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.
POLAND The bookshop chain Matras has made the first step towards a change in ownership – a contract for the purchase of a minority stake in the company has just been signed between its current shareholders and an SPV company affiliated with the Traffic Club company.
POLAND The Dexa construction and furnishing centre in Rzeszów has been bought by businessman Jarosław Karczewki, who had previously wanted to buy the Millenium Hall mall in the city in 2010.
POLAND Eurocash is to buy a controlling stake in the Inmedio chain of newsagents and is investing in the 1minute concept.
The 11th Architectural Awards of the Mayor of Warsaw [11. edycji Nagrody Architektonicznej Prezydenta m.st. Warszawy] were held on June 3rd, at Teatr ...
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The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
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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.
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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 ...
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Panattoni is launching a new strategic initiative to develop data centres in Europe, the UK, India and the Middle East. Four experienced specialists h ...
Strabag has been commissioned to erect 23 GE Vernova wind turbines, each with a capacity of 6.1 MW by PPC Renewables Romania. The 140 MW wind farm Del ...
JLL has completed the modernisation of its offices in the Warsaw Spire building. The theme behind the design was ‘ReThink. ReUse. ReSpire’, emphasisin ...
In the first half of 2025, commercial real estate investment in Poland reached EUR 1.71 bln, broadly in line with the total for the same period in 202 ...
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
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The construction of the second phase of the Skyliner office complex in Warsaw, owned by the Karimpol Group, has reached the halfway point. At a height ...
The Balmain Group has taken over the management of a portfolio of four warehouses owned by Adventum International. The properties, totalling around 18 ...
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 ...
Skanska Residential Development has begun construction work on the first stage of its Awangarda Mogilska development in Kraków. A total of 278 apartme ...
Karuzela plans to expand four existing retail parks in Września, Lubliniec, Biała Podlaska, and Ełk. These centres were constructed between 2014 and 2 ...
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 ...
GXO and Levi Strauss & Co. have opened a fully automated 70,000 sqm logistics centre in Dorsten near Essen to support its European distribution networ ...