News

Anna Pakulniewicz

POLAND A new section of the Auchan Hetmańska shopping centre in Białystok has been opened.

Residential

Europejskie on the Oder

Tomasz Cudowski
editor-in-chief

POLAND Another 101 apartments have been added to the Europejskie estate in Gorzów as the tenth building in Budnex’s project has obtained its final occupancy permit. The construction of another two buildings is underway and others are at the design stage.

Property and Facility Management

Knight Frank to manage Dukat

Rafał Ostrowski
journalist

POLAND Warsaw-based investment company Bergold Group has chosen Knight Frank as the manager of its Dukat shopping centre in Olsztyn.

“Second-best year in history” claims UBM

EUROPE UBM development has announced the results of the second-best year in its history.

Investment & finance

MLP issues bonds and buys land in Germany

POLAND/GERMANY MLP Group is to issue bonds worth up to EUR 50 mln with the proceeds largely earmarked to finance the company’s planned international expansion.

Two tenants stay in Okopowa 56

POLAND Two tenants have prolonged their leases in the Okopowa 56 building in Warsaw’s Wola district and both have also leased extra space.

Immofinanz ends seven-year dispute

EUROPE Immofinanz has announced that in principle it has reached the settlement of a dispute resulting from the company’s merger in June 2010 with Immoeast.

Echo on target to dominate residential market

Rafał Ostrowski
journalist

POLAND Echo investment sold 259 apartments in the first quarter of the 2017 up by 76 pct y-o-y.

Investment & finance

Seventeen parks sold, eight to go

CEE REGION Luxembourg based fund Pradera European Retail Parks SCSp has finalised the acquisition of 17 retail properties in Germany, France and Poland from Ikea as part of a EUR 900 mln deal negotiated in March to acquire 25 retail parks.

Dana gets into gear

HUNGARY Dana has held the ground breaking ceremony for a new gear factory in Győr.

No more warehouses for CA Immo

HUNGARY/CEE REGION CA Immo has sold its 51 pct stake in the Aerozone logistics park in Budapest to the M7 CEREF I fund completing its strategic withdrawal from the logistics sector.

EUR 1.19 bln spent in the Baltics

Anna Pakulniewicz

BALTIC STATES Investment volume in commercial real estate reached EUR 1.19 bln in 2016, according to figures from Colliers International.

PKP hand in hand with the Post office

POLAND Polish State Railways (PKP), the Polish Post Office and PKP’s developer subsidiary Xcity Investment have signed a letter of intent to jointly develop land owned separately by the state enterprises.

Pin Park to replace rail carriage factory

POLAND The Pin Park office complex with an area of nearly 52,000 sqm is to be developed at the site of the former Pafawag rail carriage factory in Wrocław.

Huawei and Philips Lighting team up

WORLD Philips Lighting and Huawei Technologies have signed a partnership agreement to ensure the compatibility of the Philips Hue integrated lighting system and Huawei’s OceanConnect platform for the Internet of Things (IoT).

Autodistribution Polska stays in WLC

POLAND Autodistribution Polska has prolonged its lease of over 6,000 sqm of warehouse space in the WLC Bielany Wrocławskie distribution centre owned by the CBRE GI-managed Pan European Core (PEC) fund. Cushman & Wakefield represented the tenant during the in negotiations.

Deloitte grows in Rzeszów

POLAND Deloitte’s Shared Service Centre in Rzeszów is to double its number of staff by the end of the year to 400 people. The centre currently takes up two floors of the Skyres Warszawska building.

Perla park to be constructed near Słupsk

POLAND The Perla Logistic Park will be built in Płaszewko near Słupsk next to the future S6 expressway.

Altus invests in Tower

POLAND Institutional investor Altus Investment Fund has bought a 5.49 pct stake in commercial developer Tower Investments. It is the second investment fund, after Trigon TFI, to invest in Tower Investment shares.

Viva Garden reaches fifth stage