News

Magda Rachwald

POLAND Ikea has opened an Ikea for Companies centre in Warsaw, where businesses can go for advice on how to furnish their workspaces.

Hotels

Grand hotel in 35 months

19 October 2017

POLAND A building permit has been granted for the renovation of the historic Grand hotel on ul. Piłsudskiego in Wrocław.

Warehouse & industrial

POLAND Tenant demand for modern logistics and manufacturing space in Poland is growing rapidly. In H1 2017, warehouse supply totalled 707,000 sqm while take-up hit a record high of 1,786,000 sqm, claims Cushman & Wakefield in its “Marketbeat: Polish Industrial Market in H1 2017” report.

Residential

Sail unsold

Tomasz Cudowski
editor-in-chief

BELRAUS BPS Sberbank has put up for auction 23 luxury apartments in the first modern residential tower in Belarus – the 34-storey Parus building in Minsk.

Interior design

MP Polska furnishes Six

POLAND Swiss banking sector company Six, which has located its new offices in Warsaw in the Proximo building developed by Hines, has unveiled its interiors.

Technology

.Ktw virtually viewed

POLAND TDJ Estate’s .Ktw skyscraper project in Katowice can now be viewed in full using software integrated with an urban planning scale model.

Construction

Slab completed for Mennica

POLAND Warbud, the general contractor for the Mennica Legacy Tower development in Warsaw, has completed the 8,400 sqm foundation slab of the buildings.

More communication in the WFC

POLAND Telecommunication services provider Truphone, has leased 450 sqm of offices in the Warsaw Financial Center.

Residential

Murapol breaks quarterly record

POLAND Murapol is another Polish residential developer that has published impressive apartment sales results for Q3 and the first three quarters of the year.

Marvipol on course to sell 700 homes

Tomasz Cudowski
editor-in-chief

POLAND The Marvipol Group has published its sales results for Q3 and the year so far. In Q3 the group sold 208 apartments and between January to September (inclusive) sold 572 apartments – an increase of more than a third year-on-year. Just in September the developer sold 105 housing and retail/service units – 119 pct more than in the same month a year ago.

CCC and Martes Sport in Tkalnia

POLAND Two new tenants have signed up for space in the Tkalnia shopping and entertainment centre in Pabianice a year before its opening – CCC and Martes Sport, which will together occupy a total of 2,000 sqm.

Residential

Profitable year for Atal

POLAND Residential developer Atal sold 2,041 apartments in the first three quarters of 2017 – 16 pct more than in the same period last year, while in Q3 alone it sold 682 units. The company expects to sell between 2,700 and 2,900 homes over the entire year.

Street renovation gives no boost to Moscow retail

RUSSIA The completion of high street renovation work, as part of 2017 My Street city renovation programme, has not yet triggered a rise in retail occupancy, claims JLL.

MMG to develop outlet village

POLAND Master Management Group is planning to build Forest Park Outlet in Łomna near Warsaw. This is to be the first village type outlet centre in Poland.

Immochan to build retail park onto mall

POLAND Retail Park Sosnowiec, a new project by Immochan, is to be built in Sosnowiec.

Dom Development with preliminary results

POLAND Dom Development has published its preliminary sales results for Q3 this year which for the first time include the sales of Euro Styl, which the developer took over in June this year.

Młociny signs up electronics retailer

POLAND Electronics retailer MediaMarktSaturn Polska has signed a lease in the Galeria Młociny shopping centre for a store of its Media Markt brand.

Berlin Hyp’s EUR 500 mln green bond oversubscribed

19 October 2017

EUROPE In just two and a half hours 138 orders worth around EUR 1.3 bln were made for Berlin Hyp’s ten year green bond. The bond issue worth EUR 500 mln offers a coupon of 1.125 pct and was rated A1 and A+ by Moody’s and Fitch respectively.

Investment & finance

Money for Galeria Młociny

POLAND Echo Investment and Echo Polska Properties have been granted a loan worth EUR 175 mln as well as a VAT loan of PLN 34 mln by a consortium of banks including Bank Zachodni WBK (which acted as the agent) as well as PKO Bank Polski and Bank Gospodarstwa Krajowego.

Prologis sets up megafund