News

EUROPE/SOUTH AFRICA Real estate company GTC Group has announced that the Johannesburg Stock Exchange Limited (JSE) has approved its inward listing on the bourse’s main board.

Russian investment to increase by 74 pct

08 July 2016

RUSSIA The annual investment volume in Russia is expected to approach USD 4 bln this year – a 74 pct increase on 2015, according to JLL.

H&M to open in Galeria Młociny

07 July 2016

Office & mixed-use development

POLAND Swedish fashion brand H&M has leased 3,000 sqm in the Galeria Młociny shopping centre in Warsaw’s Bielany district.

Avon to open back office in former silk mill

RUSSIA Cosmetics company Avon has leased 1,000 sqm for its back office in the LeFort business centre in the eastern part of Moscow.

Construction

Galeria Libero unleashed

POLAND Echo Investment has obtained a building permit for the construction of Galeria Libero, which is to be built on ul. Kościuszki in the southern part of Katowice.

Investment & finance

Hines sells two office buildings

Office & mixed-use development

POLAND Hines International Real Estate Fund (HIREF) has sold the Neptun Office Center in Gdańsk and the Sterlinga Business Center in Łódź to GTC for an undisclosed sum.

Deka to renovate North Gate

Tomasz Szpyt-Grzegórski

POLAND German investment fund Deka Immobilien is planning to renovate the North Gate office building in Warsaw.

Estonia more stable

ESTONIA The current state of the Estonian real estate market can be summed up by the word ‘stabilisation’, according to a report by Arco Real Estate.

POLAND An Intermarché supermarket will soon be opening in the Brama Mazur in Ełk. The store will be located on the ground floor of the shopping centre and its retail area will amount to app. 1,000 sqm. Brama Mazur is now 100 pct leased.

ParkLake opening date confirmed

Architecture and urban planning

ROMANIA Sonae Sierra and Caelum Development have announced that the opening of the ParkLake shopping centre in Bucharest will take place on September 1st, 2016.

New doctors in a new building

LITHUANIA A new complex of buildings for the medical faculty of the University of Vilnius has been designed by Sweco.

Residential

First Kodulahe building ready within a year

ESTONIA The first building of the Kodulahe residential project in the Merimetsa district of Tallinn, with a view onto the forest and the sea, should be ready in summer 2017.

Over 32,700 sqm leased in Prologis Park Chorzów

25 June 2016

POLAND Prologis has signed four lease agreements for more than 32,700 sqm at Prologis Park Chorzów. POLAND, Prologis, Prologis Park Chorzów, Chorzów, Piotr Brycki

Echo sales increase 50 pct

POLAND Echo Investment sold 306 apartments in H1 2016, 50 pct more than in H1 2015 when 204 apartments were sold.

Construction

Haga topped off

POLAND The third stage of the Orange Office Park in Kraków – the Haga building (named after the city of The Hague), has been topped off.

ARAM records strong results

Property and Facility Management

Eurobuild CEE

CZECH REPUBLIC Prague-based management company Active Retail Asset Management (ARAM) has announced its strongest performance figures to date. This includes 52 leasing deals in the first half of the year across its Czech Republic shopping centre portfolio.

Immofinanz puts CBRE in charge of more

POLAND Five shopping centres owned by Austrian company Immofinanz have been added to the portfolio of properties managed by the asset services department of CBRE.

HPSIF adds to logistics portfolio

POLAND The Hines Poland Sustainable Income Fund (HPSIF) has acquired a logistics portfolio from NBGI Private Equity.

Jysk relocates in Zielony Targówek

POLAND Danish furniture retailer Jysk has relocated to a larger unit in the Zielony Targówek shopping centre in Warsaw, where the company will now occupy 1,400 sqm.

57th Stop.Shop opened, more planned

01 July 2016