News

GTC sorting out Tarchomin traffic

POLAND GTC, the developer of Galeria Północna in Białołęka, is starting the redevelopment of the existing traffic layout around the newly-built shopping centre.

Construction

Contractor for City Link third stage

POLAND Karmar has been chosen as the general contractor of the third stage of the City Link estate in Warsaw’s Wola district.

Reprivatisation act signed off

POLAND Polish president Andrzej Duda has signed the small reprivatisation act, which regulates issues related to properties confiscated under the post-war Bierut decree.

Investment & finance

Immofinanz refinances Nimbus in Warsaw

Investment & finance

Echo borrows money for Nobilis

POLAND Echo Investment has concluded a loan agreement with Mbank concerning the financing of the final stage of the Nobilis Business House office project in Wrocław.

Retail & leisure

Two new Inbags on their way

Retail & leisure

Immofinanz to build Stop.Shop in Gdynia

Office & mixed-use development

A more crowded Park

POLAND Asstra Polska, the Polish branch of international logistics company Asstra Forwarding, is moving its headquarters to The Park Warsaw, an office complex located on ul. Krakowiaków in the capital city.

Property and Facility Management

Knight Frank takes Pegaz under its wing

POLAND UBM has chosen Knight Frank to manage its Pegaz office complex in Wrocław.

Warehouse & industrial

Goodman secures new Bratislava tenant

Hotels

Hampton by Hilton for Gdańsk-Oliwa

POLAND Hilton Worldwide has revealed plans to open a Hampton by Hilton in Gdańsk

Office & mixed-use development

Echo building in Wrocław again

POLAND Echo Investment is starting the construction of the West Link office building on ul. Na Ostatnim Groszu in Wrocław.

Warehouse & industrial

Law putting upward pressure on industrial site prices

POLAND New regulations for the purchase of plots are making life harder for warehouse developers, according to a report by JLL.

JHM waits for better results in H2

POLAND JHM Development generated sales revenue of PLN 11.2 mln and a net result of PLN 345,000 in H1 this year, according to preliminary financial results published by the company.

Eurobuild Gala making dreams come true

Retail & leisure

New Ikea Retail president has ambitious plans

POLAND Ikea Retail’s current growth strategy for the Polish market envisages a more than fivefold increase in turnover by 2035, from current levels of app. PLN 3 bln to PLN 16 bln.

Retail & leisure

Dekada Sieradz holding onto tenants

POLAND The recommercialisation process for Dekada Sieradz is now underway, with more contracts being extended five years from the opening of the shopping centre.

Warehouse & industrial

Tea time near Kraków

POLAND Teekanne Polska will open a new manufacturing facility at the 7R Logistic Kraków-Kokotów logistics park in southern Poland.

Investment & finance

Rockcastle embarks on Polish spending spree

POLAND South African investment fund Rockcastle has signed preliminary agreements for the acquisition of three shopping centres in Poland – Bonarka City Center in Kraków, Focus Park in Zielona Góra and Focus Mall in Piotrków Trybunalski – for a total of EUR 522 mln.

Office & mixed-use development

New tenants for Maraton in Poznań

POLAND CenturyLink and Rehau are to move to the Maraton building in Poznań in the next few months, having respectively leased over 960 sqm and 700 sqm of office space.