Although he was once a handball player, he is now managing a project associated with football. However, he considers this to be a business assignment – not focused on simple profit, but on(...)
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As commercial and residential  investment has now come to a grinding halt, everyone who can is switching to road, bridge and sewage plant projects. Central and local government look set to guarantee(...)
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Banks are CURRENTLY having to cope with all manner of problems, cutting expenses wherever they can. 
In the West, savings are being made in terms of office space – but not in Central Europe.(...)
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The source is drying up. Since the early autumn of 2008, developers and investors have been pushed to the wall, having to contend with much more severe conditions when applying for financing. The few(...)
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The postponement of projects across the real estate sector translates into a lack of work for construction firms. thankfully, there are still many road, airport, stadium and other civil engineering projects(...)
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The postponement of projects across the real estate sector translates into a lack of work for construction firms. thankfully, there are still many road, airport, stadium and other civil engineering projects(...)
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The inevitable slowing of Hungary’s real estate development market bodes no good for local builders, with many headed for bankruptcy. Already subdued by disappointing 2008 results after a major drop in(...)
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To get the US residential market moving, the government has prepared 10,000 green cards for all who buy properties from 35 accredited estate agents. In our part of Europe, developers must deal with(...)
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The old unworkable law on public-private partnerships 
in Poland has finally been replaced by a new Act. 
But has the new legislation avoided the mistakes of its predecessor?  The previous act on(...)
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“A crisis does not absolve us from responsibility,” – this was the conclusion of Michał Kołodziejczyk, the president of the Łódź-based Tom-Bud Developer, who bought a gold heart for PLN 1 mln during(...)
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RUSSIA Nearly 64 mln sqm of residential space (765,000 homes) was completed last year in Russia. This represents an increase of 4.5 pct on 2007, according to the Russian state committee for statistics(...)
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ROMANIA  Australian South Pacific is to begin two residential developments in the Bucharest area this year, investing more than EUR 75 mln in the projects. Building permits are expected to be granted next month for the(...)
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BULGARIA  Telecom firm BTK has leased 23,000 sqm of the European Trade Center complex, which is currently under constrution on Tzarigradsko Shose in Sofia. BTK is moving out of 9 separarte offices into one single unit(...)
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BULGARIA  Local firm Litos-iBuild has suspended work on it shopping centre project in Pazardjik due to the credit crisis. Construction work began in June 2008 and had been scheduled for completion in the autumn. The EUR(...)
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CZECH REPUBLIC  Lighthouse Group has started the groundwork on the Zelený Ostrov mixed-use project in Prague’s Vysočany district. In the first phase the Galeria Harfa shopping centre is planned, which is to have(...)
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CZECH REPUBLIC  Local developer ECM Real Estate Investments has received a zoning permit for its City Epoque Hotel development in Prague’s Pankrác district. The hotel is to be 75m in height and will offer 325(...)
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POLAND  Keen Property Partners Retail has received a building permit for its Galeria Victoria mixed-use development in Wałbrzych. The project includes retail, entertainment, residential and hotel sections. The mall,(...)
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ESTONIA  More than 100,000 sqm of office space came into use in Tallinn last year, according to Ober-Haus. At the beginning of the year in the capital the total area of Class ‘A’ and ‘B’ space(...)
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CEE REGION  Orco Property Group’s turnover in 2008 reached almost EUR 299.3 mln – a very slight increase from the EUR 299.2 mln achieved in 2007. The company sold 764 units across the region, while in 2007(...)
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LATVIA  Less than 3,000 homes were completed last year in Riga, down from the 6,780 that came into use in 2007 – according to Ober-Haus. The agency claims that 65 pct of last year’s new dwellings remain(...)
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BOSNIA-HERZEGOVINA  The Bosnian government is expecting to receive a EUR 245 mln loan from the European Investment Bank EIB) for the construction of a 65 km stretch of motorway. The project, which would be carried out(...)
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ROMANIA  Proctor & Gamble is to invest USD 50 mln (EUR 38.9 mln) in the first stage of a hair care products factory in Urlaţi. Construction work on the facility has just started and is to take until spring 2010. The(...)
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BULGARIA  Plaza Centers has acquired a 51 pct stake in an 807,300 sqm retail and office project in Sofia for EUR 7.14 mln. The company has reserved the right to buy another 24 pct in the six months after the start of(...)
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BULGARIA  Investment fund Orchid Developments Group Limited, the developer of Grand Mall Varna, has decided to cancel the construction phase of the office section of the project due to the credit crunch. The fund does(...)
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RUSSIA  CB Richard Ellis has signed an affiliate agreement with local retail property services company  Magazin Magazinov. The Russian firm was founded in 1999 and now employs 45 people at its office in Moscow, serving(...)
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RUSSIA Sibir Engery has withdrawn from a deal to buy the real estate assets of one of its largest shareholders, Shalva Tchigirinsky. The properties include the gigantic Russia Tower skyscraper project and have a(...)
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CZECH REPUBLIC The amount of modern shopping centre space in the Czech Republic now totals app.  1.83 mln sqm, with the total supply nearly having doubled since the beginning of 2004. According to CBRE, approximately(...)
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POLAND  Panattoni has signed a number of leasing contracts for warehousing space in the developer’s recently completed Panattoni Park Kraków. Publishing House Społecznyu Instytut Wydawniczny ZNAK is to lease 1,760(...)
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WORLD  US-based real estate consultancy Jones Lang LaSalle suffered a 68 pct slump in net profits last year, falling from USD 256 mln for 2007 to USD 84 mln. Respectively, this constitutes a fall in share price to USD(...)
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ROMANIA  The prices of homes in the Asmita Gardens residential project in central Bucharest have been revised downwards by EUR 10,000 to an average of EUR 176,000 for each unit EUR 1,500 per sqm). SHM Smith Hodgkinson,(...)
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BULGARIA  In the spring, local company BG Stroi (БГ Строй) will begin the construction phase of the Palazzo Reale Tzarevo luxury apartment development on the Black Sea. The(...)
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BULGARIA  The Greek national bank, the owner of Bulgarian bank OBB (Обединена българска(...)
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BULGARIA  Halkom has started the construction phase of the development of the Aquamarine 2 real estate complex in the seaside town of Obzor. The project is situated 100m from the coast  on the southern skirts of the(...)
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RUSSIA  The ambitious Moscow-City's project (Moscow International Business Center) is still moving forward despite the credit crunch. Moscow Mayor Yuri Luzhkov is insisting that the project will be completed but at a(...)
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HUNGARY  Local developer Ablon has decided to suspend all but 3 of its 23 ongoing projects in the CEE region due to the worsening financial and economic situation. According to the company, the decision was taken with(...)
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POLAND  Kraków-based developer Leopard has filed for bankruptcy. The company has asked the court to appoint a liquidator, rather than an official receiver. The difference lies in the fact that a liquidator may attempt(...)
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POLAND  Jysk is planning to expand its central distribution warehouse for Central and Eastern Europe in Radomsko – according to PMR. The company has received a grant for the project amounting to PLN 79.5 mln from(...)
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RUSSIA  German company Peek und Cloppenburg has opened its first Van Graaf store in Moscow. This year the group, which is already present in Poland, also intends to enter the Hungarian and Czech markets. The Moscow(...)
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HUNGARY  The bankruptcy rate for construction companies could rise from 5 pct to 6-7 pct in 2009, according to corporate data provider Opten. Currently, there are 66,800 firms operating in the sector in Hungary. Opten(...)
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UKRAINE  Investment-development company St. Sophia Homes (Сент София Хоумс) has completed its Riviera Riverside residential project on(...)
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POLAND Orion Investment will shortly be debuting on the NewConnect stock market – a section of the Warsaw Stock Exchange for small and medium-sized companies. The firm is involved with the development, sales and(...)
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UKRAINE  Lviv city council has set up a group of experts to draw up a city-planning concept to develop the area around the stadium to be used as a venue for the Euro 2012 football championships. The group will be(...)
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POLAND Mostostal Warszawa has signed a contract with the Adam Mickiewicz University in Poznań regarding the construction of a building for the faculty of law and public administration. The construction work is to be(...)
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POLAND  In the middle of this year, Centrum Development & Investments is to start renovation work on the Okrąglak building in central Poznań. The 8-storey building contains 5,100 sqm of office space and an(...)
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POLAND  Immergas has become the first tenant of the Parkridge Business Centre Łódź logistic centre. The company has leased 3,400 sqm of warehouse space and an additional 1,000 sqm of office space. The Łódź facility,(...)
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POLAND According to some unofficial sources, the Mostostal and J&P Avax, which have been appointed general contractors for the Wrocław EURO 2012 stadium project, will now not be carrying out this project. Gazeta(...)
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MACEDONIA  The combined value of Macedonian construction projects with building permits in December has been estimated at MKD 3.63 bln (EUR 58.9 mln) by the national statistics office. This represents a rise of 110.19(...)
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BOSNIA-HERZEGOVINA  Residential prices have fallen substantially over the last 6 months due to market saturation, problems obtaining credit, unrealistic price expectations and fears of recession, according to a survey(...)
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ROMANIA  Polish developer Echo Investment has received a building permit for its Korona multi-functional shopping and entertainment centre in Braşov. The 153,000 sqm complex will feature a 53,000 sqm mall with 240(...)
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UKRAINE  Argo Real Estate Opportunities Fund has signed leasing contracts with 4 new tenants of its Odessa Riviera Shopping City in Odessa. The 4 fashion retailers – Zara, Pull and Bear, Bershka and Stradivarius(...)
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UKRAINE The secretary general of the European football federation, UEFA, has claimed that Ukrainian preparations for the Euro 2012 football championships is progressing, despite the ongoing economic crisis. David(...)
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CZECH REPUBLIC  The Lighthouse Group, whose shareholders are Deutsche Bank’s RREEF real estate investment fund, GTC, the Scorpio BSG Investment Group and Alliance Holdings & Developments Limited, has started(...)
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POLAND  Mahler Property Services, manager of the Warsaw Financial Center building, has extended the two tenancy agreements with CMS Cameron McKenna Dariusz Greszta and the European Bank for Reconstruction and(...)
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EUROPE  The Raddison SAS hotel chain has hanged its name to Raddison Blu Hotels and Resorts, as a result of ending its 50-year co-operation with SAS airlines. According to Markkinoiti and Manonta magazines, the new name(...)
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BULGARIA  Local company Koev has won the tender for the construction of a new airport terminal in Plovdiv. The company has signed a contract with the airport management worth nearly EUR 7 mln, according to which the(...)
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RUSSIA  The Samohval (Самохвал) group, which owns 60 supermarkets and 10 entertainment centres in the Moscow and Central Federeal District, has filed for bankruptcy. Last(...)
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RUSSIA  Sberbank has bought the 57,000 sqm Yuzhny (South) Port (Южный Порт) business centre in Moscow for a sum reported to be almost USD 300 mln. The payment is to(...)
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HUNGARY  Pécs city council is shortly to announce a tender for the sale and extension of Pécs Pogány. The authorities are looking to find an investor willing to put at least HUF 2.5 bln (EUR 9.36 mln) into redeveloping(...)
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CZECH REPUBLIC  Crescon is developing a luxury residential project on Procházkova street in Prague’s Podolí. Procházkova 7 is to be a 5-storey apartment building with 8 residential units and 1 non-residential(...)
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BULGARIA  Plaza Centers, which last week bought 51 pct of a multi-functional project in Sofia, has revealed details of more than EUR 7 mln worth of transactions. The company is planning to develop the  complex on a plot(...)
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ROMANIA  A survey by newspaper Ziarul Financiar has revealed that 10 developers active in the country have postponed or cancelled 120 projects in the last 3 months. These include the development of 50,000 apartments, 7(...)
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ROMANIA  The 4-star Stil hotel in Bucharest has been put up for sale for EUR 3.8 mln – a similar price to that for which it was bought in 2007. The Best Western affiliated hotel, which has a capacity of 30 rooms(...)
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RUSSIA  Marriott International has announced that it is to open its seventh hotel in Moscow this year: the Renaissance Moscow Monarch Center. The 366-room hotel, which is to feature a fitness and spa centre, a(...)
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HUNGARY  UK mobile phone operator Vodaphone is planning to open a HUF 500 mln regional customer service centre in the city of Miskolc. Investment costs for the project, which is the result of consultations with the(...)
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RUSSIA  The height of Rossija (Россия) tower, which is to be developed in Moscow by ST Towers (СТ Тауэрс) company belonging to the(...)
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SLOVAKIA  Employment in the construction sector grew by 11.1 pct in December, while salaries increased by 10 pct – the highest growth of any industry, according to the Slovak Statistical Office (SUSR). The sector(...)
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MONTENEGRO  The second stage of the development of Hotel Iberostar Otrant Beach in Ultsin is to be completed this year by Russian developer Barkli (Баркли), resulting in an upgrading(...)
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RUSSIA  The European Bank for Reconstruction and Development(EBRD) has granted a loan of USD 40 mln to Megalogistics – a joint-venture set up by Raven Russia and Avalon Group – for the development of a(...)
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ROMANIA  Preliminary results show that Impact Developer & Contractor achieved a turnover of RON 151.7 mln in 2008 – a 40 pct increase on the RON 108.64 mln recorded the previous year. Operating income for the(...)
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ROMANIA  The occupancy rate of 5-star hotels in Bucharest in January was less than 50 pct – a fall of around 10 pct on the same month in 2008. Although January is out-of-season, the rate usually returns to normal(...)
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WORLD  Real estate consultancy CB Richard Ellis suffered a 79 pct fall in net profits last year. In 2008, the figure came to USD 83.9 mln (USD 0.39 s share), compared to USD 496.8 mln (USD 2.11 a share) a year earlier.(...)
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POLAND  Keen Property Partners Retail (KPP Retail) has announced its plans for an 45,900 sqm (38,000 sqm gla) shopping centre in Gniezno, which is to contain almost 100 stores. The developer is currently working towards(...)
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HUNGARY  Modernization work has been completed on the Honvéd Center building in the government district of Budapest. The original late 19th century façade of the 4-storey building has been retained, but the interior now(...)
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ROMANIA  Bloom, a company owned by Emirates International Investment and funded by Abu Dhabi’s ruling family, has reportedly halted an unspecified EUR 450 mln mixed-use development in Romania. The project, which(...)
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BULGARIA  The Evrotour building in Sofia has now opened after being issued with a business permit. The 10-storey, 12,000 sqm building was jointly developed by the city’s chief architect Milomir Bogdanov and Bates(...)
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BULGARIA  Polish retailer LPP has officially introduced the Reserved and Cropp Town brands to the Bulgarian market. The company opened its two stores in the recently completed Park shopping centre in the city of Stara(...)
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BULGARIA  British billionaire Joe Lewis making another attempt to take over the AIM-listed Bulgarian Property Developments (BPD). Windsorville Investments, the SPV established by Lewis to acquire the Bulgarian(...)
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EUROPE  ProLogis European Properties (PEPR) has completed the sale of the final third of its investment and future commitment to the ProLogis European Properties Fund II (PEPF II) to 6 institutional investors. The(...)
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WORLD  In 2008, global investment in commercial property fell by 58 pct to USD 435 bln from USD 1.05 bln the previous year, according to research carried out by Cushman & Wakefield. This is the lowest figure since(...)
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SERBIA  Novi Sad city council has amended the city’s urban plan to allow construction work to go ahead on a new shopping centre. The EUR 80 mln mall is to have a retail area of 39,000 sqm, making it the biggest in(...)
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BULGARIA The European Commission has urged Bulgaria to hold a new tender for two sections of the key Trakia motorway, saying some requirements in the previous tender were discriminatory. The selection of building(...)
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CZECH REPUBLIC The car park section of the Liberec Plaza shopping centre in Liberec is to open for public use on February 16th before the official opening of the 17,000 sqm complex on March 26th. Parking for 490(...)
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CZECH REPUBLIC  A record was set last year for the amount of new office stock completed in Prague, reaching the level of 323,100 sqm – according to research carried out by CB Richard Ellis. In Q4 2008, 91,000 sqm(...)
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HUNGARY  Swiss vending machine servicing company Selecta is to move into new offices in the BFI office building in Budapest. Thanks to the transaction, the 7,400 sqm property on Fehérvári street in South Buda is now 80(...)
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ROMANIA  The collapse of the car market resulted in a 35 pct y-o-y fall in the revenue of leasing comapnies in January, according to the ‘Ziarul Financiar’ newspaper, which is predicting even worse results(...)
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RUSSIA  Promsvyaznedvizhimost (Промсвязьнедвижимость) has decided to concentrate its(...)
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RUSSIA  Oleg Yasyuk, the deputy mayor of Sochi has announced that an additional 19,000 hotel rooms are to be built ahead of the resort’s hopsting of the 2014 Winter Olympics. As well as new buildings in Sochi,(...)
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CZECH REPUBLIC  Wholesale flower suppliers Landgard have signed a lease for app. 5,000 sqm of warehousing space at VGP Park Horní Počernice. The company will be moving into its new premises later this month. CB Richard(...)
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ROMANIA  The Iris Shopping Center Titan in Bucharest has been officially opened. The 30,000 sqm second phase (14,000 sqm of which is leasable) adds to the 37,650 sqm gla of the first stage, which was opened in Q4 2006.(...)
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ROMANIA  By 2011 another eight hotels will be added to the Bucharest market, representing a 30 pct rise in the number of hotel rooms – according to research carried out by consultants CB Richard Ellis. The new(...)
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RUSSIA  Logistics developer Raven Russia has agreed terms to buy out its British founder-company Raven Mount for GBP 57 mln. The acquisition is supported by four major shareholders in both companies. For this(...)
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POLAND  Polish logistics operator Spedimex has leased 17,000 sqm of hall B of Panattoni Park Stryków. The park, located in Stryków near Łódź, contains 100,000 sqm of warehousing in three halls. Existing tenants include(...)
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POLAND  Three brands belonging to the Inditex Group have leased space in the Galeria Jurajska shopping and entertainment centre in Częstochowa. Zara, Bershka and Stradivarius will occupy a combined area of 2,600 sqm in(...)
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EUROPE  Belgian logistics developer Immo Industry Group (IIG) has filed for bankruptcy due to its inability to meet its legal requirements and the failure of a financial rescue plan. The company had been planning 18(...)
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ROMANIA   Estonian real estate investment fund IPC has postponed the launch of two projects with a combined value of more than EUR 10 mln in Romania, initially planned for this year. The projects, one residential and(...)
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BULGARIA  Real Estate Services Bulgaria (RESB), a subsidiary of Cinema City International, has chosen a general constructor for its retail project in Rousse – Mall Rousse. The contract has been awarded to Sienit.(...)
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BULGARIA  German logistics company Schenker is to invest EUR 10 mln in the construction of a warehousing facility near Sofia. The building is to contain 5,000 sqm of warehouse space and 3,000 sqm of office space. The(...)
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BULGARIA The prices of newly-built homes in Bulgaria went down by 30 pct year-on-year in January as a result of the global financial turmoil, the latest data by  the Bulgarian unit of U.S.-based real estate company ERA(...)
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CZECH REPUBLIC Skanska has been contracted to build a new 7 km stretch of the R7 highway in the Czech Republic. As well as road construction, the project involves building bridges and interchanges with on- and(...)
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CZECH REPUBLIC Tesco is to launch a new department store brand called ‘My’ later this month. The opening of My Liberec on February 26th will be the first in a series of stores under the new concept with(...)
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POLAND Intersport Polska is to open only two new stores this year – one in the Solaris shopping centre in Opole (740 sqm), with the second being in Galeria Jurajska in Częstochowa (1,165 sqm). In 2009-2011, due to(...)
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CEE REGION  The retailer LPP, which owns the Reserved, Cropp, House, Mohito and Esotiq brands, is to add 56 new stores to its portfolio in the first half of the year – an additional 21,000 sqm of retail space. Due(...)
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CEE REGION  Orco Property Group was made 220 employees – around 10 pct of the total workforce – redundant since it embarked upon a major restructuring programme after being severely hit by the credit crunch(...)
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RUSSIA  Warehouse developer Raven Russia has enterd negotiations with HSH Nordbank over the refinancing of a USD 65 mln logistics project in Noginsk. At the moment, the loan is due to be repaid in October this year, but(...)
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ROMANIA  A Zara store is to open for the first time on a Romanian high street. An outlet of the brand, which is owned by the Inditex group, is to replace the former Media Galaxy electrical goods store on the ground(...)
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HUNGARY  The Hungarian government is to earmark HUF 1,800 bln (EUR 6.24 bln) for construction projects over the next 18 months. Most of this money is to come from EU funds. The development and economy minister Gordon(...)
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SERBIA  Israeli-based Africa-Israel Investments (AFI)  is negotiating the sale of the large scale Airport City (73,000 sqm) office park project in  Belgrade. According to Globes.co.il, AFI is talking to a Greek-based(...)
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BULGARIA  Around 10.6 pct fewer residential building permits were issued in Q4 2008 in Bulgaria, compared with the previous quarter, and fell by 15 pct y-o-y. In the last three months of 2008, permits for 100 office(...)
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BULGARIA  Bulgarian-Israeli joint venture MD Investment is planning a EUR 16 mln  food and electronics retail centre in Bulgaria’s second largest city Plovdiv. The design work should be completed by September,(...)
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BULGARIA  Bulgaria remains the most attractive country for Russian customers looking to buy holiday property abroad. In January alone, around 20 pct of the users of the prian.ru real estate website were looking for(...)
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ROMANIA  In the draft state budget for 2009, the Romanian government intends to allocate EUR 1.96 bln for transport projects and to invested EUR 1.5 bln in public works and housing. The government plans to invest EUR(...)
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ROMANIA Norwegian investment fund Romania Invest has signed a partnership agreement with modular wooden home builder Hi Cube (also of Norway) for the possible development of such houses in the northern town of Reghin.(...)
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ROMANIA  The value of Romanian land could plummet by as much as 90 pct this year, according to consultants Darian. The steepness of the predicted reduction in value is due to the fact that prices rocketed in 2007 thanks(...)
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ROMANIA Cinema City International has signed three leasing contracts with TriGranit evelopment Corporation regarding space for Cinema City’s multiplexes. In Cluj, in the Riverfront shopping centre, scheduled for(...)
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BULGARIA LPP Retail Bulgaria, a subsidiary of the Polish-based retailer LPP, has signed leasing contracts with Globe Trade Centre for retail space in the developer’s shopping centre projects that are now underway(...)
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CZECH REPUBLIC  Immoeast has sold the Jungmannova Plaza office complex in Prague to the Deka Immobilien Invest fund. The 10,300 sqm building is now fully leased by companies such as ABN Amro, Patria Corporate Finance(...)
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POLAND BD Hirny recorded a 196 pct sales increase having sold 226 flats in 2008 – a significant increase on the 76 flats it managed to sell in 2007. Currently the Polish developer is working on the completion of(...)
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POLAND According to the latest data published by the Polish Central Statistical Office (GUS) only 9 pct of the construction companies in Poland feel that the condition of the sector is improving, while 40 pct feel that(...)
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POLAND The Monnari Trade company has filed for administration for one of its subsidiaries – the Molton company, which accounts for losses of PLN 3.6 mln within the retailer’s portfolio. The owner of the(...)
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POLAND The Mostostal Export Group has changed its annual revenues forecast from PLN 200 mln to PLN 172 mln. The correction is due to the necessity of changing the partner bank in Russia as a consequence of its poor(...)
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EMEA REGION  DHL Exel Supply Chain (DESC), Europe’s largest global supplier of logistics services, has chosen CB Richard Ellis to exclusively support its expansion programme across Europe, Middle East and Africa.(...)
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CEE REGION  EM&F Group, a leading retailer in Poland with operations in the Czech Republic, Russia and the Ukraine, is to invest PLN 100 mln in expanding its operations during 2009. By the end of 2008, the group(...)
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MACEDONIA Skopje, the capital of Macedonia, offers the fifth largest rental yields in the world, according to the Global Property Guide, which estimates annual yields in the city at 10.11 pct. Based on current prices in(...)
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LITHUANIA  In 2008, 85,700 sqm of office space was completed in Vilnius – the most of any year – bringing the total amount of offices available to 354,500 sqm, according to Ober-Haus Real Estate Advisors. In(...)
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POLAND The Marino Shopping Centre (19,000 sqm) and the Młyn Retail Park (9,700 sqm) in Wrocław are to be managed by Colliers International Poland. Colliers, which established its property management department in August(...)
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POLAND Regus has officially opened its sixth business centre in Warsaw. The company is offering 220 work stations at the North Gate office building in the centre of Warsaw, 30 pct of which has already been leased out.(...)
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WORLD Alexander Otto, the CEO of the German real estate group ECE, has become the new majority stakeholder in the US-based Developers Diversified Realty (DDR) company, which develops and manages retail properties in the(...)
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EUROPE  London has lost its status as the world’s most expensive office location for the first time in nine years – according to the new ‘Office Space Across the World 2009’ report from global(...)
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EUROPE  The volume of European real estate investment transactions fell significantly in 2008 to EUR 117 bln, a 53 pct fall in activity year-on-year – according to the latest data published by CBRE. 24 out of the(...)
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UKRAINE Africa Israeli Investments has put on hold its mixed-use project in Zaporzhia in Ukraine. The EUR 200 mln project, which features 150,000 sqm of office and retail space, was to have been completed in 2010. The(...)
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ROMANIA Three consortiums have entered binding bids for the concession for the construction of the Comarnic-Braşov motorway section in central Romania. The contract covers the design, construction, financing, operation(...)
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POLAND  Denmark- based developer Sjælsø is to develop the Porto 55 shopping centre in Elbląg. The 48,000 sqm gla mall is to be located on ul. Królewska and ul. Nowowiejska. According to the design, the project(...)
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POLAND  Panattoni Europe has started the construction work on Panattoni Park Wrocław II in Nowa Wieś Wrocławska. The facility is to contain 60,000 sqm in two halls. The B hall is scheduled for completion in Q2 2009,(...)
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RUSSIA  The Svetofor (‘Traffic Light’) shopping centre has opened in in Lyubetsy in the Moscow region. The 33,500 sqm mall, which is located on Pobratinov street, houses tenants such as: an Ostrov(...)
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RUSSIA  Local medicine distributor Katren has signed a tenancy agreement for 6,000 sqm of the second stage of the MLP-Utkina Zavod logistics complex. The contract is valued at USD 1 mln per year. The 210,000 sqm(...)
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ROMANIA  A survey carried out HR Consultancy Hewitt Associates last December reveals that 85 pct of real estate companies are planning to make redundancies this year in response to the economic crisis. These firms(...)
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ROMANIA  Anchor Grup has reduced the prices of homes in its InCity residential development in Bucharest’s Vitan district. The 502 units within the project, which is currently under construction, had been selling(...)
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ROMANIA Irish developer Black Pearl is planning to build 462 homes in Romania this year, 310 of which would be developed in Mogoşoaia in northern Bucharest. Construction work on the project – the first phase a(...)
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CEE REGION  Research carried out by Cushman & Wakefield shows that industrial stock in the Visegrad countries grew by 31 pct last year to 10.5 mln sqm. Most of the new space was completed in Poland (1.283 mln), a(...)
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