News

EUROPE Despite economic and political uncertainty investor activity on the European real estate market in 2017 is expected to grow by 6 pct, according to a report by Cushman & Wakefield’s European Capital Markets team. It is likely to be driven by the weakening of bond prices and investors interest in safe but growth-orientated opportunities.

HB Reavis sells two buildings in Prague

Rafał Ostrowski
journalist

CZECH REPUBLIC Slovakian real estate developer HB Reavis has sold two office buildings River Garden II and III in Prague’s Karlin district for EUR 84 mln.

HB Reavis starts construction of flagship project

Alex Hayes
journalist

POLAND Slovakian developer HB Reavis has announced that the 140,000 sqm complex that will include the European Union’s tallest skyscraper with 53 storeys is to be called Varso.

Official approval for Eko Holding takeover

POLAND The Office of Competition and Consumer Protection [UOKiK] has approved the acquisition of Eko Holding by Eurocash on the condition of the sale of three Eko Holding stores: two in Podkarpackie Province (Gniewczyna Łańcucka and Zarzecze) and one in Opolskie Province (Chróścice). e

Small project in Wrocław

POLAND Archicom is planning to construct a residential project in Wrocław.

Tacit launches hotel

POLAND Plac Katedralny JS, a subsidiary of Tacit Development, has appointed Strabag as the general contractor to build a hotel on Katedralny Square in Wrocław.

Retail & leisure

Shopping centre in Góraszka in two years’ time

POLAND Auchan is to open the Kolorowe Życie shopping centre in Góraszka near Warsaw around the end of 2018.

Building permit for Yacht Park

POLAND Polski Holding Nieruchomości (PHN) has obtained a final building permit for its Yacht Park residential complex in Gdynia.

Orbis sells two hotels

POLAND Orbis has disposed of two hotels in Częstochowa but both will continue to operate under their current brands.

Retail & leisure

Changes coming to Factory Outlet Wrocław

POLAND Via Outlets has completed the purchase of Factory Outlet Wrocław and has announced changes to the centre. Via Outlets is to introduce a greater number of premium brands and is to improve the customer facilities and service.

Warehouse & industrial

CTP to build warehouse for UK online store

Rafał Ostrowski
journalist

CZECH REPUBLIC UK-based online sport store Pro Direct Sport is to open a distribution centre in CTPark Teplice.

Mostostal has Vena

Ewa Andrzejewska

POLAND Mostostal Warszawa has signed another contract to construct a residential estate on ul. Pory in Warsaw for PLN 36.7 mln.

More Robyg by the sea

POLAND Robyg has purchased a 4.6 ha property in Gdańsk’s Sródmieście district for EUR 10 mln.

Gwiazda for the demanding

POLAND Gwiazda Morza has begun sales of thirteen residential apartments in Władysławowo on the Baltic.

I2 sells two office buildings

POLAND I2 Development has announced the sale of the Nowy Alexanderhaus and Twelve office buildings in Wrocław for a total of PLN 40 mln net in two separate transactions.

Optima in Gdańsk grows bigger

POLAND Inpro has begun apartment sales for three more buildings in the Optima estate in Gdańsk Jasienie and as a result the developer currently has 112 apartments for sale.

Murapol to enlarge Królewskie Tarasy

POLAND Murapol has purchased a 12.5 ha plot on ul. Bolesława Chrobrego in Wieliczka near Kraków for PLN 9 mln where the company plans to develop the second stage of the Krakowskie Tarasy estate.

Echo gives out generously over Christmas

POLAND Echo Investment is paying out dividends of PLN 400 mln to its shareholders, with the first tranche representing the second such payment made in 2016 after paying dividends worth PLN 2.175 bln earlier that year.

Cedet rises again

Tomasz Cudowski
editor-in-chief

POLAND Work on the Cedet building in Warsaw has risen above the ground.

Quicker road to Gdańsk