News

POLAND Okam has presented a new architectural design for the revitalization of Pollena, the 19th-century cosmetics factory located in Warsaw’s Praga district.

Residential

Next, greener phase of Modřanský Háj

CZECH REPUBLIC Avestus Real Estate is planning to start the construction of the next phase of the Modřanský Háj residential complex in Prague 4 this year.

Ronson to spend PLN 50 mln on land

Agata Kłapeć

POLAND Ronson is planning to spend a total of PLN 50 mln on extending its land bank in 2015. The residential developer, which has already concluded a PLN 21 mln preliminary agreement on the purchase in Warsaw’s Wola district this year, is mostly interested in the Warsaw market.

Construction

New contractor for Warsaw Chopin Airport hotel

POLAND Consortium of Porr Polska and Porr Bau GmbH has won a PLN 138 mln tender to construct a five-star Renaissance hotel located at Warsaw Chopin Airport. The construction work on teh hotel is to be completed by the summer of 2016.

Prosperus Real Estate Fund I buys North Star

Office & mixed-use development

LITHUANIA Real estate company MG Valda has sold its shares in BCU2, the owner of the North Star business center in Vilnius, to the real estate investment fund Prosperus Real Estate Fund I.

Capgemini in Silesia Business Park

POLAND Capgemini Poland has signed a lease agreement for around 5,600 sqm of space in the Silesia Business Park office complex, which is currently being developed by Skanska in Katowice.

Hotels

Ibis to open in Riga

Office & mixed-use development

LATVIA Polish hotel operator Orbis will open an Ibis-branded hotel in Riga at the end of 2016.

Łódź’s Green Horizon gets hotter

POLAND Spices manufacturer and distributor McCormick has opened its EMEA shared service centre in Łódź. The US company will take up 1,170 sqm of space in the Green Horizon office building located on ul. Pomorska.

Retail & leisure

Plejada retains important tenant

POLAND St Martins Property, the owner of the 20,000 sqm Plejada shopping centre in Sosnowiec, has prolonged a 1,800 sqm lease agreement with H&M.

Retail & leisure

LPP keeps expanding internationally

Eurobuild CEE

POLAND/ WORLD Polish fashion retail group LPP, which operates such brands as Reserved, Mohito and Sinsay, aims to open “at least” several dozen franchised stores across the Middle East over the next five years.

Segro posts 72 pct revenue drop in Poland

Agata Kłapeć

CEE REGION In its last financial year, Segro has seen its Central European portfolio growing by 5.9 pct y-o-y, while the UK-based warehouse developer’s revenues from the Polish business fell by app. 72 pct, to GBP 8.2 mln, as compared to GBP 30.1 mln in 2013.

Karmar wins Solec contract

POLAND Construction company Karmar has signed a contract on erecting a mixed-use building in Warsaw’s Solec area. The project’s investor is Projekt Sawa Solec Residence.

Construction

Polnord starts second stage of Gdynia project

POLAND Polnord is starting the second, 42-flat stage of Brama Sopocka, a Gdynia residential estate that is being developed on ul. Sopocka in Gdynia’s Mały Kack district

Retail & leisure

Blue City starts the year with large lease

POLAND In April, a new tenant will move into the Blue City shopping centre in Warsaw where its will occupy over 1,500 sqm of space.

Galeria Metropolia gets PLN 91 mln

POLAND Przedsiębiorstwo Budowlane Górski, which is the developer of the Galeria Metropolia shopping centre that is currently being developed in Gdańsk Wrzeszcz, has been given a PLN 91 mln financing for the construction of the project.

Pbb Deutsche Pfandbriefbank goes private again

EUROPE German state-owned Hypo Real Estate Holding has put up for sale a 100-pct stake in Pbb Deutsche Pfandbriefbank, which had been nationalized after the financial turmoil caused by the collapse of Lehman Brothers.

BIK announces new projects

POLAND Biuro Inwestycji Kapitałowych (BIK) is planning to start the construction of two logistic parks and a shopping centre. The new facilities are to be located in the southern part of the country.

Construction

Gdańsk residential estate nears completion

POLAND Inpro is set to start the construction work on the fourth and the final stage of the 84-building Wróbla Staw Domy residential estate in Gdańsk this spring.

Wikana sells Piaseczno plot

POLAND Wikana Property, a subsidiary of Wikana, has signed PLN 4.3 mln preliminary sales agreement concerning a land plot located on ul. Żeromskiego in Piaseczno near Warsaw, where it intended to build the Osiedle Żeromskiego residential building. The buyer is Bud-Rim Development.

Kleba Invest finds buyer for Marki project