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News

American BPO firm expands in Romania

schedule 04 August 2014
Agata Kłapeć

ROMANIA The US business process outsourcing company Genpact has leased 3,000 sqm in United Business Center Tower, an under-construction office building in the Romanian city of Cluj-Napoca, to further expand its operations in the country.

Investment & finance

Spar sale to Ahold goes through

schedule 04 August 2014
Nathan North
deputy editor

CZECH REPUBLIC Brno competition authorities have approved the sale of Spar Czech Republic to Dutch retailer Ahold.

Investment & finance

Immofinanz posts 62.8 pct growth in annual profit

schedule 04 August 2014
Agata Kłapeć

CEE REGION In its last fiscal year, the Austrian real estate company Immofinanz Group has seen net profit rising by 62.8 pct, to EUR 180.4 mln.

Investment & finance

Inpro leases back Hotel Mikołajki

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND Inpro has signed a letter of intent for the sale and leaseback of the five-star Hotel Mikołajki by Mleasing.

Ghelamco buys land for office building

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND Ghelamco has bought two plots in Warsaw’s Mokotów district for the development of an office building with an area of app. 20,000 sqm.

Public procurement free of the lowest price

schedule 01 August 2014
Rafał Ostrowski
journalist

POLAND According to recent amendments to public procurement law, price will no longer be the only valid criterion for the selection of companies to carry out projects.

Residential

Budimex to build Pod Słońcem

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND Budimex Nieruchomości is starting the construction of the third stage of the Pod Słońcem estate on ul. Batalionów Chłopskich in Warsaw’s Bemowo district.

Retail & leisure

Inbap signs contracts with CCC

schedule 01 August 2014
Aneta Cichla

POLAND CCC footwear stores are to be opened in five shopping centres that are currently under construction and owned by the Inbap closed investment fund for non-public assets.

Retail & leisure

Ninth Dekada centre opens

schedule 01 August 2014
Aneta Cichla

POLAND Dekada’s ninth retail facility has opened in Brodnica in the Kuyavian-Pomeranian Province).

Polimex sells another property

schedule 01 August 2014
Aneta Cichla

POLAND Polimex-Mostostal is continuing with its restructuring process through the sale of properties unrelated to the main operations of the company.

CTP to construct custom-built facility for German pipe maker

schedule 01 August 2014

ROMANIA Dutch developer CTP has signed an agreement with the German pipe manufacturer Fränkische to provide an app. 3,400 sqm custom-built facility at the CTPark Turda industrial and warehousing park in Romania worth EUR 2 mln.

Residential

Metrostav wins biggest ever one-stage residential contract

schedule 01 August 2014
Nathan North
deputy editor

CZECH REPUBLIC Central Group has chosen Metrostav to construct the Residence Garden Towers estate in what is claims is the largest tender for a residential project in the Czech history. The contract is worth more than CZK 2 bln (app. EUR 72 mln).

AMW sells 38 ha military plot in Ciechanów

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND Polish Military Property Agency (AMW) has put up for sale a 37.7 ha land plot in Ciechanów. Located on ul. Wojska Polska, app. 1.5 km from the city centre, the plot is packed with 84 military buildings.

Hotels

Zdrojowa Invest teams up with Carlson Rezidor

schedule 01 August 2014
Aneta Cichla

POLAND Carlson Rezidor Hotel Group has decided to open a five-star Radisson Blu Resort in Świnoujście as part of the Baltic Park Molo complex, developed by Zdrojowa Invest. This will be the first Radisson Blu Resort-branded hotel in Poland.

Investment & finance

Skanska wants to take over five star hotel in Warsaw

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND/EUROPE Skanska Central Europe Holding is about to take over SPS Investment, the majority stake owner of Warsaw’s Westin hotel.

Czarnecki takes over Hajdarowicz land plots in Kraków

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND Not Murapol but LC Corp, a company owned by the Polish millionaire Leszek Czarnecki, will buy a 6.4 ha Kraków land plot. The seller is the Jupiter fund, a part of the Gremi group that is owned by Grzegorz Hajdarowicz.

Construction

Underwater tunnel to link Crimea with Russia?

schedule 01 August 2014
Rafał Ostrowski
journalist

RUSSIA/UKRAINE Chinese investors have offered the Crimean authorities to build a 4 km long underwater tunnel on the bottom of the Kerch Strait. The tunnel would accommodate two-way railway tracks and a six-lane motorway.

Investment & finance

Czerwona Torebka sees improved sales in H1 2014

schedule 01 August 2014
Tomasz Szpyt-Grzegórski

POLAND In the first half of 2014, Czerwona Torebka has managed to sell 54 units worth nearly PLN 31 mln. Their total leasable area reached 4,900 sqm, a three-fold y-o-y increase, the company informed

Bad-debt weakened Erste posts EUR 930 mln loss in H1

schedule 01 August 2014
Agata Kłapeć

CEE REGION Austrian banking group Erste has seen a EUR 929.7 mln loss in the first half of 2014 driven by the writedowns and tax regulations across the CEE markets.

OTP Group acquires Romanian Millennium Bank for EUR 39 mln

schedule 01 August 2014
Agata Kłapeć

ROMANIA Portuguese commercial bank Banco Comercial Português is selling its Romanian unit, Millennium Bank, to the Hungarian OTP Bank that operates across eight CEE markets.

Edition 4 (287) April 2024

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