News

Residential

Former Warsaw farm to house apartments. Atal is the first to start

POLAND Plots formerly taken by a state-owned farm in Warsaw’s Targówek district will now house residential estates.

Residential

New resi estate to be erected in Ursus

POLAND Unidevelopment and CPD are to start the construction and sales of the first stage of the Ursa Smart City residential estate in Warsaw’s Ursus district, a year after signing their cooperation agreement.

Office & mixed-use development

Largest lease contract in Kaunas signed

LITHUANIA US company Intermedix has doubled its leased office space in the building at Ožeškienės g. 10 to 6,000 sqm.

New entry criteria for a candidates in a Jury Awards categories - a grace period.

European investment volumes to hit EUR 230 bln

EUROPE In H1 2015 European real estate transaction volumes have reached EUR 104.9 bln, a 29 y-o-y increase, according to Knight Frank.

Office & mixed-use development

Randstad to open new Polish offices

POLAND Recruitment agency Randstad has leased a total of 900 sqm of space for the new offices it is setting up in Poznań and Toruń.

Office & mixed-use development

Havas stays in New City

POLAND Polish office of the Havas Media Group marketing and communications agency has renewed its 1,500 sqm lease in the New City office complex in Warsaw’s Mokotów district.

Warehouse & industrial

Moto-Profil signs 33,000 sqm leases in Prologis Park Chorzów

POLAND Automotive spare parts importer and distributor Moto-Profil has signed a new 9,000 sqm lease and a 24,000 sqm renewal for space in Prologis Park Chorzów on the western outskirts of Katowice.

Investment & finance

CA Immo disposes of massive H&M logistics centre

EUROPE Vienna-based developer CA Immo has sold the 114,500 sqm key regional H&M distribution hub in Hamburg to funds controlled and managed by ADF Asset Management for over EUR 100 mln.

Warehouse & industrial

Volkswagen opens EUR 250 mln Kaluga plant

RUSSIA Three years after starting the construction its new 32,000 sqm engine plant in Kaluga the Volkswagen Group has officially launched the property.

Modis finds place for distribution hub

RUSSIA Russian fashion retailer Modis has directly leased a 13,700 sqm warehousing unit in the VS Logistic complex in Noginsk in Moscow Region. The property will serve as its central distribution centre.

Budimex to take on S17 project

POLAND Budimex’s bid has been chosen as the best offer for the construction of the S17 expressway between the Garwolin ring road and the boundary of the Masovian and Lublin provinces.

Residential

Echo given green light for Wrocław project

POLAND Echo Investment has obtained occupancy permit for the first stage of the Grota 111 residential project in Wrocław’s Krzyki district.

Retail & leisure

Warren Buffett's fast food chain to open 26 stores in Poland

POLAND Dairy Queen, the US multi-concept soft serve ice cream and fast food chain, has opened its first Polish location in Warsaw’s Wola Park shopping centre. But that’s just beginning of its expansion plans.

Technology

Why smart retailing matters

WORLD While currently eight out of ten customers globally use a computer, smartphone, tablet or in-store technology in shopping, it’s not shipping policies or pricing that frustrates the ‘omni-shoppers’ the most, but inventory, which is more important (73 pct) than information security (59 pct), according to the latest survey by Mastercard.

Investment & finance

Segro extends Czech portfolio

CZECH REPUBLIC Segro has completed the EUR 8.4 mln acquisition of a 11,800 sqm warehousing property from Damco Czech Republic, which is a part of the Maersk Group.

KCI prepares work on Kraków office park

POLAND The KCI group has obtained a permit for the construction of Gremi Business Park in Kraków’s Zabłocie district and is now negotiating a contract with a potential partner for the project. A complex offering an office area in excess of 50,000 sqm is planned.

Budimex for Kępno ring road

POLAND The Opole branch of the General Directorate of National Roads and Motorways (GDDKiA) has chosen Budimex’s bid in the tender for the construction of the first section of the Kępno ring road, which forms part of the S11 expressway.

Residential

Half of Browar Lubicz completed

POLAND The second stage of Browar Lubicz in Kraków has now been topped off by the general contractor, Warbud, thus finishing all the structural work on the project.

Green projects

Lastadia Office obtains green certificate

POLAND The Lastadia building at ul. Zbożowa 4 in Szczecin, which has been developed by SGI, has obtained a BREEAM In-Use certificate with a ‘Very Good’ rating in the asset category and an ‘Excellent’ rating in the building management category.