News

Technology

Silesia City Center tests out beacons

schedule 04 August 2015

POLAND The Silesia City Center shopping centre is Katowice is introducing beacons and has seen the opening of a new outlet.

Middle Eastern investors expected to spend USD 15 bln annually

schedule 05 August 2015
Rafał Ostrowski
journalist

POLAND Middle East investors are expected to spend an average of USD 15 bln per year on the real estate market globally, according to the latest research from CBRE.

Three new tenants come to Adgar Park West

schedule 05 August 2015
Rafał Ostrowski
journalist

POLAND Three tenants – Pharm Olam, Hakiel Dance Academy and Inmedio – have recently leased space in the Adgar Park West office complex in Warsaw.

Direkt Invest Polen malls obtain refinancing

schedule 05 August 2015
Rafał Ostrowski
journalist

POLAND Hamburg-based Direkt Invest Polen Funds has received a EUR 20 mln loan from MBank and MBank Hipoteczny to refinance its three shopping centres in Poland.

Office & mixed-use development

Business Garden Wrocław surfaces

schedule 05 August 2015
Nathan North
managing editor

POLAND Eight months after the beginning of the construction process, level zero of the Business Garden Wrocław has been completed.

Investment & finance

Savarin sold to Crestyl amid controversy

schedule 05 August 2015
Nathan North
managing editor

CZECH REPUBLIC The Savarin Palace revitalisation project in the centre of Prague has been bought from Irish property investor Ballymore by local developer Crestyl Group for a reported EUR 83 mln.

Investment & finance

Morgan Stanley consortium buys AEW Budapest portfolio

schedule 05 August 2015
Nathan North
managing editor

HUNGARY A consortium led by Morgan Stanley Real Estate Investing has purchased a portfolio of properties in Budapest from AEW Europe.

Office & mixed-use development

AIG/Lincoln sold off to White Star

schedule 04 August 2015
Rafał Ostrowski
journalist

WORLD AIG has sold its joint-venture development and property management company to White Star, headed by Brian Patterson, the former managing partner of the AIG/Lincoln Poland and Russia operations. The value of the transaction was not disclosed.

Office & mixed-use development

CBRE moves into OKO tower

schedule 04 August 2015
Rafał Ostrowski
journalist

RUSSIA CBRE has relocated its main Russian office to the OKO business centre in Moscow City.

Russian crisis hits Immofinanz

schedule 04 August 2015
Rafał Ostrowski
journalist

EUROPE Immofinanz is expected to see a EUR 361.4 mln loss in its 2014/2015 financial year, compared to a EUR 72 mln profit made last year, according to the company’s preliminary results.

Residential

Syrena Invest develops Wola apartments

schedule 04 August 2015
Ewa Andrzejewska

POLAND Syrena Invest, the developer of some Wilanów apartments, is now re-focusing on Warsaw’ Wola district where it will carry out its new residential project, Apartamenty na Woli.

South African investor targets Eastern European malls

schedule 04 August 2015
Agata Kłapeć

SOUTH AFRICA/ CEE REGION South African development and investment holding Atterbury Group has launched a new business that will focus on the shopping centre investments and retail development opportunities in Europe, and particularly the Eastern European region.

Investment & finance

Meyer Bergman wants exclusive ownership

schedule 04 August 2015
Aneta Cichla

POLAND Meyer Bergman, a co-owner of Galeria Katowicka, aims to take over the remaining shares in the mall from Neinver Polska and the Polish State Railways (PKP), its partners in this project.

Residential

Another stage of Tarasy Dionizosa kicked-off

schedule 04 August 2015

POLAND The third stage the Tarasy Dionizosa residential estate in Warsaw’s Białołęka district has been launched.

Retail & leisure

Nowy Rynek attracts more tenants

schedule 04 August 2015

POLAND TK Development has signed three new tenants for the Nowy Rynek shopping centre in Jelenia Góra.

Radom ring road contract signed

schedule 04 August 2015
Ewa Andrzejewska

POLAND A PLN 729.4 mln contract on the construction of the Radom ring road’s western part has been signed with Dragados last week, informed the General Directorate of National Roads and Motorways.

DTZ-C&W merger awaits EU decision

schedule 04 August 2015
Aneta Cichla

WORLD The European Commission is set to review the application for the approval of DTZ’s acquisition of Cushman & Wakefield by the DTZ agency by August 28th.

Investment & finance

Union Investment acquires Wrocław hotel

schedule 04 August 2015
Eurobuild CEE

POLAND Union Investment has bought the Radisson Blu hotel in Wrocław from its developer UBM Development.

Investment & finance

PZU markets six Polish properties

schedule 03 August 2015
Eurobuild CEE

POLAND Investment fund TFI PZU is putting up for sale four retail properties and two office parks with a total of 68,600 sqm of space.

Investment & finance

100 ha Warszawianka plots put up for sale

schedule 03 August 2015
Eurobuild CEE

POLAND Nieruchomości Orange Polska aims to sell two adjacent properties located on ul. Urocza in Warszawianka in the Lesznowola district near Warsaw.

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