EUROPAPROPERTY.COM NEWSLETTER -  APRIL 26, 2010 (ISSUE 116)
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Union Investment acquires Horizon Plaza in Warsaw

Union Investment Immobilien has acquired the Horizon Plaza Office Complex developed by IVG in Warsaw for around €102 million. This is the largest transaction on the commercial real estate market this year in Poland.  
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Galeria Mazovia opens in Płock

Galeria Mazovia has opened in the Polish city of Płock. The new 55,000 sqm shopping centre offers 110 shops, restaurants, and service units, as well as entertainment facilities, most of them well-established and respected brands so far absent from the Płock region. 
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Sanador leases a 15,000 sqm office building for a hospital in Bucharest

DTZ Echinox has mediated the lease of a 15,000 sqm office building, between Sanador and Castrum Corporation. Starting from September 2010, a new general hospital with a capacity of 120 beds will open in this location.
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Panattoni to build 57,000 sqm warehouse for Tesco

Panattoni has beaten another record on the industrial real estate market. After contracts concluded with H&M and Leroy Merlin, Panattoni has acquired another huge BTS contract, to be executed for an industrial leader. The developer will build the biggest warehouse in Poland for the Tesco chain, covering 57,000 sqm of warehouse space.  
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Aura shopping centre welcomes anchors

A recent presentation of the shopping and entertainment centre AURA (Novosibirsk) has taken place in Moscow. It was organized by Renaissance Development, Amstar Global and Jones Lang LaSalle at the Hilton Moscow Leningradskaya hotel.  
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Jones Lang LaSalle announces International Director promotions

Jones Lang LaSalle has announced their recent International Director promotions. Among 22 Jones Lang LaSalle global directors selected; John Duckworth, Managing Director of CEE based in Warsaw is amongst eight successful candidates in Europe, and the only candidate selected outside the UK.  
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The second edition of Build Green CEE

The second edition of Build Green CEE was organized this year in Budapest bringing together representatives of Green Building Councils and their member companies - developers, investors, providers of green solutions, academics and media representatives. The event highlighted the significant potential of building green in Central and Eastern Europe and was intended by the organizers to set the next steps for better collaboration among those stakeholders promoting a sustainable construction industry.  
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Grand opening of Galeria Victoria announced for October 16th

Keen Property Partners Retail (KPP Retail), the developer of Galeria Victoria entertainment and retail centre in Wałbrzych, has revealed the date of the grand opening of the shopping mall. The grand opening event of Galeria Victoria will take place on Saturday, 16 October 2010.  
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DTZ Ukraine participate in 4th Local Economic Development Forum in Georgia

Nataliya Mykolaychuk, head of the retail department in DTZ Ukraine, recently participated in the 4th Local Economic Development Forum in Tbilisi (Georgia), which was held in the Radisson Blu Iveria hotel.
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ProLogis extends lease agreements totalling more than 52,000 sqm in Chorzów

ProLogis has announced an extension of three lease agreements totalling more than 52,000 sqm of modern warehouse space at ProLogis Park Chorzów.  
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More books in Tulipan Park Strykow

Azymut has expanded its warehouse facility within Tulipan Park Strykow, the biggest Segro logistic park in Central Europe. 
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Puma becomes a new tenant in FORUM Gliwice

The official Puma store has joined the tenants of the FORUM Shopping Centre in Gliwice. The 98 sqm shop is located on the ground floor of the centre, next to the centre’s main entrance.
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ProLogis signs lease agreement for more than 31,000 sqm with Eurogate in the Czech Republic

ProLogis has announced that it has leased more than 31,000 sqm of warehouse space at ProLogis Park Pilsen-Stenovice to EUROGATE Warehousing & Distribution Czech, global logistics services provider specialised in supply chain solutions for the retail and electronics industry. 
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Echo launches Kasztanowa Aleja project

Echo Investment has resumed execution and sales of a modern residential estate called Kasztanowa Aleja in Poznań. 
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Yields decrease for prime assets in certain CEE markets

Central & Eastern European (CEE) commercial real estate investment totalled approximately €600 million in the first quarter (Q1) of 2010, a 140 percent increase on Q1 2009 turnover, according to the latest data from CB Richard Ellis (CBRE). This growth reflects the increased confidence and liquidity in the CEE property investment market, however institutional investor interest remains largely restricted to core markets and prime property.    
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WestImmo launches Junior Debt Programme, FreshStart

Westdeutsche ImmobilienBank AG (WestImmo) is expanding its product range to provide junior loans within the zone of historical senior debt metrics, typically at or around 75 percent LTV. It is not seeking to play in the mezzanine/preferred equity space. Most Western European countries will be considered and typical junior loan sizes will be in the order of €10-20 million with larger deals seeing the involvement of strategic partners.
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King Sturge concludes three office transactions in a month

King Sturge has announced the conclusion of three contracts in a month, for the leasing of office space in new buildings situated in downtown Bucharest. 
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New property management instruction for JLL in St. Petersburg

Jones Lang LaSalle has announced a new instruction for its Retail Property Management team. It will provide marketing management services to BRIZ Construction Company LLC, the owner of the GALERIA shopping and entertainment complex, which is currently being built in the central part of St. Petersburg.   
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April 27-28
NUCLEAR POWER POLAND 2010
Marriott Hotel, Warsaw, Poland
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April 28-29
European Conference
Prague, Czech Republic
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April 28-29
City Marketing & Development Congress (CMDC)
Expocentre, Moscow, Russia
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April 28
CEE Property Investment Conference
Le Meridien Bristol, Warsaw, Poland
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May 18-20
Real Vienna
Wien, Austria
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May 19-21
International Real Estate and Urban Planning Exhibition Urban Land 2010
Moscow, Russia
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May 27
EuropaProperty 5th Annual SEE Real Estate Awards Gala & Forum
SAS Radisson, Bucharest, Romania
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June 08-11
EIRE - EXPO ITALIA REAL ESTATE
Milan, Italy
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June 15-17
ISTANBUL REstate
Istanbul, Turkey
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June 21-23
REBEC
Belgrade, 2010
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September 14-15
GRI EUROPE SUMMIT 2010
Paris, France
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September 21
RUSSIA GRI 2010
Moscow, Russia
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September 27-29
CoreNet Global EMEA Summit
London, UK
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October 04-06
Expo Real
New Munich Trade Fair Centre, Germany
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November 10-12
MIPIM ASIA
Hong Kong, China
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November 17-19
MAPIC
Cannes, France
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November 23
New Europe GRI 2010
Prague, Czech Republic
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February 10
EuropaProperty 3rd annual CEE Retail Awards Gala & Forum
InterContinental - Warsaw, Poland
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