News

Office & mixed-use development

New life for Posejdon

schedule 25 October 2016

POLAND A large office, conference and hotel complex is to be built at the site of the former Posejdon department store in Szczecin.

Building permit for Verbel in Soho

schedule 25 October 2016
Tomasz Szpyt-Grzegórski

POLAND Soho Development has been granted a building permit for the Verbel (previously known as Rebel II ) building of its Soho Factory project in Warsaw.

Retail & leisure

Neonet reopens in Tczew

schedule 25 October 2016
Alex Hayes
journalist

POLAND Household appliance and electronics retailer Neonet has come back to Tczew after the recent closure of its previous store.

First Polish Dior boutique to open in Galeria Mokotów

schedule 25 October 2016
Ewa Andrzejewska

POLAND Dior is to open its first boutique in Poland in Warsaw’s Galeria Mokotów shopping centre. The store is to be part of the centre’s Designer Gallery.

Investment & finance

Linstow sells stake in Park Inn hotels

schedule 25 October 2016
Anna Pakulniewicz

LITHUANIA Linstow has sold its stake in Baltijos Parkai, a company that owns Park Inn hotels in Vilnius and Klaipėda, to Green Hotel.

YIT to construct office building in Vilnius,

schedule 25 October 2016
Alex Hayes
journalist

LITHUANIA YIT has been appointed as the general contractor for an office project in Vilnius owned by East Capital Explorer.

Hotels

Warimpex sells hotel to Czech investor

schedule 25 October 2016
Rafał Ostrowski
journalist

CZECH REPUBLIC Warimpex Finanz- und Beteiligungs has sold Vienna House hotel in Prague’s Smíchov district to Czech investor CIMEX Group for an undiscosed sum.

Residential

British investors to build more Bucharest apartments

schedule 25 October 2016
Rafał Ostrowski
journalist

ROMANIA British Romanian Investment Partnership, part of the British investment fund ARDC, has started the construction of its New Residence Bucharest project in Bucharest’s Drumul Taberei district.

Interior design

Standard furnishes new ABB office

schedule 25 October 2016
Anna Pakulniewicz

ESTONIA Estonian office and contract furniture manufacturer Standard has provided the furnishings for the newly opened ABB business service centre in Tallinn, including workplaces for 400 people and 16 meeting rooms with electrical fittings and multimedia facilities. This is one of the biggest office furnishing projects in Estonia in 2016.

Architecture and urban planning

Over 200 in competition to build wooden folly

schedule 25 October 2016
Anna Pakulniewicz

ESTONIA Over 200 entries have been received in the first stage of the TAB 2017 Urban Installation Open Call competition to design an experimental wooden folly in Tallinn for August 2017.

CBRE appointed agent for Rostov shopping centre

schedule 25 October 2016
Adam Zdrodowski

RUSSIA CBRE has been appointed as the exclusive leasing and marketing agent for the second phase of the Megamag shopping centre project in Rostov-on-Don, which is now being developed by Edinstvo.

Sii runs into Maraton

schedule 24 October 2016
Adam Zdrodowski

POLAND IT and industrial engineering services provider Sii has leased more than 3,400 sqm of office space in the Maraton building in Poznań and plans to double its staff number to app. 400 people by the end of 2018.

Tenants enter Galeria Północna

schedule 24 September 2016
Eurobuild CEE

POLAND The Galeria Północna mall in Warsaw’s Tarchomin district is now app. 75 pct after a total of app. 5,000 sqm of retail space was leased in the third quarter of the year.

Office & mixed-use development

Construction of Mennica Legacy Tower to start

schedule 24 October 2016
Adam Zdrodowski

POLAND Golub GetHouse and Mennica Polska are soon to launch the construction of their joint Mennica Legacy Tower office project in Warsaw with Warbud acting as the general contractor.

Vacancy down for Prologis

schedule 24 October 2016
Eurobuild CEE

EUROPE Prologis Europe ended the third quarter with a vacancy rate of 3.9 pct, down by 50 basis points from the second quarter.

Investment & finance

Chinese investors take a quarter of Hilton

schedule 24 October 2016
Eurobuild CEE

WORLD Chinese conglomerate HNA Group is to acquire a stake of app. 25 pct in Hilton Worldwide Holdings from Blackstone for USD 6.5 bln, which is equivalent to USD 26.25 per share.

Retail & leisure

Galeria Metropolia officially open

schedule 24 October 2016
Adam Zdrodowski

POLAND Investor Przedsiębiorstwo Budowlane Górski has recently held the grand opening ceremony for its Galeria Metropolia shopping centre in Gdańsk.

Office & mixed-use development

New tenants in Millennium Plaza

schedule 24 October 2016
Tomasz Szpyt-Grzegórski

POLAND Over the last twelve months the owner of the Millennium Plaza skyscraper in Warsaw has leased a combined 9,000 sqm in the building, with nearly 4,500 sqm being subject to new leases.

Hotels

Nine new Hiltons in Poland

schedule 24 October 2016
Anna Pakulniewicz

POLAND/CEE REGION Hilton Worldwide has announced the opening of nine new hotels in various cities across Poland as well as a few projects around the region, including in Russia and Belarus.

Office & mixed-use development

Bobrowiecka out of the ground

schedule 24 October 2016
Tomasz Szpyt-Grzegórski

POLAND Construction work on the Bobrowiecka 8 office building in Warsaw has reached the ground level.

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