News

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).

Investment & finance

Terra Casa secures funds for Wola project

POLAND MBank Hipoteczny has granted a loan to TC Forum Art Deco for the financing of the Art Deco – Apartamenty na Woli project in Warsaw’s Wola district.

Residential

Record quarter for Dom Development

POLAND Dom Development, the biggest developer in Warsaw in terms of residential projects, sold 705 apartments in Q3 this year.

Warehouse & industrial

Logistics park planned near Poznań

POLAND Poznań Business Park is to be developed by Ajaks in Komorniki, near Poznań’s western ring road.

Residential

Archicom: 50 pct more

POLAND Wrocław residential developer Archicom sold 267 apartments in Q3 – 50 pct more than the same period last year.

Copernicus Capital TFI creates real estate fund

POLAND The Reduto Dochodowych Nieruchomości FIZAN fund, which is managed by Reduto Partners under the umbrella of Copernicus Capital TFI, has been established.

Hotels

Radisson more red in Eastern Europe

LITHUANIA Rezidor, a member of the Carlson Rezidor Hotel Group, has signed its first agreement to open a Radisson Red in the Baltics, Russia and CIS region.

Wrocław still has retail potential

POLAND Wrocław now has 654,500 sqm gla in 18 shopping centres with a density of 821 sqm per 1,000 inhabitants – according to a report just published by Colliers International. On average there are now 43,890 local residents per shopping centre. The average annual purchasing power of the city’s inhabitants comes to PLN 41,890 per sqm of shopping centre

Office & mixed-use development

Ascenta completes another Coresi building

ROMANIA Ascenta Management has completed the first building in the second phase of Coresi Business Park in Brașov.

Investment & finance

Deka buys The Park in Prague

CZECH REPUBLIC Deka Immobilien has signed an agreement to purchase The Park office complex in Prague 4 (Pankrác) from an affiliate of Starwood Capital Group.