News

Hotels

Last hurdle overcome for record acquisition

schedule 12 April 2016
Agata Kłapeć

WORLD The shareholders of Marriott and Starwood have consented to the merger of the two hotel groups in a vote. The transaction, which is currently evaluated at over USD 13 bln, will result in the creation of the largest hotel portfolio in the world.

Office & mixed-use development

GTC takes control over City Gate, renews large deal

schedule 12 April 2016
Tomasz Szpyt-Grzegórski

ROMANIA GTC has bought out a minority stake in its flagship City Gate office project in Bucharest. The development company has also signed a five-year 13,000 sqm lease renewal for office space in the complex.

No new shopping centres in Moscow

schedule 12 April 2016
Eurobuild CEE

RUSSIA For the first time since 2007, no new shopping centers were completed in Moscow in the first quarter of the year, according to JLL.

Hotels

Ritz-Carlton makes a splash in Central Europe

schedule 12 April 2016
Agata Kłapeć

HUNGARY Luxury hotel chain Ritz-Carlton has opened its first Hungarian and Central European hotel in a historic Budapest building owned by the UAE-based Al Habtoor Group.

Chinese car interiors go Bohemian

schedule 12 April 2016
Nathan North
deputy editor

CZECH REPUBLIC Yanfeng Automotive Interiors (YFAI) is to open a new manufacturing plant in Planá nad Lužnicí in southern Bohemia.

Technology

Ikea invests in VR solution

schedule 12 April 2016
Agata Kłapeć

WORLD As virtual reality becomes more significant and available for customers, Ikea is launching a pilot virtual reality app, the Ikea VR Experience, that helps to re-create a kitchen shopping and refurbishing experience. It is the first time that the Swedish furniture retailer, which has previously experimented with an augmented reality app, among others, introduces a VR solution to its customers.

ETC becomes Galeria Zaspa after revamp

schedule 12 April 2016
Nathan North
deputy editor

POLAND Capital Park and Akron Group have completed the modernisation of ETC, one of the oldest shopping centres in Gdańsk.

Etalon enjoys best quarter ever

schedule 12 April 2016
Rafał Ostrowski
journalist

RUSSIA Residential developer Etalon Group has recorded a 156 pct y-o-y increase in the number of new contracts for the first quarter of 2016.

30 apartments on ul. Krypska

schedule 12 April 2016
Eurobuild CEE

POLAND SP Invest is starting another project near the Wiatraczna roundabout in Warsaw’s Praga Południe district.

Retail & leisure

Zielony Kamyk to arise in Gdańsk

schedule 12 April 2016
Katarzyna Suska

POLAND Korporacja Budowlana Doraco has been chosen as the general contractor to build the Zielony Kamyk shopping centre in Gdańsk by Probier, the investor behind the project.

Retail & leisure

Karuzela spins out new centres

schedule 12 April 2016
Aneta Cichla

POLAND Two Karuzela centres are to be developed, in Kołobrzeg and Zielona Góra.

Investment & finance

Peakside to invest more than EUR 100 mln

schedule 12 April 2016
Aneta Cichla

CEE REGION Peakside Capital has acquired additional capital of over EUR 100 mln for opportunistic real estate investment in Central and Eastern Europe, which is to be invested by the end of 2016.

Murapol aiming to break more sales records

schedule 12 April 2016
Tomasz Szpyt-Grzegórski

POLAND Murapol is planning to develop 17,700 apartments and service outlets over the next three years, according to its 2015 report.

Retail & leisure

Owner and manager changes at Galeria Plaza

schedule 11 April 2016
Aneta Cichla

POLAND Cushman & Wakefield has been appointed as the new property manager of Galeria Plaza in Kraków. The company will take over from Peakside Capital, which has purchased the building in December 2015, since when it has been managing it on it own.

Santens comes to South Gate

schedule 11 April 2016
Rafał Ostrowski
journalist

RUSSIA Pharmaceuticals logistics operator Santens Service has signed a five year lease for 30,000 sqm of class ‘A’ space in the South Gate industrial park in the Moscow region.

Residential

Atal gets Łódź project going

schedule 11 April 2016
Tomasz Szpyt-Grzegórski

POLAND Atal has started the construction and sale of an estate at ul. Pomorska 168/170 in Łódź.

Office & mixed-use development

Wrocław project fully leased

schedule 11 April 2016
Eurobuild CEE

POLAND Accenture has signed a lease agreement for office space in the West House 1B building in Wrocław, making the 12,000 sqm office property fully occupied.

Residential

Dom Development launches latest Ochota project

schedule 11 April 2016
Tomasz Szpyt-Grzegórski

POLAND Dom Development is marketing and starting the construction of the third stage of the Pod Różami estate in Warsaw.

Michelin expands in Serbia

schedule 11 April 2016
Katarzyna Suska

SERBIA Tyre manufacturer Tigar Tyres has built a new 22,000 sqm plant in the town of Pirot in Serbia, 300 km south-east of Belgrade.

Investment & finance

EC consents to Smyk acquisition

schedule 11 April 2016
Aneta Cichla

EUROPE Bridgepoint has been given permission by the European Commission to take over the Smyk group.

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