News

Nathan North
managing editor (English section)

POLAND Three lease transactions were completed for more than 1,400 sqm in the North Gate building in Warsaw in Q2 2016.

Investment & finance

Foreign investor buys Polish rental apartments

POLAND Open-ended public real estate fund Bouwfonds European Residential Fund (BERF) has acquired the Apartamenty Perca rental apartments project at ul. Pereca 5 in Warsaw’s Wola district from Matexi Poland for app. PLN 100 mln (EUR 23 mln).

Budimex in Retro style

POLAND Budimex has been chosen to be the general contractor for the Retro Office House office development in Wrocław in a contract worth PLN 89.9 mln net.

Buyer for Panattoni Park Warsaw

POLAND Marvipol has reported that it managed to find a buyer for the Panattoni Park Warsaw warehouse and logistics park in Jawczyce, which was built in cooperation with Panattoni.

Investment & finance

GTC refinances Budapest projects

HUNGARY GTC has been granted loans by OTP Bank Nyrt to refinance its the Duna Tower and CenterPoint projects in Budapest.

Bigger Tomasovia in September

POLAND RTV Euro AGD has become the latest tenant of the Tomasovia retail park in Tomaszów Lubelski, having signed a lease with the owner, Adept Investment.

Construction

Erbud on the Promenady

POLAND Erbud has been selected as the general contractor of the fifth stage of the Promenady Wrocławskie estate in Wrocław.

Adept to focus on apartments

POLAND Adept Investment, which is a developer and the owner of a hotel chain, has become the owner of another property in Gdynia.

Hotels

SixtySix hotel in Warsaw after the summer

Office & mixed-use development

POLAND The SixtySix boutique hotel is to be opened at ul. Nowy Świat 66 in central Warsaw.

Making City pretty

Property and Facility Management

LITHUANIA Hanner has completed the structural work for the City office project in Vilnius.

BNP Paribas to manage Turawa Park

POLAND UK investment company Standard Life Investment has appointed BNP Paribas Real Estate Poland as the property manager of Turawa Retail Park in Opole.

More vacant retail in Moscow

RUSSIA The average vacancy on the Moscow retail market is to increase from its level of current 9.3 pct to 11.1 pct by the end of the year, according to a report by CBRE.

French cookware giant in Galeria Mokotów

POLAND French cookware brand Le Creuset has leased 53 sqm of retail space on the ground floor of the Galeria Mokotów shopping centre in Warsaw.

Forum Lviv attracts two tenants

Eurobuild CEE

UKRAINE Turkish shoe retailer Laboca and Ukrainian art materials store Art Mart are most recent newcomers to the Forum Lviv shopping centre in Lviv.

American fashion in Wroclavia

Ewa Andrzejewska

POLAND American fashion chain Forever 21 is to open its first store in Lower Silesia – in the Wroclavia shopping centre, which is being developed by Unibail-Rodamco.

Residential

Cornflower blue Polnord

POLAND Residential developer Polnord has started the development of the Chabrowe Wzgórze [Cornflower Hill] estate in Kowale near Gdańsk.

Construction

Tunnel opens for Hotel Mikołajki

Office & mixed-use development

POLAND A glass tunnel connecting two buildings of the five-star Hotel Mikołajki on Ptasia Wyspa in Mikołajki has now been opened.

From Intraco to Intraco

POLAND In October, Operator Logistyczny Paliw Płynnych [Logistics Operator of Liquid Fuels] and its parent company involved in the operation of the pipelines transporting Russian oil to the largest petrol manufacturers in Poland and Germany, are to be the latest new tenants of the Intraco City skyscraper in Warsaw.

Green projects

Westin Warsaw first to gain LEED

POLAND The Westin Warsaw has become the first hotel in Poland to obtain a LEED certificate for an existing building.

Burger King leases 100 sqm in Galeria Echo