News

Retail & leisure

Fewer stores, higher turnover

schedule 24 January 2018
Aneta Cichla

POLAND In December 2017 the retail area of Redan reduced its fashion retail area for brands such as Top Secret, Troll and Drywash by 11 pct but its revenue for the month was up by 1 pct y-o-y to app. PLN 26 mln.

Benefit Systems without Calypso

schedule 24 January 2018

POLAND Benefit Systems has informed the Office of Competition and Consumer Protection [UOKiK] that it will no longer attempt to takeover Calypso Fitness due to the concerns raised by the competition authority about a possible reduction in competition on the market for sports and recreational packages offered to employers.

Good quarter for Inpro

schedule 24 January 2018

POLAND The Inpro group signed preliminary sales contracts for 739 apartments net between January and December 2017, up by 90 pct y-o-y.

Retail & leisure

Dino to open 1,200 stores by the end of 2020

schedule 24 January 2018

POLAND In 2017 Dino Polska, opened 147 Dino grocery stores in 12 provinces. Its total sales area came to over 295,000 sqm at the end of 2017, representing a 23.8 pct increase y-o-y.

Lokum buys grain plant

schedule 24 January 2018

POLAND Olczyk Lokum 13 A subsidiary of Lokum Deweloper has purchased the perpetual usufruct to a former industrial complex of Polskie Zakłady Zboźowe [Polish Grain Plant] on ul. Klimeckiego in Kraków.

Investment & finance

Slovak investor enters Poland

schedule 24 January 2018
Rafał Ostrowski
journalist

POLAND Real estate investment fund ZFP realitní fond managed by ZFP Investments, which is part of the Slovak asset manager IAD Investments, has finalised the acquisition of the Kotlarska 11 office project in Kraków from UBM for EUR 30 mln.

Office & mixed-use development

Solteq leases space in Wrocław 101

schedule 24 January 2018
Rafał Ostrowski
journalist

POLAND Finnish IT company Solteq has leased almost 600 sqm of space in the Wrocław 101 office building in Wrocław.

Office & mixed-use development

MBank flits to Butterfly

schedule 24 January 2018
Nathan North
managing editor (English section)

CZECH REPUBLIC MBank is to move its Prague head office from the Futurama Business Park to Butterfly (formerly AFI Karlín) in Prague’s Karlín district.

Hotels

MGallery enters the Balkans

schedule 24 January 2018
Anna Pakulniewicz

BOSNIA-HERZEGOVINA The first MGallery by Sofitel hotel has opened in the Balkans.

Retail & leisure

Glorious gastronomy in the granary

schedule 24 January 2018
Anna Pakulniewicz

POLAND Słony Spichlerz – Restaurant Market, a new restaurant concept, is to feature in Deo Plaza, the refurbished historicl Deo Gloria granary on Spichrzów Island in Gdańsk.

Hotels

Radisson Blu to open in Timișoara

schedule 23 January 2018
Alex Hayes
journalist

ROMANIA The Rezidor Hotel Group has announced it has signed a contract with Mulberry Development to open the Radisson Blu Timișoara, the European Capital of Culture for 2021.

Trams to come to Naramowice

schedule 23 January 2018
Eurobuild CEE

POLAND The city of Poznań is to build a new tramway to the Naramowice estate with the construction work to begin in the middle of the year.

Road improvements from Legionowo to Zegrze

schedule 23 January 2018

POLAND The Ministry of Infrastructure and Construction has is preparing to redevelop a section of nearly 5km of national road no. 61 between Legionowo and Zegrze, which is one of the main exit routes from Warsaw to Masuria

Atal with rising sales

schedule 23 January 2018
Eurobuild CEE

POLAND Atal signed contracts for the sale and reservation of 2,787 apartments in 2017, up by 14 pct on the previous year (2435 contracts).

Public buildings

Back to school in Vilnius

schedule 23 January 2018
Eurobuild CEE

LITHUANIA In 2018, seven modular nursery schools will be built in Vilnius, with places for around 900 children with an estimated construction cost of app. EUR 7.3 mln.

Dom Development announces preliminary results

schedule 23 January 2018
Eurobuild CEE

POLAND Dom Development has announced preliminary results of 3,975 apartments net sold in 2017, which includes 1,049 in Q4.

Construction

Mostostal Warszawa revitalises in Łódź

schedule 23 January 2018
Tomasz Cudowski
editor-in-chief

POLAND Mostostal Warszawa has signed a design and build contract worth almost PLN 29 mln to revitalise a complex of historic buildings at ul. Tuwima 46 in Łódź.

Kraków Special Economic Zone with new investors

schedule 23 January 2018

POLAND On the 27th of December 2017 the Kraków Special Economic Zone issued permits for two companies to set up in the Kraków Technological Park in Jędrzejów, which has been a subzone of the SEZ since 2016.

Warehouse & industrial

GTFL moves into Hillwood Błonie I

schedule 23 January 2018
Alex Hayes
journalist

POLAND Polish logistics operator GTFL has moved into Hillwood Błonie I, a 23,500 sqm logistics park in Błonie, 31 km west of the Polish capital.

Investment & finance

InfoPark A changes hands

schedule 23 January 2018
Alex Hayes
journalist

HUNGARY Diófa Alapkezelő has bought the 14 000 sqm InfoPark A office building on behalf of the Magyar Posta Takarék Real Estate Investment Fund from CA Immo.

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