News

Investment & finance

Amrest to run more Starbucks CEE coffee houses

schedule 10 March 2015
Agata Kłapeć

ROMANIA/ BULGARIA Wrocław-based restaurant operator Amrest is acquiring two sole operators of the Starbucks-branded stores in Romania and Bulgaria for app. EUR 16 mln.

Global real estate investment falls as China slows down

schedule 10 March 2015
Rafał Ostrowski
journalist

WORLD Global real estate investment fell in 2014 for the first time in five years, slipping back 6.3 pct to USD 1.21 tln, according to the latest research by Cushman & Wakefield.

Construction

Cornerstone laid for Chorzów’s Centre of Applied Sciences

schedule 10 March 2015
Tomasz Szpyt-Grzegórski

POLAND The foundation stone has been laid for the Centre of Applied Sciences, a part of the Silesian Centre for Educational and Interdisciplinary Research in Chorzów. The PLN 36 mln project will be carried out by Mostostal Warszawa.

Office & mixed-use development

MG Valda busy with offices and hotels

schedule 10 March 2015
Anna Pakulniewicz

LITHUANIA MG Valda intends to invest EUR 40 mln in real estate projects in 2015. Investment in residential housing development projects alone will amount to EUR 29 mln.

Construction

Mirbud to construct Galeria Aviator

schedule 09 March 2015
Aneta Cichla

POLAND Mirbud is to build the Galeria Aviator shopping mall in Mielec. The project’s investor, Rank Progress, has just signed a PLN 56 mln net contract with the construction company.

Retail & leisure

CityFit enters Warsaw’s Zielony Targówek

schedule 09 March 2015
Aneta Cichla

POLAND CityFit fitness club is to be opened in the Zielony Targówek retail park in Warsaw in April.

Investment & finance

BBI and Liebrecht agree on EUR 120 mln Koneser project

schedule 09 March 2015
Rafał Ostrowski
journalist

POLAND BBI Development will contribute the land and app. PLN 22 mln of cash while, Liebrecht & Wood will add app. PLN 70 mln for the development of the mixed-use Praga Koneser Center project in Warsaw.

Erbud sees double-digit growth

schedule 09 March 2015
Aneta Cichla

POLAND In its last financial last year, the Erbud revenues and EBIT have increased by 38.5 pct and 34 pct y-o-y respectively, while the construction company generated PLN 1.69 bln revenues.

Interior design

For those who work after hours...

schedule 12 March 2015
Anna Pakulniewicz

CZECH REPUBLIC Bonami.pl has shown a concept that could feature in the rest and refreshment rooms of companies whose employees work after hours.

Interior design

Sitag raising design awareness

schedule 11 March 2015
Anna Pakulniewicz

POLAND The ‘Ikony Sitag’ series of drawings, the work of Poznań-based graphic artist Andrzej Dobosz, reveals the inspiration for the original office chair designs of the Sitag Formy Siedzenia brand produced over the last twenty years.

Interior design

Jeans for the office?

schedule 10 March 2015
Anna Pakulniewicz

POLAND Inspired by a material not generally accepted as official office wear, denim, Benjamin Moore has decided to use this material in the design of offices themselves.

Polish real estate market becomes mature

schedule 09 March 2015
Aneta Cichla

POLAND The Polish real estate market has exited the development phase and entered the mature market phase. This seems to be confirmed by very good 2014 results across all the market sectors, among other things, according to Anna Kicińska, partner, leader of the real estate consultancy group at EY, CSE, who presented the ‘Poland. The Real State of Real Estate 2015’ report.

Interior design

Management offices revisit the classics

schedule 10 March 2015
Anna Pakulniewicz

POLAND Artystyczna Manufaktura, which designs and produces classic wooden furniture made to individual orders, is entering the office, hotel and rented apartment markets.

Radius to build 100,000 sqm Leroy Merlin distribution centre

schedule 09 March 2015
Rafał Ostrowski
journalist

RUSSIA DIY retailer Leroy Merlin and warehouse developer Radius Group have signed an agreement for the development of a 100,000 sqm distribution centre in the South Gate industrial park south of Moscow.

Adidas to close 200 stores

schedule 09 March 2015
Rafał Ostrowski
journalist

RUSSIA German sportswear manufacturer and retailer Adidas has announced that it will close 200 stores in Russia due to their low profitability after the devaluation of ruble.

Interior design

Xplan shows interiors

schedule 09 March 2015
Eurobuild CEE

POLAND Xplan, a company which specializes in providing fit-out services, has opened its two new offices.

Investment & finance

EUR 100 mln refinancing loan for Galeria Słoneczna

schedule 09 March 2015
Nathan North
managing editor (English section)

POLAND German real estate bank Helaba has agreed, as arranger and underwriter, to provide a EUR 100 mln medium-term investment loan to AIG/Lincoln Polska for Galeria Sloneczna in Radom.

Interior design

Leader of the Pac

schedule 09 March 2015
Anna Pakulniewicz

POLAND Pacman could now be on the loose around your office.

Hotels

Amended building permit for Wrocław Hampton by Hilton

schedule 09 March 2015
Rafał Ostrowski
journalist

POLAND West Real Estate has obtained an amended building permit for the construction of the Hampton by Hilton Wrocław City Center West.

Office & mixed-use development

Xcity aims to develop 200m tower in Warsaw

schedule 09 March 2015
Aneta Cichla

POLAND Xcity Investment, a development company run by the Polish State Railways (PKP), has presented a concept for a 200m office tower located between ul. Chmielna, Żelazan, al. Jerozilimskie and al. Jana Pawła in Warsaw.

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