News

Mirbud wins two new contracts

schedule 03 July 2014
Aneta Cichla

POLAND Mirbud, the Polish construction company, will carry out two new projects worth a gross total of PLN 50 mln.

Investment & finance

Wilanów development gets EUR 61 mln funding

schedule 03 July 2014
Aneta Cichla

POLAND Capital Park, the investor of the Royal Wilanów office project, located at the junction of ul. Klimczaka and ul. Przyczółkowa in Warsaw, has got a loan from PKO BP to further develop the project. “We have reached the required level of commercialization of the facility, and met the requirements over our deposit, which has paved the way for us to get the first tranche of funding. The total amount of the loan granted by PKO Bank Polski amounts to EUR 61.1 mln,” informed Michał Majewski, treasury manager of Capital Park.

Investment & finance

Sołowow selling off Echo Investment?

schedule 03 July 2014
Ewa Andrzejewska

POLAND Michał Sołowow, the founder and biggest shareholder in Echo Investment, has put his nearly 46 pct stake in the Kielce-based company up for sale. The shares were offered for sale by London branch of Citi. Neither Echo Investment nor Sołowow himself have commented on the news. While Sołowow didn’t find time to answer our questions for over a week, we have confirmed with three independent market sources that the offering is now on.

Investment & finance

Octava buys office buildings, Arka for liquidation

schedule 03 July 2014
Tomasz Szpyt-Grzegórski

POLAND Octava Fizan, the Polish non-public assets closed investment fund, has finalized the purchase of six office buildings from Arka BZ WBK, the real estate closed investment fund that is set to be liquidated. The office buildings which changed their owner include: FDS Plaza and Light House in Warsaw, Quattro Forum in Wrocław, Winogrady Business Center in Poznań, Red Tower in Łódź and Alfa Plaza in Tricity. Their total leasable area amounts to app. 48,300 sqm.

Office & mixed-use development

Focus office complex now green-certified

schedule 03 July 2014
Agata Kłapeć

POLAND Focus, an office building located in Warsaw, has been given a “very good” rating in BREEAM In-Use certification, the sustainability assessment scheme for buildings across Europe that promotes best practices in construction and operations.

Residential

Dolcan to build in Częstochowa

schedule 30 June 2014
Aneta Cichla

POLAND A new residential project by Dolcan is to be built on ul. Pułaskiego in Częstochowa. Osiedle Jordanowskie will be constructed out in three stages in which 276 apartments will be built.

Stacja Kazimierz to be launched in summer

schedule 30 June 2014
Aneta Cichla

POLAND Grupa Waryński and Polnord has started construction work on the Stacja Kazimierz estate in Warsaw. The first stage of the project will include 179 apartments, five retail/service units and 183 parking spaces.

Nexity in Bemowo again

schedule 30 June 2014
Aneta Cichla

POLAND French developer Nexity is to build the My Bemowo residential project on ul. Batalionów Chłopskich in Warsaw’s Bemowo district.

Warsaw’s most promising retail locations identified

schedule 02 July 2014
Agata Kłapeć

POLAND: The districts of Wawer, Ursynów and Wola, together with Białołęka and Wilanów, are now considered the most attractive locations in Warsaw for setting up the new retail sites, according to a joint research by JLL, GfK Polonia and REAS.

Construction

Topping-out ceremony for Gdynia Waterfront hotel

schedule 02 July 2014
Agata Kłapeć

POLAND The hotel building that is being developed within the Gdynia Waterfront project has seen the topping-out ceremony. The Courtyard by Marriott Hotel facility, which will be operated by Scandinavian Hospitality Management, is set to house 201 rooms and a conference center.

Capital Park plans PLN 200 mln buying spree

schedule 30 June 2014
Tomasz Szpyt-Grzegórski

POLAND Capital Park generated PLN 3.2 mln in net profit in the first quarter – app. PLN 9 mln lower than the figure last year. The group is continuing its acquisition policy and is planning purchases worth as much as PLN 200 mln this year.

Ghelamco finds buyer for three office buildings

schedule 30 June 2014
Tomasz Szpyt-Grzegórski

POLAND American fund SOF-IX International Holdings, which is owned by Starwood Capital Group, is to buy three office buildings developed by Ghelamco. The properties changing hands are Katowice Business Point and two office complexes in Warsaw – Łopuszańska Business Park and T-Mobile Office Park on ul. Marynarska.

Investment & finance

Warimpex disposes of another luxury hotel in Prague

schedule 02 July 2014
Agata Kłapeć

CZECH REPUBLIC Vienna-headquartered property developer Warimpex has sold its last five-star hotel in Prague, the Savoy Hotel, to a private investor, as the company completes the withdrawal from the city’s declining luxury hotel market.

From Babka Tower to Platinium Business Park

schedule 26 June 2014

POLAND Advertising group Publicis is to move from its current offices in the Babka Tower building in Warsaw’s Żoliborz district to 1,100 sqm of offices in the Platinium Business Park complex on ul. Domaniewska in Mokotów district.

Retail & leisure

Poznań Panorama embraces modernity

schedule 26 June 2014
Tomasz Szpyt-Grzegórski

POLAND Panorama, one of the first shopping centre in Poznań, is to undergo modernisation work.

Retail & leisure

TK Maxx comes to Magnolia

schedule 26 June 2014
Tomasz Szpyt-Grzegórski

POLAND A TK Maxx store is to open in the Magnolia Park shopping centre in Wrocław.

PKP seeking investors for small stations

schedule 26 June 2014
Nathan North
deputy editor

POLAND Polish State Railways (PKP) is looking for parties willing to participate in a pilot programme for small development projects.

Office & mixed-use development

AIG/Lincoln starts two office buildings in The Park Warsaw

schedule 26 June 2014
Ewa Andrzejewska

POLAND AIG/Lincoln Polska has started the construction of the third (11,900 sqm) and the fourth (11,400 sqm) building in The Park Warsaw complex in Warsaw.

Investment & finance

Polish developer to buy Browary Warszawskie?

schedule 26 June 2014
Tomasz Szpyt-Grzegórski

POLAND One of the most interesting and largest investment plots in Warsaw’s Wola district will most probably soon be changing hands.

Green projects

North Gate and Atrium City awarded BREEAM In-Use

schedule 26 June 2014
Nathan North
deputy editor

POLAND The North Gate and Atrium City office buildings in central Warsaw, which are both owned by Deka Immobilien, have received BREEAM In-Use certificates.

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