News

Echo releases H1 results

POLAND Echo Investment Group has released its results for H1 2016 recording a revenue of PLN 280.5 mln compared to PLN 273.8 mln for the same period of the previous year. Gross sales profit was up by PLN 10.5 mln to PLN 145.4 mln with an operating profit up from PLN 31.3 mln to PLN 404 mln and net profit up from PLN 22.7 mln to PLN 299 mln.

Architecture and urban planning

Art House to open in the spring

POLAND The Art House art gallery is to be developed near Warsaw’s Ujazdowski Park. The project, at the junction of ul. Piękna and ul. Johna Lennona, will also serve as the new headquarters of the Desa Unicum auction house, which is currently situated on ul. Marszłkowska, in a building owned by MDM estate.

Architecture and urban planning

Negotiations broken off for Goleniów station

POLAND The Goleniów administrative district has broken off talks with Graz-based architectural studio Riegler Riewe Architekten, the winners an architectural competition for the concept for a communication and cultural centre on the site of Goleniów railway station.

Retail & leisure

Beer and exhibitions in Focus Mall Bydgoszcz

POLAND A Bierhalle restaurant and Bydgoszcz exhibition centre have both leased units in a historic building that forms a part of the Focus Mall shopping centre in Bydgoszcz.

Retail & leisure

The old and the new in Jurajska

POLAND Nine new brands have leased spaced Galeria Jurajska and four have opted to occupy larger premises in the shopping centre in Częstochowa.

Ronson convinces bond buyers

POLAND Ronson Europe has issued P-series bonds with a nominal value of PLN 10 mln in a public offer – the first public bond issue by the developer, with others set to follow.

Erbud to build a hotel and an apartment house

POLAND Erbud is to build the Włodarzewska 30 residential project in Warsaw at the price of PLN 32.2 mln.

Hotels

DeSilva prepares for opening

„„POLAND After Opole it is now time for Poznań. The DeSilva chain of hotels is to open a new premium hotel in autumn.

Architecture and urban planning

Nizio takes up Lublin pearls

„„POLAND Nizio Design International is to carry out the design work for the Royal Palace and Kraków Gate in Lublin.

Very Good Eight

POLAND Eight buildings owned by Savills Investment Management have been awarded BREE AM In-USE certificates at the ‘Excellent’ and ‘Very Good’ levels.

Porr wins record orders

EUROPE At the end of the first half of the year, Porr’s order portfolio amounted to EUR 5.48 bln signifying a 13.5 pct y-o-y increase and reaching new record high.

Retail park in Radomsko

POLAND Adept group has bought a 0.74 ha plot at the junction of ul. Prymasa Wyszyńskiego, ul. Fabianiego and ul. Tysiąclecia in Radomsko for the development of a retail park.

Retail & leisure

1,600 sqm more taken up in Galeria Młociny

POLAND A C&A store with an area of 1,600 sqm is to be opened on the first floor of Galeria Młociny in Warsaw. C&A Europe currently has more than 1,600 outlets in 21 European countries.

Retail & leisure

Delayed opening for Zgierz market halls

POLAND The opening of the second pavilion of the market halls in Zgierz has been scheduled for the second half of September, after being pushed back from the original deadline of August. The identities of the latest tenants secured for the halls have yet to be revealed, however.

Construction

Skanska to build national archive

POLAND The directorate of the Polish National Archive has contracted Skanska for the construction of its new main centre on ul. Mickiewicza in Białystok. The contract is worth PLN 20 mln.

Eurocash to come to Marynarska

POLAND Food wholesaler Eurocash Group is to lease four floors in one of the buildings in Marynarska Business Park, which is owned by Heitman. From June 2017 the company is to occupy a total of 4,618 sqm in the Warsaw complex.

Architecture and urban planning

Meet the mayor at Three Crosses Square

Investment & finance

GTC debuts in South Africa

POLAND/SOUTH AFRICA Central European developer and property owner Globe Trade Centre, which has so far been listed on the Warsaw Stock Exchange, is the first Polish company to list on the Johannesburg Stock Exchange (JSE).

Retail & leisure

Maxima XX to open in the autumn

LITHUANIA Maxima LT is to open a new administrative building together with a new supermarket of the chain. Maxima LT, the owner of the Maxima retail chain operating in the Baltic States, is to move into a new HQ at 84 Naugarduko street in Vilnius by the end of the year.

Technology

More intelligent, without drilling

POLAND Advanced building automation company Fibaro is now offering to install Smart Home and Internet of Things (IoT) systems without the need for renovating rooms.