News

Eurobuild CEE

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.

Budimex: president sums up

Anna Pakulniewicz

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.

Construction giants with record revenues, Polish companies out of the race

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.

Extra PLN 20 mln bonds for Polnord

Eurobuild CEE

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.

Retail & leisure

New playground in Auchan Gdańsk

Eurobuild CEE

POLAND A Kinderplaneta playground has been opened in the Auchan Gdańsk shopping centre, covering an area of 400 sqm.

Construction

Napollo hits the spot

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.

Warehouse & industrial

Prologis stepping up leasing activity in CEE

Adam Zdrodowski

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.

Bank of Russia vacates up to 100,000 sqm in Moscow

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.

Immofinanz to leave Russian market

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.

Retail & leisure

GTC trumpets growing Galeria Północna occupancy rate

Adam Zdrodowski

POLAND The under-construction Galeria Północna shopping centre in Warsaw is already almost 70 pct leased out.

More tourists using Polish hotels

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.

7R Logistic obtains funds from bonds

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.

More cigarettes from Augustów

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.

Polnord gaining millions thanks to bonds

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.

Warehouse & industrial

Auto Partner takes extra 19,000 sqm from MLP

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.

Residential

Launch of Mennica Residence

POLAND Mennica Polska (the Polish Mint) has officially launched the construction of the first stage of the Mennica Residence – a residential project in Warsaw’s Wola district.

Marvipol sets up land bank in the capital city

POLAND Marvipol, a WSE-listed residential developer, concluded a preliminary contract with Veolia Energia Warszawa concerning the purchase of a property on ul. Lizbońska in Warsaw’s Saska Kępa district and has also acquired a plot on ul. Topiel in Powiśle.

Dom Development acquires plots worth PLN 133.5 mln from Qualia

POLAND Dom Development has purchased 100 pct of the shares in Fort Mokotów Inwestycje from Qualia Development for PLN 133.5 mln.

Warehouse & industrial

BIK to start third stage of Śląskie Centrum Logistyczne

POLAND Biuro Inwestycji Kapitałowych (BIK) has obtained a building permit for the third stage of Śląskie Centrum Logistyczne in Sosnowiec.

Lokum makes a purchase in Kraków