Panattoni, Marvipol selling Warsaw logistics park

Industrial Center 37, a joint venture established by developers Panattoni Europe and Marvipol, has signed a preliminary agreement for the sale of its Panattoni Park Warsaw logistics park near the Polish capital. The transaction, which has been signed with Shipston, is valued at €32.4 million and is ...

Archicom buys land for over 500 apartments in Wrocław

Warsaw Stock Exchange-listed developer Archicom has finalized the acquisition of a 2.45-hectare plot located in the Krzyki district of Wrocław, on which it will develop a new residential project offering approximately 520 housing units. The value of the transaction amounts to around PLN 26.6 million...

Q1 investment volume at €475 mln – BNP Paribas RE

A total of approximately €475 million was invested in commercial property in Poland in the first quarter of 2017, which marks a slight decrease upon the same period last year, according to the latest report by BNP Paribas Real Estate Poland. Transactions closed in the hotel property market accounted...

Locked content Volkswagen to manufacture e-Crafter in Poland

Volkswagen confirmed its plans to manufacture its new e-Crafter electric utility vehicles at its Września factory. “At this stage of the project, the design of the vehicle will be finalized in Hannover. In the next stage, production will be transferred to Wrzeńia,” VW spokeswoman Dagmara Prystacka s...

OFE with the average 1-year return rate at 17.56%

Private pension funds OFE achieved 17.56 percent weighted average rate of return in the one-year period ending March 31, 2017, financial market regulator KNF said. The best performer was MetLife OFE with 19.51 percent return rate, followed by Pekao OFE (19.36 percent) and PKO BP Bankowy OFE (18.80 p...

Locked content AIIB to co-finance central airport?

According to one of the directors of the Asian Infrastructure Investment Bank, Yee Ean Pang, the bank could take part in financing the Polish Central Airport, which the current Law and Justice (PiS) government plans to build. The facility could secure financing if it would promote interconnetvity be...

Locked content EU orders Poland to stop logging in Białowieża

The European Commission warned Poland that if it continues to lodge the protected Białoweża forests it will take it to court. Under the new Polish law it is allowed for state-owned company which manages Polish forests to log in the Białowieża, which was previously prohibited. Poland hopes to triple ...

P3 to increase its presence in Poznań area

Logistics space developer P3 has acquired a 49.2-hectare site in Robakowo near Poznań, which will allow the company to double the size of its P3 Poznań park. Construction on the new part of the complex is scheduled to launch next year, with P3 planning to eventually develop another six buildings wit...

Locked content 52 mln mobile phone numbers in Poland – GUS

According to data released by Poland’s Central Statistics Office GUS, at end-March, there were 52 million mobile phone users, representing 8.2 percent increase y/y. The figure includes both prepaid numbers (19.2 million) as well as ones with long term contracts (32.8 million). The number of long ter...