LC Corp buys land for Gdańsk apartments

Warsaw Stock Exchange-listed developer LC Corp has acquired 1.3 hectares of land on ul. Letnicka in Gdańsk for one of its future residential projects in the city. The value of the transaction amounts to more than PLN 24.3 million. Gdańsk City Hall was the seller of the plot which was sold following ...

Ronson to buy back Nova Królikarnia project in Warsaw

Warsaw Stock Exchange-listed developer Ronson Development plans to purchase back the first two phases of the Nova Królikarnia residential project located in the Mokotów district of the Polish capital from Global City Holdings for a combined PLN 83.8 million. The company will also have the option to ...

Skanska sells Wrocław offices for €51 mln

Developer Skanska Commercial Development Europe has sold the Green2Day office building in Wrocław to real estate fund manager Niam for €51 million. The property is scheduled to be transferred to the buyer in Q3 2018. Completed in the final quarter of last year, Green2Day offers approximately 18,000 ...

Locked content ZUS transfers PLN 42.9 mln to OFEs this week

Social Insurance Board (ZUS) transferred PLN 42.9 million to the open pension funds (OFE) this week. Overall, in March, the transfers amounted to PLN 295.4 million so far, while this year’s transfers have reached PLN 797.7 million. Last year, ZUS transferred PLN 2.93 billion to OFEs. Poland has been...

Locked content Kruk buys PLN 334 mln debt portfolios

Prokura NS FIZ, a subsidiary of WSE-listed debt collector Kruk, won a tender for the purchase of a portfolio of unsecured retail receivables with a nominal value of approx. PLN 147 million and a portfolio of secured corporate receivables valued at PLN 187 million from one of the largest banks in Pol...

Locked content PFR: We can finance nuclear plant project with ‘several PLN blns”

The state-run Polish Development Fund PFR can invest “several PLN billions” in the planned nuclear plant, PFR President Paweł Borys said. “The topic of potential participation in financing the construction of a nuclear power plant has been brought up and we declare that we are just financing large i...

Locked content Budimex wins PLN 333.5 mln tender for S19 road

WSE-listed construction firm Budimex filed the best offer worth PLN 333.5 million net for building a section of S19 expressway with the General Director for National Roads and Motorways GDDKiA, the company said in a market filing. The 10.5 kilometers-long section will connect Podgórze with Kamień an...

Pengab banking sentiment grows in March

The Pengab index, which measures conditions in the banking industry, increased by 7.6 points month-to-month to 29.6 points in March, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 30.3 points.