News

Residential

Living on the runway

schedule 18 March 2019

POLAND Budimex Nieruchomości is starting the construction of the Zaspa VVita estate on the runway of the former Gdańsk-Wrzeszcz airfield.

Investment & finance

Wojas steps into Bartek’s shoes

schedule 18 March 2019
Opr./edited by AZ

POLAND A majority stake in children’s footwear producer Bartek has been bought by another Polish footwear brand, Wojas.

Retail & leisure

Atut to open in Wieliczka

schedule 18 March 2019
Opr./edited by AC

POLAND An Atut shopping centre is to be developed on ul. Krakowska in Wieliczka (Małopolska) by KG Group, which currently operates four centres under this brand and has others under preparation. The building will have 18,000 sqm of retail space and 30 units.

Investment & finance

MLP doubles profits

schedule 18 March 2019
Rafał Ostrowski
journalist

POLAND Warehouse developer MLP Group has recorded a net profit of PLN 92.4 mln for 2018, up 95 pct on 2017.

Investment & finance

Investment in Europe to stay sky high

schedule 18 March 2019
Rafał Ostrowski
journalist

EUROPE European commercial real estate investment volumes are forecast to reach EUR 230 bln by the end of the year, according to the latest research by Savills.

Record results reported by Inditex

schedule 15 March 2019

WORLD Net sales at Inditex rose 3 pct last year to top EUR 26 bln. Revenue from online sales increased by 27 pct to EUR 3.2 bln with online net profit rose by 2 pct to EUR 3.44 bln.

Investment & finance

Echo investors consider their options

schedule 15 March 2019
Eurobuild CEE

POLAND Echo Investment has announced that its largest shareholders, Lisala and Echo Partners (both subsidiaries of Griffin Real Estate, Oaktree and Pimco), are re-considering their interest in the listed development company.

Hotels

First hotel from Budnex

schedule 15 March 2019
Opr./edited by TC

POLAND Gorzów Wielkopolski-based Budnex has completed the development of its first hotel: the three-star Bulvar, which has been built close to Gorzów cathedral. Bulvar, which will start welcoming guests this March, is situated among nineteenth-century townhouses along ul. Łużycka.

Technology

SafeSize ready for global expansion

schedule 15 March 2019
Opr./edited by AZ

EUROPE Netherlands-based SafeSize, a leading technology provider for analysing and optimising footwear fitting, has raised USD 10 mln for the further development of its systems.

Rutkowski enters the TriCity

schedule 15 March 2019
Eurobuild CEE

POLAND Rutkowski Development from Ełk has been granted a building permit for its first project in the TriCity and is to construct the Voda residential buildings, which will be constructed on ul. Wegrzyna in Gdańsk-Jasień.

Retail & leisure

Piotr and Paweł to fight for the customer

schedule 15 March 2019

POLAND The Piotr i Paweł delicatessen supermarket has completed the first stage of its restructuring, with the closure and sales of a number of unprofitable outlets.

Retail & leisure

Fabiana Filippi enters Poland

schedule 15 March 2019
Eurobuild CEE

POLAND Fabiana Filippi is to open its first boutique in Poland in the Ethos building at Plac Trzech Krzyży in Warsaw.

Office & mixed-use development

Fabryczna City soon to be opened

schedule 15 March 2019
Anna Pakulniewicz

POLAND The first building in the Fabryczna City mixed-use complex is to be opened in April in Kraków.

Technology

Mago puts shelves in shops

schedule 15 March 2019
Agnieszka Zielińska

POLAND Polish technology company Mago has created the Mago AR Shopfitting app which allows shopkeepers to view new shelves and other fittings in their store using augmented reality before ordering them.

Warehouse & industrial

Hillwood to open in April

schedule 15 March 2019
Rafał Ostrowski
journalist

POLAND The Hilwood Kutno logistics centre is to be completed in April this year.

Investment & finance

Palác Špork changes hands

schedule 15 March 2019
Rafał Ostrowski
journalist

CZECH REPUBLIC Generali Real Estate has acquired Palác Špork, a Baroque palace on Hybernská in the centre of Prague, from Sebre for an undisclosed price.

Hotels

Balthazar opens in Kraków

schedule 14 March 2019
Eurobuild CEE

POLAND The five-star Balthazar Design Hotel, owned by Food & Friends, has been opened in Kraków in a building at ul. Grodzka 63, which was built in the 1870s to a design by Teofil Żebrawski.

Office & mixed-use development

Warsaw among Europe’s tallest capitals

schedule 14 March 2019
Rafał Ostrowski
journalist

POLAND Currently eleven high-rise office buildings of more than 100m are under construction or in advanced preparations in Warsaw, claims real estate consultancy Cresa.

Profits up for Jerónimo

schedule 14 March 2019
Agnieszka Zielińska

POLAND/PORTUGAL/COLUMBIA Jerónimo Martins is planning to open around 60 new Biedronka stores this year.

One bid to build it all

schedule 14 March 2019
Agnieszka Zielińska

POLAND Rafako has placed the only bid in the tender to construct the Memory and Identity Museum [Muzeum Pamięć i Tożsamość] in Toruń under a design and build contract.

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