News

POLAND Murapol has signed a preliminary conditional agreement to buy two construction plots from Alta within the Siewierz Jeziorna project near Katowice. According to the contract, Chmielowskie (Alta’s project) is to sell plots with an area of 0.2 ha to Murapol, where the buyer is to build two multi-family residential buildings with a useable residential area of at least 2,500 sqm. The company will also have pre-emption rights in terms of purchasing land in subsequent quarters of the project with a residential area of 8,000 sqm.

CA Immo and O1 raise bid for Immofinanz

EUROPE Vienna-based developer CA Immo and the Russian investment group O1 are willing to buy 13.5 pct of the total Immofinanz issued shares for EUR 2.80 per share in a voluntary tender offer.

C&W boasts record income

Rafał Ostrowski
journalist

WORLD Cushman & Wakefield has increased its gross revenue by 14 pct y-o-y to USD 2.85 bln and its net income by 33.3 pct to USD 61.6 mln, according to 2014 financial results.

Panattoni to extend Faurecia Gorzów factory

Rafał Ostrowski
journalist

POLAND Panattoni Europe has started the 12,000 sqm extension work on a factory in Gorzów for the automotive parts manufacturer Faurecia.

H&M to launch six CEE online stores

EUROPE This year, the Swedish fashion retail group H&M is set to open nine new online platforms, including the Polish, Czech, Slovak, Bulgarian, Hungarian and Romanian stores, while it further expands its brick and mortar presence across the CEE region.

Technology

C&W-supported start-up to transform traditional stores?

UNITED KINGDOM A British technology company has come up with a new retail concept that could change shopping as we know it. The Wilde Rooms platform allows consumers to select items they like online and try them on in a high-end fitting room without buying.

New logistics demand to come from Eastern and Southern Europe

EUROPE Although Western European economies, including the UK and Germany, accounted for 54 pct of the total European logistics property investment across the continent last year, their dominance may soon change as currently nine out of Europe's top ten countries for GDP growth forecasts are located in eastern and southern parts of the continent, according to Savills.

One Bricoman more

POLAND The seventh Bricoman construction and renovation store in Poland has opened in Szczecin – the first outlet of the chain in the West Pomeranian province.

Atrium enjoying profit growth from leasing

POLAND Atrium European Real Estate’s portfolio of Polish retail properties experienced a 15.5 pct increase in gross profit last year from leasing compared to 2013, amounting to EUR 91 mln.

Auchan Gdańsk closer to redevelopment

POLAND Work on the extension and modernisation of the Auchan Gdańsk shopping centre is to start in H2 this year, the investor and owner of the mall, Immochan, has announced.

Investment & finance

Echo in Griffin’s hands?

POLAND Michał Sołowow, the largest single shareholder of development company Echo Investment, has called an extraordinary general meeting of shareholders.

AXA starts new logistics developer

EUROPE Real estate investment company AXA Real Estate has launched a new pan-European logistics and industrial development company, Baytree Logistics Properties, which has EUR 100 mln already earmarked for its project pipeline.

Investment & finance

CTP obtains EUR 162 mln from the banks

Nathan North
managing editor (English section)

CZECH REPUBLIC Czech warehousing developer and owner CTP has secured a EUR 132 mln loan from its new financial partner pbb Deutsche Pfandbriefbank to finance CTPark Bor in Bor u Tachova, close to the German border.

Construction

Erbud seals PLN 41 mln Green Property Group deal

POLAND Warsaw-listed construction company Erbud has signed a PLN 41.2 mln contract on the construction of the Szucha Premium Offices building that is currently being developed by Green Property Group at al. Szucha 17/19 in Warsaw.

Apollo-Rida announces Tychy project

POLAND Apollo-Rida is planning to extend and refurbish the Skałka retail centre in Tychy, creating a modern 36,000 sqm shopping centre.

Saturn to stay in Warsaw’s Targówek

Property and Facility Management

Eurobuild CEE

POLAND Electronics retailer Saturn has renewed its 5,000 sqm lease in the Credit Suisse Asset Management-owned Zielony Targówek retail park in Warsaw’s Targówek district where it has been operating since 2007.

Jelenia Góra mall gets manager

POLAND Cushman & Wakefield has been appointed as the property manager for the Nowy Rynek shopping centre that is currently being developed by TK Development and Heitman in Jelenia Góra.

Mostostal signs police station deal

12 March 2015

POLAND Mostostal Warszawa is set to build a new headquarters for the Śródmieście police station in Gdańsk for PLN 25.7 mln.

Residential

Warsaw's Złota 44 back in the game

12 March 2015

POLAND The official sales of apartments in the Złota 44 skyscraper in Warsaw is to start in a month’s time, on April 15th

Atal to spend PLN 100 mln on land plots

12 March 2015