Locked content Poles consume 6.3 kg of chocolate a year – report

Consumption of chocolate products is growing in Poland. In 2016 (latest GUS data) an average Pole consumed 6.3 kg of chocolate, 30 percent more than in 2011, according to an analysis conducted by BGŻ BNP Paribas. Over the past three years, households’ chocolate consumption increased by a third and o...

Segro acquires Warsaw warehouse complex

Warehouse and industrial space developer, owner and manager Segro has bought the Ideal Idea Park IV warehouse complex in Warsaw with the transaction having been brokered by JLL. The complex, which is located in the Włochy district of the Polish capital, comprises a total of more than 18,500 sqm of s...

Avestus and Tristan to launch Wrocław office scheme

Developer and investor Avestus Real Estate and a fund managed by investor Tristan Capital Partners have finalized the acquisition of a plot of land in downtown Wrocław on which they plan to build an office project comprising more than 22,000 sqm of space. Called Infinity, the seven-floor scheme has ...

MLP to develop logistics park near Łódź

Developer MLP Group is planning a new logistics park project at Stryków near Łódź. The scheme, which will be sitting on 25 hectares of land located some 20 kilometers from the center of the city and close to the A2 motorway, is expected to comprise a total of 120,000 sqm of warehouse and production ...

Locked content GDP to grow 4.5% in 2018 – S&P

Ratings agency S&P Global Ratings increased its forecast for Poland’s GDP growth for 2018 to 4.5 percent, up from 3.8 percent in its January forecast. S&P also decreased the expected public debt level to 49.5 percent of GDP from 51.8 percent and maintained the budget deficit forecast at 2 pe...

Locked content Budimex wins tender for ‘Iron Bridge’ reservoir construction

Budimex filed the most competitive offer for the construction of copper mining giant KGHM’s southern “Iron Bridge” sump reservoir. The offer amounts to PLN 578 million, Budimex stated in a market filing. The completion of the project is slated for the end of 2021. Construction start date will be sch...

Locked content Cement sales up 8% y/y in 2017

In 2017, 17 million metric tonnes of cement were sold by cement producers, marking an 8 percent increase year-on-year, according to preliminary data collected by cement producers industry association SPC. In 2018, cement sales could reach 18 million tonnes. One of the key factors driving up cement s...

Locked content PLN 160 mln from EU funds for electric trains in Tri-city

The Tri-city railway will receive PLN 160 million from EU “Infrastructure and Environment Programme 2014-2020” funds earmarked for the purchase of 10 electric trains. The first trains will be operational in four years. They will be used on the Gdańsk-Lebork route. The total cost of the investment is...

Locked content CCC buys 41 stores for PLN 68.5 mln

Footwear retailer CCC has signed an agreement to purchase a company with a portfolio of 41 stores located in Poland from Adler International for PLN 68.5 million, CCC announced. Four out of the 41 stores purchased are in preparation. “The seller will use the funds from the sale to accelerate the exp...