News

Hotels pushing up prices in response to rising costs

schedule 09 February 2015

RUSSIA The majority of branded hotels in Moscow are pushing up their rates in rubles in an effort to soften the impact of Russia’s ailing economy.

Investment & finance

Ares buys two Warsaw office assets

schedule 10 February 2015
Agata Kłapeć

EUROPE An Ares Real Estate Group fund has acquired two Warsaw office properties from IVG Institutional Funds: the app. 8,000 sqm gla three-building Jerozolimskie Business Park complex and the app. 8,000 sqm gla Jerozolimskie Offices building.

Robyg shops in Gdańsk again

schedule 09 February 2015
Tomasz Szpyt-Grzegórski

POLAND Robyg group has signed a conditional for the purchase of plots with a combined area of app. 1.5 ha in Gdańsk.

Retail & leisure

Fitness in Morena

schedule 09 February 2015
Tomasz Szpyt-Grzegórski

POLAND The Morena shopping centre in Gdańsk, which is currently undergoing extensive modernisation and recommercialisation, has acquired a new tenant: a Fabryka Formy fitness club is to be opened in the mall.

Construction

Dekada Realty to redevelop two PKP stations

schedule 09 February 2015
Tomasz Szpyt-Grzegórski

POLAND Dekada Realty is set to develop the areas around the railway stations in Mińsk Mazowiecki and Konin.

Construction

Work starts on Poland’s largest data centre

schedule 09 February 2015
Tomasz Szpyt-Grzegórski

POLAND Construction work has begun on the Beyond.pl Information Technology Research Centre (Centrum Badań Technologii Informatycznych Beyond.pl) complex in Poznań, which is set to be the largest facility of its kind in Poland. The project’s first stage will exceed an area of 6,300 sqm.

Technology

Carrefour trials smartwatch shopping lists

schedule 06 February 2015
Agata Kłapeć

FRANCE Supermarket chain Carrefour is testing its mobile app's new functionality which will allow customers to effortlessly transfer their shopping lists and loyalty cards from smartphone to smartwatch and shop in-store only with the wearable device.

Investment & finance

PKP plans to invest PLN 350 mln in stations

schedule 06 February 2015
Tomasz Szpyt-Grzegórski

POLAND In 2014 the Polish State Railways (PKP) made PLN 363 mln on the sale of real estate (PLN 203 mln in 2013). PKP also carried out 21 station projects in an investment of PLN 220 mln. It also sold properties on ul. Targowa in Siedlce (PLN 28.7 mln), ul. Toruńska in Gdańsk (PLN 26.2 mln), ul. Głowackiego in Sochaczew (PLN 12.1 mln), ul. Bokserska in Warsaw (PLN 6.7 mln) and a leisure centre in Jachranka for PLN 13.8 mln, among others.

Retail & leisure

Two new brands to open in Serenada

schedule 06 February 2015
Tomasz Szpyt-Grzegórski

POLAND Vistula and Wólczanka are to open stores (a combined area of 180 sqm) in the Serenada shopping centre in Kraków. Mayland Real Estate, the developer of the mall, has revealed that it is now 60 pct leased.

Warbud choses Qumak as subcontractor for MPTI

schedule 06 February 2015
Tomasz Szpyt-Grzegórski

POLAND Qumak has won a contract with Warbud, the general contractor of Małopolski Park Technologii Informatycznych in Kraków, to install the electrical installations and advanced building automation for the project.

Construction

Mostostal Warszawa wins Polish Air Navigation Services Agency contract

schedule 06 February 2015
Tomasz Szpyt-Grzegórski

POLAND Mostostal Warszawa is to build a four-storey teaching and administration building for the Polish Air Navigation Services Agency.

Retail & leisure

Galeria Mazovia BREEAM certified

schedule 06 February 2015
Rafał Ostrowski
journalist

POLAND Płock’s Galeria Mazovia has been awarded the BREEAM green construction certificate with Very Good rating.

One mln sqm of new speculative space oversupplies Moscow I&L market

schedule 06 February 2015
Rafał Ostrowski
journalist

RUSSIA Around 71 pct, that is 1.1 mln sqm out of 1.6 mln sqm of industrial and logistics space completed on the Moscow warehouse market in 2014, was developed speculatively, according to CBRE.

Retail & leisure

Amazon to buy massive retail property portfolio?

schedule 06 February 2015
Agata Kłapeć

UNITED STATES US online merchant Amazon is reportedly negotiating the terms of the purchase of some of over 4,000 retail locations owned by the bankrupt US electronics retailer RadioShack in order to transform the stores into its own showrooms and pick-up and drop-off points, according to Bloomberg.

Ringo Starr sells mansion to Vítek

schedule 06 February 2015
Nathan North
deputy editor

CZECH REPUBLIC/UK Radovan Vítek, the owner of CPI Property Group, has bought the Jacobean mansion in Surrey of Ringo Starr for an estimated price of around GBP 13–16 mln, according to ‘Forbes’.

Construction

New Wrocław office building underway

schedule 06 February 2015
Tomasz Szpyt-Grzegórski

POLAND Warsaw-based general contractor Warbud has started the preparation work on Wrocław 101, the six-storey 5,900 sqm office building that is being developed at ul. Piłsudskiego 101 in Wrocław.

Aedes launches development business

schedule 06 February 2015
Tomasz Szpyt-Grzegórski

POLAND Kraków-based construction company Aedes has established a new company, AE Development, whose initial capital was provided by Aedes and amounts to PLN 100,000.

Sandomierz to have new mall

schedule 05 February 2015
Tomasz Szpyt-Grzegórski

POLAND Kalisz-based developer and general contractor FB Antczak has signed a contract on the construction of a new shopping centre in Sandomierz. The project’s investor is Wodrol.

Construction

Unibep to construct Czernieckiego estate

schedule 05 February 2015
Tomasz Szpyt-Grzegórski

POLAND Unibep has signed a contract to construct the second stage of a residential complex on ul. Czarnieckiego in Poznań for its subsidiary, Unidevelopment, for PLN 28.1 mln net.

Office & mixed-use development

HP stays in UBC II

schedule 05 February 2015
Nathan North
deputy editor

POLAND Hewlett-Packard has extended its lease in University Business Center II building on ul. Szturmowa street in Warsaw.

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