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.
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
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.
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.
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
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.
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
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
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.
POLAND Orbis has signed a preliminary agreement to sell two hotels. The total value of the transaction could reach PLN 21.5 mln.
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
UKRAINE The second phase of the Manufactura Kiev Outlet Village in Kyiv is to open in October.
ROMANIA Cologne-based construction company Strabag is set to build a 10.1 km section of the A3 motorway between Ungheni and Ogra.
Technology
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
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
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 and urban planning
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.
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
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.
Residential
POLAND Rafin has started the construction of a new project – Wybrzeże Reymonta in Wrocław
So how are you doing after the Christmas holidays? Are you all rested? Are your stomachs feeling full? Have you been vaccinated? And are you ready to face the new challenges that 2 ...
Small talkIn the first of this month's Small Talk chats, we talk to Andrey Klymenko, the managing director of Reynaers Aluminium Polska.
Small talkIn the second of our Small Talk chats, we speak with Damian Kapitan, the CEO of Budimex Nieruchomości, about (among other things), the residential developer's search for a buyer
Twenty Polish projects have been nominated for the European Union Prize for Contemporary Architecture – Mies van der Rohe Award for 2022.
Erbud has been awarded a PLN 67.69 mln net contract by Archicom for the construction of two buildings of its Browary Wrocławskie (Wrocław Brewery) rev ...
Almost three quarters of employers plan to reintroduce their employees to their workplaces in phases rather than all at once, according to CBRE in its ...
Panattoni’s employees across Europe have raised EUR 64,600 for UNICEF by doing home and outdoor exercise.
Russia’s largest online retailer Wildberries has entered the Ukrainian market.
Sadly, due to the continuing global situation, we will not be able to meet on March 25th to announce the results of the Eurobuild Awards and to presen ...
This month we welcome back our Top 5 feature – each month we will publish lists of the five most popular articles in Polish and English. The English v ...
POLAND Local Heroes has opened its first fashion store of 81 sqm at ul. Mokotowska 49 in the Mokotowska Square building in Warsaw.
Home office, closed gyms and reduced exercise have all been taking their physical and mental toll on each one of us. Fortunately, Eurobuild is, as usu ...
CTP has purchased 460 ha of forest close to Zlín in the Czech Republic, raising the total woodland the company owns to 560 ha.
Hungarian building services provider DVM group has started the construction work on the neo-renaissance Drechsler Palace in Budapest in a project to p ...
A mix of in-office and remote working is likely to be the main style of office working to maximise employee and organisational performance once the pa ...
A consortium led by the Hungarian subsidiary of Strabag has been awarded a HUF 90.45 bln (EUR 245.58 mln) contract to complete the M6 motorway to the ...
MyStandesk is a low-budget solution for those wishing to work while standing up, produced and sold by a Warsaw family firm.
Belgian property developer Alides has acquired the Waterside office complex in Gdańsk from Deka Immobilien for an undisclosed sum.
Dubbing and subtitling specialist firm SDI Media has leased 3,600 sqm in Mokotów Plaza in Warsaw’s Służewiec district.
Colliers International has taken over the management of the second building of the Face2Face Business Campus office complex in Katowice.
Hochtief Polska has been awarded a PLN 172 mln contract to build the new home of Małopolskie Centrum Nauki Cogiteon (the Cogiteon Małopolskie Science ...
Corporate and real estate private equity investment manager Cornerstone Partners, together with Czech developer Crestyl Group, have entered into a con ...
A 1,500 sqm Sinsay store is to open in Funshop Park in Roșiorii de Vede in southern Romania.
AI Clearing, Inc. has raised USD 2 mln in seed funding to accelerate the development – at its R&D centre in Warsaw – of its artificial intelligence sy ...
Panattoni Development Europe is to purchase a 13.2 ha plot in Zgorzelec for a warehouse development.
