News

Berlin Hyp happy with half-year results

GERMANY Berlin Hyp has reported an operating profit before tax of EUR 31.5 mln for H1 2016, compared with the EUR 39.9 mln recorded in the same period last year.

Retail parks to blossom

EUROPE By the end of the year 1.3 mln sqm of retail park space is set to be delivered across Europe, up 50 pct on 2015’s total, according to the European Retail Park Development Report by Cushman & Wakefield.

YIT finishing first stage of Novo Orlovsky

RUSSIA Finish developer YIT is planning to complete the first phase of its huge residential Novo Orlovski project in northern St Petersburg in October.

Office & mixed-use development

XL Catlin at Pegaz in Wrocław

POLAND XL Catlin will occupy over 5,700 sqm at the Pegaz office complex in Wrocław.

Sonae Sierra sees recovery in Europe

EUROPE Sonae Sierra posted a net profit of EUR 59 mln, improved its tenant sales in Europe in H1 2016.

Office & mixed-use development

Skanska to develop in Gdańsk

POLAND Skanska is planning to develop a new office building in Gdańsk's business district, at ul. Grunwaldzka 343-345, opposite the University of Gdańsk campus. It is to be Skanska office unit's first investment in the TriCity. The developer has already acquired a 0.9 ha plot, formerly occupied by Centrostal.

Investment & finance

Aviva offloading warehouse building in Łódź

POLAND Aviva Investors has sold the B1 building and a 3.5 ha plot of land at the Łódź Business Park to Panattoni Europe, with Savills having brokered the transaction on behalf of the vendor. The value of the transaction has not been disclosed.

Two (in one) hotels opened in Wrocław

POLAND A complex consisting of two hotels, the Novotel Wrocław Centrum and the Ibis Wrocław Centrum, was officially opened today.

PTB Nickel builds production facility in Greater Poland

POLAND PTB Nickel is to build a project for Mróz in Wielkopolska region.

Residential

Archicom launches latest stage of Słoneczne Stabłowice

POLAND The new phase of the Słoneczne Stabłowice project in Wrocław will include three buildings with 76 apartments.

Warehouse & industrial

Panattoni Europe builds project for Harper Hygienics

POLAND Panattoni Europe has started work on the building site of the warehouse hall for Harper Hygenics in Jakubów, near the Mińsk Mazowiecki bypass (part of the A2 motorway).

First 24-hour fitness club in Bydgoszcz

POLAND Bydgoszcz’s first 24-hour fitness club, StepOne Fitness, was opened in Focus Mall.

Ronson issues bonds worth PLN 15 mln

POLAND Ronson issued Q-series bonds on July 29th with a nominal value of PLN 15 mln.

Skanska buys land for skyscrapers in Wola

POLAND Eastside – Bis from the Impexmetal group has concluded contracts with companies from the Skanska Group concerning the sale of an investment project which could be carried out on a property located at ul. Łucka 7/9 in Warsaw with an area of 5,727 sqm. The new owner is to spend a net amount of app. PLN 96 mln.

Tenant satisfaction survey in progress!

Dom Development waltzes into Ursynów

POLAND Dom Development is has started the sale of apartments in the Wille Taneczna estate. The project is to be built at ul. Taneczna 61 in Warsaw’s Ursynów district. The offer includes 119 apartments with areas ranging in size from 37.02 sqm to 99.66 sqm. The construction is to start soon.

Młyn Maria in Wrocław to be revamped by RealCo

POLAND RealCo Property Investment and Development has reported that last March it purchased a historical property in Wrocław – the Młyn Maria complex. The company is planning to renovate it while preserving its historical architectural details. The Maćków studio is responsible for the design.

Construction

Auchan Hetmańska to expand

POLAND The expansion of the Auchan shopping centre in Białystok is about to start. Thanks to the new extension the shopping centre is to gain an extra 5,800 sqm retail area. The general contractor of the project on ul. Hetmańska is Instal Białystok. The opening of the new extension is planned for H1 2017.

Warsaw Concierge teams up with Ovo Wrocław

POLAND The Ovo Wrocław complex has started cooperation with a supplier of concierge services in Poland – the Warsaw Concierge Group.

Infrastructure

A4 is now complete

POLAND The final stretch of the A4 motorway from Rzeszów to Jarosław, which was constructed by a consortium of Budimex and Strabag, is now complete. The official opening of the Rzeszów East – Jarosław section of the A4 motorway took place on July 20th. The A4 motorway is part of the route stretching from Western Europe to Ukraine.