News

Residential

Developer buys land for Lokum

schedule 03 October 2016
Tomasz Szpyt-Grzegórski

POLAND Wrocław-based developer Lokum Deweloper has purchased a 3.8-ha plot on ul. Gazowa and ul. Międzyleska in Wrocław’s Krzyki district, on which 739 apartments are to be constructed.

Retail & leisure

Another Smyk to open in Katowice

schedule 03 October 2016
Eurobuild CEE

POLAND Children’s store Smyk is to open a 1,100 sqm outlet in Echo Investment’s Galeria Libero shopping centre project in Katowice.

Retail & leisure

Retail tax on hold. Will there be a new one?

schedule 03 October 2016
Tomasz Szpyt-Grzegórski

POLAND The Polish minister of finance, Paweł Szałamacha, has announced at a press conference that the levying of the retail trade tax is to be suspended.

Construction

Yareal launches Nowogrodzka project

schedule 03 October 2016
Tomasz Szpyt-Grzegórski

POLAND French developer Yareal has started the construction of the Nowogrodzka Square office building between ul. Nowogrodzka and Al. Jerozolimskie in Warsaw.

Technology

The tallest with the biggest

schedule 30 September 2016
Anna Pakulniewicz

POLAND Philips Lighting has equipped the tallest office building in Poland – the Warsaw Spire – with a dynamic façade illumination consisting of over 88,000 individually programmed elements.

Investment & finance

Al Habtoor buys in Budapest

schedule 30 September 2016
Adam Zdrodowski

HUNGARY UAE based investor Al Habtoor Group has added two office assets to its Budapest portfolio.

Russian investment continues to bounce back

schedule 30 September 2016
Eurobuild CEE

RUSSIA So far this year, USD 3 bln has been invested in the real estate market., representing a 71 pct increase y-o-y, according to data from JLL.

Office & mixed-use development

PwC expands

schedule 30 September 2016
Rafał Ostrowski
journalist

POLAND Global consultancy PwC has extended its lease in the Silesia Business Park on ul. Chorzowska in Katowice by over 2,000 sqm to take up a total of 9,200 sqm and, as a result of the latest transaction, the building is now fully leased.

Retail & leisure

Etele Plaza leasing starts

schedule 30 September 2016
Adam Zdrodowski

HUNGARY Developer Futureal Group has started the commercialisation of its Etele Plaza shopping centre project in Budapest.

Investment & finance

City Tower in Prague sold for EUR 182 mln

schedule 30 September 2016
Nathan North
managing editor (English section)

CZECH REPUBLIC ČS Nemovitostní Fond has bought the tallest building in Prague, City Tower in Pankrác district, from PPF Real Estate Holding for app. CZK 4.4 bln (app. EUR 182 mln).

No space left in Budapest

schedule 30 September 2016
Alex Hayes
journalist

HUNGARY With the lowest vacancy rates (10.3 pct) since the 1990s, headline office rents for grade ‘A’ office space are likely to increase, claim Cushman & Wakefield in the ‘Office Market Overview –Budapest’ report for September 2016.

Retail & leisure

Buyer found for Belgrade Plaza

schedule 30 September 2016
Alex Hayes
journalist

SERBIA Plaza Centers has signed a non-binding preliminary agreement to sell the Belgrade Plaza shopping centre in Belgrade for app. EUR 50 mln to an undisclosed buyer.

Office & mixed-use development

Amplio Investment moves to Catalina

schedule 30 September 2016
Alex Hayes
journalist

POLAND Amplio Investment, a company specialising in environmental investments, has leased 650 sqm on the second floor of Catalina Office Center in Warsaw.

Warehouse & industrial

Ecco expands in Bokserska

schedule 29 September 2016
Nathan North
managing editor (English section)

POLAND KRM Poland, footwear retailer Ecco’s distribution branch, has significantly expanded its warehousing and operations at Bokserska Distribution Center in Warsaw to more than 10,500 sqm.

Green projects

Platinum for Mars

schedule 29 September 2016
Eurobuild CEE

POLAND The latest section of the Mars Polska confectionary plant in Sochaczew has been LEED-certified at the ‘Platinum’ level.

Construction

Alstal at the police station

schedule 29 September 2016
Eurobuild CEE

POLAND Construction company Alstal has been awarded a PLN 18 mln contract for the major renovation and extension of a historic police station building in the centre of Poznań.

Construction

Living Point Mokotów basement complete

schedule 29 September 2016
Tomasz Szpyt-Grzegórski

POLAND The underground section of Vantage Development’s first Warsaw project – the Living Point Mokotów residential development – reached its shell stage in September.

Green projects

Certificate for Karolkowa Business Park

schedule 29 September 2016
Tomasz Szpyt-Grzegórski

POLAND The Karolkowa Business Park Warsaw, which was built by the Asbud group, has obtained a BREEAM In-Use certificate with a ‘Very Good’ rating.

Construction

Alstal to build court

schedule 29 September 2016
Ewa Andrzejewska

POLAND Alstal is to construct the Court of Appeals in Poznań in a contract worth PLN 37 mln.

Office & mixed-use development

Nordea in Tri-city’s Tensor complex

schedule 29 September 2016
Adam Zdrodowski

POLAND In what is the largest lease transaction to have been signed in the Tri-city office market so far this year, Nordea Bank AB has taken up 9,600 sqm in the Tensor complex in Gdynia owned by Euro Styl.

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