Investment & finance
RSSEften Real Estate Fund acquires Hotel Palace in Tallinn
ESTONIA Eften Real Estate Fund and AS Esraven in a 50:50 joint venture have purchased the Hotel Palace on Vabaduse väljak (‘Freedom square’) in Tallinn from Scandic Hotels for an undisclosed price. Eften has announced that the building is to be fully renovated.
Valad takes control of GE Capital’s Polish Retail Fund
POLAND Real estate investment manager Valad has acquired the investment adviser and asset management teams of GE Capital Real Estate’s Polish Retail Fund for an undisclosed price.
Próchnik buys Rage Age
POLAND fashion retailer Próchnik has bought the Rage Age clothing brand for PLN 18 mln. The transaction has been financed through the issue and acquisition of I series shares.
Universal sale
POLAND The court appointed administrator of Metro-Projekt has announced the former headquarters of Universal Foreign Trade Centre.
Better results for LPP
POLAND The LPP capital group has reported improved sales revenue for Q4 2012 amounting to PLN 962 mln. This represents a 22 pct increase on the previous year.
Warsaw leaves Vienna, Rome and Madrid behind
POLAND The commercial property market in Warsaw is one of the most attractive in Europe, according to the ‘Emerging Trends in Real Estate Europe 2013’ ranking drawn up by PwC and the Urban Land Institute.
IKEA sees strong growth in 2012
POLAND Inter IKEA Centre Group Poland has released its results for 2012 and reported an increase in footfall at its retail parks and shopping centres, an increase in turnover of over 9 pct, nearly 50 newly signed leases as well as 150 lease extensions and the repositioning of two retail parks.
CPI makes offer for Ablon
CEE REGION CPI has indicated that it is considering a possible takeover for Ablon at a price of GBP 0.225 per ordinary share in cash, valuing the company's entire issued share capital at GBP 30.8 mln (app. EUR 37.5 mln).
Penta secures EUR 113 mln refinancing for Digital Park
SLOVAKIA Penta has secured EUR 113 mln in refinancing for its Digital Park office project in Bratislava. The loan is to be used to refinance existing loans for the construction of Digital Park I and II and finance construction work on Digital Park III.
Helical demands payment from BNP Paribas
POLAND Helical Sośnica, an SPV company of Helical Poland established to develop the Europa Centralna retail centre, has demanded that BNP Paribas Bank Polska pay out PLN 25.9 mln from a guarantee it issued for the completion of the work on the centre to the general contractor, Polimex-Mostostal.
Waryński signs contracts with partners
POLAND The Waryński group has signed an investment contract with Polnord and Dantex to develop two residential and office projects on ul. Jana Kazimerza in Warsaw’s Wola district by setting up joint venture companies with both firms.
Monnari receives over PLN 10 mln for Łódź plot
POLAND Monnari Trade, the owner of the Monnari clothing brand, has sold a 1.6 ha plot on ul. Kilińskiego in Łódź to Centrum-Wasiak Sławomir for PLN 10.45 mln net.
Lakeview sale finalised
ROMANIA New Europe Property Investments subsidiary NE Property Cooperatief has bought all the shares of BVB Real Estate from AIG/Lincoln Lakeview and also acquired the company’s outstanding debt from MKB Bank MFB Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársas.
Poland accounts for 70 pct of CEE investment
POLAND The Polish market accounted for over 70 pct (EUR 1.87 bln) of the total EUR 2.5 bln real investment in the CEE region in H2 2012, according to figures from Jones Lang LaSalle.
Griffin buys two Warsaw office buildings
POLAND A fund managed by Griffin Group has acquired Philips House and Batory Office Building I, two modern office buildings in Warsaw, for around PLN 80 mln in a court bankruptcy public tender.
PPG raises PLN 7.5 mln for Svetly Dali
POLAND/RUSSIA Platinum Properties Group has raised PLN 7.5 mln from a public share issue on the Warsaw Stock Exchange
Echo divests three malls
POLAND Echo Investment is selling three shopping centres in Radom, Tarnów and Piotrków Trybunalski.
Mixed results for CA Immo
EUROPE CA Immo made a loss of EUR 157.8 mln in 2012. This was still a better result than in 2011 when the company made a loss of EUR 177.9 mln.
Negative Impact
ROMANIA Romanian developer Impact Developer & Contractor has released its results for 2012. It has declared a net loss of RON 38.79 mln (app. EUR 8.8 mln) for the period, which compares with a loss of RON 45.06 mln in the previous year.
Colliers sums up the land market
POLAND Around 85 pct of land purchases by investors were for office and residential projects, with 10 pct for retail and 5 pct for industrial projects – according to Colliers International.
Categories
Architecture and urban planning
Praga to tower up over Warsaw
High-rise developments may be developed near the National Stadium metro station. The city's spatial policy clearly aims to break down the division bet ...
ULI releases New Urban Poland report
Plans created for Airport City around CPK
Construction
PORR wins PLN 539 mln contract for US air force base in Wrocław
PORR has signed a contract worth around PLN 539 mln gross to build the first phase of a cargo and logistics facility for the US Air Force at Wrocław-S ...
BERGER Bau to Modernise Wrocław Student Residences
Dekpol Budownictwo strengthens its position in the public-sector construction market
Coronavirus
Vaccination centre provided by Globalworth
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Employers in no rush to return to workplaces
Catella sees hope and chances for real estate after Covid-19
Corporate social responsibility
Not only for horses
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Panattoni sticks to the fairway
Colliers ends operations in Russia, Belarus
Data centres
Data centres could supply more heat to Polish cities
Poland’s growing data centre market could create a significant new source of waste heat for heating networks. According to analysis by the Polish Data ...
AI and cloud demand drives growth in European data centre market
Hillwood moves planned data centre further from homes
E-commerce
This is the end
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 ...
Wildberries now growing in Ukraine
Wildberries growing in April
ESG
Greenfield Băneasa Earns BREEAM Excellent Certification
Twelve residential buildings comprising 982 apartments at Greenfield Băneasa in Bucharest have received BREEAM Excellent certification, following an a ...
A green office is more than a certificate
Wrocław Fashion Outlet cuts energy usage by 14 pct
Eurobuild Awards
New venue and date for the Eurobuild Awards Gala!
The 16th Eurobuild Awards Gala is now on the horizon! And there has been a CHANGE OF DATE AND LOCATION. The Gala will now take place on December 8th, ...
All the winners of the EurobuildCEE Awards 2025!!
The winners of the Eurobuild Awards 2024!
Eurobuild FM
The power of community
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
A breath of fresh air from France, or comments from Cannes part 3
A breath of fresh air from France, or comments from Cannes part 2
EurobuildCEE
The October and Expo Real edition of Eurobuild is now out!
In this issue, hot off the press in time for Expo Real in Munich, the cover story is an interview with Ugo Giordano and Katarzyna Rzetecka, who are le ...
The June issue of Eurobuild is now out!
This sporting real estate life
Events
Will Poland dominate the AI market?
How will AI change the real estate business? Where are the best data centre sites in Poland? Will Europe be able to feed data centres the energy they ...
Get yourself connected with us at Expo Real!
JLL Charity Beach Volleyball Tournament on August 6th
Exclusive
Leading the renaissance of local investors
One of the more interesting Polish property investors to emerge on the local scene in recent years is Syrena Real Estate. This year, it added the Rena ...
The man from NASA
Strengthening our presence – Wolfgang Molnar of Erste Group Bank
Eye to eye
Eye to eye… with Władysław Grochowski
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.
Eye to eye… with Paweł Sapek
Eye to eye with… Daniel Bienias
For Ukraine
Nansen Refugee Award goes to Poland!
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 ...
Build Europe supports refugees and appeals to European Commission
Former Russian building to house Ukrainian refugees
Green projects
EIB grants CTP solar-powered €200m loan
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 ...
Cromwell granted €66m green loan for Janki
Pad Res to build 2 PV farms in Pomerania
Hotels
Green House Development launches pre-sales for final phase of Wave Świnoujście
Green House Development has launched pre-sales for Building C, the final phase of its Wave Świnoujście Thermal & SPA development. The building will fe ...
Accor to open Tribe hotel at Kraków Airport
Bucharest Hotel Market Set for Growth
Human resources
Ghelamco reshuffles management team in Poland
Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as ...
Leadership change at Nepi Rockcastle
Change at the top for ULI Europe
Infrastructure
Port Polska and Kielce plan cargo terminal
Port Polska and the City of Kielce have signed a letter of intent covering plans for a cargo terminal in Obice, near Kielce. The centre would handle b ...
New railway station planned for Łapy
EUR 54 bln worth of contracts to be awarded for Port Polska in 2026
Interior design
ING Hubs Poland opens new HQ in The Form
ING Hubs Poland is officially moving into its new headquarters in The Form office building in Warsaw’s Wola business district. The more than 6,000 sqm ...
New food hall in Poznań
New look for Eurocentrum lobby
Investment & finance
Archicom raises PLN 385 mln in bond issue
Archicom, the residential developer subsidiary of Echo Group, has placed four-year bonds worth PLN 385 mln. Investor demand reached PLN 495 mln, equiv ...
Poland’s Retail Park Market Drives Growth in Portfolio Transactions
Commercial property investment hits EUR 680 mln
Land acquisitions
Panattoni enlarges its Swedish portfolio
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
CTP purchases land in Kragujevac
CTP secures major brownfield site
Material partner
Brownfield rather than greenfield – a model for sustainable development at City Point Targówek
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Nordbygg 2024: Many innovations and strong interest
Excellent Fern at Off Piotrkowska
Office & mixed-use development
Hybrid work dominates in Poland
As many as 93 pct of organisations in Poland operate hybrid working models, while just 1 pct are fully remote, according to Colliers Define’s ‘Hybrid ...
Yareal moves into new Warsaw office
Tesco chooses Unity Square Two for its Kraków headquarters
Property and Facility Management
ISS takes over technical management of Axis in Kraków
ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing tec ...
Savills takes on TFI PZU retail portfolio
JLL takes on Equal Business Park
Public buildings
Prague 14 begins construction of primary school in Jahodnice
Prague 14 has begun construction of a new primary school in Jahodnice. The school, at U Hostavického potoka Street, will accommodate 540 pupils, with ...
Construction begins on emergency care unit at Prague’s Thomayer University Hospital
Dekpol to redevelop the Poznań Palm House
Residential
RSJ and Na Jelenách plan 5,500 rental homes in Prague
Czech investment group RSJ and developer Na Jelenách have formed a strategic partnership to build a new residential district in southern Prague. The p ...
Nowa Tkalnia to open up Łódź’s industrial past
Skanska launches sales of 151 apartments in Prague
Retail & leisure
CH Osowa adds five new retail and entertainment concepts
Gdańsk’s CH Osowa shopping centre welcomed five new concepts in September and October, spanning gaming, collectibles, fashion and floristry. The new a ...
Ania Kruk opens store at Magnolia Park
BIG Konstantynów to open expanded retail park on 29 October
Technology
Skanska implements digital access control system at Studio A
Skanska has implemented a digital access control system at Studio A, an office building in Warsaw. The solution uses the company’s proprietary StudioA ...
Logicor brings smart metering to Polish portfolio
Singu takes over QRmaint
Warehouse & industrial
Ecologistics leases 44,500 sqm warehouse near Prague
Ecologistics, the Czech arm of logistics company Goodcang Holdings, has signed a long-term lease for an entire 44,500 sqm warehouse at EQT Park Prague ...
