CEE REGION Flow volume into the CEE-6 commercial real estate markets picked up in Q2 2019, registering a cycle-high EUR 3.3 bln for the quarter, claim Colliers International in its latest ‘Investment Scene’ report.
POLAND Wrocław-based developer Archicom and Zakłady Chemiczne Organika have signed a joint venture agreement and established the Karpacka company in Łódź to develop a residential project involving the construction of app. 1,100 apartments.
POLAND Nowotarska has acquired Harvent as an investor for its Color Park shopping centre development in Nowy Targ, which is to be the largest mall in Poland’s Podhale geographical region.
POLAND The total real estate investment volume in the first half of the year came to nearly EUR 2.7 bln, according to the ‘At a Glance H1 2019’ report by BNP Paribas Real Estate. Although lower than the same period of the previous year the figure remains higher than the first half figures from 2015-2017.
POLAND BNP Paribas Bank Polska has given a loan of over EUR 19 mln to Echo Investment for the construction of the first office building of the React office complex, which is being developed at the corner of ul. Kilińskiego and al. Piłsudskiego in Łódź.
POLAND Orbis saw like-for-like growth in its EBITDA of 19.3 pct to EUR 51 mln in its H1 financial results. The Eastern Europe region remained strong with 5 pct RevPAR growth.
EUROPE Retail trade volume increased across the EU in June by 1.2 pct m-o-m and 2.8 y-to-y, according to estimates from Eurostat, the statistical office of the European Union.
WORLD Unibail Rodamco Westfield has announced its results for the first half of 2019. Over the period the group saw sales grow y-o-y by 5.7 pct in Continental Europe, 7.1 pct in the UK, and 4.9 pct in the US.
EUROPE In the first half of the year Atrium European Real Estate saw a 0.5 pct increase in its net rental income across its portfolio which came to EUR 92.4 mln with a 1.5 pct increase excluding Russia.
EUROPE In Q1 this year Zalando Saw its customer base grow by 3.7 mln (15.2 pct) y-o-y to 28.3 mln across 17 European countries.
POLAND Reino Capital, RF CorVal International Holdings and Roberts Constructions have been granted a three-month exclusivity period to negotiate the purchase of a real estate holding company with assets estimated at PLN 1.3 bln.
WORLD The European Commission has approved the proposed acquisition of a 62 pct majority stake in Oaktree Capital Group by Brookfield Asset Management.
POLAND LaSalle Investment Management has bought the Panattoni Park Warsaw West VI logistics complex in Grodzisk Mazowiecki for its Encore+ fund.
POLAND The Permanent Committee of the Council of Ministers has approved a number of reforms that should help surveyors.
HUNGARY Atenor has acquired a plot of 0.5 ha at Hengermalom út 18 in Budapest.
EUROPE The European Commission has approved the acquisition of Panalpina Welttransport Holding AG of Switzerland by DSV A/S of Denmark.
POLAND The Centrum Biznesowe Żelazna 59a office building in Warsaw has been bought by Platinum Towers Management from J.M. Property.
POLAND PFR Nieruchomości, the company that runs the governmental Mieszkanie Plus [Apartment Plus] scheme to provide homes for young families, has bought a 12.33 ha plot of land on ul. Odolanowska in Wrocław’s Zakrzów district from Polski Holding Nieruchomości. More than 1,000 apartments are to be built on the site under the scheme.
POLAND Acteeum and Equilis have signed a EUR 21 mln credit agreement with mBank to finance the development of the Galeria Chełm shopping centre project.
EUROPE German retail giant Metro AG has made the recommendation to its shareholders that they turn down a EUR 5.8 bln takeover bid by Czech-Slovak investor EP Global Commerce, insisting that the offer significantly undervalues the group.
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The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
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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 ...
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Panattoni is launching a new strategic initiative to develop data centres in Europe, the UK, India and the Middle East. Four experienced specialists h ...
Strabag has been commissioned to erect 23 GE Vernova wind turbines, each with a capacity of 6.1 MW by PPC Renewables Romania. The 140 MW wind farm Del ...
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Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
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The construction of the second phase of the Skyliner office complex in Warsaw, owned by the Karimpol Group, has reached the halfway point. At a height ...
The Balmain Group has taken over the management of a portfolio of four warehouses owned by Adventum International. The properties, totalling around 18 ...
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 ...
Skanska Residential Development has begun construction work on the first stage of its Awangarda Mogilska development in Kraków. A total of 278 apartme ...
Karuzela plans to expand four existing retail parks in Września, Lubliniec, Biała Podlaska, and Ełk. These centres were constructed between 2014 and 2 ...
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 ...
GXO and Levi Strauss & Co. have opened a fully automated 70,000 sqm logistics centre in Dorsten near Essen to support its European distribution networ ...