News

Moscow warehouse vacancies close to crisis levels

RUSSIA The vacancy rate for the Moscow region’s warehouse market rose to 11.2 pct by the end of Q2. The number is only marginally lower than the level registered in 2009, when it reached 11.6 pct, according to a JLL report.

AXA fund hits EUR 2.9 bln

EUROPE AXA Real Estate Investment Managers has raised EUR 2.9 bln at the final close of its latest pan-European real estate debt fund Commercial Real Estate Senior 9.

Investment & finance

REINO invests in another Skanska project

POLAND Skanska has sold its first office development project in Poznań, Malta House, for EUR 38 mln. The buyer is a joint venture between two investment vehicles managed by the Polish fund manager REINO, REINO Dywidenda 2 FIZ and REINO Dywidenda, and a fund managed by the CEE fund manager Bluehouse Capital.

Construction

Manhattan Place topped off

POLAND Work is now progressing on the Manhattan Place residential and office building in Warsaw's Mokotów district.

Retail & leisure

US eatery chain enters CEE market

POLAND Fuddruckers, a fast food brand operated by the Houston-based Luby’s, has opened its first Central European restaurant in the Wola Park shopping centre.

Hill wins Wroclavia contract

POLAND Hill International has received an app. PLN 18.6 mln three-year contract from Unibail-Rodamco to provide construction management services on the Wroclavia shopping mall that is currently being developed in Wrocław.

CBRE sees 11 pct revenue growth

WORLD In the first half of the year, the real estate consultancy CBRE has registered a 11 pct y-o-y increase in revenues, to USD 4.4 bln.

Interior design

Xplan to fit-out Zefir

POLAND Unimor Development, the investor of Pomerania Office Park in Gdańsk, has chosen Xplan to provide the fit-out work on Zefir, which is the complex’s first building.

Warehouse & industrial

Archivio to store documents in Żerań park

POLAND Archivio, an expert in archiving, storing, digitizing and shredding documents, is moving into the Segro Business Park Warsaw logistics park in Żerań.

Office & mixed-use development

Plac Unii tenants want more

POLAND Three companies have recently expanded their leases in the Plac Unii mixed-use project in Warsaw. Hotel Reservation System (HRS), Trigon Dom Maklerski and ZeroChaos leased a total of 1,600 sqm of extra office space in the property.

Retail & leisure

C&W to help Blikle family find new locations

POLAND Pastry shop and café chain A. Blikle has appointed Cushman & Wakefield as an advisor in expanding the network, finding new locations and supervising lease renewals.

Building assessment according to tenants

Building assessment according to tenants

Acciona explores options including sale

WORLD Spanish construction, energy and development group Acciona is seeking for opportunities to monetize its real estate business, Acciona Inmobiliaria, through an IPO or a strategic partnership.

EurobuildCEE

Bystre Misie wins the third Property People Soirees pub quiz

POLAND The Bystre Misie team has taken the first place in the pub quiz held during Eurobuild CEE’s third Property People Soiree at Restaurant 99 on Jana Pawła II in Warsaw on Tuesday evening.

Investment & finance

ECE shopping mall fund makes first purchase

EUROPE The ECE European Prime Shopping Centre Fund II has acquired the Stern-Center shopping mall in Lüdenscheid in the German state of North-Rhine Westphalia. The property is the first shopping center in the fund’s portfolio.

Construction

Goleniów marina re-opened

POLAND The redeveloped and modernized Marina Lubczyna on the Dąbie Lake near Goleniów in Poland's West Pomeranian province has been officially launched.

Office & mixed-use development

Savills sells Mazowiecka project

POLAND Savills has been appointed by Hochtief Development Poland to sell a tenement house at ul. Mazowiecka 2/4 in Warsaw.

More than PLN 4 bln secured for affordable housing

POLAND The governmental financing programme for affordable housing is most likely to be launched this year. The Polish parliament has adopted a draft of the amendment to the act on some forms of residential construction support.

Office & mixed-use development

Globis Poznań to house SSC

POLAND A. Schulman, a global plastics supplier, has leased 1,100 sqm of office space in GTC’s Globis Poznań building located at. ul. Roosevelta 18 in Poznań.