News

POLAND NAI Estate Fellows has become the manager of the Postępu 14 office building that is currently being developed in Warsaw.

Dom Development plans large Warsaw project

Office & mixed-use development

POLAND Dom Development is planning to acquire a company which has as its a main asset a plot in Warsaw.

PZU keeps ad agency in Athina Business Park

POLAND Advertising agency DDB Warszawa is to keep its head office in Athina Business Park in Warsaw for another five years.

British brand in Millenium Hall

POLAND UK sports goods chain Sportsdirect has leased space for an outlet in the Millenium Hall shopping centre in Rzeszów.

Carrefour speeds up modernisation programme

POLAND Renovations have been completed on Carrefour shopping centres in Puławy, Kędzierzyn-Koźle and Starachowice, as well as on one in Tomaszów Mazowiecki earlier this year.

Three Lidl stores to be built in Kaunas

LITHUANIA Mitnija is to build three Lidl stores in Kaunas.

Magnum sells St Petersburg business centre

Rafał Ostrowski
journalist

RUSSIA Magnum, a company owned by Russian businessman Victor Loktinov, has sold the Enigma class ‘B’ business centre in St Petersburg’s Kirovsky district to an undisclosed private investor.

Second stage of Athletes Training Center in Druskininkai underway

LITHUANIA Mitnija has completed the first stage of the Athletes Training Center in the resort town of Druskininkai and has now started the second stage.

Palladium sale to Union Investment goes through

Nathan North
managing editor (English section)

CZECH REPUBLIC Hamburg-based Union Investment has completed its acquisition of a majority stake in the Palladium building on Náměstí Republiky in Prague 1 for around EUR 570 mln.

Architecture and urban planning

Sinfonia Varsovia back in the game

POLAND Warsaw city hall has dusted off a project to reconstruct the historic Sinfonia Varsovia concert hall, making funds available for the project.

Construction

Work now above ground on Posnania

Office & mixed-use development

POLAND The underground stage of the construction work on the Posnania shopping centre in Poznań is now nearing completion.

PLN 250 mln project to be built in Szczecin

POLAND Construction work has started on Szczecin Odra Park, a mix-use complex which is set to be built on ul. Gdańska.

Vilnius stadium to be sold

LITHUANIA Šiaulių bankas has stopped taking bid offers for a Vilnius land plot which accommodates some buildings, including the Žalgiris football stadium.

Warehouse & industrial

CEE industrial property market gains momentum

Eurobuild CEE

CEE REGION As much as 90 pct of the CEE industrial stock is currently being occupied, while there is also a growing interest in both leasing and constructing new space across the region, according to the latest report by C&W.

TriGranit secures EUR 193 mln loan for BCC

Nathan North
managing editor (English section)

POLAND TriGranit Development Corporation has been granted a EUR 193 mln term loan facility from ING Bank Śląski S.A. and ING Bank N.V. to refinance senior debt related to the Bonarka City Center in Kraków.

Lidl idle with Lithuanian chain

LITHUANIA Lidl continues to build its supermarket chain across Lithuania. Although the retailer recently completed some stores in Vilnius, it keeps waiting with opening them, according to the Lithuanian daily Kurier Wileński.

City Mall to develop two retail parks in Poland

Rafał Ostrowski
journalist

POLAND City Mall is planning to develop two retail projects in Poland.

Etalon grows in value

04 March 2015

RUSSIA The market value of the Etalon Group’s portfolio has reached app. RUB 104.3 bln (EUR 1.5 bln), according its updated valuation on December 31st 2014.

Rafał Ostrowski
journalist

Europa shopping centre changes hands

04 March 2015

LITHUANIA The Baltic Opportunity Fund, which is managed by Northern Horizon Capital, has acquired the Europa shopping centre in Vilnius CBD from Baltic Property Trust Secura A/S for an undisclosed sum.