News

Construction

Work advances on Timpuri Noi Square

schedule 05 November 2015
Eurobuild CEE

ROMANIA Vastint has laid the cornerstone for the first stage of its Timpuri Noi Square mixed-use project in Bucharest.

Benteler chooses Panattoni for VW closeness

schedule 05 November 2015
Nathan North
managing editor (English section)

POLAND Van parts and chassis manufacturer Benteler Automotive has leased app. 6,600 sqm at Panattoni Park Września.

Vacancy falls to pre-crisis low

schedule 05 November 2015
Nathan North
managing editor (English section)

CZECH REPUBLIC At the end of Q3 2015, the vacancy rate for industrial space in the Czech Republic stood at 5.7 pct, having decreased by 122 bps since Q2 2015 – a record-low since the pre-crisis period, according to data published by the Industrial Research Forum.

Warehouse & industrial

Best ever industrial results – JLL

schedule 05 November 2015
Nathan North
managing editor (English section)

POLAND Industrial space take-up in Poland has now reached 1.6 mln sqm for the year, according to research by JLL. The share of speculative development under construction has increased while the vacancy rate has dropped.

Technology

ThyssenKrupp uses IoT to preempt elevator breakdowns

schedule 03 November 2015
Agata Kłapeć

WORLD German elevator manufacturer ThyssenKrupp has joined forces with Microsoft to develop a predictive elevator maintenance service that calculates the remaining lifetime of key systems and components in real-time to prevent breakdowns.

Hotels

Another Hilton to open in Moscow

schedule 03 November 2015
Rafał Ostrowski
journalist

RUSSIA Hilton Worldwide is planning to open another Hilton Hotel in Moscow. Hilton Moscow Tverskaya Luxe will be located on Tverskaya Street in the historic building of the former Centralnaya Hotel, which dates back to the nineteenth century.

Retail & leisure

Swedish anchor in Mysłowice

schedule 03 November 2015
Aneta Cichla

POLAND Swedish clothing brand H&M is to open a store in Quick Park in Mysłowice. The new tenant has leased an area of over 1,700 sqm in the almost completed shopping centre.

Residential

Vantage Development to add to Nowe Żerniki

schedule 03 November 2015
Aneta Cichla

POLAND Vantage Development is to build an estate as part of the Nowe Żerniki urban planning project in Wrocław.

Hotels

Bristol Rzeszów renovated

schedule 03 November 2015
Anna Pakulniewicz

POLAND The newly-renovated Bristol Tradition & Luxury hotel has opened at ul. Rynek 20-23 in Rzeszów.

Few intelligent houses in Lithuania

schedule 03 November 2015
Anna Pakulniewicz

LITHUANIA Residential developers active in Lithuania are mainly focusing on lowering costs and are not interested in the construction of intelligent houses, according to a study by Inreal.

Retail & leisure

H&M expands online presence

schedule 03 November 2015
Agata Kłapeć

WORLD H&M has opened its online store in Russia. The move follows the recent launch of H&M’s online platform in Switzerland.

Office & mixed-use development

Griffin holds onto Microsoft

schedule 03 November 2015
Tomasz Szpyt-Grzegórski

POLAND The Polish subsidiary of Microsoft is to remain the anchor tenant in the Company House II office building at Al. Jerozolimskie 195A in Warsaw.

Hotels

Seaside spa from Saukupa

schedule 03 November 2015
Anna Pakulniewicz

LITHUANIA A spa and wellness complex on the Baltic Sea is to be officially opened on November 7th.

Retail & leisure

More Szachownica stores on their way

schedule 03 November 2015
Aneta Cichla

POLAND The Szachownica clothing chain is to expand its network of stores. Four new outlets of the brand are to be opened before the end of this year.

Investment & finance

Orbis investing and expanding

schedule 03 November 2015
Aneta Cichla

POLAND Over the next three years the Orbis hotel group is to expand with another 21 hotels operating on the basis of franchise and management agreements as well as three own hotels which are currently under construction. In Q3 of this year the company opened five new facilities, which operate on a franchise basis. These include hotels in Poland, Romania and Lithuania.

Office & mixed-use development

Enel-Med leases space in Crown Square

schedule 03 November 2015
Rafał Ostrowski
journalist

POLAND Medical centre chain Enel-Med has leased 1,013 sqm of space on the ground floor of the Crown Square office building in Warsaw’s Wola district.

Office & mixed-use development

MOM Park Towers signs 2,000 sqm deals

schedule 03 November 2015
Eurobuild CEE

HUNGARY The owner of the 11,500 sqm MOM Park Towers office complex in Budapest, represented by Cushman and Wakefield, has signed five lease deals for a total of 2,000 sqm of office space.

Human resources

Kappahl hires former H&M executive as new CEO

schedule 03 November 2015
Agata Kłapeć

WORLD Danny Feltmann Espersen has been appointed the new president and CEO of the Swedish fashion retailer Kappahl. He will assume his new position on December 1st, 2015.

Hotels

Radisson Blu Olympiysky Hotel to open in Moscow

schedule 03 November 2015
Rafał Ostrowski
journalist

RUSSIA Carlson Rezidor has announced plans to open the Radisson Blu Olympiysky Hotel in Moscow.

Strongest H1 since crunch

schedule 02 November 2015
Rafał Ostrowski
journalist

WORLD Global commercial real estate investment reached USD 407 bln in the first half of the year, the strongest first half since 2007, according to the latest research from global property advisor CBRE Group.

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