News

Investment & finance

Futureal Group refinances Corvin Corner

schedule 03 October 2016
Alex Hayes
journalist

HUNGARY Futureal Group has refinanced its Corvin Corner office building in Budapest by signing a credit agreement with Erste Bank for EUR 10.2 mln.

Investment & finance

Crowdfunding success

schedule 03 October 2016
Eurobuild CEE

POLAND Mzuri CFI 4, which employs crowdfunding to finance real estate purchases, has raised PLN 7 mln from 142 investors within two weeks.

Retail & leisure

City Center Sofia rebranded

schedule 03 October 2016
Rafał Ostrowski
journalist

BULGARIA City Center Sofia, one of the first modern shopping centres to be built in Bulgaria, has been refurbished and renamed Park Centre.

Hotels

Konior Studio designs Katowice hotel

schedule 03 October 2016

POLAND A hotel under design by the Konior Studio architectural studio for Hotele Diament will be built at ul. Dworcowa 11 in Katowice.

Retail & leisure

Hit to open on October 7th

schedule 03 October 2016
Eurobuild CEE

POLAND The Hit shopping centre in Nowy Dwór Mazowiecki is to open its doors on October 7th, 2016.

Retail & leisure

Go Sport in Młociny

schedule 03 October 2016
Tomasz Szpyt-Grzegórski

POLAND French sports store brand Go Sport has signed a lease in the Galeria Młociny shopping centre development and will occupy 1,150 sqm on the ground floor.

Office & mixed-use development

Lawyers in Q22

schedule 03 October 2016
Adam Zdrodowski

POLAND Global law firm White & Case has leased 2,500 sqm of office space on the top floors of the Q22 skyscraper, which Echo Investment has recently completed in central Warsaw.

Construction

Alchemia topped off again

schedule 03 October 2016
Anna Pakulniewicz

POLAND The shell stage of the Argon building in the Alchemia office complex in Gdańsk has been completed one month ahead of schedule with a topping off ceremony.

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.

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