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News

Infrastructure

Budimex and Strabag take on S17

schedule 12 February 2016
Tomasz Szpyt-Grzegórski

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has signed contracts with Budimex and Strabag for the design and construction of the S17 expressway near Garwolin.

Architecture and urban planning

European Geological Education Centre among the best in the world

schedule 12 February 2016

WORLD The European Geological Education Centre, designed by the WXCA architectural studio, has been chosen as the best public utility facility in the world at the International Property Awards. However, it lost out to the Qatar Rail underground project in Doha in the global classification of the competition.

Retail & leisure

Sharman Church expands into street retail

schedule 12 February 2016
Rafał Ostrowski
journalist

CEE REGION Sharman Church Chartered Surveyors has opened a new department that will focus on high street retail and ground floor office units.

Hotels

Radisson Blu Riverside Hotel for Moscow

schedule 11 February 2016
Rafał Ostrowski
journalist

RUSSIA A 220-room Radisson Blu Riverside Hotel & Spa is to be opened in northwest Moscow in 2019, according to Russian daily Vedomosti.

Retail & leisure

Furniture on Nowy Świat

schedule 11 February 2016
Tomasz Szpyt-Grzegórski

POLAND Asymetria has become the latest tenant of the retail and service area in the Nowy Świat 2.0 office building in Warsaw.

Half of Erbud’s profits could be paid in dividends

schedule 11 February 2016
Eurobuild CEE

POLAND After its application has been assessed by the supervisory board, the management board of Erbud will recommend a dividend ranging from 30 to 50 pct of the net financial result generated in the previous financial year at a company general meeting.

Construction

Warbud to renovate Vilnius embassy

schedule 11 February 2016
Anna Pakulniewicz

LITHUANIA Warbud has been chosen to modernise the palace of the Pac family – the future Polish Embassy – in Vilnius.

Investment & finance

Atrium sells ten Czech retail centres

schedule 11 February 2016
Nathan North
deputy editor

CZECH REPUBLIC Atrium European Real Estate has completed the sale of a portfolio of ten retail assets in the Czech Republic to a private client account managed by Palmer Capital for EUR 102.6 mln.

Warehouse & industrial

Panattoni attracts two to Szczecin

schedule 11 February 2016
Rafał Ostrowski
journalist

POLAND Panattoni Europe has leased out 11,600 sqm of space to two new tenants in Panattoni Park Szczecin.

Office & mixed-use development

Marked increase in regional tenant activity

schedule 11 February 2016
Eurobuild CEE

POLAND Annual take-up on the Polish office market increased by 40 pct y-o-y across the country compared to 2014, according to the latest ‘Property Times Office Poland’ report by Cushman & Wakefield.

More guests come to Russian hotels

schedule 11 February 2016
Eurobuild CEE

RUSSIA In 2015, the average hotel occupancy in Moscow grew by 2.7 percentage points y-o-y, reaching 67.5 pct, while in St Petersburg it grew by an impressive 7.3 percentage points, reaching a solid 64.3 pct for the year, according to JLL.

Office & mixed-use development

HB Reavis signs 2,000 sqm new leases

schedule 10 February 2016
Eurobuild CEE

POLAND HB Reavis has signed four new leases for office and retail space in two Warsaw projects.

Polish ministries bash new retail tax

schedule 10 February 2016
Agata Kłapeć

POLAND Seven Polish ministries have submitted their reviews of the new retail tax law proposed by the Ministry of Finance. They criticise the scope of the new legal regulations and the way the new levy is to be charged, and worry about the negative impact it could have on Polish businesses and customers.

Investment & finance

E.Leclerc buys Aviator mall

schedule 10 February 2016
Tomasz Szpyt-Grzegórski

POLAND Pergranso, a subsidiary of the SOFILEC group (the owner of the E.Leclerc grocery chain), has acquired the Galeria Aviator shopping centre project which is currently being developed in Mielec.

Office & mixed-use development

Gdynia Waterfront in gold and platinum

schedule 10 February 2016
Rafał Ostrowski
journalist

POLAND The two buildings that form the first phase of the Gdynia Waterfront mixed-use complex have been awarded green certificates.

Office & mixed-use development

Tenants float into Zefir

schedule 10 February 2016
Ewa Andrzejewska

POLAND The first centre of Gaca System (1,700 sqm), the offices of the Provincial Marshal, Prorem-Agro as well as a start-up area are to be located in the Zefir office building, which is developed at ul. Żabi Kruk 16 in Gdańsk.

Office & mixed-use development

Vestor chooses Q22

schedule 10 February 2016
Nathan North
deputy editor

POLAND Vestor Dom Maklerski has leased 1,080 sqm in the Q22 building in central Warsaw. The financial brokerage company is to move into its new headquarters in H2 2016.

Office & mixed-use development

First tenant secured for Grzybowska 43

schedule 10 February 2016
Nathan North
deputy editor

POLAND The first lease for the Grzybowska 43 office building in central Warsaw has been signed with Newcon Hospitality Group.

Investment & finance

Kotva sold for EUR 80 mln

schedule 10 February 2016
Nathan North
deputy editor

CZECH REPUBLIC The Kotva department store on Naměstí Republiky in central Prague has been bought by Pražská Správa Nemovitostí, a company owned by property magnate Václav Skala – according to E15.

Mall in Kyiv to shut down

schedule 09 February 2016
Rafał Ostrowski
journalist

UKRAINE The Alta Center shopping centre on Moskovs'kyi Ave in Kyiv will soon be closing down, according to Ukrainian web portal Retail Community.

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