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News

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.

52 brands entered Russia last year

schedule 29 February 2016
Rafał Ostrowski
journalist

RUSSIA Despite the negative economic conditions, 52 new international brands entered the Russian market in 2015, according to the ‘How active is the Russian Retail Market?’ report by CBRE.

Retail & leisure

Allee nearly 100-pct leased

schedule 29 February 2016
Eurobuild CEE

HUNGARY Last year the number of visitors to the Allee shopping centre in Budapest has exceeded 17.5 mln. At the same time the mall’s commercialization rate reached almost 100 pct.

CBRE fund raises USD 840 mln

schedule 29 February 2016
Eurobuild CEE

EUROPE CBRE Global Investment Partners (GIP) has raised a total of USD 840 mln of equity from six investors at the final close of its European value-add fund.

Retail & leisure

Mothercare shuts down Polish stores

schedule 29 February 2016
Eurobuild CEE

POLAND All the Polish locations of the British children goods retailer Mothercare are to be closed down soon.

Retail & leisure

Green Caffe Nero to open in Astoria

schedule 29 February 2016
Eurobuild CEE

POLAND Coffee shop chain Green Caffe Nero has leased over 220 sqm of space in the Astoria Premium Offices building which is currently being developed by Strabag Real Estate in central Warsaw.

Retail & leisure

New brands flock to Prague

schedule 29 February 2016
Anna Pakulniewicz

CZECH REPUBLIC Last year was notable for the number of new brands appearing in Prague, both on its high streets and in shopping centres – and this trend is to continue this year, according to a report just published by JLL.

Office & mixed-use development

Lawyers take whole storey of Moniuszki 1A

schedule 29 February 2016
Tomasz Szpyt-Grzegórski

POLAND The Path Augustyniak, Hatylak i Wspólnicy law firm together with Awans Corporate Services have decided to lease the whole story in the office building Moniuszki 1A in central Warsaw.

Retail & leisure

Sports Direct leases space in Galeria Metropolia

schedule 26 February 2016
Rafał Ostrowski
journalist

POLAND Sportswear and sports equipment retailer Sports Direct has leased 1,660 sqm of space in the Galeria Metropolia shopping centre which is currently being developed in Gdańsk’s Wrzeszcz district.

Interior design

#Hush and quiet in cubic-shaped furniture

schedule 26 February 2016
Anna Pakulniewicz

POLAND #Hush from Mikomax Smart Office is a specially designed piece of furniture that can be used to divide up office space in an efficient and easy way without putting up additional walls

Investors optimistic about the future

schedule 26 February 2016
Rafał Ostrowski
journalist

EUROPE Only 7 pct of the surveyed real estate professionals expect their profits to decrease in 2016, according to the “Emerging Trends in Real Estate. Europe 2016” report by PwC and Urban Land Institute.

Office & mixed-use development

Atrium 2 signs second tenant

schedule 26 February 2016
Eurobuild CEE

POLAND Fintech company Bravura Solutions signed a 1,200 sqm lease agreement for office space in Warsaw’s Atrium 2 office building.

Architecture and urban planning

Danish studio triumphs in Tallinn

schedule 25 February 2016
Anna Pakulniewicz

ESTONIA The Enhanced Urban Movement architectural project by Clement Lobbens and Frederique Barchelard from Denmark has won Tallinn Architecture Biennale’s vision competition “Epicentre of Tallinn”.

Office & mixed-use development

State office building taken over

schedule 25 February 2016
Anna Pakulniewicz

LATVIA Valsts Nekustamie Īpašumi (State Real Estate) has become the sole owner of 100 pct shares in Biroju Centrs Ezerparks, the owner of the same-named office complex.

Construction

Work advances on Skanska Katowice project

schedule 26 February 2016
Eurobuild CEE

POLAND The second building of Silesia Business Park, which is currently being developed by Skanska in Katowice, has officially opened.

EIB and Šiaulių Bankas help update Lithuanian blocks

schedule 26 February 2016
Anna Pakulniewicz

LITHUANIA Šiaulių Bankas and the European Investment Bank will support the renovation and modernisation of around 350 multi-apartment buildings in Lithuania.

Polish retail is not slowing down

schedule 25 February 2016
Eurobuild CEE

POLAND About 700,000 sqm of retail space is scheduled to come onto the Polish market by the end of 2017, of which 450,000 sqm is expected to be completed in 2016, according to Cushman & Wakefield’s “Property Times” report.

Global real estate investment likely to increase

schedule 10 January 2016
Rafał Ostrowski
journalist

WORLD Over a half (52 pct) of the 600 investors surveyed by Colliers International is planning to increase real estate fund allocations in 2016, while only 11 pct of the respondents to decrease their investment, according to the “Global Investor Outlook” report.

Hotels

The capital with three top hotels in Lithuania

schedule 25 February 2016
Anna Pakulniewicz

LITHUANIA 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 Lithuania, where 10 best TripAdvisor hotels were revealed.

Prague residential market breaks record

schedule 25 February 2016
Rafał Ostrowski
journalist

CZECH REPUBLIC Around 6,700 apartments are scheduled to be completed in 2016 in Prague, which will be the best annual result since 2009, says JLL.

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