News

Residential

Marvipol introduces online contracts

schedule 02 April 2020
Opr./edited by AKL

POLAND Marvipol Development generated consolidated net sales revenues of almost PLN 291 mln in 2019, up from PLN 266 mln the previous year. The residential developer has also announced that it has enabled clients to sign reservation contracts for home purchases.

Investment & finance

Record revenues for CDRL

schedule 02 April 2020
Opr./edited by AKL

POLAND CDRL group, the owner of the Coccodrillo and Buslik clothing and accessories chains, generated record-high consolidated sales revenues of PLN 514.1 mln in 2019. This is an increase of almost 105 pct compared to the PLN 251.3 mln it earned a year earlier.

Investment & finance

Vestas buys Leroy Merlin hub for EUR 71 mln

schedule 01 April 2020
Nathan North
managing editor

POLAND Savills Investment Management has completed the EUR 71 mln purchase, on behalf of Korean institutional investors managed by Vestas Investment Management, of a 123,000 sqm BTS logistics building developed by Panattoni in Piątek, 40 km north of Łódź. The seller was Invesco Real Estate.

Infrastructure

Toruń closer to new bridge

schedule 01 April 2020
Opr./edited by TC

POLAND The roads authority in Toruń has chosen contractors for teh reconstruction and extension of the Piłsudski bridge and the construction of a temporary bridge in Toruń.

Residential

Develia moves home buyers online

schedule 01 April 2020
Opr./edited by TC

POLAND Wrocław-based Develia of is that the latest developer to introduced the option of online meetings with advisors for home-purchase enquiries as well as the remote signing of reservation contracts.

Office & mixed-use development

Oceanic offices in Mokotów

schedule 01 April 2020
Opr./edited by AZ

POLAND Beauty and health products company Oceanic is to occupy almost 440 sqm in building C of Marynarska Business Park on ul. Taśmowa in Warsaw’s Służewiec district.

Coronavirus

Pay no rent in Sukcesja

schedule 01 April 2020
Eurobuild CEE

POLAND The Sukcesja shopping centre owned by Fabryka Biznesu in Łódź has stopped collecting rents from its tenants.

Office & mixed-use development

Perceptyx comes to Carbon Tower

schedule 01 April 2020
Eurobuild CEE

POLAND Perceptyx, a US personnel surveying company, has leased space in the Carbon Tower on ul. Fabryczna.in Wroclaw, an office building developed by Cavatina Holding.

Retail & leisure

Saller starts Kutno project second stage

schedule 01 April 2020
Eurobuild CEE

POLAND Wrocław-based Saller Group has started development work on the second stage of a retail park in Kutno.

Property and Facility Management

CPI takes control of Eurocentrum

schedule 01 April 2020
Alex Hayes
journalist

POLAND CPI Property Group has taken over the property management of the Eurocentrum complex, which it purchased last November.

Warehouse & industrial

Panattoni leases out 35,000 sqm

schedule 01 April 2020
Alex Hayes
journalist

POLAND Panattoni has leased 35,000 sqm to an undisclosed retail tenant at Panattoni Park Gliwice III. The space is to be used from April as an online order fulfilment centre. With the signing of the lease the centre is now fully occupied.

Office & mixed-use development

CBRE in Unit

schedule 01 April 2020
Alex Hayes
journalist

POLAND CBRE has leased more than 4,000 sqm on three floors in the Warsaw Unit building under construction at Rondo Daszyńskiego. The building should be completed by early 2021

Investment & finance

Wing now holds two-thirds of Echo

schedule 31 March 2020
Opr./edited by TC

POLAND Hungarian real estate group Wing has successfully acquired another 10.04 pct stake in Echo Investment in the latest stage of its buyout the Polish developer.

Coronavirus

Government takes on board PRCH recommendations

schedule 31 March 2020
Opr./edited by AKL

POLAND The range of temporary trading restrictions in Polish retail buildings above 2,000 sqm imposed by the Ministry of Health has been clarified after consultations with the Polish Council of Shopping Centres [PRCH] and the Ministry of Development.

Coronavirus

Rent holiday for CCC and Ultro tenants

schedule 31 March 2020
Opr./edited by AKL

POLAND Dariusz Miłek, the president of footwear and accessories retailer CCC and Ultro Holding, the owner and manager of Cuprum Arena in Lubin and Korona in Kielce, has decided to cancel rent collections from tenants whose outlets have been forced to close during the Covid-19 emergency.

Warehouse & industrial

Besta better and bigger in Wrocław

schedule 31 March 2020
Opr./edited by AZ

POLAND Polish textile window shade producer Besta is expanding its production complex on ul. Strzegomska in Wroclaw with the construction of two new buildings with a combined area of 4,100 sqm.

Public buildings

Strabag to build Toruń Uni vet centre

schedule 31 March 2020
Opr./edited by TC

POLAND Nicolaus Copernicus University in Toruń has commissioned Strabag to construct a veterinary medicine centre.

Develia fears Covid-19 impact on business

schedule 31 March 2020
Opr./edited by AKL

POLAND Wrocław-based developer Develia (formerly LC Corp) has announced that the disruption caused by the pandemic could have a significant and potentially serious impact on the current operations of the company and its groups.

Warehouse & industrial

Hillwood goes into Częstochowa city

schedule 31 March 2020
Opr./edited by AKL

POLAND Hillwood plans to build a logistics centre within the boundaries of the city of Częstochowa.

Investment & finance

Good year for PHN

schedule 31 March 2020
Eurobuild CEE

POLAND Polski Holding Nieruchomości has announced that its consolidated net profit for 2019 increased by over 40 pct to PLN 69 mln while its rental income increased to PLN 171.9 mln from PLN 160 mln in 2018.

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