PL

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Investment & finance

German co-op banks to take over Riviera

schedule 21 May 2015
Rafał Ostrowski
journalist

POLAND Union Investment Real Estate is about to acquire the Riviera shopping centre on ul. Kazimierza Gróskiego 2 in Gdynia.

Sochi hotels still in the red

schedule 21 May 2015
Rafał Ostrowski
journalist

RUSSIA The average annual occupancy rate in Sochi hotels is barely 30 pct – not enough to make them profitable, reveals an analysis by Cushman & Wakefield.

Prelios opens new advisory agency in Poland

schedule 21 May 2015
Rafał Ostrowski
journalist

POLAND European real estate asset manager and advisor Prelios has established a new company in Poland under the name of Prelios Real Estate Advisory.

Investment & finance

Secure Property buys Romanian and Bulgarian portfolio

schedule 21 May 2015
Agata Kłapeć
Journalist

ROMANIA/ BULGARIA Secure Property Development & Investment, a Cyprus-based SEE-focused real estate investment company is acquiring a series of retail, residential and office assets across Romania and Bulgaria.

Panattoni completes 14,000 sqm BTO distribution centre

schedule 21 May 2015
Agata Kłapeć
Journalist

POLAND Panattoni has finished the construction work on a 13,966 sqm build-to-own (BTO) distribution centre commissioned by one of “the top global freight forwarders” in Stryków near Łódź.

Robyg redeems bonds

schedule 21 May 2015
Aneta Cichla
Deputy editor in chief, journalist

POLAND The Robyg group is to prematurely redeem some of J-series bonds secured by the mortgage on a property owned by Robyg Mokotów Investment (a company set up to carry out a residential project on a plot between ul. Puławska and al. Wilanowska).

Hotels

Puro hotel to open in central Warsaw

schedule 21 May 2015
Ewa Andrzejewska
Editor in chief

POLAND The fifth hotel of the Puro chain in Poland is to be opened in Warsaw. The developer has bought a tenement building at ul. Widok 5/7/9 for the project. The chain has also secured a plot in Gdańsk’s Old Town, at ul. Stągiewna 23 on Spichrzów Island, next to the existing Puro Hotel Gdańsk, the opening of which was celebrated on May 8th.

Polnord looking to find buyers for 1,500 apartments in 2015

schedule 21 May 2015
Ewa Andrzejewska
Editor in chief

POLAND In Q1 the Polnord group generated revenue of PLN 66.3 mln (PLN 37.05 mln in Q1 2014) and a net profit of PLN 1.3 mln (PLN 0.42 in the same period last year). In its financial results the group also reported that it concluded 346 sales agreements, handing over 254 apartments to clients.

Office & mixed-use development

Blue Media finds rooms with a view onto Sopot pier

schedule 21 May 2015
Ewa Andrzejewska
Editor in chief

POLAND Blue Media, a supplier of electronic transactions software and on-line sales support, has chosen Dom Zdrojowy in Sopot for its new headquarters. The offices of the company will occupy three out of the six floors of the building. Xplan is responsible for the implementation of the interior design of the 850 sqm leased by Blue Media.

Hotels

Capital Park to develop PLN 50 mln hotel project in Gdańsk

schedule 21 May 2015
Tomasz Szpyt-Grzegórski
Deputy editor in chief, journalist

POLAND VHM Hotel Management has signed a lease with Capital Park for the use of townhouses on ul. Piwna and ul. Długa in Gdańsk’s historic quarter.

Orbis to sell off two properties

schedule 21 May 2015
Anna Pakulniewicz
Journalist

POLAND Orbis has signed a preliminary agreement to sell two hotels. The total value of the transaction could reach PLN 21.5 mln.

Moscow still attractive for international brands

schedule 20 May 2015
Rafał Ostrowski
journalist

RUSSIA Despite the economic crisis in Russia, Moscow is still the most popular European city among international retail chains, according to the latest ‘How Global is the Business of Retail?’ report by CBRE.

Retail & leisure

Kyiv outlet village to open second stage

schedule 20 May 2015
Rafał Ostrowski
journalist

UKRAINE The second phase of the Manufactura Kiev Outlet Village in Kyiv is to open in October.

Strabag wins EUR 70 mln motorway deal

schedule 20 May 2015
Agata Kłapeć
Journalist

ROMANIA Cologne-based construction company Strabag is set to build a 10.1 km section of the A3 motorway between Ungheni and Ogra.

Technology

Uber to shake up the world of traditional courier services?

schedule 20 May 2015
Agata Kłapeć
Journalist

UNITED STATES The app-based ride-sharing service provider Uber is reportedly planning to start a same-day online parcel delivery program that has already lured some well-known retail players.

Warehouse & industrial

Gestamp lease gives Goodman greenlight for Wrocław IV

schedule 20 May 2015
Nathan North
deputy editor

POLAND Goodman has begun the construction of a 19,400 sqm facility for metal automotive components producer Gestamp at the new Goodman Wrocław IV Logistics Centre.

Office & mixed-use development

Medtronic takes up 1,600 sqm in IBC

schedule 20 May 2015
Nathan North
deputy editor

POLAND Medical tech firm Medtronic Polska has leased almost 1,600 sqm of office space in the International Business Center (IBC) office complex in Warsaw.

Architecture

Urban advertising law reformed

schedule 20 May 2015
Ewa Andrzejewska
Editor in chief

POLAND Polish President Bronisław Komorowski has signed into law the landscape act, which was passed by the Polish parliament at the end of April. The new adopted regulations are intended to clarify the issue of the presence of adverts in public space.

FastBooking under Orbis’ wing

schedule 20 May 2015
Ewa Andrzejewska
Editor in chief

WORLD Accor has taken over FastBooking, a supplier of digital services for the hotel industry, which provides support to almost 4,000 locations across Europe and Asia every day.

Retail & leisure

Larger Mila in Płońsk

schedule 20 May 2015
Ewa Andrzejewska
Editor in chief

POLAND Extension work is to take place at Mila Park on ul. Warszawska in Płońsk. The work is to start in September at the latest, with the investor, City Star, intending to open the new area in December.

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