News

HUNGARY Union Investment Real Estate-owned and AIG/Lincoln-managed Krisztina Palace office building in Budapest has been awarded BREEAM In-Use certification with ’Very Good’ rating in the asset and building management categories.

New retail park to open in Kamienna Góra

POLAND Gliwice-based developer P.A. Nova has received a PLN 37.5 mln financing for a retail park which is being developed on the post-industrial area of Kamienna Góra.

Construction

Jelenia Góra mall topped off

Aneta Cichla

POLAND “We have just reached another milestone in the Nowy Rynek project. The building is in its lockup stage,” Zygmunt Chyla, the president of the board at TK Development in Poland, said about the topping off ceremony which took place at the construction site where Jelenia Góra’s Nowy Rynek shopping mall is currently being developed.

Warsaw Chopin Airport gets PLN 600 mln

POLAND Bank Pekao and Przedsiębiorstwo Porty Lotnicze (PPL) have signed a contract on the financing of the extension of the Warsaw Chopin Airport. The planned work will be financed with the support of a PLN 600 mln bond issue, with the final redemption date set for 2022, arranged by the Bank.

25,500 sqm complex to open in Odessa

UKRAINE Ukrainian investment and construction company Kadorr Group is planning to open a 25,500 sqm mixed-use project in the historical part of Odessa.

Technology

Google to build “adaptable” greenhouse-like headquarters

UNITED STATES Technology giant Google is set to radically redevelop its four Mountain View office sites. The company has just submitted its bold plans which assume the creation of “lightweight block-like structures which can be moved around easily” with large canopies covering each site and “controlling the climate inside yet letting in light and air” to the Mountain View City Council.

Budimex wins PLN 100 mln contract

POLAND Budimex has signed a PLN 96.5 mln contract on the construction of the Drewnica Masovian District Hospital in Ząbki near Warsaw.

Investors show increased appetite for regional offices

POLAND Last year office investment volumes in the major Polish markets, exclusive of Warsaw, exceeded EUR 440 mln, reaching the highest level ever recorded, according to JLL.

Hotels

Von der Heyden Group to develop Gdańsk hotel

POLAND Von der Heyden Group plans on renovating three historical semi-detached tenement houses located at the heart of Gdańsk in order to convert them into the IBB Blue Hotel.

Investment & finance

Slovak property investment volumes hit record high

SLOVAKIA In 2014, the real estate investment activity in Slovakia increased to over EUR 610 mln, the highest level since 2005, says JLL.

Etalon completes 578-apartment building

RUSSIA Etalon Group has delivered a residential building and a parking garage at its Swallow’s Nest project in St. Petersburg’s Nevsky district.

CA Immo and O1 Group to buy 15 pct Immofinanz stake

EUROPE CA Immobilien Anlagen and O1 Group are considering the joint acquisition of a 15 pct stake in Immofinanz AG.

Investment & finance

Cushman & Wakefield to be sold off?

WORLD Real estate agent Cushman & Wakefield is being put up for sale in the face of growing property prices and competition, according sources cited by the World Street Journal. The company’s majority owner has reportedly hired Goldman Sachs and Morgan Stanley to find buyer for its stake.

New Class A office building in Kaunas

Anna Pakulniewicz

LITHUANIA SBA Concern will develop an office building project in the former capital city of Lithuania.

Investment & finance

Kapelanka goes green and golden

POLAND The Kapelanka 42 office complex which was developed by Skanska Property Poland in Kraków has been awarded LEED Core&Shell certificate with ‘Gold’ rating.

O1 raises its stake in CA Immo to 26 pct

EUROPE Russian investment holding O1 Group has increased its stake in the Austrian commercial real estate investor CA Immo from 16.1 pct to 26 pct.

Residential

Fadesa to construct Wrocław apartments

Aneta Cichla

POLAND Fadesa Polnord Polska has started the construction of its new residential project in Wrocław’s Krzyki district, Apartamenty Innova.

Nordea expands in Łódź

POLAND Stockholm-based financial group Nordea has extended its 1,800 sqm lease agreement for space in the Łódź 1 office building by 1,000 sqm.

Concept for Warsaw’s Pollena revealed