News

Investment still up in Poland

POLAND This year, commercial real estate investment volume in Poland should be of a similar level to that seen in 2015 when combined transactions worth more than EUR 4 bln were signed, claims Colliers International. In H1 2016, the transaction volume stood at app. EUR 2 bln.

Prima Shop to be built in Oradea

ROMANIA Oasis Retail & Development Consulting is to construct its Prima Shops Oradea retail park project, claim local media.

Office & mixed-use development

Axi Immo moves to Spektrum Tower

POLAND Real estate consultancy Axi Immo has moved its offices to the Spektrum Tower building in central Warsaw where it occupies space on the 24th floor.

Growing demand for high-street retail space in Hungary

HUNGARY The demand for retail space in Hungary has increasingly been shifting towards high-street locations as most of the existing shopping centres in the country are now almost fully commercialised, according to the latest Retail Market View report by CBRE.

Delamode to come to Bucharest

ROMANIA AIC Industrial & Logistic Development is to build a 21,000 sqm warehouse facility in Bucharest Industrial Park.

Green projects

Crown Square with green credentials

POLAND The Crown Square office building in Warsaw has been granted a BREEAM In-Use certificate for energy efficiency and environmental performance at the ‘Excellent’ level.

Strabag builds Malbork bridge

POLAND Strabag has opened a new bridge on the Nogat river in Malbork.

RTV Euro AGD to debut in Olkusz

POLAND RTV Euro AGD is to open its first store in Olkusz in Quick Park.

Good sales for Victoria

POLAND Warsaw-based developer Victoria Dom has seen its highest ever sales with 509 apartments sold within the first nine months of the year up by 40 pct on the same period of last year.

Mercure hotel in Opole under sale

POLAND The Orbis hotel group has signed a preliminary contract to sell the Mercure hotel in Opole for PLN 10.5 mln with the sale scheduled to be completed before the end of November.

CCC revenue up

POLAND Footwear retailer CCC has recorded a revenue of PLN 249 mln for September, representing a y-o-y rise of 27.9 pct.

Vantage sales up by over 50 pct

POLAND Vantage Development sold 172 apartments over the third quarter of the year representing a 54 pct increase on the 112 apartment sales closed in Q3 2015.

Strong September showing for LPP

POLAND The LPP group has recorded a revenue of PLN 457 mln for September representing a 20 pct increase on September last year.

Investment & finance

HB Reavis sells another mall to NEPI

SLOVAKIA HB Reavis Central Europe Real Estate Fund (CEREIF) has sold the Aupark Piešťany shopping centre to South African investment company New Europe Property Investments (NEPI) for EUR 39.5 mln.

Retail & leisure

Rockwool enters Maraton

POLAND Stone wool producer Rockwool has leased 1,546 sqm of modern office space in the Maraton office building, which is being developed by Skanska Property Poland on ul. Królowej Jadwigi in Poznań.

Warehouse & industrial

Prologis to develop speculatively in Slovakia

SLOVAKIA Prologis is planning to build a 21,140 sqm speculative warehouse at Prologis Park Bratislava.

Office & mixed-use development

Almost full at Equator II

POLAND Karimpol Polska, the owner of the Equator II office building, has signed three lease agreements for a total of 600 sqm of floor space.

Moscow office completions halved

POLAND The total volume of office completions in Moscow in the first three quarters of 2016 came to 250,000 sqm – 46 pct less than in the same period of 2015, according to CBRE.

Eurobuild Awards

Call for entries to the Eurobuild Awards 2016!

Green projects

Mennica recognised for greenness

POLAND The Mennica Legacy Tower office development in Warsaw has been named best green design for 2016 at the Green Building Awards organised by the Polish Green Building Council (PLGBC).