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News

Arco Vara sees 57 pct drop in H1

schedule 08 August 2014

CEE REGION Estonian developer Arco Vara, which also actively operates in Latvia and Bulgaria, has posted below expectations H1 results as the Group’s operational revenues reached EUR 2.2 mln, a 57 pct drop y-o-y, and its development services income decreased by 80 pct.

Office & mixed-use development

Silesia Business Park keeps growing

schedule 07 August 2014
Rafał Ostrowski
journalist

POLAND Skanska Property Poland has started the construction of the second building of Silesia Business Park on ul. Chorzowska in Katowice.

25 pct vacancy in class ‘A’ Moscow offices

schedule 07 August 2014
Rafał Ostrowski
journalist

RUSSIA The amount of vacant space in Moscow’s class ‘A’ offices at the end of H1 reached 25 pct, due to the strong level of new supply coupled by lower leasing activity, according to a research by Colliers International.

Warehouse & industrial

Globalworth takes over Timişoara industrial park

schedule 07 August 2014

ROMANIA Guernsey-based real estate investment company Globalworth has acquired Timişoara Airport Park, a light industrial complex owned by Invest4SEE and located near the Traian Vuia International Airport northeast of Timişoara, for EUR 35 mln.

Office & mixed-use development

Garvest wants to start building P4 this year

schedule 07 August 2014
Rafał Ostrowski
journalist

POLAND Garvest Real Estate is planning to start the construction of the P4 office complex in Warsaw’s Służewiec district this year, with the completion scheduled for the first quarter of 2016.

Retail & leisure

Russian mall pipeline bigger than rest of Europe

schedule 07 August 2014
Rafał Ostrowski
journalist

RUSSIA Over 5 mln sqm of new shopping centre space was under construction across Russia in H1 2014, according to research by CBRE.

Construction

RD Bud wins Petit Forestier contract

schedule 06 August 2014
Aneta Cichla

POLAND RD Bud is to build facilities in Bronisze and Ruda Śląska for Petit Forestier, which specialises in the rental of refrigerated vehicles.

Budimex to build S7 section

schedule 06 August 2014
Aneta Cichla

POLAND The General Directorate of National Roads and Motorways (GDDKiA) has chosen a bid by a consortium of Budimex (95 pct) and Ferrovial Agroman (5 pct) in the tender to select the contractor of S7 expressway in Jędrzejów on the boundary of the Świętokrzyskie and Małopolskie provinces.

Office & mixed-use development

Work launched on Hala Koszyki

schedule 06 August 2014
Tomasz Szpyt-Grzegórski

POLAND Griffin Group has obtained a final building permit for the reconstruction of Hala Koszyki in the centre of Warsaw.

Interior design

Crystal forest planted in Dom Mody Klif

schedule 06 August 2014
Aneta Cichla

POLAND A refurbished Swarovski cut-crystal store has been opened in Dom Mody Klif in Warsaw.

Mostostal Warszawa wins Chorzów contract

schedule 06 August 2014
Tomasz Szpyt-Grzegórski

POLAND Mostostal Warszawa has been awarded the contract for the construction of Centrum Nauk Stosowanych (CNS) [the Centre of Applied Sciences] in Chorzów.

Inpro does better than a year ago

schedule 06 August 2014
Aneta Cichla

POLAND In the first seven months of 2014, Inpro signed a net total of 243 preliminary contracts to sell apartments – 35 pct more than the same period last year.

Residential

Spirited second attempt at Polish residential project

schedule 06 August 2014
Aneta Cichla

POLAND Villa Juliette, the construction of which has started in Warsaw’s Bemowo district, is to be the first residential project of French group Spirit in Poland.

Retail & leisure

KappAhl in Turzyn for longer

schedule 06 August 2014
Aneta Cichla

POLAND Clothing retailer KappAhl has decided to prolong its lease agreement in the Turzyn shopping centre in Szczecin for another seven years.

Residential

Warsaw Wilno to get bigger

schedule 06 August 2014
Tomasz Szpyt-Grzegórski

POLAND Dom Development has started the construction and the sale of a new stage, Subocz, of the Wilno estate in Warsaw’s Targówek district.

Warehouse & industrial

Panattoni to build 90,000 sqm Sosnowiec park

schedule 06 August 2014
Nathan North
deputy editor

POLAND Panattoni Europe is to develop a new industrial park in Sosnowiec in Upper Silesia after buying a 4.2 ha investment plot from CTL Logistics.

Moscow hotel revenue drops in H1

schedule 06 August 2014
Rafał Ostrowski
journalist

RUSSIA With a 5.4 pct drop in the revenue per room (RevPAR) y-o-y, the performance of the Moscow hotel market for H1 2014 is down, but less than feared, according to the Moscow Hotel Market Update report by JLL.

LSR announces 1 mln sqm Moscow project

schedule 06 August 2014
Rafał Ostrowski
journalist

RUSSIA LSR Group is planning a 990,000 sqm residential project in Moscow’s Solntsevo district. Construction is to start next year, with the completion scheduled for 2019.

Radisson to open in Polish Tatra mountains

schedule 06 August 2014
Agata Kłapeć

POLAND Hotel group Carloson Rezidor, which owns 1,340 hotels worldwide including Radisson-branded hotels, has decided to enter another Polish city, the mountain resort of Zakopane.

Residential

Shiraz starts Bielany project

schedule 05 August 2014
Aneta Cichla

POLAND Development company Shiraz III has started the construction of the Shiraz Trio estate on ul. Josepha Conrada in Warsaw’s Bielany district.

Edition 4 (287) April 2024

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