News

RUSSIA Pharmaceutical company MSD has leased 4,000 sqm in the Demidow office building, which is being built as part of the Krasnaya Roza business complex in Moscow, under development by the Russian investor KR Properties.

Media Markt expands in bricks and bytes

POLAND Media Markt is to launch its third electronics store in Gdańsk in the Forum Gdańsk shopping centre.

Prime office rents on the rise

EUROPE European prime office rents saw an average y-o-y rental increase of 6 pct in 2017, their fifth consecutive year of growth and they show no sign of abating for at least another three years, claims Savills.

Zdrofit opens in Kielce

Corporate social responsibility

POLAND Fitness club chain Zdrofit opened in Galeria Korona in Kielce on March 7th this year.

LPP cares for workers in Bengali

BENGAL/POLAND LPP has decided to sign the Transition Accord under the Accord initiative. Its main goal will be to prepare the Bengali government to supervise and inspect factories and to ensure that measures taken to permanently improve working conditions are implemented.

Alior provides finance in Rzeszów

POLAND Developres has obtained bank financing to construct the next stage of the SkyRes project on ul. Lubelska in Rzeszów.

Good results and ambitious plans for CDRL

POLAND In January, CDRL the owner of baby clothes retailer Coccodrillo. recorded a 21 pct increase in retail sales in Poland and a 124 pct increase in online sales y-o-y.

Warehouse & industrial

Volkswagen to restructure distribution network

POLAND Volkswagen Group Polska is planning to restructure its distribution chain in Poland.

Technology

Shut up or it's curtains

Anna Pakulniewicz

POLAND Voice control is a new feature in the Smart Home automation system from the Oknoplast group.

Hotels

Ossa up for sale again

Anna Pakulniewicz

POLAND The new leaseholder of the Ossa hotel is Horest Hotel Pod Żaglami.

Technology

House and apartment under control

POLAND Fortum has introduced a service called Fortum SmartLiving, which integrates the remote management of apartments and buildings.

Ptak Outlet grows in strength

POLAND In 2017, the turnover and footfall of Ptak Outlet in Rzgów increased by 28 pct and 16 pct respectively compared to 2016.

Poland’s largest fitness club to open

POLAND German fitness club operator Fit/One is to debut on the Polish market.

AERE to invest EUR 330 mln in Poland

Property and Facility Management

POLAND Atrium European Real Estate (AERE) is to spend EUR 330 mln on shopping centre redevelopments in Poland, which will increase the size of its current 21-asset portfolio by 70,000 sqm.

Colliers takes Vox

Alex Hayes
journalist

ROMANIA Colliers International has been appointed by Werk Property Group to manage the Vox Technology Park in Timișoara. With the contract Colliers office management portfolio has increased by 10 pct to 280,000 sqm out of a total managed portfolio of 380,000 sqm.

LPP to focus on quality development

WORLD. Polish clothing chain LPP is to allocate around PLN 520 mln for investment in 2018, about 18 pct more than a year ago. Expenditure on stores will amount to PLN 350 mln, on offices PLN 95 mln, and on logistics and IT PLN 75mln.

Leases signed with Griffin Premium RE

POLAND Griffin Premium RE, which has recently been rebranded to Globalworth Poland, has announced a number of new leases in its office buildings.

Echo issues more bonds

POLAND Echo Investment has decided to launch a series of bond issues worth up to PLN 400 mln on the Catalyst market.

Platan extension attracts tenants

Office & mixed-use development

POLAND The Platan shopping centre in Zabrze, which is owned by NEPI Rockcastle and currently under reconstruction, has acquired a number of new tenants.

Arcadis chooses West Station