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Investment & finance

Allianz and VGP form EUR 500 mln JV

schedule 02 March 2016
Nathan North
deputy editor

CENTRAL EUROPE Munich-based investor Allianz Real Estate and Brussels-based industrial developer VGP have entered into a 50:50 joint venture with an overall transaction value of EUR 500 mln to purchase Central European projects exclusively owned by VGP.

2015 sees record warehouse supply in Czech Republic

schedule 02 March 2016
Eurobuild CEE

CZECH REPUBLIC In 2015 the total volume of newly built industrial space in the Czech Republic reached 565,700 sqm, which is the highest figure recorded since the global financial crisis, according to JLL.

Investment & finance

Redefine buys 75 pct stake in Echo portfolio

schedule 01 March 2016
Agata Kłapeć

WORLD South African real estate investment trust (REIT) Redefine Properties is acquiring a 75 pct stake in Echo Prime Properties, an Echo Investment subsidiary that controls all 18 of Echo Investment's commercial properties estimated at EUR 1.18 bln, for EUR 362 mln.

Architecture and urban planning

Dutch conquer swimming pool market

schedule 01 March 2016
Anna Pakulniewicz

LITHUANIA Dutch architects Slangen+Koenis Architecten together with Lithuanian architectual studio Clouds Architektai have designed a swimming stadium in Klaipėda.

Construction

One can move into Švitrigailos Namai earlier

schedule 01 March 2016
Anna Pakulniewicz

LITHUANIA The second phase of the Švitrigailos Namai residential project in Vilius will now be finished ahead of the original schedule, in Q3 2016.

Retail & leisure

First Media Markt in Puławy

schedule 01 March 2016
Aneta Cichla

POLAND A 1,300 sqm Media Markt store is to be opened in Galeria Nova in Puławy in H1 2016.

Office & mixed-use development

Regus sees potential for 20,000 sites

schedule 01 March 2016
Eurobuild CEE

WORLD In FY 2015 serviced office operator Regus has posted a nearly 16 pct y-o-y increase in revenues, to GBP 1.9 bln at constant currency, while the company has added a total of 554 of new locations, bringing its portfolio to 2,769 sites.

C&W: investment volumes heading for another record

schedule 01 March 2016
Rafał Ostrowski
journalist

EUROPE European commercial real estate investment activity is expected to set another historic record this year, according to the latest report by Cushman & Wakefield.

Investment & finance

Griffin targets the student housing market

schedule 01 March 2016
Rafał Ostrowski
journalist

POLAND Griffin Real Estate aims to grow its presence on the Polish private student housing market. In the next three years the company plans to develop a portfolio of 7,000-8,000 dorm rooms.

Lokum Deweloper enters Kraków

schedule 01 March 2016
Rafał Ostrowski
journalist

POLAND Wrocław-based residential developer Lokum Deweloper has acquired a 3 ha plot near ul. Kobierzyńska in Kraków.

Green projects

Shopping centre turned office building now green-certified

schedule 01 March 2016
Eurobuild CEE

ROMANIA The 14,500 sqm gla Moldova Center, the office building developed by Gheorghe Iaciu in Iași, has obtained BREEAM certificate with ‘Very Good’ rating for new constructions and major refurbishments.

Architecture and urban planning

Św. Barbary tenement to be restored to former glory

schedule 01 March 2016
Anna Pakulniewicz

POLAND Warsaw Attics is to renovate a tenement building purchased from the Polish Post [Poczta Polska] in Warsaw city centre and restore it to its pre-war appearance.

Construction

YIT Kausta to invest EUR 40 mln in projects

schedule 01 March 2016
Anna Pakulniewicz

LITHUANIA This year developer YIT Kausta is planning to invest over EUR 40 mln in commercial and residential projects, mostly located in Vilnius and Kaunas.

Skanska to build Mokotów estate

schedule 01 March 2016
Tomasz Szpyt-Grzegórski

POLAND Skanska Residential Development Poland has purchased land for a residential project in Warsaw’s Mokotów district.

Office & mixed-use development

Tryton ready for tenants

schedule 29 February 2016
Rafał Ostrowski
journalist

POLAND Echo Investment has obtained an occupancy permit for its Tryton Business House office building in the centre of Gdańsk.

Retail & leisure

Warsaw retail grows but still lacks density - JLL

schedule 29 February 2016
Nathan North
deputy editor

POLAND The Warsaw retail market grew by 65,000 sqm in 2015, according to the latest report from JLL.

Office & mixed-use development

Facebook opens new Warsaw office

schedule 29 February 2016
Tomasz Szpyt-Grzegórski

POLAND The famous US-based social network Facebook has leased an entire floor in the Rondo 1 office tower in Warsaw.

Hotels

Top 10 Latvia’s hotels named

schedule 29 February 2016
Anna Pakulniewicz

LATVIA Online travel portal Trip Advisor has published the list of the world’s best hotels based on their user reviews. The Best Hotels of 2016 - TripAdvisor Travelers' Choice Awards ranking was also compiled for Latvia, where 10 best TripAdvisor hotels were revealed.

Investment & finance

Amazon warehouses change hands

schedule 29 February 2016
Tomasz Szpyt-Grzegórski

POLAND A 119,000 sqm Amazon Wrocław warehouse, developed by Panattoni Europe, has been sold off, while another Amazon Polish fulfilment centre is to be sold soon.

Eurobuild CEE

B&B Hotels to be sold

schedule 29 February 2016
Rafał Ostrowski
journalist

EUROPE The European Commission has approved the acquisition of French budget hotel chain B&B Hotels by French company PAI Partners.

Edition 10 (292) September 2024

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