News

POLAND In the middle part of this year, Warimpex Finanz-und Beteiligungs is to enter the tender process for the purchase of a historic building at ul. Próżna 14 in Warsaw, opposite its recently completed Le Palais office project on the same street.

Warsaw attractive to investors

18 March 2013

POLAND Warsaw is one of the five most attractive investment locations for 2013, according to the ‘Real Estate Investor Intention Survey’ conducted by CBRE.

Gino Rossi reveals 2013 plans

POLAND Gino Rossi has published its financial forecast for 2013. The company predicts that its consolidated sales revenue will amount to PLN 228.6 mln and its consolidated EBITDA will come to PLN 14.1 mln.

Local authorities take over next health resorts

POLAND The Polish government has handed control of the Uzdrowisko Busko-Zdrój health resort over to the Świętokrzyskie provincial authorities, which have undertaken to continue the operations of the company.

Two LPP brands in Galeria Jastrzębie

POLAND Two brands owned by LPP and LPP Tex are to open stores in the Galeria Jastrzębie shopping centre in Jastrzębie-Zdrój.

AEW raises more money

EUROPE AEW Europe raised EUR 1.8 bln in capital in 2012 for its fund strategies, separate institutional mandates and club deals, representing a 13 pct increase on the previous year.

Building permit for Sudecka

POLAND Echo Investment has been granted a building permit for the Galeria Sudecka shopping centre in Jelenia Góra.

Vacations in Mokotów

POLAND Wezyr Holidays has signed a five-year lease with Adgar Postępu for over 1,086 sqm of office space in building ‘B’ of Adgar Plaza.

PHN publishes prospectus

POLAND Polski Holding Nieruchomości has published its prospectus for its forthcoming IPO.The government is to offer 10,846,000 shares representing 25 pct in the company for a maximum price of PLN 26 per share.

Cosmopolitan topped out

POLAND The topping out ceremony has taken place for the Cosmopolitan 2/4 Twarda building in central Warsaw. The shell-stage of the 160m, 44-storey residential tower has been completed 20 months after the start of construction work by general contractor Hochtief.

Work begins on Galeria Dzierżoniów

POLAND Construction work has begun on the Galeria Dzierżoniów shopping centre In Dzierżoniów.

CEPD comes to Eurocentrum Office Complex

POLAND CEPD Management, a subsidiary of Grupa Kapitałowa Pelion, has leased more than 1,120 sqm of office space in the Beta building of the Eurocentrum Office Complex from Grupa Capital Park.

Porr Polska to extend Ogrody

POLAND Porr Polska has been appointed general contractor of the first stage of the extension of the Ogrody shopping centre in Elbląg.

PHN prospectus approved

POLAND On January 23rd, Polski Holding Nieruchomości (PHN) will publish its prospectus, which has now been approved by the Polish Financial Supervision Authority (KNF).

Triumph comes to Wilanów

POLAND Underwear manufacturer Triumph International Polska has signed a seven-year lease for 1,300 sqm in the ‘B3’ building of Wilanów Office Park in Warsaw.

Dekretowiec demands property restoration

POLAND The Warsaw Property Rights Association, Dekretowiec, has submitted a draft amendment to the Property Management Act, which would allow for the return in kind (without financial compensation) of property confiscated by the city of Warsaw under the so-called Bierut decree of 1945.

OST Gromada restructures

POLAND Ogólnokrajowa Spółdzielnia Turystyczna Gromada is to restructure by selling its unprofitable hotels and properties and by liquidating or spinning off its subsidiaries.

Maximus buildings under the hammer