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February 2012

Articles

At the beginning of 2012 a moratorium on retail development was introduced, leaving developers bemused
2/2012
 Now that the Hungarian government has reserved the right to vet all large retail developments, there remains much confusion as to what the law
New legislation that could hurt the residential sector
2/2012
An act designed to protect Polish home buyers comes onto the statute book in the spring. The so-called "Development Act" results from a
2/2012
CEE REGION Not many US investors have been active in the CEE region since the collapse of Lehman Brothers, as they retreated to the safety of their
2/2012
Ilike Kevin Spacey. I was enthralled by his performance in American Beauty. The mid-life crisis that he went through is a phenomenon that is sad and
2/2012
POLAND Over PLN 500 mln - will this be enough to overtake Condohotels, Inpro, Zdrojowa Invest and take the leading position on the Polish condo
2/2012
The spectre of eurozone collapse is still looming over the financial markets, weakening the enthusiasm to buy shares, despite this, sector indexes
Payment issues are plaguing constructors and developers, but is this a problem for all of them?
2/2012
The number of bankruptcies of Polish construction companies has been growing. More and more developers are being added to the National Debt Register
No end in sight for the funding woes of real estate ban
2/2012
An uncertain future lies ahead for two of the real estate financing units of German banks: WestImmo and Eurohypo. Both had been major providers of
Polish construction employees should brace themselves for cutbacks
2/2012
Constructors are faced with the prospect of less work. Some want to reduce employment and salaries. should industry professional start to worry?
2/2012
Warsaw. A group of young people break into a closed-down milk bar. They bring with them pots and crockery, open the kitchen and start preparing food.

News

03.02.2012
POLAND A tender has been announced for the construction of the Tczewska interchange on the A6 motorway. Work on the interchange should start in the...
03.02.2012
POLAND Tesco is to be the anchor tenant of Galeria Miodowa in Kluczbork, occupying an area of 4,000 sqm of the shopping centre. The mall has been...
03.02.2012
POLAND Management software producer Sage is to move to its new office in Airtech Business Park on ul. Kolejowa in Warsaw. The company will occupy an...
03.02.2012
CROATIA IKEA Croatia has announced that it has begun site preparations for a shopping and entertainment centre in Zagreb. The investment costs of the...
03.02.2012
ROMANIA Discount retailers MiniMax and Macro Stores have filed for insolvency. Both chains are owned by Romanian businessman Dinu Patriciu, whose...
03.02.2012
POLAND Fashion retailer Carry is the latest tenant to sign a contract for space in the Galeria Korona shopping centre in Kielce, the opening of which...
03.02.2012
POLAND Port-Hotel has announced an open tender to choose a general contractor for a hotel on ul. Spadochroniarzy in Gdańsk (opposite the main...
03.02.2012
POLAND Last year saw an increase in the total number of new residential units sold in the six largest residential markets in Poland (Warsaw, Kraków,...
03.02.2012
POLAND Hines Polska has begun the construction phase of the Apartamenty Novum estate on ul. Rakowiecka opposite the Cracow University of Economics....
03.02.2012
POLAND Polskie Składy Budowlane (PSB) intends to develop a mixed-use building, including a hotel as well as retail and office facilities, in...
03.02.2012
POLAND Warsaw’s Złota 44 skyscraper designed by Daniel Libeskind has now been topped off. The top 54th floor has been completed on the app....
02.02.2012
POLAND No companies have expressed an interest to build a shopping centre and stadium in Olsztyn as part of a PPP project. Despite the deadline being...
02.02.2012
EUROPE Around 33 mln customers visited outlet centres managed by Neinver in 2011, 7.6 pct more than in the previous year. Tenants saw turnover...
02.02.2012
POLAND Erbud has been commissioned by Durham, part of the Hines Group, to build a residential complex in Kraków. The net value of the contract...
02.02.2012
RUSSIA Over 1.07 mln sqm of residential space was completed in Leningrad Oblast in 2011, according to the Russian association of facility managers...
02.02.2012
POLAND Lublin-based construction company Wodrol Inwestycje, a has bought two plots with an area of app. 0.93 ha in the centre of Sandomierz. The...
02.02.2012
POLAND Eight companies are interested in purchasing 71.87 pct of the shares on offer for Zakopane company Polskie Tatry. The Ministry of Treasury has...
02.02.2012
POLAND Warsaw-based developer WAN has obtained a loan of over PLN 53 mln from PKO BP. The finance will be invested in the construction of Apartamenty...
02.02.2012
POLAND The four-star Słoneczny Zdrój Hotel Medical Spa & Wellness Centre is to be built on ul. Bohaterów Warszawy in Busko-Zdrój. This is to...
02.02.2012
CZECH REPUBLIC CA Immo has appointed Jones Lang LaSalle to manage River City Prague in Prague 8. The River City Prague development comprises three...
02.02.2012
SERBIA The sale of a 15 ha military barracks in Niš was finalised on Monday. US investor Clean Earth Capital plans to build a hotel, a shopping...
02.02.2012
CZECH REPUBLIC Three large companies have prolonged their leases and expanded their industrial and office space in Business Park Rudná in...
02.02.2012
ESTONIA Pro Kapital Grupp is planning to build its Moekombinaat project, a 54,000 sqm shopping centre in Tallinn. Currently, the group is preparing...
02.02.2012
RUSSIA OPIN [ОПИН] is planning six real estate projects with a combined cost of around USD 321 mln in the Moscow region. A...
02.02.2012
ROMANIA Office complex City Business Centre in Timișoara has been sold to New Europe Property Investors. The vendor Ovidiu Sandor, who was...
01.02.2012
UKRAINE Over 2,570 hotels are currently operating in Ukraine, according to daily newspaper ‘Delo’ (Дело)....
01.02.2012
RUSSIA The project for the construction of luxury apartments on the Kremlin Embankment...
01.02.2012
RUSSIA In 2011, LSR Group (Группа ЛСР) signed sales contracts for 340,000 sqm of housing worth...
01.02.2012
RUSSIA A total of 8,560 good quality hotel rooms were available in St Petersburg in 2011,.according to research by Jones Lang LaSalle Hotels. This...
01.02.2012
EUROPE Poland is third in the ranking of investment prospects on the property market in Europe, according to PwC and Urban Land Institute. The Polish...
01.02.2012
ROMANIA Real is to operate a 12,000 sqm hypermarket in AFI Palace B.NOI in Bucharest’s Noi district. AFI Palace B.NOI, which is being developed...
01.02.2012
HUNGARY Horizon Development is to renovate the former headquarters of the ‘Pesti Hírlap’ newspaper, otherwise known as the Eiffel Palace...
01.02.2012
POLAND Hochtief Polska has begun construction work on a 3,200 sqm manufacturing and storage plant, which also includes a two storey office block, for...
01.02.2012
POLAND BRE Bank has leased 1,665 sqm in the Senator office building in Warsaw, which is being developed by Ghelamco Poland. The facility is to offer...
01.02.2012
CZECH REPUBLIC GlaxoSmithKline has leased 2,153 sqm – the entire top floor – of the City Green Court building in Prague 4 - Pankrác. The...
01.02.2012
POLAND The Polish financial supervision authority (KNF) has approved the share prospectus of the Vantage Development, giving the developer the green...
01.02.2012
ESTONIA Developer VGP is to sell a 40,000 sqm logistics park in Tänassilma near Tallinn to the East Capital Baltic Property Fund II. The facility,...
01.02.2012
CZECH REPUBLIC In early April Orco is planning to the start construction phase for the V Mezihoří residential project in Prague’s Palmovka...
01.02.2012
POLAND Griffin Group has bought the Prima Court office building in central Warsaw from RE Polish Property. The property, situated on ul. Nowogrodzka,...