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2020-04-02  11:39
CIJ Serbia

Henkel closes Serbian factory over safety...

Henkel will close its plant in Krusevac, Serbia for a period of two weeks in order to protect the health and safety of its employees. While all production facilities will shut down, the company's logistics operation will continue to at reduced capacity in order to ensure that the public continues to receive needed products. Henkel's plant in Krusevac will continue to abide b...
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2020-04-02  10:42
Company News

Segro scales back April 21 AGM

Segro has announced that stay at home measures have made it impossible to have its company's shareholders attend its AGM scheduled for April 21 in person. The company wrote that it would arrange so that the legal requirements to hold the meeting could be satisfied for a meeting which would be functional only, with only formal votes and now business update. It asked shareholders t...
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2020-04-02  09:16
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Company News

LEG Immobilien postpones annual shareholder...

LEG Immobilien has postponed its annual shareholders meeting originally scheduled for May 20 to an as-yet undetermined time. At the the moment, the housing provider is investigating whether it can hold such a meeting online. One real-life consequence of the delay is that no dividend can be approved for payment, meaning that its distribution will also be delayed. The management and sup...
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2020-04-02  09:13
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Company News

Retail chain leases 35,000 sqm at Panattoni...

A retail chain has leased 35,000 sqm at Panattoni Park Gliwice III. The tenant, whose name was not disclosed, will move into the park before the end of April. The distribution center is now fully leased. Panattoni Park Gliwice III is located in northwestern Upper Silesia and offers 168,500 sqm. Since starting its European operations, Panattoni has delivered 9.6 million sqm of space....
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2020-04-02  09:12

Polish government tightens public...

The Polish government has introduced further restrictions on trade and movement in connection with the spread of COVID-19. People have to keep a two-meter distance from each other while in public, including family members with the exception of small kids and disabled persons. The number of customers at stores will be limited to three per cash register. Each customer will have to put...
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2020-04-02  09:11
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Company News

CPI Property Group to manage Eurocentrum in...

CPI Property Group took over the management of Eurocentrum in Warsaw. The office complex offers 85,100 sqm of leasable space, including 3,500 sqm of retail, service and catering space, in three buildings. The property, which is almost fully leased, also features a modern conference center, which can accommodate 200 people. Tenants include Unilever, COTY, Group One, Randstadt, SAGE, ...
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2020-04-02  09:09
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Walter Herz strengthens Kraków, Wrocław teams

Emilia Kalińska has been appointed senior negotiator and regional coordinator at Walter Herz in Kraków, while Martyna Markiewicz was promoted to senior negotiator and regional coordinator in Wrocław. Kalińska will be responsible for managing Walter Herz’s Kraków branch, supervising the work of advisers specializing in leasing office space and tenant representation. She will also man...
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2020-04-02  08:59
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Government approves 3-month rent deferral...

The Czech government has approved a plan to allow businesses hurt by the coronavirus crisis to defer rental payments for three months. They're to be given up to two years to pay it back under the current plan, which could extend the deferral to six months. The Minister of Industry and Trade Karel Havlíček says the deferrals are to be used primarily by companies in the retail and ...
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2020-04-02  08:58
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Company News

CPI rental income up to €294m 2019

CPI Property Group released its finalized results for 2019 which confirmed that the value of its portfolio increased by €1.6bn to €9.1bn in 2019 thanks to a series of acquisitions of office buildings in Warsaw. The figure was also bolstered the rising value of its existing assets. The value of its CPI's overall assets rose €2.4bn to €10.7bn as a result of additional activities on...
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2020-04-02  08:57
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Company News

Škoda Auto and Hyundai extend Czech plant...

Automobile plants in the Czech Republic are pushing back their opening times by another week. Hyundai had already pushed back its downtime from April 6 until April 14, but this has now been extended by yet another week. The company's employees have been getting paid 70 percent of their wages for sitting at home since March 23. Škoda Auto has also extended the closure of its three...
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