Nefryt and Topaz sales signed and sealed 2010-09-2
POLAND Globe Trade Centre (GTC) has finalised the sale of two of class ‘A’ office buildings in Warsaw’s Mokotów district: Nefryt and Topaz. The properties have been acquired by a fund managed by RREEF Investment. Nefryt has an area(...)
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Sberbank buys majority stake in DB Development 2010-09-2
RUSSIA Deutsche Bank, Sberbank, Strabag and DB Development have signed a letter of intention for the sale of Strabag’s 49 pct holding in DB Development and the 2 pct stake held by the general director of the developer, Dmitry Garkusha, to(...)
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F1 brought to you by the Emir 2010-09-2
BULGARIA Abu Dhabi’s royal family is planning to build a Formula 1 racing circuit in Bulgaria, as part of an economic cooperation agreement signed by the Ministry of Economy and Mohammed Abdul Jalil al Blouki, a senior representative of the(...)
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Small is beautiful 2010-09-2
POLAND British-based investment company Bywater Properties (formerly Ethel Austin) is planning to focus on the retail market in Polish towns. The firm, which already has a portfolio of retail facilities and office buildings in Poland and the UK, has(...)
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Pekao prolongs record Warsaw lease 2010-09-2
POLAND Bank Pekao has extended its lease of the 39,000 sqm Lipowy Office Park in Warsaw until 2020. Europolis Lipowy Office Park is the owner of the complex, which was completed in 2008. The Bank Pekao contract remains the biggest leasing deal so(...)
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W. P. Carey gives Panattoni 100 pct 2010-09-2
POLAND W. P. Carey’s publicly-held, non-traded REIT affiliate, 17-Global is to provide100 pct of the financing for the construction and development costs of a build-to-suit logistics facility being developed by Panattoni in Poznań, Upon its(...)
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Nissin times two 2010-09-2
POLAND Goodman Group is to develop a 10,100 sqm warehouse in Łysomice near Toruń for Nissin. This is the second Polish warehouse leased from the developer to the Japanese logistics company. Construction work is to start in late September and should(...)
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Immorent takes up Lyra 2010-09-2
CZECH REPUBLIC Immorent Č R has started the construction phase for a new office building on Moulíkově street in Prague 5-Smíchov. The Lyra Office building will have a total area of 7,620 sqm of class ‘A’ space with six storeys and one(...)
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