News

Nathan North
managing editor (English section)

POLAND The ‘Warsaw and its Legacy’ photographic competition has been launched by Golub GetHouse and Mennica Polska – the investors behind the Mennica Legacy Tower office project now under development at the corner of ul. Prosta and ul. Żelazna in central Warsaw. ‘Eurobuild CEE’ and NaszeMiasto.pl are the media partners of the competition.

PDS in Budapest

HUNGARY Cushman & Wakefield expanded its Project and Development Services (PDS) team, to include a new Design and Build platform.

Hotels

Felipe Gedeón, Selina: We are searching for properties in several markets

POLAND Eurobuild CEE talked to Selina's Felipe Gedeón, new markets lead for Europe, about the strategy of the hospitality chain entering the Polish market. Selina, a chain that combines the style of boutique hotels with features characteristic of the social life of hostels, is to be launched in Poland and Hungary.

Złote Tarasy offices in demand

POLAND In the first half of 2018, tenants signed lease contracts for a total of app. 8,000 sqm in the Lumen and Skylight office buildings, which form part of the Złote Tarasy multi-functional complex in centre Warsaw.

From Warsaw to Kraków

POLAND Cresa, the tenant-only real estate consultancy, has opened an office in Kraków.

Cities below 100,000 on the retail radar

POLAND More than 180,000 sqm of retail space was added to the market in H1 2018 and another 330,000 sqm is expected to be completed by the year-end, according to Cushman & Wakefield’s MarketBeat report on the Polish retail market. The numbers represent an increase of over 25 pct y-on-y, bringing Poland’s total retail stock to more than 14.8 mln sqm. The new supply will be concentrated in cities with fewer than 100,000 inhabitants, accounting for 40 pct of this year’s openings.

Novel look for Terranova

POLAND For its 30th anniversary, Italian fashion brand Terranova has unveiled its new look, with the first Polish store with the new layout to open in the Libero shopping centre in Katowice.

Warehouse & industrial

Logistics yields falls for the first time

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.

Echo begins latest Browary building

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

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.

2,000 leased in Malta Office Park

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

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.

Maxximum Stok

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

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

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

RD Bud working on two Castoramas

Architecture and urban planning

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.

Zielone Tarasy instead of Galeria Wilanów

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.

Enel-Med enters Homepark

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

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