POLAND The European Commission has ruled that the Polish tax levied on retail sales infringes EU rules on state aid.
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.
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
HUNGARY DVM group has completed the refurbishment of the Váci út car salon for Volvo Auto Hungária.
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.
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
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
CROATIA Tui Group has opened its seventh hotel, Tui Blue Jadran, which is also the oldest hotel on the Croatian Adriatic coast.
Office & mixed-use development
POLAND Cromwell Property Group has completed the refurbishment of the common areas in buildings D, E and F of Wiśniowy Business Park office complex at ul. 1. Sierpnia in Warsaw.
POLAND International real estate advisory JLL is launching a new office in Łódź. It will be headed by Marta Pyziak, who was prieviously a member of the facility advisor team responsible for managing Dell’s real estate portfolio in Poland, Russia, Kazakhstan, Baltic states and Ukraine.
Residential
POLAND In H1 2017 Echo Investment sold 554 apartments, representing an 80 pct rise y-o-y. In H1 2016, the developer signed 309 sales contracts.
LATVIA Lords LB Special Fund V of the Lithuanian investment management company Lords LB Asset Management is going to invest more than EUR 200 mln into the property of former Press Chamber in Riga that was acquired for EUR 16.8 mln from Latvian Shipping Company, owned by Vitol.
Office & mixed-use development
LITHUANIA Vilnius Tech Park, based in the buildings of the historic Sapieha palace, has introduced virtual membership. The programme will allow more organizations not only to use the park‘s infrastructure, contacts, and partners, but also to contribute to the development of the country‘s startup ecosystem without having a physical presence.
Retail & leisure
POLAND According to Colliers International Warsaw’s Central Retail District (a term the real estate agency has coined itself) is a district that includes such developments as the Arkadia shopping centre, the Klif Fashion Mall, the planned project on Towarowa 22, Hala Koszyki and Plac Unii City Shopping.
Property and Facility Management
POLAND Cushman & Wakefield has been appointed property manager of the Zabłocie Business Park office complex in Kraków’s Podgórze district.
Warehouse & industrial
POLAND Polish Christmas decoration and lighting producer Multidekor has leased 22,600 sqm of warehouse and production space at the planned Panattoni Park Konotopa II, near Warsaw.
Interior design
POLAND Refurbishment work has been completed on the conference room of the Hotel Spa Dr Irena Eris in Krynica Zdrój.
Interior design
POLAND The B.B. chair from Qeeboo brand, designed by Marcel Wanders, has been launched onto the Polish market by BM Project.
Retail & leisure
POLAND Romanian fashion brand Nissa is planning to open an 86 sqm store in Warsaw’s Arkadia shopping centre soon.
ESTONIA Nordecon has signed a contract with the Estonian authorities to build four three lane sections along the Tallinn-Tartu road between Valmaotsa and Kärevere.
The Urban Land Institute Poland has published the ‘New Urban Poland’. Using 14 projects from Warsaw, Łódź, Poznań, Gdańsk, Gdynia, and Wrocław, the pu ...
According to the latest BauWatch crime report only 56 pct of building site managers across the EU believe crime to be rising, but in Poland this figur ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
City Point Okęcie Logistics Park, a joint venture between Partners Group and Peakside Capital Advisors, has achieved BREEAM Outstanding certification ...
The 15th EurobuildCEE Awards Gala is now behind us and all the winners can be revealed! Special congratulations go to Kazimierz Kirejczyk, who was pre ...
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
On the occasion of Easter, we extend our warmest wishes to all our Readers for peace, good health, and the joy that comes from spending time with love ...
ULI Poland is to hold the 'Matrix of Real Estate' conference from April 15th -16th at the Norblin Factory in Warsaw to discuss the impact of geopoliti ...
With the opening of Data4’s second data centre in Jawczyce just outside Warsaw, we took the opportunity to catch up with Olivier Micheli, the presiden ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
Kempinski Hotels has acquired the Augustine Hotel in Prague. This is the first acquisition for the hospitality group in over 50 years, since it bought ...
Marek Noetzel has been appointed CEO of NEPI Rockcastle and announced a new management team, based entirely on internal promotions.
The Central Communication Port (CPK) has selected the general contract engineer for the new national airport as part of the Port Polska programme. The ...
The Wiedeńska Town House in the centre of Poznań, which dates back to the early 20th century, has been renovated and converted into a food hall with i ...
Redkom Development has completed the sale of a 2,300 sqm cross-dock logistics centre in Olsztyn. The buyer is a member of the Epsicap REIM Group.
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Software developer Jit Team has leased office space in the Punkt building in Gdańsk's Wrzeszcz district, built by Torus.
JLL has been appointed the exclusive leasing agent responsible for the Equal Business Park office complex in Kraków, owned by Apollo Rida. JLL's other ...
The city of Warsaw has allocated PLN 5 million for the construction of al. Centralna, a green passageway between the Warsaw Śródmieście railway statio ...
The Napollo Group has appointed Kalter as the general contractor for a residential project. In the first stage of the Mono estate, two buildings are t ...
A Sekunda retail park is to be built in Bystrzyca Kłodzka, Lower Silesia. Vanstar is to develop a 14,000 sqm centre, and the opening is planned for th ...
Skanska CDE has become the first company in Poland to introduce a Neutral Host In-Building (NHIB) infrastructure model, based on the BTS hotel, in its ...
Prologis has signed a new lease agreement with Logisteed Poland at Prologis Park Wrocław IV. The logistics operator has leased over 5,200 sqm of wareh ...