News

Green projects

Avia becomes green and golden

POLAND Avia office building, a joint project of the Kraków-based developer GD&K Group and CA Immo, has obtained LEED Gold certificate.

Construction

Work on Galeria Północna to start in July

POLAND Construction work on the Galeria Północna shopping centre in Warsaw’s Białołęka district is set to start at the beginning of July at the latest, according to Piotr Kroenke, the general director of Globe Trade Centre Polska, which is the property’s investor and developer.

White Stone Development takes over Fort Mokotów

POLAND White Stone Development has purchased the buildings that make up the historic Fort Mokotów fortification at ul. Racławicka 99 in Warsaw.

Technology

Samsung aims to seduce retailers with gesture-reading displays

WORLD Samsung Display, a manufacturer of OLED and LCD displays, has introduced mirror and transparent OLED display panels that recognize facial expressions and hand gestures.

Pbb Deutsche Pfandbriefbank to float shares on FWB

EUROPE Pbb Deutsche Pfandbriefbank is planning a listing on the prime standard segment of the Frankfurt Stock Exchange (FWB) in July.

Warehouse & industrial

Immofinanz makes money on bread

POLAND Polish bread and bakery manufacturer Nowakowski Piekarnie has leased 17,000 sqm in the Silesia Logistic Park which is owned by Immofinanz Group.

Remodeled Westgate Park Rudna sold

THE CZECH REPUBLIC London-based fund manager Europa Capital has sold its 90,000 sqm Westgate Park Rudna logistics project near Prague to Prologis.

Hotels

Marriott launches third Polish location

POLAND Marriott has opened its newest Polish property, a Courtyard by Marriott-branded hotel in Gdynia. The new property will form part of the 90,000 sqm Gdynia Waterfront complex that is currently being developed by Vastint (formerly SwedeCentre), a part of Inter IKEA Group, at the Gdynia wharfs.

Office & mixed-use development

Debt collectors to enter Gdynia’s Tensor

POLAND Polish debt collection company Best has signed an app. 2,000 sqm five-year lease agreement for office space in the first of the three Tensor office buildings that are currently being developed by Euro Styl in Gdynia’s Redłowo district.

Eurobuild Awards

Eurobuild Awards 2015 schedule

Investment & finance

Project Echo: mission almost accomplished

POLAND Polish developer Echo Investment been officially taken over.

Construction

Berger wins A1 motorway contract

POLAND A consortium of Berger Bau Polska and Berger Bau has been chosen by the Katowice branch of the General Directorate of National Roads and Motorways (GDDKiA) to construct a section of the A1 motorway near Częstochowa between the Blachownia interchange (excluding the interchange itself) and the Zawodzie interchange (including the interchange).

Investment & finance

PHN buys and leases Kaskada

POLAND Polski Holding Nieruchomości (PHN) has bought a section of the Kaskada office building in central Warsaw from Bank Ochrony Środowiska (BOŚ).

Griffin wins and loses over Łazienki barracks plot

POLAND The Warsaw appeals court has upheld a decision of the city council to rescind Griffin Real Estate’s perpetual usufruct rights for a plot neighbouring Łazienki Park, while the site development conditions for the land were also annulled by the administrative court.

Retail & leisure

Five new tenants in Galeria Pomorska

POLAND Galeria Pomorska in Bydgoszcz, which is being extended, has acquired five new tenants who will occupy a combined area of 860 sqm.

Retail & leisure

Echo moves closer to Katowice shopping centre start

POLAND Katowice city council has passed a new zoning plan for the south sub-centre of the city, which includes the junction of ul. Kościuszki and ul. Kolejowa, where Echo Investment is planning to build the Galeria Echo Katowice shopping centre.

AccorHotels launches itself as reservation platform

POLAND Accor, a strategic partner of Orbis, is changing its name to AccorHotels and will also provide access to its reservation system – AccorHotels.com – to independent hotels.

Warehouse & industrial

Expansive mood in P3 Bratislava

SLOVAKIA Two tenants have leased an additional 3,840 sqm of warehouse and office space at the P3 Bratislava industrial park.

Warehouse & industrial

Faurecia doubles Legnica plant

POLAND Automotive parts manufacturer and retailer Faurecia has signed an agreement with NBGI Private Equity to expand its plant in Legnica by 12,000 sqm of industrial space and 750 sqm of office space.

Investment & finance

Polnord launches bond issue

POLAND Residential developer Polnord has floated bonds worth PLN 50 mln as part of a bond issue programme of up to PLN 100 mln.