News

Investment & finance

POLAND AEW to sell Polish warehouse portfolio to Swiss

schedule 23 March 2020
Eurobuild CEE

Swiss Pillar Investments Europe has applied to the Polish competition authorities to buy five warehouse parks from AEW.

Construction

Mirbud to build near Ełk Karuzela

schedule 23 March 2020
Eurobuild CEE

POLAND Mirbud has received a letter of intent from Immo SI Polska (owned by Schiever International) to construct a Bi1 hypermarket and a petrol station for the the Karuzela project on ul. Przemysłowa in Ełk (around 100 km north of Białystok).

Investment & finance

MLP buys in Łódź

schedule 23 March 2020
Alex Hayes
journalist

POLAND MLP Group has purchased 20 ha at ul. Ofiar Terroryzmu 11 września in Łódź where it will construct MLP Łódź.

Retail & leisure

Inditex shuts up shop

schedule 23 March 2020
Alex Hayes
journalist

WORLD Inditex closed 3,785 stores in 39 markets on March 17th. Following official recommendation, all but 11 stores are open in China.

Office & mixed-use development

Katowice office space demand rises above supply

schedule 23 March 2020
Alex Hayes
journalist

POLAND Over 10,000 sqm of office space was delivered in Katowice over 2019. Gross take-up came to 82,300 sqm, up by 115 pct on 2018

Hotels

One million tourism jobs lost per day

schedule 23 March 2020
Alex Hayes
journalist

WORLD One million jobs are being lost every day in the travel and tourism sector due to the sweeping effect of the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC).

Unimpressive February for hotels

schedule 20 March 2020
Eurobuild CEE

EUROPE The hotel occupancy in European hotels fell in February by 1.8 pct to 63.6 pct, according to STR. Revenue per available room (RevPAR) decreased by 0.6 pct to EUR 64.68.

Unibail prepares for crisis

schedule 20 March 2020
Rafał Ostrowski
journalist

EUROPE International shopping centre investor Unibail-Rodamco-Westfield has informed that it is reducing its non-staff expenses, deferring non-essential capital expenditure and is to make use of any relevant facilities or arrangements provided by various national authorities to assist companies through the crisis.

GTC sees profits rise

schedule 20 March 2020
Eurobuild CEE

EUROPE GTC has recorded a EUR 73 mln profit before tax.

Investment & finance

PLN 212 bln rescue plan for Poland

schedule 20 March 2020
Rafał Ostrowski
journalist

POLAND The Polish government has announced an economic stimulus package of PLN 212 bln to assist businesses and their employees during the Covid-19 crisis.

Investment & finance

More profit for MLP

schedule 20 March 2020
Rafał Ostrowski
journalist

POLAND MLP Group has recorded a net profit of PLN 129.4 mln for 2019, up 40 pct year on year.

Retail & leisure

Apsys reveals which stores to stay open

schedule 20 March 2020
Opr./edited by AKL

POLAND Apsys Polska has revealed details of how the shopping centres managed by the company will be able to operate during the emergency restrictions imposed on retail and services die to the Covid-19 pandemic.

Retail & leisure

Media Markt shuts up shop

schedule 20 March 2020
Opr./edited by AKL

POLAND Electronic goods supermarket chain Media Markt has closed all its 88 stores in Poland until further notice.

Retail & leisure

LPP on the impact of coronavirus

schedule 20 March 2020
Opr./edited by AKL

EUROPE Polish clothing group LPP has issued a statement on the potential impact of the spread of the Covid-19 virus on its operations, financial results and prospects.

Centerscape buys Gocław retail building

schedule 20 March 2020
Opr./edited by AKL

POLAND Centerscape has purchased a retail property at the junction of ul. Bora-Komorowskiego and ul. Gen. Fieldorfa in Warsaw’s Gocław district.

Retail & leisure

Agata closes stores

schedule 19 March 2020
Opr./edited by AKL

POLAND The Agata furniture supermarket chain closed all its stores on March 14th, when emergency restrictions on retail and services were imposed due to the Covid-19 pandemic.

Construction

Nova Stoczniova topped off

schedule 19 March 2020
Opr./edited by AZ

POLAND The Nova Stoczniova estate in Wrocław’s Zakrzów district has reached its top construction height.

Retail & leisure

Ikea shuts down brick-and-mortar operations

schedule 19 March 2020
Opr./edited by AKL

POLAND All eleven Ikea stores in Poland were closed to customers on March 14th, when emergency restrictions on retail and services were imposed due to the Covid-19 pandemic.

Office & mixed-use development

Atenor to replace UBC I

schedule 19 March 2020
Alex Hayes
journalist

POLAND Atenor subsidiary, Haverhill Investment, has applied for a permit to demolish University Business Center building 1 (UBC I), which is to be replaced by the development of a modern 24,000 sqm office block.

Human resources

Oliver Schumy steps down

schedule 19 March 2020
Eurobuild CEE

EUROPE Oliver Schumy, the CEO of Immofinanz, is stepping down from the management board.

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