News

Retail & leisure

Large turnover for Polish shopping centres

POLAND The average retail turnover per sqm in Polish shopping centres amounts to EUR 2,300 per year and there are retail segments in which the turnover exceeds EUR 10,000, reveals BNP Paribas Real Estate in its latest report.

NEPI and Rockcastle closer to fusion

CEE REGION New Europe Property Investments and Rockcastle have announced further details of their forthcoming merger, which is to be conducted through a share-swap based on the two company’s financial results.

Kruszwica in talks over Targówek plot

POLAND A subsidiary of Kruszwica–ZTK Property Management has found a party interested in an 8.4-ha plot at ul. Radzymińska 122/124 in Warsaw’s Targówek district.

CTP buys WestLog Distribution Centre

HUNGARY CTP has recently signed an agreement to purchase the 63,000 sqm WestLog distribution centre at Biatorbagy from Industrial Securities.

L’Erbolario to make Polish debut

POLAND Italian cosmetics chain L’Erbolario is planning to open its first Polish store. The company has leased 43 sqm of space in Hala Koszyki owned by Griffin Real Estate.

Investment & finance

Rockcastle acquires two malls

POLAND Rockcastle Global Real Estate has acquired a retail portfolio of 62,000 sqm from Aviva Investors, worth EUR 160 mln.

Investment & finance

Skanska buys Ilmet and Warsaw One

POLAND Skanska Property Poland has bought the perpetual usufruct rights for the plot on the ONZ Rondabout in Warsaw where the Ilmet office building is located.

Retail & leisure

Echo concentrates on Towarowa 22

POLAND Poland’s competition authority UOKiK has approved the establishment of a joint venture company owned by Echo Investment and Echo Polska Properties, which is to construct and manage the Towarowa 22 shopping centre in Warsaw.

The Eurobuild Awards Jury has completed its work

Property and Facility Management

Colliers with two management mandates

POLAND Colliers International is to manage the Tensor office park in Gdynia as well as the C200 Office in Gdańsk.

Danfoss stays in Hillwood Wrocław I

POLAND Hydraulic component supplier Danfoss Power Solutions has renewed its lease for more than 20,000 sqm of industrial, office and social space at Hillwood Wrocław I in a deal brokered by Cushman & Wakefield.

Hot nine months for Polnord and Inpro

POLAND Polnord and Inpro have published their Q3 results. Over the January–September period, Polnord generated consolidated sales revenue of PLN 156.6 mln, while its operating profit amounted to PLN 4.7 mln and its net profit was PLN 5.6 mln.

Bouygues happy with results

POLAND French residential developer Bouygues Immobilier Polska sold 228 apartments in Q3 2016 and has announced new projects for 2017.

EU billions to fund Łódź revitalisation

POLAND Łódź city council has announced that it is to apply for EU subsidies for 15 revitalisation projects before the end of this year.

Hungarian investment skyrockets

HUNGARY Over the Q1-Q3 period of 2016 period, the total commercial real estate investment transaction volume reached some EUR 1.5 bln in Hungary, nearly double the total volume in 2015, reports JLL.

Property and Facility Management

Knight Frank to lease High5ive

POLAND Knight Frank has been appointed leading agent by developer Skanska Property Poland to commercialise the retail ground floors of all five buildings of the High5ive complex in Kraków.

Investment & finance

WP Carey buys Greenyard cold-storage centre

POLAND WP Carey has announced that its CPA:17 – Global REIT has bought a cold-storage centre from Greenyard in a sale and leaseback transaction.

GTC sees profit rise

EUROPE For the first three quarters of the year, GTC has recorded an operating profit of EUR 65 mln, which compares to EUR 59 mln for the same period of 2015.

Media Expert to enter Morski Park

POLAND Media Expert has signed a 690 sqm lease in the Morski retail park in Gdańsk for the next 10 years.

Acturis leases 1,000 sqm in Business Garden Wrocław

POLAND British IT solutions provider Acturis has leased 1,000 sqm of office space in the first phase of the Business Garden office complex, which is being developed by Vastint on ul. Legnicka in Wrocław.