POLAND The supply of office space in Warsaw increased by 270,000 sqm in 2012 and currently amounts to nearly 2.9 mln sqm, according to a report by DTZ. Another 650,000 sqm is under construction, which “will translate into a high level of supply in the next two years,” claim the authors of the report.
ROMANIA Swan Property, the developer of the Swan Office & Technology Park in Bucharest, has been declared insolvent.
CZECH REPUBLIC Karlín Group has sold the Corso IIB office project in Prague to Skanska Property Czech Republic, according to local media reports.
POLAND Echo Investment has reported its results for 2012. Its operating revenue amounted to PLN 583.6 mln, up on the PLN 406.9 mln it made in 2011.
POLAND Footwear chain Prima Moda has published its results for Q4 2012. Over the period the company restructured its sales division, closing down two stores.
POLAND Sfinks Polska has reported its results for 2012. Net revenue for the restaurant chain came to PLN 170.9 mln, while registering an operating loss of PLN 2.6 mln (compared to a loss of PLN 9.9 mln in 2011).
POLAND Warimpex has issued bonds in Poland to the value of PLN 63.1 mln (app. EUR 15.1 mln), with each bond worth PLN 1,000 (app. EUR 250).
POLAND Development company Dom Development has summed up 2012 as a difficult but successful year. The company sold 1,436 apartments over the year, nearly 300 fewer than in 2011.
POLAND The Jeronimo Martins group is planning to invest from EUR 650 to 700 mln in 2013, 70 pct of which has been earmarked for the further development of the Biedronka chain.
POLAND Globe Trade Centre group has finalised its sale of the fifth building in Platinium Business Park in Warsaw to Allianz Real Estate for a final price of EUR 34 mln.
POLAND Nickel Development has debuted on the Catalyst market of the Warsaw Stock Exchange.
POLAND Mirbud has concluded a loan agreement for up to PLN 50 mln with the Industrial Development Agency.
POLAND Orbis has sold the Mercure Kasprowy to the Bachleda Hotel company. The hotel on ul. Szymaszkowa in Zakopane was sold for PLN 56.35 mln.
ESTONIA In 2012 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to EUR 2.1 bln, representing a 19 pct increase on the previous year, according to preliminary data from Statistics Estonia.
ROMANIA New Europe Property Investments (NEPI) have announced that they are to pay a dividend of EUR 0.1205 per share.
EUROPE BNP Paribas Real Estate has reported a total turnover of EUR 662 mln for 2012, marginally up on the EUR 658 mln it reported for 2011.
SEE REGION CA Immo is to pull out of Serbia, Bulgaria, Ukraine and Croatia.
EUROPE Prologis has announced the closing of Prologis European Logistics Partners Sàrl (PELP).
POLAND Balmoral Properties has obtained a loan of PLN 70 mln from BRE Bank Hipoteczny.
POLAND Monnari Trade, the owner of the Monnari brand, has implemented a number of performance improvement measures, such as the optimisation of production costs, improved delivery punctuality, an efficiency drive for its sales team, actively promoting its brand, and stabilising its sales chain.
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