News

Russians wooed by US brands

schedule 06 July 2017
Anna Pakulniewicz

According to IKEA Centres Russia, US brands are currently winning over the Russian market. The most recent deals in the country have seen established stateside brands such as Armani Exchange expand their number of stores into double figures having entered the market only last year. Starbucks is expanding to new regions. Nike has developed a new concept store, and Yum! Brands, the operators of KFC and Pizza Hut have registered a 27 pct y-o-y increase in revenue for Q1 2017.

Office & mixed-use development

Work starts on Equilibrium

schedule 06 July 2017
Alex Hayes
journalist

ROMANIA Skanska has begun the construction of the first phase of the Equilibrium office project in the BarbuVacarescu- Floreasca region of Bucharest which is to be developed at a cost of EUR 37 mln.

Hotels

Tui opens seventh hotel

schedule 06 July 2017
Alex Hayes
journalist

CROATIA Tui Group has opened its seventh hotel, Tui Blue Jadran, which is also the oldest hotel on the Croatian Adriatic coast.

Office & mixed-use development

Cromwell renovates Wiśniowy Business Park

schedule 05 July 2017
Rafał Ostrowski
journalist

POLAND Cromwell Property Group has completed the refurbishment of the common areas in buildings D, E and F of Wiśniowy Business Park office complex at ul. 1. Sierpnia in Warsaw.

JLL expands to Łódź

schedule 05 July 2017
Eurobuild CEE

POLAND International real estate advisory JLL is launching a new office in Łódź. It will be headed by Marta Pyziak, who was prieviously a member of the facility advisor team responsible for managing Dell’s real estate portfolio in Poland, Russia, Kazakhstan, Baltic states and Ukraine.

Residential

Echo increases apartment sales by 80 pct

schedule 05 July 2017
Rafał Ostrowski
journalist

POLAND In H1 2017 Echo Investment sold 554 apartments, representing an 80 pct rise y-o-y. In H1 2016, the developer signed 309 sales contracts.

Lords to invest over EUR 200 mln in Riga.

schedule 05 July 2017
Anna Pakulniewicz

LATVIA Lords LB Special Fund V of the Lithuanian investment management company Lords LB Asset Management is going to invest more than EUR 200 mln into the property of former Press Chamber in Riga that was acquired for EUR 16.8 mln from Latvian Shipping Company, owned by Vitol.

Office & mixed-use development

Vilnius Tech Park goes virtual

schedule 05 July 2017
Anna Pakulniewicz

LITHUANIA Vilnius Tech Park, based in the buildings of the historic Sapieha palace, has introduced virtual membership. The programme will allow more organizations not only to use the park‘s infrastructure, contacts, and partners, but also to contribute to the development of the country‘s startup ecosystem without having a physical presence.

Retail & leisure

Warsaw has Central Retail District, claims Colliers

schedule 05 July 2017
Rafał Ostrowski
journalist

POLAND According to Colliers International Warsaw’s Central Retail District (a term the real estate agency has coined itself) is a district that includes such developments as the Arkadia shopping centre, the Klif Fashion Mall, the planned project on Towarowa 22, Hala Koszyki and Plac Unii City Shopping.

Property and Facility Management

C&W to manage Zabłocie

schedule 05 July 2017
Rafał Ostrowski
journalist

POLAND Cushman & Wakefield has been appointed property manager of the Zabłocie Business Park office complex in Kraków’s Podgórze district.

Warehouse & industrial

Multidekor leases 22,600 in Konotopa

schedule 05 July 2017
Rafał Ostrowski
journalist

POLAND Polish Christmas decoration and lighting producer Multidekor has leased 22,600 sqm of warehouse and production space at the planned Panattoni Park Konotopa II, near Warsaw.

Interior design

Sprucing up the spa

schedule 04 July 2017
Anna Pakulniewicz

POLAND Refurbishment work has been completed on the conference room of the Hotel Spa Dr Irena Eris in Krynica Zdrój.

Interior design

B.B. in the office

schedule 04 July 2017
Anna Pakulniewicz

POLAND The B.B. chair from Qeeboo brand, designed by Marcel Wanders, has been launched onto the Polish market by BM Project.

Retail & leisure

Romania comes to Poland

schedule 04 July 2017
Rafał Ostrowski
journalist

POLAND Romanian fashion brand Nissa is planning to open an 86 sqm store in Warsaw’s Arkadia shopping centre soon.

Roads from Nordecon

schedule 04 July 2017
Anna Pakulniewicz

ESTONIA Nordecon has signed a contract with the Estonian authorities to build four three lane sections along the Tallinn-Tartu road between Valmaotsa and Kärevere.

Warehouse & industrial

Avery comes to Pruszków

schedule 04 July 2017

POLAND Label producer Avery Dennison Polska has leased 13,300 sqm in the MLP Pruszków II logistics park.

Retail & leisure

Two new boutiques in Oświęcim

schedule 04 July 2017
Rafał Ostrowski
journalist

POLAND Watch store Time Trend and jewellery store Yes have leased space in the Galeria Niwa shopping centre in Oświęcim. Yes will occupy 56 sqm, while Time Trend will take up 36 sqm of space. Galeria Niwa

Green projects

AFI Tech Park with Platinum

schedule 04 July 2017

ROMANIA The AFI Tech Park office development by AFI Romania has been awarded LEED Platinum pre-certification.

Property and Facility Management

Lobos under Knight Frank management

schedule 03 July 2017
Eurobuild CEE

POLAND Lobos group has appointed Knight Frank as the property manager of the Lobos office building in Kraków’s Czyżyny district.

EurobuildCEE

MMG to manage more centres

schedule 03 July 2017

POLAND Master Management Group has taken over the management of seven shopping centres in Poland with a total area of over 60,000 sqm in Poznań, Szczecin, Lubin, Kutno, Ciechanów, Piekary Śląskie and Józefosław.

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