Image: Cushman & Wakefield

C&W managing Deka Immobilien properties in Poland

Cushman & Wakefield has revealed it was appointed in June this year as the manager of 18 commercial properties across Poland, which are owned by German investor Deka Immobilien and comprise a total of more than 473,000 sqm of space. The portfolio comprises twelve office buildings, three warehous...

Locked content Amica Q2 net profit soars

WSE-listed white goods producer Amica had PLN 71.4 million consolidated net profit in Q2, an impressive 233.9 percent gain y/y. Operating revenue stood at PLN 38 million, up by 26.4 percent y/y, while revenues reached PLN 524.6 million, a 7.5 percent y/y increase. The Q2 results were boosted by a PL...

Locked content CD Projekt Q2 profit drops

WSE-listed game producer CD Projekt had PLN 73.4 million consolidated net profit in Q2, which is 28.1 percent less y/y. Operating profit amounted to PLN 89.4 million (28.1 percent y/y drop), while revenues stood at PLN 155.5 million (down by 33 percent y/y). “In the first half of 2017, the group spe...
Image : shutterstock

Sunday trade ban to cover only two Sundays per month – media

According to Dziennik Gazeta Prawna, the government wants to impose the Sunday trade ban starting from next year, with two Sundays per month when stores will be allowed to remain open. In 2019, that number would be further limited to only one Sunday each month. “I proposed two Sundays because it see...
Image: CA Immo

CA Immo secures lease renewals in Sienna Center in Warsaw

Dimension Data Polska (2,380 sqm), Stowarzyszenie Filmowców Polskich (around 600 sqm) and Celsa „Huta Ostrowiec” (over 500 sqm) have renewed their lease agreements in the Sienna Center building located in Warsaw’s Wola district. The building is part of the Polish portfolio of CA Immo. The Vienna-bas...

Locked content Tauron with PLN 400 mln hybrid financing from BGK

WSE-listed utility Tauron secured PLN 400 million in hybrid financing from state-run development bank BGK. “It is a difficult instrument but one offering Tauron many possibilities,” BGK CEO Beata Daszyńska-Mazurek said. The program will include 12Y bonds with a call option after 7Y and will be issue...

Locked content Reserved opens its first store in London

WSE-listed fashion retailer has opened its first flagship Reserved store in London on the Oxford Street in London on Wednesday. Located in the former BHS department store, the shop has some 3,000 sqm, employs over 100 people and cost PLN 20 million to develop and design. The lease has been signed fo...

Locked content Poland to expand SEZ incentives into whole country

The Ministry of Development plans to expand investors’ incentives reserved for the Special Economic Zones (SEZ) onto entire Poland’s territory, hoping that it will increase investment to PLN 117.2 billion and help create some 158,300 new jobs by 2027. “Our proposition is not a minor adjustment, but ...