News

POLAND Electronics distributor Apollo Electronics is looking to sell a plot of land ul. Municypalna in Warsaw, which has a building permit and an architectural design

Skanska to restore Leżajsk monastery

POLAND Skanska is to renovate the façade and the eastern wing of the Bernadine basilica and monastery in Leżajsk as well as to restore its defensive walls.

Construction of Browar Lubicz begins

POLAND The cornerstone for the mixed-use Browar Lubicz complex in Kraków has been laid.

EM&F to open 30 stores before year-end

POLAND EM&F group has recorded a revenue of PLN 759 mln for Q3, constituting a 9-pct y-o-y rise.

Wilo to build Polish HQ

POLAND PM Group has been commissioned by Wilo, one of the largest manufacturers of pumps and pumping systems, to design and develop the company’s Polish HQ.

Vantage Development also to invest outside Wrocław

POLAND During the first three quarters of 2012 Vantage Development sold 63 apartments and four service premises, generating a profit of nearly PLN 4.5 mln.

Polimex-Mostostal sells Łódź factory

POLAND Polimex-Mostostal is to sell the ZREW transformer factory in Łódź to American private equity fund Highlander Partners for PLN 46.7 mln.

Rank Progress plans to start four new projects in 2013

POLAND Rank Progress has recorded a net profit of over PLN 36 mln for Q3 2012. At the end of the period the company’s total debt was down by 2 pct y-o-y and came to 47.7 pct, while the company’s short-term liabilities dropped by 66 pct from PLN 111.8 mln to PLN 38 mln.

Bristol in prestigious circle

POLAND The Bristol Hotel on Krakowskie Przedmieście in Warsaw, which belongs to Starman Poland, is to join the Luxury Collection, one of the most prestigious hotel groups in the world.

Three new tenants for Maximus Fashion Center

POLAND The Maximus Fashion Center mall near Warsaw has signed up three new tenants including Biedronka, Gravitan Health&Sport Academy and a Lotos Optima petrol station.

Ploiești Shopping City opens

ROMANIA Carrefour and NEPI have opened the Ploiești Shopping City shopping centre in Ploiești in an investment of EUR 65 mln.

Sweet deal for O1 and Tactics

Properties has sold 50 pct plus one share of JSC Bolshevik to Russian developer Tactics Group. JSC Bolshevik owns the 5.4 ha site of the former Bolshevik confectionery factory on Leningradksy Prospekt in Moscow.

New tenant for Ambassador

POLAND CBRE Corporate Outsourcing has leased 2,200 sqm in the Ambassador office building in Warsaw.

Andersia Business Center completed

POLAND The Andersia Business Centre (ABC), a joint venture between Von der Heyden Group and the City of Poznań has been completed on schedule.

Silesia City Center goes through to ICSC final

POLAND Silesia City Center in Katowice has been nominated as a finalist in the International Council of Shopping Centers’ 2013 European Shopping Center Awards for best refurbishment and/or expansion.

Airport hotel nears completion

POLAND The Renaissance hotel, which is being built at Chopin Airport in Warsaw, has been topped out.

J.W. Construction plans next projects

POLAND J.W. Construction generated revenues of PLN 211.4 mln in the first three quarters of the year, as well as an operating profit of PLN 41.5 mln and a net profit of PLN 2.5 mln.

Profits up for Inpro

POLAND TriCity-based developer Inpro generated app. PLN 66 mln in consolidated revenue from January until the end of September, representing a 22 pct y-o-y rise.

Erbud posts Q3 results

POLAND In Q3 Grupa Erbud experienced a 15 pct y-o-y decline in revenue to PLN 262.4 mln.

Robyg sees massive growth