News

POLAND The expansion of the Auchan shopping centre in Białystok is about to start. Thanks to the new extension the shopping centre is to gain an extra 5,800 sqm retail area. The general contractor of the project on ul. Hetmańska is Instal Białystok. The opening of the new extension is planned for H1 2017.

Warsaw Concierge teams up with Ovo Wrocław

POLAND The Ovo Wrocław complex has started cooperation with a supplier of concierge services in Poland – the Warsaw Concierge Group.

Infrastructure

A4 is now complete

POLAND The final stretch of the A4 motorway from Rzeszów to Jarosław, which was constructed by a consortium of Budimex and Strabag, is now complete. The official opening of the Rzeszów East – Jarosław section of the A4 motorway took place on July 20th. The A4 motorway is part of the route stretching from Western Europe to Ukraine.

Atrium Poland attracts Media Expert in Bydgoszcz

POLAND Media Expert is to become one of the tenants of Focus Mall Bydgoszcz.

Residential

Dekpol are now in Gdynia

POLAND Dekpol is to carry out a new residential project in TriCity. The Na Fali estate will be built in Gdynia’s Pogórze district, near the Mechelinki and Rewa beaches, right next to the limits of Kosakowo. It is Dekpol’s first development in Gdynia.

Interior design

Saski Point starts afresh

POLAND The modernisation of the reception foyer in the Saski Point building, which is part of CA Immo’s portfolio, has taken two months.

Warehouse & industrial

Online second-hand store in Nupaky

CZECH REPUBLIC Czech internet company HyperMedia has leased 2,550 sqm of warehouse and office space in the Tescoma commercial area in Nupaky by the D1 motorway.

Redundancies in Skanska Construction will not have impact on other companies

Eurobuild CEE

POLAND Skanska is planning to make 1,150 people redundant in Poland. Piotr Janiszewski, president of the board at Skanska, assures us that the current situation has no impact on other companies from the group.

Budimex: president sums up

POLAND Budimex group sales in H1 2016 amounted to PLN 2.4 bln and were over PLN 160 mln higher compared to the same period last year. Its net profit increased by 6 pct and totalled PLN 146.5 mln. The construction sector was the driving force of the growth. It increased by 9.4 pct y-o-y.

Construction giants with record revenues, Polish companies out of the race

EUROPE According to a report from Deloitte entitled ‘European Powers of Construction 2015’, the market capitalisation of the fifty largest construction companies in Europe increased by as much as 21 pct and their total sales in 2015 increased by 5 pct y-o-y. These are the best results since 2007.

Extra PLN 20 mln bonds for Polnord

Eurobuild CEE

POLAND In accordance with the announcement from two days ago, Polnord has today issued unsecured MB2-series bonds for a total amount of PLN 20 mln.

Retail & leisure

New playground in Auchan Gdańsk

Eurobuild CEE

POLAND A Kinderplaneta playground has been opened in the Auchan Gdańsk shopping centre, covering an area of 400 sqm.

Construction

Napollo hits the spot

POLAND The Nowy Punkt 2 estate in Warsaw’s Targówek district is to be built by Przedsiębiorstwo Budowlane Besta of Rzeszów. Napollo has settled a tender procedure to determine the general contractor for the project. The work is to start this summer and finish in autumn next year.

Warehouse & industrial

Prologis stepping up leasing activity in CEE

Adam Zdrodowski

CEE REGION Prologis leased over 400,000 sqm in the region in the second quarter of 2016, which represented a 7 pct increase over the same period last year.

Bank of Russia vacates up to 100,000 sqm in Moscow

RUSSIA A mass recall of bank licenses by Bank of Russia has led to the closure of 517 bank branches between January 1st 2015 and June 1st 2016.

Immofinanz to leave Russian market

RUSSIA Immofinanz is about to sell its EUR 1.1 bln portfolio of shopping centres in Moscow. “Since the Russian properties have distinct market characteristics and a different risk profile than the remainder of the portfolio, Immofinanz plans either to sell or spin off the Moscow shopping centres,” the company stated in its recent 2015/2016 annual report.

Retail & leisure

GTC trumpets growing Galeria Północna occupancy rate

Adam Zdrodowski

POLAND The under-construction Galeria Północna shopping centre in Warsaw is already almost 70 pct leased out.

More tourists using Polish hotels

POLAND According to a report prepared by Christie & Co, the number of tourists using hotels in Poland increased by 86 pct from 2006 until 2015.

7R Logistic obtains funds from bonds

POLAND Upper Finance has raised PLN 5 mln through the issue of three-year bearer bonds for a company from the 7R Logistic capital group. This is the third issue from which 7R Logistic has acquired funds. The money will make it possible to expand the Kraków-Kokotów logistics park that was launched in December 2015.

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