Locked content Grupa Azoty Q3 results soars, but below consensus

WSE-listed chemical giant Grupa Azoty had PLN 67 million net profit in Q3. Up by impressive 1,837 percent (from PLN 3.46 million), but below consensus set at PLN 88.4 million set by the analysts polled by the Polish Press Agency PAP. Revenues stood at PLN 2.19 billion, up by 9.8 percent y/y, while E...

Locked content Alior Bank with PLN 190 mln Q3 net profit

WSE-listed Alior Bank posted a PLN 189.88 million attributable net profit in Q3, up from PLN 86.94 million last year. Net income from interests soared to PLN 723.81 million, up by 47.6 percent y/y, fees and commissions amounted to PLN 103.2 million, up from PLN 87 million last year. Alior’s  total a...

UBM opens Kotlarska 11 office building in Kraków

Developer UBM has officially opened for business its Kotlarska 11 office building in Kraków, which comprises 9,000 sqm of office space and 2,500 sqm of service area. Its tenants include Grand Parade (6,800 sqm) and Chatham Financial (1,600 sqm) with Knight Frank acting as the leasing agent. Kotlarsk...

Demand for luxury apartments on the rise – Reas

The demand for and supply of apartments in the “upper middle” and “high-end” segments of the residential market, which are typically priced more than PLN 17,000 per sqm, has been growing this year. According to Reas, a total of over 470 such units were sold in Warsaw, Kraków,...

Papa John’s leases warehouse space in Warsaw

US pizza delivery restaurant chain Papa John’s, which has recently announced its plans to enter Poland and is expected to open its first locations in Warsaw in December, has leased almost 1,600 sqm of warehouse, production and office space in the city’s Ideal Distribution Center complex. AXI Immo su...