POLAND Bałtyk, an office and retail building in Poznań, will be mainly funded by the Polish Investments Programme, coordinated by Bank Gospodarstwa Krajowego (BGK). A portion of the funding will also come from a European initiative supporting urban development, Jessica.
POLAND The Polish-Israeli developer Okam is interested in purchasing a 4.3-h plot of land in Warsaw district of Praga. Located on ul. Szwedzka, the parcel has formerly housed Pollena Uroda’s manufacturing facilities. It could now accommodate nearly 1,000 apartments and some office space.
CEE REGION The US real estate giant Blackstone has acquired six logistics and distribution parks, located across Poland and the Czech Republic, from Pramerica Real Estate Investors. Meanwhile, Blackstone's logistics platform, Logicor, has bought a portfolio of European logistics facilities, including a Hungarian warehouse.
POLAND In order to better concentrate on residential construction, the Lublin-based developer Wikana, has sold its commercial property in Krasnobród for PLN 4.2 mln. The mini-mall housed a Biedronka store and a few smaller retailers. The new owner is a private person, specialized in running retail facilities.
POLAND Mirbud, the Polish construction company, will carry out two new projects worth a gross total of PLN 50 mln.
POLAND Capital Park, the investor of the Royal Wilanów office project, located at the junction of ul. Klimczaka and ul. Przyczółkowa in Warsaw, has got a loan from PKO BP to further develop the project. “We have reached the required level of commercialization of the facility, and met the requirements over our deposit, which has paved the way for us to get the first tranche of funding. The total amount of the loan granted by PKO Bank Polski amounts to EUR 61.1 mln,” informed Michał Majewski, treasury manager of Capital Park.
POLAND Michał Sołowow, the founder and biggest shareholder in Echo Investment, has put his nearly 46 pct stake in the Kielce-based company up for sale. The shares were offered for sale by London branch of Citi. Neither Echo Investment nor Sołowow himself have commented on the news. While Sołowow didn’t find time to answer our questions for over a week, we have confirmed with three independent market sources that the offering is now on.
POLAND Octava Fizan, the Polish non-public assets closed investment fund, has finalized the purchase of six office buildings from Arka BZ WBK, the real estate closed investment fund that is set to be liquidated. The office buildings which changed their owner include: FDS Plaza and Light House in Warsaw, Quattro Forum in Wrocław, Winogrady Business Center in Poznań, Red Tower in Łódź and Alfa Plaza in Tricity. Their total leasable area amounts to app. 48,300 sqm.
POLAND Capital Park generated PLN 3.2 mln in net profit in the first quarter – app. PLN 9 mln lower than the figure last year. The group is continuing its acquisition policy and is planning purchases worth as much as PLN 200 mln this year.
POLAND American fund SOF-IX International Holdings, which is owned by Starwood Capital Group, is to buy three office buildings developed by Ghelamco. The properties changing hands are Katowice Business Point and two office complexes in Warsaw – Łopuszańska Business Park and T-Mobile Office Park on ul. Marynarska.
CZECH REPUBLIC Vienna-headquartered property developer Warimpex has sold its last five-star hotel in Prague, the Savoy Hotel, to a private investor, as the company completes the withdrawal from the city’s declining luxury hotel market.
POLAND One of the most interesting and largest investment plots in Warsaw’s Wola district will most probably soon be changing hands.
WORLD/EUROPE Middle Eastern investors are expected to spend USD 180 bln in the world’s commercial real estate markets over the next decade, with 80 pct of it (USD 145 bln) to be allocated in Europe, according to the latest research from global property advisor CBRE.
CZECH REPUBLIC Radovan Vítek has decided to merge his Czech real estate investment company CPI Group into GSG Group (formerly Orco Germany), with the intention of further expansion into the European property market.
CZECH REPUBLIC ING bank has agreed to a financing package worth EUR 93.6 mln to Brno-based industrial developer CTP.
ROMANIA Investment company Globalworth Real Estate Investments has bought several plots with a combined area of app. 3 ha at the corner of Dimitrie Pompeiu boulevard and George Constantinescu street in Bucharest.
RUSSIA Moscow-based equity firm Baring Vostok has increased its stake in residential real estate developer Etalon Group to 16.39 pct.
ROMANIA AFI Europe has received a EUR 220 mln loan for the refinancing of the AFI Palace Cotroceni shopping centre in Bucharest.
RUSSIA Residential developer PIK Group has signed a loan agreement with VTB Capital to receive a one-year loan of RUB 23.4 bln (app. EUR 500 mln) with an extension option of five years.
POLAND Robyg group has signed a contract for the purchase of the perpetual usufruct of a plot of almost 5,500 sqm on ul. Przasnyska in Warsaw’s Żoliborz district.
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 ...
GTC, together with PAUL Tech AG, has announced a strategic partnership to sustainably upgrade GTC’s residential portfolio in Germany. Almost 4,800 res ...
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 ...
Panattoni is launching a new strategic initiative to develop data centres in Europe, the UK, India and the Middle East. Four experienced specialists h ...
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 ...
Adventum International, through its acquisition of four industrial properties in Poland, has launched its new Adventum Industrial fund, a sub-fund of ...
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 ...
Three years after the pandemic, employee disinterest remains a barrier to a widespread return to the office, according to research by Colliers, obtain ...
Savills has taken over the comprehensive management of a portfolio of properties in Warsaw owned by Yareal Polska. The portfolio includes buildings C, ...
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 ...
The Zeitraum – Racławicka student residence is to open in Krakow's Krowodrza district.
Construction work on the Andersa retail park has begun at the junction of ul. Andersa and ul. Okulickiego in Gliwice. The centre is already almost ful ...
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 ...
DeFelt, a company that specialises in the use of PET felt for acoustics and interior design, has leased around 2,500 sqm in P3 Wrocław City.