POLAND Echo Investment started the construction of six new projects in Q1. During the same period the company sold 351 units and bought land for construction of more than 75,000 sqm of residential and office space. Its net profit amounted to almost PLN 32 mln.
POLAND Leading Cities Invest, a fund managed by the KanAm Grund Group, has purchased the Renaissance Building in Warsaw from a fund managed by GLL Real Estate Partners.
LATVIA/LITHUANIA/ESTONIA The combined real estate investment volume in the Baltic states last year totalled EUR 810 mln according to figures published by Newsec in its “Baltic Investment Outlook 2019” report.
POLAND Wasz Sklep Spar, a subsidiary of the Spar Group has signed a purchase agreement for a majority stake in the financially troubled Piotr i Paweł grocery chain from funds managed by TFI Capital Partners.
POLAND LPP group has registered a 15.7 pct increase in sales to PLN 1.8 bln for Q1 this year. This year the company is targeting online sales in excess of PLN 1 bln with a single online store for the entire EU as well for Ukraine and has plans to debut in Finland.
POLAND VD Invest from the Vantage Development group has finalised the sale of the Delta 44 office building in Wrocław for PLN 28.7 mln.
CZECH REPUBLIC An investment trust fund established by Korean investor Hana Alternative Asset Management and Polish property manager White Star Real Estate has bought the Rustonka office centre in Prague’s Karlín district from J&T Real Estate for an estimated CZK 4.2 bln (app. EUR 163 mln).
POLAND Savills Investment Management has finalised the acquisition for its Savills IM European Logistics Fund 2 of a 42,000 sqm logistics property in the Warsaw area.
POLAND Marvipol Development has purchased a number of developed plots in Sopot for PLN 27.7 mln net.
POLAND Innovation over the next few years will result in a better quality of life, lower labour costs, an improvement in the environment, and the saving of time and resources according to the ‘Women Write the Future’ report published by the Ladies First Business Leaders Association.
POLAND Przedsiębiorstwa Handlu Zagranicznego Baltona has announced that it received a letter from Flemingo Dutyfree Shop Private and Flemingo International on May 23rd, which announces the launch of a review of strategic options by Flemingo and Ashdod Holding, the two largest shareholders in the company.
POLAND Polish Q Hotel chain has purchased the headquarters of the Law and Justice [PiS] party at ul. Nowogrodzka 84/86 in Warsaw.
SLOVAKIA Yit Slovakia has bought a 3.9 ha plot in the Nivy area of Bratislava. The plot is the site of a former prefabricated concrete factory in the city’s Ružinov district.
LATVIA The Baltic Horizon Fund, managed by Northern Horizon Capital, has signed a preliminary agreement to buy all the shares of Tampere Invest SIA, which owns the Galerija Centrs shopping centre in Riga’s Old Town from Linstow for EUR 75 mln.
EUROPE Warimpex has regestered a EUR 11.8 mln profit for Q1 2019, which compares to a EUR 3 mln loss in the same period of the previous year. The company attributes the improvement to higher gains on property sales and exchange rate gains.
POLAND/SLOVAKIA/CZECH REPUBLIC Focus Estate Fund has announced its plans to enter the Slovak market as well as to double the size of its current portfolio over the next two years.
EUROPE Immofinanz has recorded a rental income of EUR 65.2 mln in Q1 2019, up 10.5 pct y-o-y.
POLAND Foreign investment in Polish cities is mainly dependent on their labour, their infrastructure, the availability of office space and how well the market supports local businesses according to the ‘Business Environment Assessment Study’ published by Antal, which examined the business environments of Warsaw, Wrocław, Poznań, Łódź, the Tri-City, Kraków, Szczecin and Lublin.
POLAND The final sale agreement of the Cinema 3D cinema portfolio has been signed.
WORLD Cresa has completed the acquisition of Portfolio Solutions Group (PSG), a full service lease administration, accounting and abstracting services company, which is to be renamed Cresa Lease Administration (CLA).
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 ...
Panattoni has been awarded a Well ‘Gold’ certificate for the office section of a BTS project in Gliwice. This is the first such certificate awarded in ...
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 ...
After a moderate start to the year, Q2 saw a revival in the investment market. However, the total transaction volume remains below the 2020 average, a ...
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 ...
Sonar Real Estate has taken over the commercial management of three office buildings in Düsseldorf's Medienhafen district. The total combined leasable ...
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.
The leasing process is underway for a 14,000 sqm gla retail park being developed by Redkom Development in Białystok.
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.