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Investment & finance

Enterprise Park sold to Tristan fund

schedule 19 May 2015
Rafał Ostrowski
journalist

POLAND The European Property Investors Special Opportunities 3 LP (EPISO 3) fund, advised by Tristan Capital Partners, in a joint venture with Avestus Real Estate Avestus, has acquired the Enterprise Park office building in Kraków.

Construction

NASA calls on designers to construct 3D-printed Mars habitat

schedule 19 May 2015
Agata Kłapeć

WORLD US space agency NASA and the National Additive Manufacturing Innovation Institute are holding a USD 2.25 mln competition for architectural and construction engineers to design and build a 3D printed habitat for deep space exploration, including the agency’s journey to Mars.

Retail & leisure

Sad comes to Plac Unii

schedule 19 May 2015
Rafał Ostrowski
journalist

POLAND Poland’s largest Apple premium retailer Sad has leased 908 sqm of office space in the Plac Unii mixed-use complex in Warsaw.

AXA starts flexible equity and debt property fund

schedule 19 May 2015
Agata Kłapeć

WORLD Asset management company AXA Investment Managers has launched the AXA WF Global Flexible Property fund that aims to mimic the liability side of a real estate company's balance sheet and enable fund managers to seek a return profile similar to that of a direct real estate investment.

C&A opens in Galeria Bronowice

schedule 18 May 2015
Ewa Andrzejewska

POLAND A two-storey C&A store with an area of app. 1,700 sqm was opened in Galeria Bronowice in Kraków on May 14th.

Office & mixed-use development

Ministry of Foreign Affairs in Foksal City from September

schedule 18 May 2015

POLAND Foksal City in Warsaw, which is owned by the PHN Group, is now fully leased after the Ministry of Foreign Affairs (MSZ) leased the more than 3,000 sqm office building, taking effect from September.

Technology

Marriott launches ‘Siri for travellers'

schedule 18 May 2015
Agata Kłapeć

WORLD Marriott guests will be able to instantly connect with any of the hotel chain’s 500 properties worldwide anytime via live chat on their mobile devices and ask anything they want before, during and after their stays.

Construction

Topping off at Centrum Kreatywności Targowa

schedule 18 May 2015
Tomasz Szpyt-Grzegórski

POLAND Centrum Kreatywności Targowa, which is under construction in Warsaw’s Praga Północ district, has now been topped off.

Warehouse & industrial

MLP Group in Q1

schedule 18 May 2015
Tomasz Szpyt-Grzegórski

POLAND Warehouse developer MLP Group generated consolidated revenue of PLN 28.1 mln in Q1 2015, representing a 16.4 pct increase on the same period of the previous year.

Murapol shops for plots in Łódź

schedule 18 May 2015
Tomasz Szpyt-Grzegórski

POLAND Bielsko-Biała based developer Murapol has finalised a preliminary purchase agreement for a plot on al. Marszałka Józefa Piłsudskiego and ul. Sobolowa in Łódź.

Retail stock to grow by 900,000 sqm in next two years

schedule 18 May 2015
Rafał Ostrowski
journalist

POLAND Over the next two years (2015/2016), 60 new shopping centres with 900,000 sqm of space in total are to be delivered to the Polish market according to DTZ.

Interior design

Award for futuristic table with Polish roots

schedule 18 May 2015
Anna Pakulniewicz

POLAND/WORLD The Twist table designed by Daniele Merini and featuring a Hybrid Collection pattern designed by a Polish designer Mac Stopa for Casala, won the Interior Design Best of Year Honoree Award 2014 in New York in the ‘Furniture: Residential/Coffee and Cocktail Tables’ category.

Office & mixed-use development

Eiffage wins Studio Mokotów contract

schedule 18 May 2015
Nathan North
deputy editor

POLAND Eiffage Polska Budownictwo has been awarded a contract by Dom Development to construct Studio Mokotów along ul. Garażowa in Warsaw’s Mokotów district.

Investment & finance

GTC sees healthy Q1 growth

schedule 18 May 2015
Agata Kłapeć

CEE REGION In the first quarter 2015, GTC’s net profit increased to EUR 8 mln, from a net loss of EUR 2 mln registered in Q1 2014, as the company disposed of three Polish and Romanian assets.

Human resources

Real estate and construction run Ekiden race

schedule 15 May 2015
Ewa Andrzejewska

POLAND The eleventh Ekiden marathon relay race organised by the Maraton Warszawski foundation has taken place in Warsaw’s Szczęśliwicki Park. Attended by a total of 770 teams, including real estate and construction sector representatives, the relay was designed for groups of six participants.

Warehouse & industrial

Wheels rolls into P3 Plzeň

schedule 18 May 2015
Nathan North
deputy editor

CZECH REPUBLIC Wheels Logistics has leased almost 8,800 sqm of new warehouse and office space at the P3 Plzeň.

LPP suffers losses on currencies, renegotiates rentals

schedule 15 May 2015
Eurobuild CEE

POLAND In Q1 2015, the LPP fashion retail group has seen its total sales increasing by 6 pct y-o-y, to PLN 1 bln. At the same time LPP generated a PLN 23.7-mln operational profit, a significant drop from PLN 48.4 mln last year, while the group’s revenues from comparable stores fell by 0.7 pct, excluding changes in local currency rates.

Office & mixed-use development

Poznań's Business Garden gets new tenant

schedule 15 May 2015
Eurobuild CEE

POLAND Vastint has leased out app. 1,200 sqm of office space in its Business Garden Poznań office complex to a SAP solutions provider, Itelligence.

Retail & leisure

Nørdika to open in September

schedule 15 May 2015
Anna Pakulniewicz

LITHUANIA The first stage of the Nørdika Shopping Valley retail park in Vilnius is set to open on 24rh September.

Retail & leisure

Bydgoszcz’s Carrefour to be renovated

schedule 15 May 2015
Aneta Cichla

POLAND Modernization work has started on the Carrefour hypermarket in the Galeria Pomorska shopping centre which is currently being extended in Bydgoszcz.

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