News

SERBIA Swedish furniture retailer IKEA has obtained building permit for its first, 38,900 sqm store in Serbia.

Nokia leases 25,000 sqm from Futureal

HUNGARY Nokia Networks has leased a 25,000 sqm office building in the Corvin Promenade mixed-use complex in the centre of Budapest.

Altus in Katowice attracts newcomers

POLAND BDO, itWorks and GDF Suez Energia Polska have leased space in the Altus office building in Katowice.

1.4 mln sqm of office space under construction

POLAND App. 1.4 mln sqm of office space is currently under construction in Poland, half of which (755,000 sqm) is located in Warsaw, according to the ‘Business Services Sector in Poland 2015’ report co-authored by JLL.

Green projects

Ecological solutions in Sadyba Best Mall

Aneta Cichla

POLAND The Sadyba Best Mall shopping centre in Warsaw has obtained BREEAM In-Use certificates at the ‘Very Good’ level in the asset (the building) and building management categories.

Investment & finance

Dekpol secures financing for Młoda Morena

Aneta Cichla

POLAND Dekpol, the developer of the Młoda Morena residential estate in Gdańsk, has acquired a PLN 49 mln loan from Getin Bank for the construction of the project.

Construction

KB Dom wins contracts worth PLN 110 mln

Aneta Cichla

POLAND Korporacja Budowlana Dom has been awarded four general contractor contracts for residential buildings across Poland.

Residential

Shortfall of as many as 7,500 luxury homes

Anna Pakulniewicz

POLAND The Polish luxury housing market is still in its early stages of development, according to the latest report by KPMG and Reas, with the potential demand significantly exceeding the supply.

Polish service centre boom continues

Ewa Andrzejewska

POLAND According to the latest ABSL report, ‘The Modern Business Services Sector in Poland, 2015’, service centres with foreign capital are currently employing 150,000 specialists in 532 centres. This means that since April 2014, such companies have created 22,000 jobs across the country. Around 60 new Polish centres have been opened since the beginning of 2014.

Moscow hotel revenues down, except for luxury segment

RUSSIA Revenue per available room in Moscow hotels in January–May decreased 5 pct compared to the same period last year, according to a report by JLL Hotels & Hospitality Group.

Capital Group to invest EUR 500 mln in Sofiyskaya embankment project

RUSSIA Moscow-based developer Capital Group is planning to invest RUB 25–30 bln (EUR 410–500 mln) in a new development on the Sofiyskaya embankment on the Moskva River opposite the Kremlin.

Technology

IKEA trials smaller, ecommerce-enabled store format

UNITED KINGDOM Swedish furniture retailer IKEA is testing a new smaller store concept, called "Order and Collection point", across selected British local markets in an effort to expand the reach of its online and physical stores.

Retail & leisure

Bolshevik turns into Cosmopolite

UKRAINE Bolshevik, one of the largest shopping centres in Kyiv, has changed its name to Cosmopolite. According to the Ukrainian Retail Association, the goal was to distance itself from communist symbolism. The name-change took place on June 21st.

Plaza disposes of yet another Romanian plot

ROMANIA Israeli-financed shopping centre developer Plaza Centers is selling off a 46,500 sqm development site in Iasi to an undisclosed buyer for EUR 7.3 mln.

Bilfinger sheds two more divisions

EUROPE German real estate, engineering and construction company Bilfinger has sold its infrastructure division to the Austrian construction company Porr for app. EUR 20 mln net. Bilfinger also plans on starting a structured selling process for its loss-making power division by the end of this year.

Green projects

Spektrum Tower certified

Anna Pakulniewicz

POLAND Warsaw’s Spektrum Tower has obtained BREEAM certification with ‘Very Good’ rating.

CA Immo lets 5,000 sqm in Kraków

POLAND Three IT companies have leased a total of app. 5,000 sqm of office space in Kraków's Avia office building, which is now 95-pct leased.

Amazon takes up Prague offices

CZECH REPUBLIC Amazon is opening a 5,800 sqm office in the 16,200 sqm Blox office building in Prague 6. The Seattle-based online merchant will have an option to expand the lease in the future.

Warsaw’s Atrium 2 reaches halfway point

Eurobuild CEE

POLAND The 15-storey Atrium 2 office building that is currently being developed on ul. Pereca in Warsaw by Skanska Property Poland has just reached the eighth floor.

Technology

‘Commute and collect’ locations on the rise