POLAND Budimex has published its interim results for H1 2019. Operating profit was down for the at around PLN 111 mln (PLN 170 mln H1 2018).
Investment & finance
POLAND Skanska has sold the Nowy Targ office project in Wrocław and the third and fourth buildings of the High5ive office complex in Kraków for EUR 214 mln to real estate funds managed by Credit Suisse Asset Management Global Real Estate.
POLAND Panova is to sell a retail park in Myszków for EUR 0.88 mln, having signed a deal for the sale of 100 pct of the shares in Panova Invest 3, the spv that owns the property.
Investment & finance
CZECH REPUBLIC German asset fund KGAL has completed its first Czech acquisition – the Drn office building in Prague city centre for the Alternative Investment Fund (AIF) for an undisclosed sum.
POLAND In less than five years Mzuri CFI has raised more than PLN 50 mln through crowdfunding through almost 1,000 private small investors and it has set up over ten companies.
CEE REGION ICAMAP Investments has written a letter to Gazit Globe stating that it objects to the price offered for the remaining shares of Atrium European Real Estate and demands that the company be revalued before it will agree to sell its minority stake of 1.38 pct.
POLAND Cromwell Property Group has bought out the outstanding stake in its Cromwell Polish Retail Fund (CPRF) after exercising its right of first purchase to acquire the third-party investor interest in the fund.
WORLD Property developer and investor Trei Real Estate has announced an increase in its development volume to EUR 730 mln over the first half of 2019, up by EUR 45 mln since the end of 2018 (December 2018: EUR 685 mln). This represents a y-o-y rise of EUR 230 on the EUR 500 mln of H1 2018 (46 pct).
Investment & finance
POLAND More than 60 tax, accounting and audit specialists so far employed by Moore Stephens Central Audit, are tojoin the Warsaw office of tax advisory TPA Poland, which has merged with the company.
CEE REGION According to data from Colliers International the Global Fortune 500 companies in the CEE region (Poland, The Czech Republic, Hungary, Romania, Slovakia and Bulgaria) are largely from the Automotive, Industrials, Food, Beverages & Tobacco, Telecom & Media and Transportation sectors.
Investment & finance
POLAND/HUNGARY/CZECH REPUBLIC Vienna-based asset management company FLE has bought eleven stores under the Makro Cash & Carry brand in Poland and Hungary and under the Metro Cash & Carry brand in the Czech Republic from Metro Group in a sale and leaseback deal worth over EUR 250 mln.
Investment & finance
POLAND Zeitgeist Asset Management subsidiary Hockley has bought a complex of six buildings on ul. Nowogrodzka in central Warsaw for EUR 81 mln from telecommunications firm Orange. The total area of the office and residential complex, which stands on a 1 ha plot, comes to 50,000 sqm.
Investment & finance
POLAND Golub GetHouse is to pay PLN 54,014 PLN (app. EUR 12.362) net per sqm for a site at ul. Grzybowska 59 in Warsaw, which is likely to be the record paid for a construction plot in Poland.
WORLD Prologis’ USD 3.99 bln acquisition of Industrial Property Trust from Denver-based real estate investment manager and development firm Black Creek Group was the largest deal of July in the construction and real estate sector, as tracked by GlobalData.
POLAND LC Corp has bought a 5,400 sqm plot on ul. Kolejowa in Wrocław for almost PLN 32 mln, where it plans to build a new office building.
POLAND Marvipol Development subsidiary Joki has finalised the acquisition of a 2.6 ha plot on ul. Bokserska in Warsaw’s Służewiec district.
WORLD The European Commission has approved the acquisition of one of the world’s largest auction houses, Sotheby’s of the US, by Next Alt of Luxembourg.
Investment & finance
POLAND Commercial land prices in Poland have been stable over the first half of 2019, while prices for residential sites are continuing their rising trend but at a slower pace, according to Colliers International.
Investment & finance
POLAND Bank Pekao has put up for sale a listed tenement building at the junction of the Rynek Główny main square and ul. Szewska in Kraków’s Old Town.
EUROPE Warimpex Finanz-und Beteiligungs recorded a EUR 17.9 mln profit in H1, compared to a EUR 4.3 mln loss a year earlier. As the company explains, this can be attributed primarily to property sales, valuation gains and exchange rate gains.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office prope ...
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 ...
Warsaw's Studio B building has been awarded SmartScore and WiredScore certificates. Skanska has thus become the first company in Poland to receive the ...
The Eurobuild Awards Gala, the premier event for the region’s real estate market, is to take place this year on November 26th at the DoubleTree by Hil ...
As the media market in Poland evolves, we also need (and want to!) adapt to these changes and move with the times. Soon, access to our archive will ...
Today, we bring you another brief recording from Expo Real 2024. Tune to listen to our experts' opinions. and immerse yourself in the event's atmosphe ...
The 13th JLL Real Estate Beach Volleyball Charity Tournament, which took place earlier this month, has raised over PLN 800,000 to build the third Rona ...
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 St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade ...
Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv ...
The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzez ...
Viterra has moved into its new 1,500 sqm offices in Olivia Prime, part of the Olivia Centre business complex in Gdańsk. The Design Anatomy studio is ...
Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occ ...
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 ...
YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a ...
According to Trends Radar. Real Estate: From Stabilisation To Optimism, the latest report from Cushman & Wakefield, in 2024, Poland came second in Eur ...
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 ...
7R and EQT Exeter will jointly develop a modern logistics park near Prague. The 56,000 sqm investment will consist of two buildings located along the ...
