News

Retail & leisure

Dekada gets bigger in Grójec

schedule 22 August 2018
Eurobuild CEE

POLAND The Dekada shopping centre in Grójec has been opened. After the expansion the building has GLA of 8,700 sqm and the number of available units increased to 23.

Hotels

Mercure among Golden Tulips

schedule 23 August 2018
Anna Pakulniewicz

ROMANIA The Orbis Hotel Group, AccorHotels’ strategic partner in Eastern Europe, is to continue its expansion in Romania with the opening of Mercure Sibiu Airport.

Yit sells part of Pushkin plot

schedule 23 August 2018
Anna Pakulniewicz

RUSSIA Finnish residential developer and constructor Yit has sold part of a site it owns in Pushkin, south of St Petersburg, to Russian developer FSK Lider for app. EUR 15 mln.

Residential

Pikaliiva construction underway

schedule 23 August 2018
Anna Pakulniewicz

ESTONIA Merko Ehitus Eesti, part of the Merko Ehitus group, has started the construction of the Pikaliiva residential development in Tallinn’s Haabersti district.

Flexible Flex

schedule 22 August 2018
Anna Pakulniewicz

POLAND Technological parts producer Flex has prolonged and expanded its lease of warehouse and office space in Logicor Łódź II. The space it occupies in the park has increased from 31,000 sqm to 38,000 sqm. The tenant was advised by Axi Immo for this transaction.

Architecture and urban planning

Photo competition and a trip to Chicago

schedule 22 August 2018
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

schedule 22 August 2018
Anna Pakulniewicz

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

schedule 22 August 2018
Anna Pakulniewicz

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.

Office & mixed-use development

Złote Tarasy offices in demand

schedule 22 August 2018
Anna Pakulniewicz

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.

Office & mixed-use development

From Warsaw to Kraków

schedule 21 August 2018
Anna Pakulniewicz

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

Retail & leisure

Cities below 100,000 on the retail radar

schedule 21 August 2018
Anna Pakulniewicz

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.

Retail & leisure

Novel look for Terranova

schedule 21 August 2018
Anna Pakulniewicz

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

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.

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