News

Aareal optimistic about 2016

schedule 16 August 2016
Eurobuild CEE

GERMANY Aareal Bank Group has improved its net profit in Q2, while expanding its new structured property financing business.

Deka Immobilien leases over 11,000 sqm in nine months

schedule 16 August 2016
Eurobuild CEE

POLAND In the last three quarters Deka Immobilien finalised almost twenty lease contracts for more than 11,000 sqm, with both new and existing tenants in buildings. Deka Immobilien was represented by Knight Frank for these transactions.

Hotels

Marriott to open Moxy in Praga district

schedule 12 August 2016
Rafał Ostrowski
journalist

POLAND Global Hospitality Licencing, a subsidiary of Marriott International, has signed a franchise agreement with the owners of the Centrum Praskie Konser mixed-use project in Warsaw’s Praga district for the opening of a Moxy hotel. The hotel with 141 rooms and occupying 5,447 sqm of space will be the first Moxy to open in Warsaw. It is scheduled to open next year.

Adval refinancing Cascade Offices in Bucharest

schedule 12 August 2016
Adam Zdrodowski

ROMANIA Adval Asset Management has secured EUR 6 mln to refinance the Cascade Offices in Bucharest.

Investment & finance

Panattoni invests in Łódź

schedule 16 August 2016
Ewa Andrzejewska

POLAND Panattoni Europe has acquired the B1 building and 3.5 ha of development land in Łódź Business Park from Aviva Investors.

Strabag upgrading railway line

schedule 12 August 2016
Adam Zdrodowski

CZECH REPUBLIC Strabag has won a EUR 34 mln contract in the Czech Republic.

CEZ to stay at Lipiński Passage in Warsaw

schedule 12 August 2016
Adam Zdrodowski

POLAND The CEZ Group has extended its lease agreement at the Lipiński Passage in downtown Warsaw. The Czech Republic-based power and heat provider CEZ Group has extended its lease agreement at the Lipiński Passage office building in downtown Warsaw and has leased an additional 236 sqm at the facility, which means the company now occupies a total of 639 sqm of office space in the location.

Office & mixed-use development

JLL to commercialise CSKA Arena

schedule 16 August 2016
Eurobuild CEE

RUSSIA JLL has been appointed as the exclusive agent for the commercialisation and marketing of the CSKA Arena business complex, which is soon to form part of CSKA Moscow Stadium.

Regus in third location in Kraków

schedule 12 August 2016
Adam Zdrodowski

POLAND Regus has leased 950 sqm of office space at the Graffit House building in Kraków.

Green projects

D48 LEED Gold-pre-certified

schedule 12 August 2016
Adam Zdrodowski

POLAND Penta Investments is trumpeting the green credentials of its D48 office project in Warsaw.

Record investment volume in CEE

schedule 11 August 2016
Adam Zdrodowski

CEE REGION Investment into Central and Eastern Europe was up 59 pct in H1 2016.

Warehouse & industrial

Panattoni building for Carrefour Polska

schedule 11 August 2016
Adam Zdrodowski

POLAND The fifth logistics center of Carrefour in Poland is being developed in Bydgoszcz.

Berlin Hyp happy with half-year results

schedule 11 August 2016
Adam Zdrodowski

GERMANY Berlin Hyp has reported an operating profit before tax of EUR 31.5 mln for H1 2016, compared with the EUR 39.9 mln recorded in the same period last year.

Retail parks to blossom

schedule 11 August 2016
Rafał Ostrowski
journalist

EUROPE By the end of the year 1.3 mln sqm of retail park space is set to be delivered across Europe, up 50 pct on 2015’s total, according to the European Retail Park Development Report by Cushman & Wakefield.

YIT finishing first stage of Novo Orlovsky

schedule 11 August 2016
Rafał Ostrowski
journalist

RUSSIA Finish developer YIT is planning to complete the first phase of its huge residential Novo Orlovski project in northern St Petersburg in October.

Office & mixed-use development

XL Catlin at Pegaz in Wrocław

schedule 11 August 2016
Adam Zdrodowski

POLAND XL Catlin will occupy over 5,700 sqm at the Pegaz office complex in Wrocław.

Sonae Sierra sees recovery in Europe

schedule 11 August 2016
Adam Zdrodowski

EUROPE Sonae Sierra posted a net profit of EUR 59 mln, improved its tenant sales in Europe in H1 2016.

Office & mixed-use development

Skanska to develop in Gdańsk

schedule 10 August 2016
Rafał Ostrowski
journalist

POLAND Skanska is planning to develop a new office building in Gdańsk's business district, at ul. Grunwaldzka 343-345, opposite the University of Gdańsk campus. It is to be Skanska office unit's first investment in the TriCity. The developer has already acquired a 0.9 ha plot, formerly occupied by Centrostal.

Investment & finance

Aviva offloading warehouse building in Łódź

schedule 10 August 2016
Rafał Ostrowski
journalist

POLAND Aviva Investors has sold the B1 building and a 3.5 ha plot of land at the Łódź Business Park to Panattoni Europe, with Savills having brokered the transaction on behalf of the vendor. The value of the transaction has not been disclosed.

Two (in one) hotels opened in Wrocław

schedule 10 August 2016
Anna Pakulniewicz

POLAND A complex consisting of two hotels, the Novotel Wrocław Centrum and the Ibis Wrocław Centrum, was officially opened today.

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