PL

News

Investment & finance

Atrium agrees to buy Arkády Pankrác

schedule 22 January 2015
Nathan North
deputy editor

CZECH REPUBLIC Atrium European Real Estate Limited has signed an agreement to acquire a 75 pct stake in the Arkády Pankrác shopping centre in Prague for EUR 162 mln.

Warsaw office vacancies on the rise

schedule 22 January 2015
Anna Pakulniewicz

POLAND At the end of 2014, the total area of modern office stock in Warsaw reached app. 4.39 mln sqm, according to the latest report by the Warsaw Research Forum.

Retail & leisure

Carrefour redevelops another property

schedule 22 January 2015
Aneta Cichla

POLAND Carrefour Polska has modernized its retail property in Tomaszów Mazowiecki. The renovation work involved a 1,200 sqm extension of the shopping arcade, a change of the store format (from a supermarket to a hypermarket) and the interior and facade remodelling.

Gazit-Globe becomes Atrium’s majority shareholder

schedule 22 January 2015
Agata Kłapeć

WORLD Gazit-Globe, an Israeli real estate investor that holds a 39.99-pct stake in Atrium European Real Estate (AERE), is acquiring 52,069,622 ordinary shares of AERE, which account for an app. 13.87 pct stake in the company. The shares are being taken over from a consortium managed by CPI CEE Management, which will now have no AERE shares, for a total of app. EUR 229 mln in an off-market transaction.

Budapest industrial space sees high demand

schedule 22 January 2015

HUNGARY In Q4 2014, demand for the Budapest industrial space showed a strong performance as the total volume of lease transactions reached 128,465 sqm, increasing two-fold q-o-q and hitting the Q4 2013 take up level, according to the Budapest Research Forum (BRF).

Technology

Smartwatch-supported groceries underway

schedule 22 January 2015
Agata Kłapeć

UNITED KINGDOM Organic foods retailer Whole Foods Market has teamed up with the multinational technology provider Rehabstudio to develop a shopping system that allows for doing highly-personalized in-store groceries with a help of wearables such as smartwatches.

Warsaw continues to dominate the region

schedule 22 January 2015
Aneta Cichla

POLAND Warsaw has been ranked 14th in the most attractive places in Europe for investing in real estate, in the Emerging Trends in Real Estate Europe 2015 survey that has just been published by PwC and the Urban Land Institute (ULI).

Biedronka and Sphinx at Wrocław Główny station

schedule 22 January 2015
Aneta Cichla

POLAND Two new tenants – a Sphinx restaurant and a Biedronka grocery discount store – have started the design work for their new outlets at the Wrocław Główny station.

Murapol planning another Kraków project

schedule 22 January 2015
Tomasz Szpyt-Grzegórski

POLAND Murapol has finalised the purchase of a 0.85 ha site on ul. Poznańska in Kraków.

Office & mixed-use development

New tenants in new Carpathia

schedule 22 January 2015
Anna Pakulniewicz

POLAND GD&K Group has secured a new lease agreement for its Carpathia office development in Warsaw.

Retail & leisure

TK Maxx enters Katowice

schedule 22 January 2015
Aneta Cichla

POLAND A TK Maxx store is to be opened in Galeria Katowicka. The tenant has leased an area of over 2,000 sqm in the mall in Katowice, with the new store scheduled to open at the end of February.

Orbis extends franchise chain

schedule 22 January 2015
Aneta Cichla

POLAND The Orbis hotel group has signed a franchise contract with the Four Hotel company for a hotel that is being developed on ul. Pszenna in Gdańsk.

Property and Facility Management

C&W to manage Deutsche AWM office projects

schedule 21 January 2015
Anna Pakulniewicz

POLAND Cushman & Wakefield has been appointed as the property manager for two Warsaw buildings that belong to the Deutsche Asset & Wealth Management fund.

Etalon sees future through rose-tinted glasses

schedule 21 January 2015
Anna Pakulniewicz

RUSSIA Etalon will build and sell more without any obstales, the future of the developer seems full of succes, according to the company’s president and founder.

AGED stays in MLP Pruszków I

schedule 21 January 2015
Aneta Cichla

POLAND AGED has prolonged its lease in the MLP Pruszków I logistic park, developed by MLP Group.

GD&K partners PKP for Kraków office complex

schedule 21 January 2015
Ewa Andrzejewska

POLAND Polish firm GD&K Consulting is to develop a 1.4 ha plot neighbouring the main train station in Kraków.

Warehouse & industrial

L'Oréal to stay in Błonie

schedule 21 January 2015
Agata Kłapeć

POLAND L'Oréal has renewed its 19,500 sqm distribution space lease in the ProLogis Park Błonie II warehousing and industrial centre near Warsaw.

Hotels

Swissôtel expands in SEE

schedule 21 January 2015
Agata Kłapeć

BULGARIA Swissôtel Hotels & Resorts, a hotel group owned by the Toronto-based and Gulf-financed FRHI Hotels & Resorts (FRHI), will manage Swissôtel Sofia, a condo hotel tower that is currently being developed by Turkish developer Garanti Koza in Bulgaria’s capital city.

Investment & finance

Kingstown goes to court over Orco

schedule 21 January 2015
Nathan North
deputy editor

CEE REGION CPI Group and Orco Property Group (OPG) have both announced that they have been served with a legal summons by Delaware-based Kingstown Partners and affiliated companies for damages due to alleged violation of minority OPG shareholder rights.

Auchan given green light to buy 12 Romanian assets

schedule 21 January 2015
Agata Kłapeć

ROMANIA French retailer and real estate investor Groupe Auchan has received an approval of the Romanian Competition Council to acquire a portfolio of twelve retail properties, in which the company has been running some of its 32 Romanian supermarkets.

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