|
CURRENT ISSUE
|
|
 |
NEWS
|
| ECE granted EUR 111 for Kaskada |
9-03-2010 |
|
POLAND ECE Projektmanagement has signed a contract with Berlin Hyp bank regarding a EUR 111 mln loan for the company’s Galeria Kaskada shopping mall in Szczecin. Galeria Kaskada, which is scheduled for delivery in the autumn of 2011, is to cost a total of EUR 190 mln. Strabag has been appointed general contractor for the project, with the construction work to start immediately. The 43,000 sqm mall is currently 55 pct leased to tenants such as Van Graaf, Intersport and C&A.
|
| Half of Bonarka for sale |
9-03-2010 |
|
POLAND TriGranit has announced that it is looking for a buyer for its Bonarka shopping centre located in Kraków. The company intends to keep around 50 pct of the shares in the mall and will remain as manager of the facility. The 91,000 sqm centre features 270 stores and was developed at cost of around EUR 350 mln. Last week, TriGranit decided to go ahead with the office component of the scheme, which includes a residential estate and would bring the total investment costs up to EUR 500 mln. The company claims that it has already received several offers to buy into the mall, and is currently taking part in a number of serious negotiations.
|
| Engineering in the Urals |
9-03-2010 |
|
RUSSIA Electrical engineering firm Russkiy Svet (Русский свет) has signed a 5-year lease for 12,500 sqm of class ‘A’ warehousing in the Pyshma (Пышма) Logopark in the Sverdlovsk region. The developer of the complex, which has a total area of 195,000 sqm and is the only facility of its kind in the Urals, is Eurasia logistics. (Source: CRE)
|
| Sberbank sells Alpi chain |
9-03-2010 |
|
RUSSIA State-owned bank lender Sberbank has auctioned off 23 Alpi supermarkets for USD 117 mln (EUR 86 mln) to AMK-Pharma. The ownership of the properties had been transferred to Sberbank at the end of last year to cover unredeemed debts owed by Alpi. The portfolio includes a total of 324,000 sqm m2 of retail space. Sberbank has also recently taken over retail assets from Mosmart and Vester Group, as well as a stake in the Capital City project in Moscow. (Source: ‘Property EU’)
|
| Eurolux changes hands and name |
9-03-2010 |
|
RUSSIA Umaco has bought the Eurolux hotel complex in central Moscow from a consortium made up of private investors. The 3-star complex, which is currently under refurbishment, should be re-opened this spring under the new name of Katerina Park. The 12-storey hotel has 260 guestrooms, a bar and a restaurant, and will be extended with a 1,500-seater congress centre by the autumn. Umaco has also announced plans to introduce to new hotel brands: Katerina Inn and Katerina City, in an investment of around EUR 219 mln. (Source: ‘Property-EU’)
|
| Good news expected |
9-03-2010 |
|
CEE REGION Around 1.5 mln sqm of modern industrial space was leased out in the Central European region in 2009, a figure comparable with that of France, which saw 1.6 mln sqm of take up last year, and is considered to be the largest industrial real estate market in Europe, according to research by Cushman & Wakefield. The most significant tenant interest was recorded in Poland and the Czech Republic. The volume of new construction in 2009 was down by 35 pct y-o-y. In total, 1.6 mln sqm of modern industrial space was built last year in Poland, Slovakia, Czech Republic and Hungary – down from almost 2.5 mln sqm in 2008. The current vacancy rate across Central Europe now stands at around 16 pct. The lowest vacancy rate was recorded in Slovakia (7 pct), the highest in Hungary (19 pct). This year C&W expects a more acceptable rate of app. 12 pct to be reached. Standard rents in prime locations throughout the Central European region are app. EUR 3.5 per sqm a month. At the beginning of 2009, rents in locations with high vacancy saw a downward correction of app.10-20 pct. Today, there is a total of app. 12 mln sqm of modern industrial space in the Central European region.
|
| Consortium for ring road |
9-03-2010 |
|
POLAND A consortium made up of PM Group and Fehily Timoney has signed a contract for the project management of the ring road construction in Mięków (national road 3). The contract is worth PLN 50 mln and includes supervising the realization of the project as contract engineer and project manager. The project should be completed within 2 years.
|
| Hercesa finally gets apart-hotel off the ground |
9-03-2010 |
|
ROMANIA Spain's developer Hercesa has taken out a EUR 10 mln loan from BCR and La Caixa banks to complete renovation work to the former Cişmigiu Hotel on Bucharest’s Blvd Regina Elisabeta. The 6,900 sqm property, which it purchased in 2004, is due to converted into a 67-room apart-hotel by late 2011, while the historic façade is to be restored. An operator has yet to be chosen for the hotel, which will also feature some office and retail space. The Cervantes Institute has already agreed to move into the building in 2012. Hercesa is also planning its first new hotel project in the city, the 12-storey Mircea Vodă. (Source: business-review.ro)
|
| New estate from Nickel Development |
9-03-2010 |
|
POLAND Nickel Development is to build the Zamkowa residential estate between ul. Zamkowa, ul. Dworska, ul. Komornicka and ul. Koronna in Dąbrówka near Poznań. A total of 127 residential units are planned, both in the single- and multi-family format. The apartments will have areas ranging from app. 50 sqm to over 80 sqm, while the houses will be nearly 100 sqm. All the homes will have gardens of between 50 sqm and 285 sqm and terraces with areas from 51 sqm to 60 sqm. The first stage of the project, which will include 63 units, should be completed in Q1 2011, with the planned completion of the second stage having been set for Q4 of the same year.
|
| Warsaw airport in the hands of Hochtief |
9-03-2010 |
|
POLAND A consortium made up of Hochtief Polska and Hochtief Construction has signed a contract with Przedsiębiorstwo Państwowe Porty Lotnicze for the completion of extension work to Fryderyk Chopin Airport in Warsaw The contractors’ tasks will include the construction of the central jetty and the completion of the jetty of the southern terminal. The project, which is worth more than PLN 91.96 mln, is to start in March this year and should be finished in March 2011. Once the work is completed, the airport will have 45 gates in the departure hall and 27 wind socks.
|
|
 |
CONFERENCES
|
STOCK EXCHANGE
|
|
