EUROPE/CEE REGION In H1 2014, French grocer Auchan has posted a healthy growth, driven mostly by its Eastern European and Chinese operations. From running a total of 1,006 hyper- and 2,746 super- markets around the globe, Groupe Auchan generated a consolidated revenue incl. tax of EUR 31.2 bln, up 4.7 pct y-o-y.
Investment & finance
CZECH REPUBLIC Mint Investments has announced the acquisition of Palác Euro and Palác Astra in Wenceslas Square (Václavské náměstí) in Prague for EUR 40 mln.
POLAND Clothing group Redan has signed an investment contract to sell a minority stake in Adesso – the owner of the Textilmarket chain of discount stores.
Investment & finance
POLAND Israeli development group Asbud has become the sole owner of Karolkowa Business Park in Warsaw’s Wola district.
Investment & finance
RUSSIA AFI Development, a Russian subsidiary of the Israeli-based Africa Israel Investments development and construction holding, has seen a 9 pct y-o-y increase in rental and hotel operating income in the first half of the year, to US 74.8 mln (EUR 56.9 mln). However, the company’s revenues plunged to US 76.2 mln (EUR 58 mln), compared to US 123.9 mln (EUR 94.3 mln) in H1 2013.
POLAND The net profit of Global City Holdings (formerly Cinema City International) for the first half of the year increased to EUR 13.9 mln from EUR 8.1 mln in H1 2013.
Investment & finance
CEE REGION In H1 2014, Vienna-headquartered developer Warimpex has seen a EUR 10.8 mln loss y-o-y with a 7 pct y-o-y decrease in total revenues. The latter broke down into a 9 pct y-o-y drop in the company's hotels revenues dropping, a 33 pct y-o-y slide in the development & services revenues and a 19 pct y-o-y surge in the investment properties revenues.
Investment & finance
POLAND Construction and development company P.A. Nova’s sales revenue increased by app. PLN 12 mln, from PLN 67 mln after the first six months in 2013 to almost PLN 79 mln in the January–June 2014 period.
CEE REGION Orco Property Group registered as loss of EUR 63 mln for the first half of the year, which the company attributes mostly to the loss of revenue and impairments due to the disposal of shares in its German residential subsidiary GSG Group and the site for its proposed Bubny retail development in Prague.
POLAND Echo Investment closed the first half of the year with a net profit of PLN 424.8 mln, which constitutes a growth of almost 40 pct on the same period in 2013.
Investment & finance
POLAND In the first half of the financial year Mirbud group generated revenue of PLN 501.3 mln, representing an almost twofold growth on the PLN 267.5 mln registered in H1 2013.
POLAND The profit generated by Grupa Orbis in the first half of the year amounted to PLN 22 mln – an almost 20 pct increase on H1 2013.
RUSSIA Goldman Sachs International has bought another 6 pct of O1 Properties’ shares, thus increasing its stake in the Russian developer to 12 pct.
EUROPE/ CEE REGION In Q2 2014, European prime office rents have increased by 0.4 pct, slightly lower than at the beginning of the year when they hit 1.1 pct. Meanwhile, leasing volumes in Europe reached 2.8 mln sqm, a 19 pct quarter-over-quarter increase and an 11 pct year-over-year surge, according to the latest study by JLL.
CZECH REPUBLIC Orco Property Group has announced a date for the delisting of all its 114,507,629 ordinary shares from the Prague Stock Exchange: September 22nd.
Investment & finance
POLAND The Legnica-based developer Rank Progress has finalised the sales of Galeria Piła to Austrian property investor Immofinanz. The transaction was worth almost PLN 57.7 mln net.
Investment & finance
POLAND Automotive company and developer Marvipol generated a net profit of over PLN 29 mln in H1 – three times more than the figure for the same period in 2013 and the best semi-annual result in the group’s history.
POLAND Erbud group generated profits of PLN 8.3 mln in H1, a more than threefold growth on the same period last year.
Investment & finance
CEE REGION Globe Trade Centre (GTC) expects to receive a building permit for its Galeria Północna shopping centre development in Warsaw’s Białołęka district this autumn.
POLAND Dom Development is planning to buy plots up to a value of around PLN 100 mln in H2 2014, mostly in the Polish capital city.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office prope ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Warsaw's Studio B building has been awarded SmartScore and WiredScore certificates. Skanska has thus become the first company in Poland to receive the ...
The Eurobuild Awards Gala, the premier event for the region’s real estate market, is to take place this year on November 26th at the DoubleTree by Hil ...
As the media market in Poland evolves, we also need (and want to!) adapt to these changes and move with the times. Soon, access to our archive will ...
Today, we bring you another brief recording from Expo Real 2024. Tune to listen to our experts' opinions. and immerse yourself in the event's atmosphe ...
The 13th JLL Real Estate Beach Volleyball Charity Tournament, which took place earlier this month, has raised over PLN 800,000 to build the third Rona ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade ...
Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv ...
The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzez ...
Viterra has moved into its new 1,500 sqm offices in Olivia Prime, part of the Olivia Centre business complex in Gdańsk. The Design Anatomy studio is ...
Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Vastint has completed the II stage of the Gdynia Waterfront development. A modern multifunctional complex is being built in the heart of the city, nex ...
Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district. The property is owned by Stena Real Estate ...
The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculti ...
YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a ...
According to Trends Radar. Real Estate: From Stabilisation To Optimism, the latest report from Cushman & Wakefield, in 2024, Poland came second in Eur ...
Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both re ...
The Polish industrial and logistics market demonstrated resilience in the first three quarters of 2024. During this period, 2.1 mln sqm of new warehou ...
