News

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

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

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

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

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

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

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

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

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

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.

Construction

Three permits issued for Rail Baltica

Anna Pakulniewicz

LATVIA The State Railway Technical Inspectorate has issued three permits to Eiropas Dzelzceļa Līnijas to construct a station, embankment and bridge for the Rail Baltica Riga project.

Investment & finance

pbb refinances Futurama

CZECH REPUBLIC Caerus IM on behalf of and together with,a private separate account client has concluded the third phase of a medium-term acquisition and re-financing debt facility with Germany’s pbb Deutsche Pfandbriefbank for ‘Futurama Business Park’ in Prague 8. The total value of the loan has not been disclosed.

Investment & finance

Union Investment buys two Holiday Inn hotels in Poland

Rafał Ostrowski
journalist

POLAND Hamburg-based real estate investment manager Union Investment has announced the purchase of two hotel properties on behalf of two of its funds from UBM for EUR 80 mln. The properties, include the Holiday Inn Gdańsk City Centre project, which is being built in Gdańsk and the recently opened Holiday Inn Warsaw City Centre in the capital.

Office & mixed-use development

Smartphones in Bredovský dvůr

Office & mixed-use development

CZECH REPUBLIC Online smartphone retailer Smarty CZ has leased 700 sqm in the Bredovský dvůr office building in Prague 1 and as a result the office building is now 95 pct leased

FLE buys Residence 1 and 2

HUNGARY FLE, which is part of the LFPI group, has acquired two office properties, Residence 1 and Residence 2, at Kacsa utca 15-23 / Ganz utca 16 in Budapest for its FLE SICAV FIS fund.

Interior design

Coty with more space

Anna Pakulniewicz

POLAND Spaceplan has redesigned and refurbished the newly enlarged offices of Coty on the fifth floor of the Ambassador building on ul. Domaniewska in Warsaw.

Hotels

Luxury comes to Spichrzów Island

Tomasz Cudowski
editor-in-chief

POLAND Dekpol has begun work on the Grano Residence project on the Spichrzów Island in Gdańsk. Around 300 luxury apartments are to be built as well as aparthotel rooms and service retail space.

Residential

Panoramika third stage completed

POLAND Ronson Development has started handing over apartments in the third stage of the Panoramika estate in Szczecin.

No more ‘Apartments for the Young’

POLAND Only 38 hours is how long it took to allocate the final PLN 381 mln pool of the government’s ‘Apartments for the Young’ programme.

EPP prepares another acquisition