News

Office & mixed-use development

Building-block tower in the heart of Warsaw

POLAND A skyscraper that looks as though it is made of gigantic building blocks, along with multi-level public areas with lavish greenery and fountains, is what can be seen on the latest visualistaions of the Centralna Park mixed-use complex in Warsaw, which is being developed by Xcity Investment.

Office & mixed-use development

Tensor catches fish producer

POLAND Tinned and preserved fish producer Thai Union Poland has leased 250 sqm of office space in the Tensor ‘X’ building in Gdynia.

Warehouse & industrial

Irca leases 800 sqm in Segro Ożarów

POLAND Italian-owned confectioner and baker Irca Polska has leased 800 sqm in Segro Business Park Warsaw, Ożarów.

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Technology

Home automation attracts resi developers

POLAND As developers increasingly implement smart home management systems in their project, an Israeli-based company has come up with a multifaceted app-supported platform that has already lured such residential development companies as Robyg, Ronson, Okam, DOR and Mill-Yon.

Office & mixed-use development

UPS takes up Łódź offices

POLAND Logistics giant UPS has leased 2,000 sqm of office space in GTC’s University Business Park building located at ul. Wólczańska 178 in Łódź. The tenant will run its new 130-people global shared services centre in the property.

Office & mixed-use development

Vertingis becomes Business Centre One after sale

LITHUANIA A business centre at Ukmergės G. 322 in Vilnius has been sold.

Technology

New Look mobile orders up 97 pct

WORLD In the first quarter of its 2015/2016 fiscal year, the UK-based fashion retail group New Look has seen a 97 pct y-o-y boost in the number of online orders placed on mobile devices.

Retail & leisure

Young fashion retailers turn towards men

WORLD Stradivarius, the Inditex-owned young women's fashion retail format, aims to launch a line for men in 2017. The news comes as one of the chain's biggest competitors, New Look, plans on opening its first menswear-only physical stores this year.

Investment & finance

PHN goes it alone with City Tower

POLAND Polski Holding Nieruchomości (PHN) is now to carry out the development of the City Tower office project in central Warsaw on its own, after the company and its partner until now – the Hochtief group – terminated cooperation agreements.

Construction

Final part of Sokratesa topped off

POLAND The II B stage of the Sokratesa Park & Art residential project in Warsaw was topped off on August 6th.

Residential

Ronson returns to form

POLAND In spite of a difficult beginning to 2015, Ronson Europe is expecting a good end to the year. In H1 2014 the company had the revenue of PLN 113 mln and in the current year the revenue decreased to PLN 94.2 mln.

Construction

Better access to Aleja Bielany

POLAND IKEA Centres Poland is to finance the redevelopment of an access road to the Park Handlowy Bielany in Wrocław, which is currently being extended.

Investment & finance

Torus sells Alchemia to REINO and Bluehouse

POLAND Developer Torus has sold the first phase of the Alchemia office project in Gdańsk to a joint-venture between a fund managed by Bluehouse Capital Advisor and investment vehicle REINO Dywidenda Plus. Cushman & Wakefield represented the seller in the transaction.

Warehouse & industrial

Record demand for Polish warehousing

POLAND The demand for warehouse space in Poland has reaches its highest level since 2008. In the first half of this year app. 1.17 mln sqm was leased – 20 pct more than in H1 2014, according to the latest report by JLL.

Office & mixed-use development

New office supply shrinks by 60 pct

RUSSIA Around 133,000 sqm of high quality office space was delivered to the Russian office market in Q2 2015, according to research by JLL Russia & CIS. In the first half of the year the amount of new office supply was estimated at 224,000 sqm – an almost 60 pct y-o-y reduction.

Warehouse & industrial

140,000 sqm of new warehouses

CZECH REPUBLIC Around 139,800 sqm of new production and warehouse space was delivered to the Czech industrial market during the first half of 2015, according to the Industrial Research Forum.

Warehouse & industrial

Faurecia expands in Gorzów

POLAND Logicor has completed a 12,820 sqm extension to the 17,300 sqm Faurecia warehouse and industrial hall located within the Logicor Gorzów park.

Warehouse & industrial

Slovak industrial market picking up

SLOVAKIA The Slovak industrial and logistics market showed increased activity in Q2 2015, mainly in terms of new leases. The total volume of closed transactions in Q2 2015 reached app. 53,000 sqm. Although the second quarter of last year was more active (by app. 15.5 pct), in comparison to Q1 2015 there has been a 22.5 pct increase in transactional activity.

Residential

Eika works in the Old Town

LITHUANIA Real estate developer Eika has started the renovation and management of a new project in Vilnius.