News

484 hotels under construction in Europe

schedule 26 May 2017
Anna Pakulniewicz

EUROPE According to the ‘April 2017 Pipeline Report’ published by STR, there are 167,950 rooms in 1,068 hotel projects being developed in Europe.

Katowice cools down

schedule 26 May 2017
Anna Pakulniewicz

POLAND A slowdown has been noted on the office market in Katowice with development activity in the city at its lowest level since 2011, claims Savills in its ‘Market in Minutes – Office market in Katowice 2017’ report. The supply of office space under construction is the lowest in years. However this is just a temporary situation and next year we can expect an increase in development activity. The vacancy rate is dropping, but still remains one of the highest in Poland.

Office & mixed-use development

Two more for Zita

schedule 26 May 2017
Nathan North
managing editor (English section)

POLAND Two new tenants have leased space in the Promenady Zita building, which forms part of the Promenady Business Park in Wrocław.

Eight new brands choose Ikea Centres Russia

schedule 26 May 2017
Anna Pakulniewicz

RUSSIA Ikea Centres Russia has signed contracts with a number of international brands looking to enter the Russian market.

Orbis opens outside Bucharest

schedule 26 May 2017
Anna Pakulniewicz

ROMANIA Mercure Sighișoara, the first Mercure hotel outside the capital, is to be opened by Orbis hotel group end of Q3 2017.

Court approval of Immoeast settlement

schedule 26 May 2017

EUROPE The commercial court in Vienna has approved the settlement to end the legal review of the exchange ratio applied in the merger of Immoeast and Immofinanz in 2010.

Warsaw and Gdansk for Robyg

schedule 25 May 2017
Eurobuild CEE

POLAND Robyg has recorded a revenue of PLN 69.5 mln for Q1 this year while its net profit attributable to the shareholders of the parent company came to PLN 2.5 mln.

Construction

Palace levitates in Sopot

schedule 25 May 2017
Eurobuild CEE

POLAND Dekpol has constructed a substructure for the historic La Playa Palace building in Sopot and consequently the building appears to be floating in the air.

Construction

Alstal active in Wielkopolska

schedule 25 May 2017
Eurobuild CEE

POLAND Alstal has signed two large construction contracts: to construct a school complex in Poznań and to complete the construction of a hospital in Gniezno.

Retail & leisure

Cieszyn to gain a mall

schedule 25 May 2017
Eurobuild CEE

POLAND The Inbap FIZAN fund has chosen Unibep as the general contractor for the Galeria Stela, which is to be constructed on ul. Korfantego.

Matexi chooses MKC again

schedule 25 May 2017

POLAND Belgian developer Matexi Poland has chosen MKC to design a residential project in Warsaw’s Praga Południe district.

Residential

Słoneczne Tarasy expands

schedule 25 May 2017
Eurobuild CEE

POLAND Budnex has begun apartment sales on the third stage of the Porta Mare Słoneczne Tarasy complex in the seaside resort of Dziwnówek.

Construction

School in Kowale

schedule 25 May 2017

POLAND Strabag is to build the Metropolitan Primary School in Kowale on behalf of three administrative districts – Gdańsk, Kolbud and Pruszcz Gdański.

EfTEN buys supermarket project

schedule 25 May 2017
Alex Hayes
journalist

ESTONIA EfTEN Real Estate Fund III has acquired the Selver supermarket project on the outskirts of Tallinn.

Retail & leisure

Stop Shop comes to Lazarevac

schedule 25 May 2017
Alex Hayes
journalist

SERBIA Building work has begun on the Stop Shop retail park in Lazarevac, which is being developed by Immofinanz.

Retail & leisure

EPP looking to buy five more malls this year

schedule 24 May 2017
Rafał Ostrowski
journalist

POLAND Echo Polska Properties wants to increase its retail portfolio from 15 assets to close to 20 by the end of this year. .

Hi-Macs lights up façade of Bieblova Apartments

schedule 24 May 2017

CZECH REPUBLIC The façade of the Bieblova residence project, constructed out of Hi-Macs Solid Surface, has been designed by P6PA+Architects as a tribute to Konstantin Biebl, a prominent Czech poet from the inter-war period who lends his name to the street in Prague where the building is located.

CTP acquires Budapest park

schedule 24 May 2017

HUNGARY CTP has acquired Rozália Park from Challenger, a 57,800 sqm logistics project directly adjacent to the M1 west of Budapest.

Orbis goes south

schedule 24 May 2017
Anna Pakulniewicz

BOSNIA AND HERZEGOVINA Hotel group Orbis is continuing its expansion in the Balkan region.

Erbud builds another stage of Nowe Bielany

schedule 24 May 2017

POLAND Spanish developer Grupo Lar has commissioned Erbud to build the third stage of the Nowe Bielany 2 estate in Warsaw.

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