.

Immofinanz says goodbye to CA Immo

EUROPE Immofinanz has sold its 26 pct stake in CA Immobilien Anlagen (CA Immo) to a subsidiary of the Starwood Capital Group.

Green projects

Timber makes a comeback

Alex Hayes
journalist

NORWAY With 18 floors and a height of 85.4m, the world’s tallest wooden building has been topped off.

Vacancy drops in regional markets

POLAND In the first half of the year, the net absorption rate in all the regional markets across the country came to 258,500 sqm, an increase of 20 pct y-o-y and higher than the three-year average by nearly 40 pct, according to “MarketBeat: Office Space Regions,” by Cushman & Wakefield.

Investment & finance

Student housing enters the Zeitgeist

Nathan North
managing editor (English section)

POLAND Zeitgeist Asset Management has purchased an office building at ul. Solec 22 in Warsaw, which it intends to convert into student halls.

Fiege brings Schoenberger to Świecko

POLAND Logistics company Fiege will occupy 16,000 sqm in the Hillwood Świecko warehouse park on behalf of Schoenberger, an online retailer of shutters, blinds, mosquito nets, and other home & garden accessories.

Investment & finance

Harmony Office Center II sold

POLAND Harmony Office Center II, which is a complex of three office buildings on ul. Żaryna in Warsaw's Mokotów district, has been acquired by the Catalyst Core Plus European Property Fund (CCPEPF) managed by Catalyst Capital for an undisclosed sum.

The Hut Group sets up near Wrocław

POLAND The Hut Group, an online retailer of health and beauty products, is to open a production and logistics centre in Magnice near Wroclaw, its first such centre in Poland.

Residential

Eighteen months to wait for Taneczna apartments

Opr./edited by TC

POLAND Dom Development has put 81 apartments on sale in the Wille Taneczna residential estate on ul. Tanaeczna in Warsaw's Ursynów district.

Hotels

First guests for Varsovia Apartamenty Kasprzaka

Opr./edited by AZ

POLAND J.W. Construction has opened the Varsovia Apartamenty Kasprzaka aparthotel in Warsaw’s Wola district.

Retail & leisure

Karuzela starts moving

Office & mixed-use development

Opr./edited by TSG

POLAND The foundation stone has been laid for the Karuzela shopping centre in Biała Podlaska.

LPP expands in Waterside

POLAND Clothing company LPP has again decided to expand its office space in the Waterside building on ul. Długie Ogrody in Gdańsk.

Chocs away in Łódź

Opr./edited by TSG

POLAND Swiss chocolate production giant Barry Callebaut has topped off a hall for the production of solidified chocolate in its plant in Łódź.

Shopping with a robot salesman

POLAND A Wrocław start-up has created a chatbot to sell and recommend goods to shoppers.

Lidl goes modular in Kałuszyn

Office & mixed-use development

Opr./edited by TC

POLAND Lidl Polska has topped off what will be the largest distribution centre in the country, which is under construction in Kałuszyn around 60 km east of Warsaw.

ARD at work in Bydgoszcz