News

Kaufland at the World Games

schedule 04 August 2017

POLAND Kaufland opened a temporary 300 sqm store for sports fans at The World Games 2017, an event held in Wrocław from July 20th to July 30th for sports not contested in the Olympic Games.

Setanta develops first project

schedule 04 August 2017

POLAND A special-purpose vehicle owned by Setanta is to develop the Piaseczno Park project comprising a building with 24 apartments and two retail outlets, as well as an underground car park in Piaseczno near Warsaw.

Residential

Ancona starts selling Scandinavian style apartments

schedule 04 August 2017

POLAND Ancona Development has launched apartment sales in the Jutrzenka estate in Wrocław’s Klecina district.

Lublin looking for investors

schedule 04 August 2017

POLAND The city of Lublin is looking for investors to develop two big plots in the city, and is planning the development of hotels retail and office space. One of the plots is in the district of Podzamcze, while the other is near the PKP railway station.

Mural for Lem

schedule 04 August 2017

POLAND A mural inspired by the work of the Polish science fiction writer Stanisław Lem will be painted on the northern wall of the Galeria Krakowska shopping centre in Kraków. A competition is being held to find a design with the winner to be awarded PLN 15,000.

Construction

Entering an age of VAT and red tape

schedule 04 August 2017

POLAND “Maintaining profitability at the same level as in H1 over the next quarters may simply be not feasible,” says Dariusz Blocher, CEO of Budimex commenting on the H1 results of the company.

Residential

Last chance to buy in Lokum Victoria

schedule 04 August 2017

POLAND Lokum Deweloper has put 89 apartments on the market in phase Vb of the Lokum Victoria estate on ul. Tęczowa in the Wrocław’s Old Town, and plans to launch sales for 97 more in the Vc stage, which will be the final phase of the project.

Good six months for Budimex

schedule 04 August 2017

POLAND The Budimex Group has announced its H1 results. The parent company’s net profit came to PLN 194.6 mln in H1, compared to PLN 146 last year.

Colliers to manage Concept Tower

schedule 04 August 2017
Eurobuild CEE

POLAND Colliers International has taken over the management of the 9,000 sqm Concept Tower office building in Warsaw’s Wola district. it was the first building in Poland to be awarded two green certificates: LEED Gold and BREEAM.

Eften enters Lithuania

schedule 04 August 2017
Alex Hayes
journalist

LITHUANIA Eften Real Estate Fund II AS acquired a complex of almost 30,000 sqm gla comprising two class A buildings with warehouse and office premises, in the Kaunas Free Economic Zone from Genesta Nordic Baltic Real Estate Fund I.

Bricomarché in Bartoszyce

schedule 04 August 2017

POLAND Bricomarché opened its 144th Polish home and garden centre on ul. Tartaczna in Bartoszyce on July 26th.

First Kwartał ready, second underway

schedule 04 August 2017
Eurobuild CEE

POLAND Inpro has sold all 175 apartments in its Kwartał Uniwersytecki residential project and has started working on a new project called Kwartał Uniwersytecki 2 in Gdańsk’s Przymorze district.

Retail & leisure

Wojas in Libero

schedule 04 August 2017
Eurobuild CEE

POLAND Polish footwear producer Wojas is to open a store in Galeria Libero, which is being developed by Echo Investment in the southern part of Katowice. The shop will have an area of almost 160 sqm.

Murapol building back at home

schedule 04 August 2017
Eurobuild CEE

POLAND The Murapol group has signed a preliminary contract for the purchase of a 0.97 ha plot on ul. Żywiecka in Bielsko-Biała for PLN 4 mln net.

More space for IT Kontrakt

schedule 04 August 2017
Eurobuild CEE

POLAND IT company IT Kontrakt will add 125 sqm to its offices on the fourth and fifth storeys in Sky Tower in Wrocław.

Office & mixed-use development

Turner and Townsend to manage V

schedule 04 August 2017

POLAND Turner & Townsend Poland has been appointed as the project manager for the V. Offices project, an office building being built by AFI Europe in the centre of Kraków.

Retail & leisure

KiK comes to Kraków

schedule 04 August 2017
Eurobuild CEE

POLAND KiK has signed a lease for a 600 sqm store in the Atut shopping centre on ul. Grażyny in Kraków. It will be the first store of the brand in the city.

Strabag to be paid a billion

schedule 04 August 2017
Eurobuild CEE

POLAND Section I, a 15 km stretch of the A1 motorway between Woźniki and Pyrzowice, has almost been completed. A consortium of Strabag companies (Strabag Infrastruktura Południe and Strabag) has completed 50 pct of the trenches and embankments, as well as the underpinning of the foundation soil.

Offices on the increase

schedule 04 August 2017

Across the globe, an unprecedented office building boom is underway with over 65 mln sqm of space under construction that will deliver between now and the end of 2019, Cushman & Wakefield’s Global Office Forecast reports. That’s the equivalent of recreating five cities worth of office inventory – Washington, DC, Dallas, London, Singapore and Shanghai – over the next three years.

Investment & finance

EUR 133 mln financing Deal for Business Park Sofia

schedule 04 August 2017
Alex Hayes
journalist

BULGARIA OTP Bank, its Bulgarian subsidiary DSK Bank and Postbank have granted a EUR 133 mln senior financing package to Business Park Sofia with Pricing set at 2.65 pct, plus the three-month Euribor, and a stated maturity of 2027.

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