News

The wheels are now moving on the Eurobuild Awards 2016!

Foreign investment hits historic lows

RUSSIA In 2015 foreign investment in commercial real estate in Russia amounted to USD 540 mln, according to research by Knight Frank.

Budimex to build S3 road

POLAND A consortium of Budimex and Ferrovial Agroman has signed a PLN 153.2 mln net contract with the Zielona Góra division of the General Directorate of National Roads and Motorways on the construction of the second lane of S3 expressway in the Sulechów – Nowa Sól section (section III).

Strabag wins another GDDKiA contract

POLAND Strabag has been commissioned by the General Directorate for National Roads and Highways (GDDKiA) to design and build the S8 expressway between Radziejowice and Przeszkoda (Żyrardów county) in a contact worth EUR 57 mln.

Residential

Planetbud develops Osiedle Liliowe

POLAND Osiedle Liliowe residential project is to be erected on ul. Cieszkowskiego in Swarzędz.

Office & mixed-use development

I2 works on three office projects

POLAND I2 Development, a company known predominantly as a residential development, is to develop three office projects in the centre of Wrocław.

Slovakian investment reaches EUR 412 mln in 2015 – JLL

SLOVAKIA The total investment volume for Slovakian real estate in 2015 came to app. EUR 412 mln, according to research by JLL.

Investment & finance

IKEA to develop another Russian mall

RUSSIA IKEA Centres Russia has acquired a 40 ha land plot in the Sosnovskiy district located within the Chelyabinsk region where it plans on developing a new Mega-branded shopping centre.

First Knight Frank fund raises more than GBP 300 mln

UNITED KINGDOM Knight Frank Investment Management, the investment management arm of Knight Frank, has successfully completed its first close on a new open-end fund at the level of over GBP 300 mln.

Colliers sees 9 pct revenue increase

WORLD Colliers International Group recorded USD 1.72 bln in revenue in 2015.

Panattoni to develop factory in central Poland

POLAND Panattoni Europe is set to deliver an over 6,300 sqm BTS manufacturing facility for the Norwegian automotive group Kongsberg Automotive in Koluszki in central Poland.

Kyiv warehouses cheaper than ever

UKRAINE In 2015 rents for warehousing space in the Greater Kyiv area hit historic lows in US dollar terms at the end of last year, according to the latest report by DTZ Ukraine.

Office & mixed-use development

New tenants move into Browar

POLAND Adecco has taken up its new office in Browar Lubicz in Kraków. The recruiters leased 315 sqm of space in the mixed-use project's B building.

Office & mixed-use development

Tenants migrating to Equator II

POLAND Six new tenants have signed leases for space in Karimpol Polska’s Equator II office building in Warsaw’s Ochota district.

Investment & finance

Redside buys prime Prague office portfolio

CZECH REPUBLIC Local investor Redside has successfully completed the acquisition of four office buildings in Prague from a German investment fund.

Technology

World’s largest fashion retailer takes on CEE

CEE REGION Spanish fashion retail group Inditex is set to make an online debut on nine CEE online markets where it is about to launch e-stores for all its brands, namely Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, in upcoming weeks.

Retail & leisure

New Inditex brand launches in Poland and Romania

CEE REGION From April all Inditex brands: Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, will sell online across 28 EU member states.

Office & mixed-use development

EY begins global IT centre in Bema Plaza

POLAND EY Global Delivery Network has leased 2,111 sqm in the Bema Plaza office building in Wrocław.

Warehouse & industrial

P3 expanding in Bucharest for existing and new tenants

ROMANIA P3 is preparing to start the construction of a third new warehouse at P3 Bucharest park.

Investment & finance

Immofinanz braced for EUR 400 mln Russian write-down

RUSSIA At the end of January, Immofinanz commissioned CBRE, its the newly appointed appraiser for its CEE portfolio, to prepare a special appraisal of Immofinanz’s Russian properties.