POLAND The final stretch of the A4 motorway from Rzeszów to Jarosław, which was constructed by a consortium of Budimex and Strabag, is now complete. The official opening of the Rzeszów East – Jarosław section of the A4 motorway took place on July 20th. The A4 motorway is part of the route stretching from Western Europe to Ukraine.
POLAND Media Expert is to become one of the tenants of Focus Mall Bydgoszcz.
POLAND Dekpol is to carry out a new residential project in TriCity. The Na Fali estate will be built in Gdynia’s Pogórze district, near the Mechelinki and Rewa beaches, right next to the limits of Kosakowo. It is Dekpol’s first development in Gdynia.
POLAND The modernisation of the reception foyer in the Saski Point building, which is part of CA Immo’s portfolio, has taken two months.
CZECH REPUBLIC Czech internet company HyperMedia has leased 2,550 sqm of warehouse and office space in the Tescoma commercial area in Nupaky by the D1 motorway.
POLAND Skanska is planning to make 1,150 people redundant in Poland. Piotr Janiszewski, president of the board at Skanska, assures us that the current situation has no impact on other companies from the group.
POLAND Budimex group sales in H1 2016 amounted to PLN 2.4 bln and were over PLN 160 mln higher compared to the same period last year. Its net profit increased by 6 pct and totalled PLN 146.5 mln. The construction sector was the driving force of the growth. It increased by 9.4 pct y-o-y.
EUROPE According to a report from Deloitte entitled ‘European Powers of Construction 2015’, the market capitalisation of the fifty largest construction companies in Europe increased by as much as 21 pct and their total sales in 2015 increased by 5 pct y-o-y. These are the best results since 2007.
POLAND In accordance with the announcement from two days ago, Polnord has today issued unsecured MB2-series bonds for a total amount of PLN 20 mln.
POLAND A Kinderplaneta playground has been opened in the Auchan Gdańsk shopping centre, covering an area of 400 sqm.
POLAND The Nowy Punkt 2 estate in Warsaw’s Targówek district is to be built by Przedsiębiorstwo Budowlane Besta of Rzeszów. Napollo has settled a tender procedure to determine the general contractor for the project. The work is to start this summer and finish in autumn next year.
CEE REGION Prologis leased over 400,000 sqm in the region in the second quarter of 2016, which represented a 7 pct increase over the same period last year.
RUSSIA A mass recall of bank licenses by Bank of Russia has led to the closure of 517 bank branches between January 1st 2015 and June 1st 2016.
RUSSIA Immofinanz is about to sell its EUR 1.1 bln portfolio of shopping centres in Moscow. “Since the Russian properties have distinct market characteristics and a different risk profile than the remainder of the portfolio, Immofinanz plans either to sell or spin off the Moscow shopping centres,” the company stated in its recent 2015/2016 annual report.
POLAND The under-construction Galeria Północna shopping centre in Warsaw is already almost 70 pct leased out.
POLAND According to a report prepared by Christie & Co, the number of tourists using hotels in Poland increased by 86 pct from 2006 until 2015.
POLAND Upper Finance has raised PLN 5 mln through the issue of three-year bearer bonds for a company from the 7R Logistic capital group. This is the third issue from which 7R Logistic has acquired funds. The money will make it possible to expand the Kraków-Kokotów logistics park that was launched in December 2015.
POLAND A cigarette factory in Augustów is set to become one of the largest manufacturing plants of British American Tobacco (BAT) in the world. The BAT factory is to be extended because some of its production is being moved from Germany to Poland (following the closure of its plant in Bayreuth). The extended factory in Augustów will offer more than 200 extra jobs.
POLAND Polnord has issued unsecured O-series bonds as part of a private issue. They are worth PLN 20 mln and were all taken up by two financial institutions.
POLAND Auto Partner, an importer and distributor of car components, is to extend the warehouse and office area the company occupies in two warehouse parks, MLP Bieruń and MLP Pruszków II, by nearly 19,000 sqm.
The 11th Architectural Awards of the Mayor of Warsaw [11. edycji Nagrody Architektonicznej Prezydenta m.st. Warszawy] were held on June 3rd, at Teatr ...
According to a report by research company Spectis “Construction companies in Poland 2025-2030”, the total revenues of the 300 leading construction gro ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
LightOn – the latest office project being developed by CPI Property Group at ul. Prosta 69 in central Warsaw – has been awarded BREEAM design stage ce ...
Who won this year's 14th edition of the Eurobuild Awards? The jury and guests gathered at the Double Tree by Hilton hotel in Warsaw chose this year's ...
Enjoy the last set of recordings with comments straight from this year's MIPIM. This time, we asked experts from our home country for their input.
The latest issue of Eurobuild is now out – and, as always, it’s packed with timely analysis, expert forecasts, industry commentary... and a good dose ...
Logicor has raised over PLN 40,000 in the 4th Race'n'Raise charity cycle race to support the EFC Foundation's Horizons Scholarship Program.
We’ve asked Susanna Graziano, the business development manager of ASK4, who is actively engaged in the evolving Polish PBSA and flex-living markets, t ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
The hotel market in Bucharest continued its recovery in 2024, in terms of RevPAR and occupancy rate, while the ADR has finally surpassed the milestone ...
Five new members are joining JLL's management board, and will take on their new roles from the beginning of July.
The Polish and Danish governments have entered preliminary discussions for the construction of a tunnel between Szczecin and Copenhagen underneath the ...
JLL has completed the modernisation of its offices in the Warsaw Spire building. The theme behind the design was ‘ReThink. ReUse. ReSpire’, emphasisin ...
Echo Investment has been granted over EUR 27 mln to develop its Swobodna Spot project in Wrocław by PKO Bank Polski. The funds include a construction ...
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Croda Poland, a company that supplies specialist chemicals for the production of medicines, cosmetics and household chemicals will lease over 510 sqm ...
Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district. The property is owned by Stena Real Estate ...
The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculti ...
Speedwell has been granted a loan of PLN 100 mln by BNP Paribas Bank Polska to develop its Milestone Warszawa Mokotów project. This will be the first ...
The largest retail park in Upper Silesia is to be built in Żory on a 6 ha brownfield site of a former brickyard.
Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both re ...
WPIP Construction has signed a contract with CTP to construct two buildings and extend industrial facilities in Opole and Zabrze. The contract also in ...