News

Echos of Q1

schedule 07 July 2017
Eurobuild CEE

POLAND Echo Polska Properties (EPP) has announced its financial results for Q1 2017.

Tenants renew in Focus

schedule 07 July 2017
Eurobuild CEE

POLAND A number of tenants have renewed their leases for a total of 4,500 sqm in Focus Park in Rybnik.

New Leroy Merlin in Wrocław

schedule 07 July 2017
Eurobuild CEE

POLAND A new 12,000 sqm Leroy Merlin store has opened on ul. Krakowska in Wrocław.

Bridging the Vistula

schedule 07 July 2017
Eurobuild CEE

POLAND Strabag has completed construction of a section of the S7 expressway in Kraków.

Retail & leisure

Savills to recommercialise Karpacka

schedule 07 July 2017
Rafał Ostrowski
journalist

POLAND Biuro Inwestycji Kapitałowych (BIK) has appointed Savills to recommercialise the Karpacka retail park on the western bypass of Bielsko-Biała.

Investment & finance

Amazon to open regional centre in Sered

schedule 07 July 2017
Rafał Ostrowski
journalist

SLOVAKIA Amazon is to open a 60,000 sqm regional centre for returns in Sered in H2 2017 in the 125,000 sqm first stage of the Mountpark Sered logistics centre being developed by Mountpark Logistics EU on a 28,5 ha site.

Eften sells Riga office building

schedule 07 July 2017
Alex Hayes
journalist

LATVIA Eften’s Kinnisvarafond fund has sold a commercial building at Stabu 10/4 in Riga to Colonna Varahaldus for an undisclosed sum.

Retail & leisure

Delta Planet arises in Banja Luka

schedule 07 July 2017
Alex Hayes
journalist

BOSNIA&HERZEGOVINA Delta Real Estate has started the construction of the Delta Planet shopping centre in Banja Luka.

Retail & leisure

Guess who in Galeria Libero

schedule 07 July 2017
Rafał Ostrowski
journalist

POLAND American fashion chain Guess will take up 300 sqm of space in the Galeria Libero shopping centre.

Retail & leisure

Falling vacancy on Moscow retail market

schedule 07 July 2017
Rafał Ostrowski
journalist

POLAND In Q2 2017, the vacancy rate in existing shopping centres in Moscow declined from 7.2 pct to 6.4 pct, according to JLL.

Napollo wants no more CREAM

schedule 06 July 2017

POLAND Napollo is to take over the management of its own shopping centres from CREAM, including Galeria Renova in Warsaw’s Targówek district, Galeria Grodova in Grodzisk Mazowiecki and the newly-built Galeria Piastowska in Gniezno.

Sales begin again for Cybernetyki 17

schedule 06 July 2017

POLAND Dom Development has started apartment sales for the second stage of its Osiedle Cybernetyki 17 estate in Warsaw’s Mokotów district.

EU says no to retail tax

schedule 06 July 2017

POLAND The European Commission has ruled that the Polish tax levied on retail sales infringes EU rules on state aid.

Murapol plays with financial instruments

schedule 06 July 2017

POLAND Murapol has issued 28,169 bonds (series BA) each with a nominal value of PLN 1,000 in a private offer and has announced plans to set up a number of closed investment funds this year.

Refinancing for Royal Wilanów

schedule 06 July 2017

POLAND Capital park subsidiary Hazel Investments has acquired EUR 62.5 mln in refinancing for the Royal Wilanów office building in Warsaw from BGŻ BNP Paribas and ING Bank Śląski with the loan to be paid back in five years.

Interior design

Volvo showroom redesigned

schedule 06 July 2017
Anna Pakulniewicz

HUNGARY DVM group has completed the refurbishment of the Váci út car salon for Volvo Auto Hungária.

Hotel construction on the rise

schedule 19 June 2017
Anna Pakulniewicz

EUROPE According to the May 2017 Pipeline Report published by STR, 167,543 rooms in 1,074 hotel projects are under development in Europe, representing a 15.3 pct increase compared to May 2016.

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.

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