News

POLAND Eurocash has signed a letter of intent to purchase of Demelius which owns 180 Mila supermarkets across Poland.

Seven stores go Blue

POLAND Seven tenants have opened stores in Warsaw’s Blue City shopping centre in Warsaw since April.

TriCity: more shopping centres to be opened

POLAND The TriCity has 27 shopping centres with a combined area of 724,000 sqm. In H1 2018 this will increase by 62,000 sqm with the Forum Gdańsk shopping centre which belongs to Multi Poland, according to Colliers International.

LS Cable & System to come to Poland

POLAND Korean-based LS Cable & System is considering locating a production plant in Poland, reports Korean media.

Reserved enlarges in Focus Mall Piotrków

Property and Facility Management

POLAND An enlarged Reserved store is to be opened in the Focus Mall shopping centre in Piotrków Trybunalski this November.

Colliers takes over The Landmark

ROMANIA Colliers International is to property manage The Landmark office building owned by Piraeus Bank.

Warehouse & industrial

Flying out of Pécs

HUNGARY Hungarian aircraft maker Magnus Aircraft is to build a new plant in near the Pécs-Pogány Airport with an investment of over EUR 16.6 mln.

Investment & finance

Pro Kapital divests two hotels

ESTONIA/LATVIA Pro Kapital Grupp has concluded the sale of the PK Ilmarine in Tallinn and PK Riga hotels.

Etalon launches sales at Silver Fountain in Moscow

RUSSIA Etalon Group has launched sales of the first building of its Silver Fountain project in the North Eastern Administrative District of Moscow.

NEPI Rockcastle results and plans after H1

CEE REGION NEPI Rockcastle has announced the joint results of NEPI and Rockcastle for H1 2017.

Investment & finance

Lords buys GO9

LITHUANIA Lords LB Baltic Fund IV managed by Lords LB Asset Management has purchased the GO9 shopping centre with 12,000 sqm gla on Gedimino Avenue in the Old Town of Vilnius.

CTP expands

ROMANIA/CZECH REPUBLIC CTP is investing over EUR 13 mln in the extension of CTPark Timișoara with 32,000 sqm, due to the increasing demand in the area. The construction work should be completed in December 2017.

Hotels

Luxury hotels coming to Montenegro

MONTENEGRO The chairman of global property development company DAMAC Properties, Hussain Sajwani, has met with the prime minister of Montenegro Duško Marković to discuss the possibility of building five star hotels and luxury resorts.

Retail & leisure

Diverse in Libero

Rafał Ostrowski
journalist

POLAND Polish clothing brand Diverse has leased 300 sqm of space in the Galeria Libero shopping centre which is being developed by Echo Investment in the south of Katowice.

Hotels

Elbit sells Radisson Blu

ROMANIA Israeli based Elbit Imaging has announced that it has signed a non binding letter of intent to sell its 98.2 pct shareholding in the Radisson Complex in Bucharest based on a property value of around EUR 177.5 mln.

Record warehouse leasing volumes in Poland

POLAND In H1 2017 1.72 mln sqm of warehouse space was leased, which is a historic record claims JLL.

Retail & leisure

Leroy Merlin builds and sells

POLAND Leroy Merlin is to open a DIY store at the junction of ul. Tuwima and al. Sikorskiego in Olsztyn around the beginning of Q4 2018 with construction work to begin in September this year.

Retail & leisure

Skende to come to Lublin

POLAND An Ikea store and an accompanying retail centre are being built in Lublin.

Two tenants in Piękna

Eurobuild CEE

POLAND Real estate research company Cenatorium and Finnish-based corporate accounting firm Leinonen have leased office space in the former tenement building on ul. Piękna 68 in Warsaw.

Tedi to enter the Polish market