News

POLAND Eight entities of French advertising giant Publicis Groupe have prolongued their leases in Platinium Business Park in Warsaw’s Mokotów district, while increasing the space they occupy from 12,167 sqm to app. 14,000 sqm.

Aareal optimistic about 2016

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

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

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

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

Investment & finance

Panattoni invests in Łódź

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

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

CEZ to stay at Lipiński Passage in Warsaw

Office & mixed-use development

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.

JLL to commercialise CSKA Arena

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

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

Green projects

D48 LEED Gold-pre-certified

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

Record investment volume in CEE

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

Warehouse & industrial

Panattoni building for Carrefour Polska

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

Berlin Hyp happy with half-year results

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

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

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