News

POLAND Abadon Real Estate (Abadon RE) has reported a revenue from the sales of goods and services for 2016 of PLN 82.4 mln, an EBITDA of PLN 13.6 mln and a net profit of PLN 9.9 mln.

Construction

KB Dom to start work on Fotoplastykon

POLAND Korporacja Budowlana Dom has been appointed by Polnord as the general contractor for the first stage of the Fotoplastykon estate in Gdańsk.

WDP to build large BTS warehouse in Pitești

Rafał Ostrowski
journalist

ROMANIA Warehouse developer WDP (Warehouses De Pauw) is planning to build a 50,000 sqm warehouse in Pitești within the WDP Park Oarja- Pitești logistics park.

UTC still anchors Sadowa Business Park

Rafał Ostrowski
journalist

POLAND UTC Fire & Security Polska has prolonged its lease of over 4,000 sqm in Sadowa Business Park in Gdańsk.

Zalando grows

Anna Pakulniewicz

EUROPE In the first quarter of 2017 Zalando continued to outperform the European fashion e-commerce market with revenues growing strongly by 23.1 pct to EUR 980.2 mln (Q1 2016: EUR 796.1 mln).

Warehouse & industrial

Nagel comes to Poznań

Alex Hayes
journalist

POLAND Nagel-Group has signed a lease for over 6,000 sqm of warehouse space in Panattoni Park Poznań VIII, a logistics centre under construction in Komorniki.

Public buildings

Museum of Warsaw ready to open

POLAND Renovation work on the Museum of Warsaw, which began in 2014, has been completed.

LPP continues to grow

POLAND Polish clothing concern LPP has reported that its consolidated sales revenue came to PLN 524 mln in April 2017, representing an 11 pct increase on April 2016.

Investment & finance

A4 sold

POLAND Echo Polska Properties (EPP) has finalised the purchase of the third stage of the A4 Business Park office complex in Katowice from Echo Investment.

Lots of smoke but little loss

POLAND On 1st May, a fire broke out at the site of the Galeria Północna shopping centre which is being built in Warsaw.

Ten in competition to relax in Gdynia

POLAND Ten design studios have been invited to prepare an urban plan for two squares in Gdynia’s Chylonia district in a competition to revitalise the district.

Erbud stays in Tarchomin

POLAND Spanish developer Grupo Lar has appointed Erbud as the general contractor of the fourth stage of its estate on ul. Kowalczyka in Warsaw’s Tarchomin district in a contract worth PLN 14.4 mln.

Future Mind in IO-1

Anna Pakulniewicz

POLAND Cushman & Wakefield has represented Future Mind in its 440 sqm lease in IO-1 in Warsaw’s Mokotów district. The owner of the office building is Immofinanz.

Nokia Skypark now open

Alex Hayes
journalist

HUNGARY Futureal Group and Nokia have opened the Nokia Skypark office building in Budapest.

Investment & finance

M7 still on shopping spree

Alex Hayes
journalist

HUNGARY M7 Real Estate has acquired two properties in Budapest for its CEREF 1 fund for EUR 20 mln.

More of Robyg at the seaside

POLAND Robyg has purchased a 4.6 ha plot for PLN 42.26 mln in Gdańsk’s Śródmieście district, where around 1,000 apartments could be built with a combined useable area of over 50,000 sqm.

Retail & leisure

Capital Park takes control of Galeria Zaspa

POLAND The Capital Park group has signed a contract to purchase 47 pct staked in the SPV company that owns Galeria Zaspa from Akron, making the Warsaw-based investor the sole owner of the oldest shopping centre in the TriCity.

Panattoni Park Warsaw almost sold

POLAND Industrial Center 37, a joint venture company of Marvipol and Panattoni, has signed a preliminary contract to sell the Panattoni Park Warsaw complex to Shipston for around EUR 32.4 mln.

Newcomers in Warsaw Tower

POLAND Cube.ITG and 2 Ways have signed leases in the Warsaw Tower office building.

Construction

Tunnel to Uznam in 2021